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Latest News
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U.S. denounces China's claims to South China Sea as unlawful
The Trump administration rejected China’s expansive claims in the South China Sea, reversing a previous policy of not taking sides in territorial disputes in the region and escalating tensions with Beijing on yet another front.
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U.S. posts record monthly budget gap on small-business relief
The U.S. posted its worst-ever budget deficit in June as federal government spending more than tripled from a year earlier in a bid to mitigate the economic destruction caused by the coronavirus pandemic.
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2:35EU plans 'coordinated' action to support Hong Kong's autonomy
The European Union will support Hong Kong’s autonomy with a “coordinated” mix of EU-wide and national measures meant to counter China’s new national-security law for the Asian financial hub, the bloc’s top diplomat said.
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Germany aims to make its EU presidency 'climate neutral'
German is aiming to make its six-month presidency of the European Union “climate neutral,” by organizing events in such a way as to reduce greenhouse gas emissions and offsetting any that can't be avoided, officials said Monday.
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6:49COVID-19 reinvades states that already beat it back once
The first states to endure the coronavirus this spring hoped the worst would be behind them.
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New York City reaches milestone with no reported virus deaths
New York City, once the epicenter of the nation’s coronavirus outbreak, has just reported its first day with zero confirmed or probable virus deaths since the pandemic hit New York State.
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Croatia, Bulgaria cleared to join waiting room to adopt Euro
Croatia and Bulgaria got the green light to join the waiting room for euro adoption in the biggest step toward expanding the currency union in five years.
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Fed’s Kaplan says mask use would spur growth, curb joblessness
Wide-spread mask wearing and following other health-care measures will be key to economic growth in the U.S., said Federal Reserve Bank of Dallas President Robert Kaplan.
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Steve Cohen takes on A-Rod in push to buy New York Mets
Steve Cohen hasn’t given up on buying the New York Mets.
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Maxwell's legal team needs to mesh in ugly, decades-old charges
When she walks into a U.S. court next week, Ghislaine Maxwell will confront federal prosecutors with years of experience in New York courts and deep knowledge of the child sex-trafficking allegations surrounding her and her former lover Jeffrey Epstein.
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China credit growth accelerates in June as economy recovers
China’s credit growth picked up in June amid strong demand for loans via banks and informal channels, signaling that the economic recovery is continuing into the third quarter.
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2:35China's tough talk on U.S. sanctions leaves room to cool tension
By now it’s become a familiar pattern: the Trump administration takes an unprecedented action against China, Beijing vows retaliation and then life pretty much goes on as normal.
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Croatia and Bulgaria step closer to joining the Euro-area
Croatia and Bulgaria are set for approval to join the waiting room to adopt the euro in what would be the first step toward expanding the currency union since 2015.
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WHO launches review of pandemic response after Trump criticism
WHO has come under fire for its response to the coronavirus outbreak from President Donald Trump who is pulling the U.S. out of the global group
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TikTok gone from Hong Kong app stores as China law bites
ByteDance Ltd.’s TikTok is no longer available to download for either iPhones or Android devices in Hong Kong, exiting the market just days after the passage of a new national security law by Beijing.
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Brazil finds reopening the economy only brings a modest recovery
Brazil’s aggressive push to reopen businesses before controlling the coronavirus pandemic is so far yielding only modest gains, with industrial output and retail recovering just part of their historic losses.
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Biden targets Trump's edge on economy with manufacturing plan
Joe Biden will begin rolling out his plan on Thursday to repair the U.S. economy as he seeks to improve his standing with voters on one of the few issues where he lags President Donald Trump.
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Ontario overestimated costs of services to irregular border crossers: Auditor
Ontario's auditor general says the province significantly overstated the costs of providing services to asylum seekers coming into Canada from the United States.
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Canadian trader bets on new grain terminal to win Asian clients
A Canadian crop trader is betting its new high-speed grain-export terminal in Vancouver, the first to be built since the 1960s, will help it beat the competition and win over clients in growing markets in Asia.
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The Fed will soon embrace yield-curve control
The central bank may have its doubts now about the strategy, but a worsening economy will force its hand.
