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European virus hotspots see record lows in numbers of new cases

Some countries are preparing to ease coronavirus restrictions after record lows in the numbers of new cases.France, Italy and Spain have registered the lowest daily dea

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China calls for zero tolerance on illegal practices in capital market

People walk at an industrial park in Yongchuan District of Chongqing, southwest China, March 18, 2020. /Xinhua Financial entities must resolutely safeguard investor interests, tighten market d

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The Problem With MMT

Editor's note: Willem H. Buiter is a former chief economist at Citigroup and a visiting professor at Columbia University. The article reflects the author's opinions, and not necessarily the views

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Spain starts to ease COVID-19 lockdown to boost economy

Spain on Monday began to lift its stringent coronavirus lockdown as the first step in its four-stage plan to return to a "new normal" after the disease infected more than 218,000 and killed over 2

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Shanghai reports 2 imported COVID-19 cases

Shanghai reported two imported cases of the novel coronavirus disease (COVID-19) and zero increase in locally transmitted COVID-19 cases on Sunday, the municipal healt

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Michael Jordan's six NBA championships: 1992, breaking all doubts

Michael Jordan, #23 of the Chicago Bulls, celebrates victory in Game 6 of the NBA Finals against the Portland Trail Blazers at the United Center in Chicago, Illinois, June 14, 1992. /AP Having

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Roundup: U.S. stocks post modest weekly losses amid gloomy data, Fed decision

Video: Fed Chairman Jerome Powell on April 29 told a press conference that "Overall, economic activity will likely drop at an unprecedented rate in the second quarter."

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Taiwan adds three COVID-19 cases after six days of zero reports

TAIPEI, May 2 (Xinhua) -- Three more people tested positive for the novel coronavirus disease (COVID-19) in Taiwan after the island reported no new cases for six consec

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Commentary: Less infected Italian city Prato refutes China-bashing with facts

Facing such a rampant pandemic like the novel coronavirus disease, less infection means more lives are saved and a bigger chance of winning by the human side. While mo

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Xinhua Headlines: How Italy's biggest Chinese community emerges unscathed from coronavirus

-Zero COVID-19 infection has been reported in the Chinese community in Prato, one of Italy's largest Chinese communities.-"The Chinese community immediately took the virus very seriously and this was

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China extends Labor Day break to spur economy after months of lockdown

China has extended the Labor Day break to five days this year to encourage tourism and consumption after months of lockdown due to the novel coronavirus outbreak, a Chinese economist told CGTN.It is

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COVID-19 Frontline: When can patients be discharged from the hospital?

Editor's note: On March 12, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic, and as of Saturday (May 2), about 200 countries and regions have con

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As countries struggle to reopen, here is what China is doing

Editor's note:CGTN's First Voice provides instant commentary on breaking stories. The daily column clarifies emerging issues and better defines the news agenda, offering a Chinese perspective on t

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Hong Kong reports 2 more confirmed COVID-19 cases, after zero infection for 5 days

Hong Kong's Center for Health Protection (CHP) reported two newly confirmed COVID-19 cases on Friday, taking the total cases in China's Hong Kong Special Administrativ

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Alcohol abuse: Has lockdown isolation led to a spike in drinking?

02:56 Life under COVID-19 lockdown has been more tough for some than others – and more alcohol drunk could be a negative consequence.The World Health Organization (WHO) is worried soci

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'W-shaped' recovery may be too optimistic, Fed's Powell suggests

Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting – one that sees business activity stop and start for months to come, unti

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Roundup: Wall Street notches best monthly gains in decades

Video: The closing bell is rung at the New York Stock Exchange on April 30, 2020, New York, the United States. (Xinhua/Zhang Mocheng) The solid monthly gains came despite more data showed the COVID-1