The European Commission has made payments totalling €10.7 million from the European Globalisation adjustment Fund (EGF). The payment of €10.4 million to Spain will help some 1,600 workers made redundant when the American multinational Delphi decided to close down its factory in Cádiz and offshore production to its existing plant in Tangiers. 
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The ability of the next government to attain 8 percent economic growth depends on efforts to tackle the power crisis, increased private-sector investment, greater foreign direct investment inflows and an effective strategy to brand Bangladesh, said business leaders and economists yesterday.
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Chief Adviser Fakhruddin Ahmed yesterday launched the first country branding for Bangladesh.
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Queen Elizabeth II unveiled the British government's legislative programme for the next year Wednesday, stressing its "overriding priority" was to bolster the economy against looming recession.
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The US private sector lost 250,000 jobs in November, the largest decline in six years, in a further indication of a tightening labor market amid recession, according to a private payrolls report Wednesday.
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WTO chief Pascal Lamy has asked member states to prepare for a possible meeting on concluding a global trade liberalisation pact, with key countries to gather in coming days, sources said on Wednesday.
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The World Bank (WB) must be careful in making growth projections public about the state of the economy, business leaders said yesterday.
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Philippines though not having a very big garment and textile industry compared to its other illustrious neighbours like Indonesia, Sri Lanka and Bangladesh etc, the sector is quite vibrant but with modest export growth rates. Now in order to counter the reduced inflow of foreign investments in the sector due to the economic meltdown, the government has announced various incentives and tax breaks to attract investments.
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Riding on textile- and apparel-based sectors, local entrepreneurs placed over Tk 17,000 crore investment plans to the government in the first 10 months of the current calendar year.
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According to reports emanating from Myanmar, the government is contemplating privatising more than 36 state owned enterprises under a sealed tender system as part of its drive to ensure that these companies continue to function and provide employment.
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Bangladesh Silk Industry Owners Association organises a five-day Silk Fair here from today aiming to popularise and revive the decaying heritage of Rajshahi Silk.
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