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Latest News
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6:28Americans can pack bags for Europe, as EU lifts travel curbs
The European Union lifted travel restrictions for U.S. residents, in the latest step toward restoring lucrative transatlantic airline routes despite concerns over the spread of potentially dangerous coronavirus variants.
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11:36Tokyo Olympics promise to be weirdest ever for isolated athletes
Veteran Malaysian diver Pandelela Rinong has competed in three Olympics and is no stranger to the rigors of competitive sports. But never before has she experienced anything like the preparations for next month’s Tokyo Games.
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2:19Japan to end Tokyo virus emergency about a month before Olympics
The Japanese government will end a state of emergency for Tokyo, Osaka and other areas on June 20 as planned, about a month before the country is due to host the Summer Olympics.
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11:36'Church and state': Dick Pound says sponsors won’t hamper Tokyo Games safety
Pound, who competed for Canada in the 1960 Games, said sponsors are keen to support and be associated with the Games, but are not pressuring the IOC to take safety risks.
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Canadian cities left off world's most livable places list
Auckland took the No. 1 spot, rising from sixth as New Zealand’s success in containing the outbreak allowed it to keep restaurants, theaters and schools open.
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4:57EU, U.K. open first antitrust probe into Facebook
Facebook Inc. is facing its first in-depth probe by European regulators, the latest in a series of efforts to crack down on big tech market dominance across the continent.
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6:57Biden blocks 59 Chinese companies in amended Trump order
President Joe Biden will sign an order Thursday amending a ban on U.S. investment in Chinese companies begun under his predecessor, naming 59 companies with ties to China’s military or in the surveillance industry including Huawei Technologies Co. and the country’s three biggest telecommunications companies.
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8:05Biden administration to send 25 million doses of U.S. vaccines abroad
The U.S. government will send 25 million COVID-19 vaccine doses to foreign countries across Asia, Africa and Latin America, the first time President Joe Biden’s administration has shared shots it could have used at home.
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Logan Paul got cancelled. Now he's making more money than ever
On June 6, Floyd Mayweather will be fighting Logan Paul, former champion of the YouTube world.
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7:08U.K. to begin process to join Trans-Pacific trade partnership
Member nations of a Pacific regional trade deal agreed Wednesday to allow the U.K. to begin the process to join, Japan’s economy minister said.
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1:18China's three-child policy may do little to boost birthrate
China’s surprise decision to allow all couples to have a third child may be too little too late to reverse the nation’s declining birthrate and shrinking workforce.
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Osaka withdraws from French Open after being fined for not speaking to media
Naomi Osaka wrote on Twitter on Monday that "the best thing for the tournament" would be if she withdrew from the French Open, a dramatic turn of events for the four-time Grand Slam champion and former No. 1-ranked player.
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2:32TikTok given EU ultimatum over child safety concerns
TikTok, the Chinese-owned video-sharing app, was given one month by European Union regulators and consumer protection watchdogs to address concerns over the safety of children’s data on the platform.
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8:27California to give US$116.5M in prizes for vaccinations
California officials who have spent months urging residents to get vaccinated against the coronavirus now hope US$116.5 million in prizes will sweeten the deal.
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Osaka won’t speak to media at French Open, hopes 'considerable' fine goes to mental health charity
Tennis star Naomi Osaka says she is not going to speak to the media during the upcoming French Open.
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Why COVID cases in world's most immunized nation are rising despite vaccine push
Cases in the world’s most vaccinated nation are ticking up, forcing researchers to wage war against misinformation on whether jabs are effective.
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2:23Ditched Olympics could wipe out most of Japan's 2021 growth
Scrapping the Tokyo Olympics would inflict further damage on a Japanese economy already teetering on the brink of a double-dip recession, according to economists.
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7:02AstraZeneca should pay millions a day for delayed shots, EU says
AstraZeneca Plc should pay multimillion-euro daily penalties if it still fails to deliver COVID-19 vaccines on time, the European Union told a court in the latest round of a bitter legal dispute over the drugmaker’s alleged broken promises.
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10:35U.S. women had to work 42 more days to earn what men did in 2020
In a devastating year for women in the labor market, the gender pay gap didn’t budge.
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5:53U.S. consumer confidence falls as job, income prospects ebb
U.S. consumer confidence fell slightly in May for the first time this year as Americans were less optimistic about future job and income prospects.