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Dubai to open US$3B rail line as city gets back to business
Dubai plans to open a $3 billion extension to its metro rail network in September as the emirate pushes ahead with projects even after a key event to attract millions of visitors was delayed by a year.
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U.S. war on Huawei begins to turn after rough year for Europe
Huawei Technologies Co. has gone from a crucial component of U.K. and French mobile networks to potential outcast, after resistance and compromises began to give way to a relentless White House campaign.
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Bolsonaro gets COVID-19 after downplaying its impact on Brazil
Brazil President Jair Bolsonaro tested positive for COVID-19 in an escalation of the health crisis that has engulfed Latin America’s largest economy.
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Swedish COVID infections drop after steady distancing patterns
The rate of COVID-19 infections is declining in Sweden, which health authorities said is thanks to citizens voluntarily adhering to social distancing guidelines..
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U.S. job openings unexpectedly increase as hires climb to record
U.S. job openings unexpectedly increased in May as state economies stirred to life and businesses looked to hire anew.
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5:46U.S. home prices seen falling 6.6% on COVID-19 economic damage
U.S. home prices will fall about 6.6 per cent during the 12 months through May 2021, the first annual annual decline since 2012, as the economic impact of the COVID-19 pandemic deepens, according to a report Tuesday by CoreLogic Inc.
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Hong Kong local virus cases jump, alarming health officials
Hong Kong reported its largest number of local coronavirus transmission cases in almost three months, stumping local health officials and reflecting the difficulty of eradicating the pathogen.
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Singapore doesn't see second coronavirus wave at this point
Singapore says it doesn’t see a second wave of coronavirus infections at this point, even as the number of community and imported cases ticked up after the city-state lifted restrictions put in place to curb the spread of the pandemic.
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4:35New U.S. visa rules threaten to deport 369,000 Chinese students
Hundreds of thousands of Chinese students enroll at U.S. colleges and universities each year, and right now, a lot of them are freaking out.
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Ghislaine Maxwell goes from luxury retreat to Turkish-style jail
Ghislaine Maxwell spent the last few months at a secluded 156-acre estate called “Tuckedaway,” hidden in the woods of Bradford, New Hampshire, -- the type of luxury retreat she’s grown accustomed to as Jeffrey Epstein’s girlfriend. Now, however, she’s having to deal with accommodations that have been compared to a Turkish prison.
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Europe sees deeper slump with fresh warning on uneven virus hit
Europe’s economy will suffer more than previously estimated this year and take longer to recover because of a slow easing of coronavirus restrictions, according to the bloc’s executive arm.
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Europe's museums sell out of limited tickets in reopenings
Museums in Europe are seeing initial high demand as they open their doors following months of closure because of the coronavirus pandemic.
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8:01Months of trial and error in the ICU offer clues on how to save COVID patients
Sanja Jelic’s worst day in almost two decades as a critical care doctor in New York City was April 6.
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Ghislaine Maxwell heads to New York for potential Friday hearing
Maxwell, who was arrested in New Hampshire on Thursday on charges including conspiracy and enticing minors to engage in sex, has been rarely seen since in the past year amid the uproar over Jeffrey Epstein.
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Merkel urges EU to agree on recovery fund with time pressing
Chancellor Angela Merkel said time is pressing for European Union member states to reach an agreement on an economic recovery plan.
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Why Americans say they are, or aren't, wearing face masks
There are partisan, generational and geographic differences when it comes to protecting against the coronavirus.
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World's largest pension fund loses US$165B in worst quarter
The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global equity rout in the period.
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Johnson tells Britons to enjoy summer 'sensibly' as pubs re-open
Prime Minister Boris Johnson on Friday will tell Britons to act responsibly as the U.K.’s pubs prepare to re-open, warning he’ll act to shutter parts of the economy again if the coronavirus pandemic runs out of control.
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CBO trims U.S. GDP forecast for this year, lifts 2021 projection
The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.
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U.S. trade sinks to lowest in more than a decade in May
U.S. exports of goods and services sank in May to the lowest in more than a decade as the coronavirus pandemic halted demand and shipments.