United News of Bangladesh

The International Monetary Fund (IMF) on Wednesday revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, reports Xinhua.

Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released Tuesday.

The coronavirus pandemic has pushed nearly all Mideast nations into the throes of an economic recession this year, yet some rebound is expected as all but two — Lebanon and Oman — are anticipated to see some level of economic growth next year, according to a report published Monday by the International Monetary Fund.

China’s shaky economic recovery from the coronavirus pandemic is gaining strength as consumers return to shopping malls and auto dealerships while the United States and Europe endure painful contractions.

Disney theme Park on Tuesday decided to lay-off 28,000 people in the United States as the coronavirus pandemic hits its parks and resorts business.

Human rights watchdog Amnesty International on Tuesday said that it has been forced to halt its India operations after the government froze several of the organisation’s bank accounts.

China will continue to exempt certain US goods from additional tariffs for another year, the Chinese Customs Tariff Commission of the State Council said Tuesday.

Oracle spokeswoman Deborah Hellinger said she was confirming remarks made by US Treasury Secretary Steven Mnuchin, who told CNBC on Monday that TikTok’s parent company, ByteDance, submitted its proposal to the US government for approval. “We did get a proposal over the weekend that includes Oracle as the trusted technology partner with Oracle making many representations for national security issues,” Mnuchin said. Mnuchin said there’s also a commitment to make TikTok’

Amazon will be hiring another 100,000 people to keep up with a surge of online orders.

The parent company of TikTok, a Chinese video-sharing app, has announced it is taking legal action against the US government, in an effort to safeguard its rights and interests.