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EU to provide financial support to to garment workers

European Union (EU) will provide more than € 90 million to hard up garment workers who have lost their jobs due to global coronavirus pandemic. Each worker will get their respective amount directly or through mobile financial service or through a government agency to ensure transparency in the distribution of the fund. The

BB instructs no penalty fee for late deposit payment

The Bangladesh Bank (BB) has recently made instructions to all banks not to charge any penalty fee on its DPS and other deposit scheme customers for late payment in April and May amid the Covid-19 pandemic. Issued a circular on May 31, BB also instructed banks not to close any DPS or

Academic institutions not opening now: PM

Prime Minister Sheikh Hasina on May 31 ruled out the possibility of opening educational institutions immediately. She said, students are the future of the country and the government does not want to put them at risk. She also said, "Educational institutions may not be opened but we want to advance step by step

US cutting ties with WHO: Trump

Reuters,Washington  The United States will end its relationship with the World Health Organization over the body’s handling of the coronavirus pandemic, U.S. President Donald Trump said on Friday, accusing the U.N. agency of becoming a puppet of China. The move to quit the Geneva-based body, which the United States formally joined

Covid 19: ADB provides $231,178 grant

The Asian Development Bank (ADB) is providing $231,178 grant to boost novel coronavirus disease related facilities in 134 urban primary health centres, also called Nogor Swastho Kendro, around the country. The health centres are providing primary healthcare services to the urban poor under the ADB-supported Urban Primary Health Care Services Delivery

Economic activities need to be resumed: PM

Prime Minister Sheikh Hasina on May 24 said economic activities have to be resumed for the sake of the lives and livelihoods of people. "Most countries of the world have already been compelled to relax their lockdowns, because it’s not possible to restrict people's paths of income for an indefinite period.

Plaid brings digital API platform for banks

More individuals and businesses are turning to fintechs for financial needs due to the demand being possibly accelerated by the COVID 19 pandemic. In this regard, Plaid, a financial service company of California is releasing a new solution to help banks manage and secure customers’ financial data since financial institutions (FIs) scramble to

Facebook launches virtual shopping platform

Facebook CEO Mark Zuckerberg says, the virtual shops will aim to counter Covid-19's ‘economic shock’ Facebook last week announced it is launching Shops, a service that will allow businesses to display and sell products on its platforms. Mark Zuckerberg is positioning Shops as a tool for small businesses, many of which have had

WhatsApp launches Coronavirus Information Hub to support health initiatives

Besides launching hub, WhatsApp also donates $1m to International Fact-Checking Network for Coronavirus Facts Alliance Facebook-owned mobile instant messenger and social media service WhatsApp on March 18 announced the launch of two initiatives in support of the global fight against the coronavirus pandemic: the global launch of the ‘WhatsApp Coronavirus Information

Rakuten Viber Reports 4x Higher Call Volume

Leading messaging and calling app witnesses surge in the usage during COVID-19 shutdown Rakuten Viber, one of the world’s biggest communication platforms, has increased its capacity for core features and created several initiatives around togetherness and positive mental attitude during the global COVID-19 outbreak. The result is a significant increase in

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