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Interest rate cap, pandemic battered City’s fortunes in 2020

City Bank’s profit tumbled 42 per cent in the first half of 2020 due to the new interest rate regime and disruption in business caused by the pandemic.

France to provide €150m to bounce back from downturn

The Agence Française de Développement (AFD), the French government arm that deals with overseas aid, has joined the long list of development partners that have come forward to help Bangladesh in its efforts to recover from the economic whiplash brought on by the global coronavirus pandemic.

US job market recovery appears to be slowing

US private employers hired far fewer workers than expected in July as companies exhausted loans to help with wages and new COVID-19 infections flared up across the country, supporting the view that the nascent economic recovery was faltering.

Standard Bank holds 28th EGM

Standard Bank organised its 28th extraordinary general meeting on July 30 through a digital platform.

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