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Biden, Putin to meet in Geneva with long lists of grievances
President Joe Biden will meet Russian President Vladimir Putin in Geneva on June 16 for their first in-person session since Biden took office, amid deep tensions between their two nations.
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4:12Airlines rally as U.S. travel rebound quickens into summer
U.S. airlines rose as the country’s three biggest carriers said a travel rebound is gaining steam, with United Airlines Holdings Inc. and Delta Air Lines Inc. heading for the highest closing price in about six weeks.
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NBA Africa valued at US$1B with Watsa, Mutombo backing
The National Basketball Association Inc. is expanding in Africa through a deal that values its operations on the continent at US$1 billion.
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China braces for US$1.3T maturity wall as defaults surge
Even by the standards of a record-breaking global credit binge, China’s corporate bond tab stands out: US$1.3 trillion of domestic debt payable in the next 12 months.
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8:50Vaccine tourists urged to read fine print on trips overseas
Travel agent associations in India and Thailand -- both battling a surge in infections -- have warned the public against operators advertising overseas tours to get vaccinated, saying there can be hidden costs.
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6:30U.S. moves to double tariffs on Canadian softwood lumber imports
The president of the BC Lumber Trade Council says a move by the United States to double tariffs on Canadian softwood lumber is “particularly egregious” given current record high lumber prices.
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8:27I am fully vaccinated. When do I need a booster?
The rapid development and rollout of effective vaccines have been game changers in the fight against COVID-19. But these shots don’t offer unlimited protection.
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8:39Pfizer, Moderna pledge more COVID vaccines for poorer countries
Pfizer Inc. and other drugmakers pledged to get more COVID-19 vaccines to poorer countries over the next 18 months, ramping up efforts to battle the coronavirus pandemic.
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Israel and Hamas end 11-day conflict, sparking celebrations
Jubilant Palestinians poured into the battle-scarred streets of the Gaza Strip, and the blare of air raid sirens fell silent over Israel after the Israeli military and the Hamas group halted their 11-day conflict on Friday.
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3:13U.S. Treasury floats 15% global minimum tax on companies, less for domestic firms
The U.S. called for a global minimum corporate tax of at least 15 per cent, less than the 21 per cent rate it has proposed for the overseas earnings of U.S. businesses -- a level that some nations had argued was excessive.
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4:41Tencent joins Alibaba in spending spree as competition heats up
Tencent Holdings Ltd. pledged to sharply increase investments this year after posting a 25 per cent gain in quarterly revenue, aiming to fend off ByteDance Ltd. and sustain its pandemic-era boom in gaming and cloud.
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6:00U.S. Fed officials signal open to taper talk at ‘upcoming meetings’
Federal Reserve officials were cautiously optimistic about the U.S. economic recovery at the central bank’s April meeting, with some officials signaling they’d be open to discussing scaling back the central bank’s massive bond purchases “at some point.”
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4:31Central banks keep a lid on rates bets as commodities surge
The surge in commodities prices is failing to trigger some of the traditional responses in bonds and currencies.
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4:24China's recovery remains unbalanced as retail spending lags
China’s recovery remained unbalanced in April, with industrial output and investment buoyed by strong exports and a hot property market, while retail sales missed forecasts.
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6:18One in three U.S. workers changed or lost jobs in past year
More than a third of U.S. workers changed employers or lost their jobs since the start of the pandemic, double the typical level in the previous two decades, according to a study.
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7:55A day in the life of Wall Street shows NYC at cusp of comeback
Jon Corzine was about to leave his Upper East Side apartment at 7:25 on Wednesday morning before his wife, Sharon, stopped him.
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Mounting inflation fears push U.S. consumer sentiment lower
U.S. consumer sentiment deteriorated unexpectedly in early May as Americans grew increasingly concerned about rising prices.
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U.S. manufacturing output increased in April for second month
U.S. manufacturing output rose in April by slightly more than expected, suggesting further improvement for factories that are otherwise buffeted by supply shortages and shipping challenges.
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7:33U.S. retail sales stalled in April after stimulus-aided surge
U.S. retail sales stalled in April following a sharp advance in the prior month when pandemic-relief checks provided millions of Americans with increased spending power.
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5:59Fully vaccinated people can go without masks, CDC says
Fully vaccinated Americans can do away with wearing masks, the head of the U.S. Centers for Disease Control and Prevention said, the most significant shift in federal guidelines since the start of the pandemic.