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Will Amazon forest fires complicate COVID-19 in Brazil?

00:44 Fires in Brazil's Amazon region jumped 20% in June compared to that month a year ago, according to new government data.Researchers worry these findings could foretell a repeat, o

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IMF revises down 2020 Asian economy forecast to 1.6 pct contraction

The International Monetary Fund (IMF) on Tuesday revised down its forecast for the Asian economy amid the mounting COVID-19 fallout, projecting a 1.6 percent contraction in 2020.The latest project

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Quantum 'fifth state of matter' observed in space for first time

Scientists have observed the fifth state of matter in space for the first time, offering unprecedented insight that could help solve some of the quantum universe's most intractable conundrums, res

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U.S. consumer prices in May fall 0.1%, the third consecutive month

U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession.The Labor Department said Wedn

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Global airlines body raises alarm over bailout debts

VCG Heavy debts inherited from government bailouts and other fundraising moves will delay the airline industry's recovery from the coronavirus crisis, a trade body said on Tuesday.Global airli

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BoE looking more urgently at negative rates, riskier assets

The Bank of England is looking more urgently at options such as negative interest rates and buying riskier assets to prop up the country's economy as it slides into a deep coronavirus slump, the BoE'

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China housing market shows signs of recovery amid long term pressure

After most cities in China have been released from quarantine, the housing market shows signs of recovery under the shadow of weakening investment sentiment and home purchase intention.China's tot

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South Korea's April exports plunge most since global financial crisis

South Korea's exports slumped 24.3 percent in April from a year earlier under the impact of the COVID-19 pandemic, which also disrupted the global supply chains. This is the biggest plunge since t

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China's April manufacturing index edges down amid COVID-19 uncertainty

A workshop of a glass company in Nanhe County, north China's Hebei Province, April 29, 2020. /Xinhua China's official Purchasing Managers' Index (PMI) edged down to 50.8 in April from a record

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Nigerian naira slides on black market after oil price plunge

FILE PHOTO: Nigerian currency, naira banknotes./Getty Images. The Nigerian naira fell to its lowest level against the dollar in three years on the black market on Tuesday, traders said, a day

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South Africa's rand weakens as coronavirus jitters linger

FILE PHOTO: South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesbu

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Pakistan gears up to fight coronavirus

The number of confirmed coronavirus cases in Pakistan has risen close to 3,000 on Saturday, after more cases were reported in Islamabad, Punjab and Sindh provinces and Azad Jammu and Kashmir.As th

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Big 4 of Bundesliga donate 20 million euros to help struggling clubs

Logos of Borussia Dortmund (left top), RB Leizpig (right top), Bayer Leverkusen (left bottom) and Bayern Munich (right bottom). /VCG The COVID-19 pandemic has not only shut down the European f

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UK cuts main interest rate from 0.75% to 0.25% due to COVID-19 fears

File photo of a general view of the Bank of England. /VCG The Bank of England (BoE) on Wednesday announced a cut from 0.75 percent to 0.25 percent to its interest rate, creating the lowest bor

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WHO chief says COVID-19 not pandemic despite very concerning signs

COVID-19 is not a pandemic for now although there are very concerning signs, the chief of World Health Organization (WHO) said here on Thursday, expressing his deep concern about the spread of the c

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Bank of Canada cut interest rate over concern of COVID-19 outbreak

The Bank of Canada announced on Wednesday to cut its interest rate to 1.25 percent from 1.75 percent on Wednesday. The Canada's central bank said that the cut is meant to help tackle the COVID-19 ou

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China to provide support to countries with weaker health systems: FM spokesperson

China will provide support within its capacity to countries with weaker health systems to help them strengthen their epidemic prevention and control capabilities, a foreign ministry spokesperson s