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Five global oil giants cut assets by $50 billion in Q2

The world's five largest oil companies collectively cut the value of their assets by nearly 50 billion U.S. dollars in the second quarter, and slashed production rates as the coronavirus pandemic

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China to step up garbage sorting, sewage treatment in urban areas

Two children learn about garbage sorting rules during a waste management awareness campaign at a residential community in Dongcheng District of Beijing, capital of Chin

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The new 'non-cuttable' material that mimics nature

A new ultra-strong material has been developed that is resistant to power tools and was inspired by a grapefruit and a seashell.Stefan Szyniszewski, of Durham University, told how he had researched t

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S.Korea's foreign reserves continue to rise for 4 months

South Korea's foreign reserves continued to rise for four straight months as the weak U.S. dollar raised the conversion value of non-dollar assets, central bank data s

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China moves to complete building moderately prosperous society with solid efforts: official

China has made great strides in completing the building of a moderately prosperous society, or "Xiaokang," in all respects, said an official with the country's top economic planner. The country ha

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China's factory activity rebounds to highest level in nearly a decade

01:36 The Caixin/Markit manufacturing Purchasing Managers' Index (PMI) came in at 52.8 for July, marking its third straight month of expansion. It was also the fastest pace of growth i

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Hong Kong sees capital inflows worth 14 bln USD since April: monetary authority

More than 109 billion Hong Kong dollars (about 14 billion U.S. dollars) have flowed into Hong Kong's monetary system since April, the Hong Kong Monetary Authority (HKM

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Huawei overtakes Samsung as top handset maker, thanks to China sales

China's Huawei Technologies snatched the title of biggest smartphone seller from Samsung Electronics in the second quarter, underscoring the Chinese market's resilience even as global demand for p

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Political advisors discuss improving epidemic prevention mechanism

Chinese national political advisors discussed improving the country's prevention and control mechanism for major epidemics at a bi-weekly seminar on Friday. The semina

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Premier Li urges efforts to strengthen development of new urbanization

Premier Li Keqiang on Wednesday called for more efforts to strengthen the development of a new urbanization model, improve weak links and expand domestic demand to improve people's livelihoods. Li ma

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June: Japan exports dive by 26.2%, raising risk of prolonged downturn

Japan's exports plunged at a double-digit pace for the fourth month in a row in June, backing signs the coronavirus crisis has knocked the economy into its worst postwar recession and raising the

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Greek PM calls for deal on COVID stimulus, says EU cannot appear weak

Greek Prime Minister Kiriakos Mitsotakis said on Sunday he hoped the third day of EU leaders’ summit will manage to overcome differences and agree on a mass economic st

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Taiwan 2020 economic growth forecast downgraded

A leading research institution in Taiwan on Wednesday lowered its forecast for the island's 2020 economic growth to 1.15 percent, from the 2.58-percent estimate made i

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UK economy begins tepid recovery in May after record slump

Britain's economy took a first step on the long road to recovery from the COVID-19 crisis in May, as activity began to pick up after lockdown restrictions began to ease, but there was less of a re

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Muji's U.S. business seeks bankruptcy protection over coronavirus

Minimalist lifestyle brand Muji's U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavi

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German exports rebound less than expected in May

German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus, data published on Thursd

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National security law to boost good governance in Hong Kong: experts

The newly adopted law on safeguarding national security in the Hong Kong Special Administrative Region (HKSAR) will definitely boost good governance in Hong Kong, Chin