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U.S. Fed says policy appropriate, risks to economy receding

The U.S. Federal Reserve said on Friday that the current stance of monetary policy was appropriate as downside risks to the U.S. economy had receded."Downside risks to the U.S. outlook seem to hav

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Indexes drop from record highs, but tally strong weekly gains

Wall Street fell from record levels on Friday after a four-day rally as investors digested the monthly U.S. jobs report and braced for the next coronavirus developments, but stocks still posted so

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Osaka suffers woeful Fed Cup return

Naomi Osaka's return to Japan's Fed Cup team after a year's absence turned sour on Friday as the world No. 10 suffered a thrashing at the hands of world No. 78 Sara Sorribes Tormo from Spain.The t

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Payback: Trump ousts officials who testified on impeachment

Exacting swift punishment against those who crossed him, an emboldened President Donald Trump on Friday ousted two government officials who had delivered damaging testi

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APD | Weekly top 10 hot news (February 1 - February 7)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | Trump impeachment: R

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Facebook’s Twitter account compromised, hacker group claims credit

There’s this brilliant feeling on Fridays if you’re a reporter when you think that all the things you have to write about are complete. You kickstart some work for Monday. Maybe you tighte

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'No way to know how long this might take': Coronavirus vaccine

01:39 The World Health Organization (WHO) has announced on Friday that it will seek to fast-track research into a vaccine for the novel coronavirus.But how long does it take to develop

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Yale University dean talks about coronavirus travel ban

00:47 The U.S. has temporarily banned foreign nationals who have visited China from entering the country, with a few exceptions. This means that many Chinese students who traveled back

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Global Business Daily

"Brexit has changed the format of how people see the SNP, see independence, a lot of people who were never interested in independence suddenly are now massively interested."Those were the words of a

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Putin hosts Belarus leader for further economic talks

Russian President Vladimir Putin hosted the leader of Belarus Friday for another round of difficult talks on closer integration amid mounting Russian economic pressure

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Catching up with B Capital, the fast-growing firm founded by Eduardo Saverin and Raj Ganguly

B Capital Group, formed in in 2015 by Facebook cofounder Eduardo Saverin and Raj Ganguly, formerly of Bain Capital, has been quietly building its business since closing its first fund with $360 millio

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3 unicorn takeaways from the Casper, One Medical IPOs

With Casper’s public offering earlier this week, we’ve closed the book on the first two venture-backed IPOs of note in 2020. Casper, joined by One Medical, carried over $870 million of pr

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ACLU says it’ll fight DHS efforts to use app locations for deportations

The American Civil Liberties Union plans to fight newly revealed practices by the Department of Homeland Security which used commercially available cell phone location data to track suspected illegal

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China's long-term improving trend for the economy will not change

A worker at a factory making vital raw materials for face masks in Hainan Province, February 6, 2020. [Photo: Xinhua] Editor's Note: Editor's Note: The following article is taken from the Chin

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What to expect when pitching European VCs

Fundraising is the single most important thing you can do for your business, but I know very few founders who enjoy the process.It’s inherently stressful: you’re running out of capital, which is why y

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The CIA wants to upgrade its cloud tech without DoD’s JEDI drama

The CIA is ready to update its cloud technology, and multiple reports this week indicated that the agency has begun a multi-billion-dollar procurement process. A CIA spokesperson was tight-lipped when

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China's railways transport over 35,000 tonnes of epidemic control supplies

China's railways have transported some 35,610 tonnes of supplies for prevention and control of the novel coronavirus outbreak as of 6:00 p.m. Thursday, said the China