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Russia, hit by coronavirus crisis, considers military spending cuts

Russia is considering cutting spending on the military as low oil prices and the coronavirus crisis have pummelled its economy, a document published by the finance mini

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Costco profit falls on coronavirus-related costs

Costco Wholesale Corp reported a 7.5-percent-fall in quarterly profit on Thursday, as it spent more on wages and sanitizing its warehouse clubs and halted sales of some high-margin products due to

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Rivian’s Amazon electric delivery van still on track as factory reopens

Rivian, the electric vehicle company backed by Amazon, Cox Automotive and Ford, has resumed work at its factory in Normal, Ill. following a temporary shutdown due to the COVID-19 pandemic.Constructi

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China's fiscal revenue to drop, but will allocate more to local govt.

04:31 China's fiscal revenue will decline this year as part of the impact of the coronavirus epidemic, Liu Kun, China's minister of finance, said Friday following the release of the an

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Trudeau announces financial aid for senior Canadians

Canadian Prime Minister Justin Trudeau announced on Tuesday to provide 2.5 billion Canadian dollars (about 1.8 billion U.S. dollars) to help seniors during the COVID-1

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S. African Airways says government exploring funding solutions

Workers of South African Airways (SAA) hold placards during a strike over wages and job cuts at SAA headquarters in Kempton Park, South Africa, November 15, 2019. /Reuters South African nation

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Emirates, Etihad warn air travel recovery could take three years

Middle East state carriers Emirates and Etihad Airways believe it could take three years for air travel demand to return to levels seen just before the COVID-19 pandemic broke out, according to th

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China to strengthen legal aid for migrant workers

A regulation on guaranteeing the payment of wages to migrant workers will take effect on May 1, providing legal support to safeguard the legitimate rights and interest

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UK public sector borrowing sees "highest March" with greater COVID-19 impacts ahead: ONS

The British public sector spent more money than it received in taxes and other income in March 2020, as greater effects of COVID-19 on the public finances are expected

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Liaoning football players to sue club over unpaid salaries

Liaoning Hongyun players during game against Jiangsu Suzhou, November 10, 2019. /VCG Several Liaoning Hongyun football players have vowed to take legal action against their club to get back un

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UK coronavirus hospital deaths surpass 16,500 after another 449 patients die

Another 449 people who tested positive for COVID-19 have died in hospitals in Britain as of Sunday afternoon, bringing the total number of coronavirus-related deaths t

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Small businesses are out of time, but COVID-19 aid comes with massive roadblocks

Just a few weeks ago, Seattle-based small business SnapBar — which provides custom photo booth rentals and selfie stations for events nationwide — was thriving, getting ready for a full slate of sprin

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Bournemouth latest team to reverse coronavirus furlough decision

AFC Bournemouth players during the Premier League match against Liverpool FC at Anfield in Liverpool, United Kingdom, March 7, 2020. /VCG Bournemouth became the latest Premier League club to

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CBA not to resume before June, company executives take pay cuts

Players of Shanghai Sharks train in Shanghai, China, April 3, 2020. /VCG The general managers of Chinese Basketball Associations (CBA) clubs met on Tuesday and confirmed the earliest for the s

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West Ham, Southampton players agree to defer wages

West Ham United's Declan Rice (L) and Southampton's Ryan Bertrand (R) during the Premier League match at London Stadium, February 29, 2020. /VCG West Ham United have become the second Premier

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Hong Kong rolls out 17-bln-USD schemes to prop up virus-hit industries

Hong Kong announced Wednesday a basket of relief measures worth 137.5 billion Hong Kong dollars (17.74 billion U.S. dollars) to prop up businesses and residents strugg

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No deal yet over wage cuts for Premier League players

Jack Simpson of Bournemouth (L) battles with Mohamed Salah of Liverpool during the Premier League match between Liverpool FC and AFC Bournemouth in Liverpool, UK, March 7, 2020. /VCG Talks bet