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China Ningbo containerized freight index (Red Sea routes) soars

The China Ningbo Containerized Freight Index (NCFI) reported a sharp rise in the Red Sea routes. The NCFI, reflecting freight rate changes of 21 routes departing from the Ningbo-Zhoushan port, sto

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China suspends imports from U.S. meat processor Tyson Foods

China's customs authority has suspended imports of poultry meat from U.S. firm Tyson Foods starting Sunday, said the General Administration of Customs in a statement.The meat processor recently re

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UK plans emergency cut in value-added tax: The Times

British Finance Minister Rishi Sunak is ready to cut the value-added tax (VAT) as part of the government's latest efforts to tackle economic fallout from the coronavirus outbreak, the Sunday Times ne

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U.S. virus layoffs top 45 mln as 1.5 mln file new jobless claims

Another 1.5 million U.S. workers filed for unemployment benefits last week, the Labor Department said Thursday, bringing the number of people laid off, at least temporarily, by COVID-19 to 45.7 milli

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Beijing to resume municipal sports after emergency response lowered

Beijing will resume municipal sports from Saturday after it has lowered its emergency response to the novel coronavirus epidemic from the second level to the third level. Beijing Municipal Bureau of

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U.S. to temporarily suspend immigration into the country

U.S. President Donald Trump said Monday night that the U.S. will temporarily suspend immigration into the country."In light of the attack from the Invisible Enemy, as well as the need to protect the

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Egypt confirms 112 new COVID-19 cases, 3,144 in total

Egypt recorded on Sunday 112 new COVID-19 infections and 15 deaths, bringing the total number of confirmed cases to 3,144 in the country. The death toll in the country increased to 239, said a stat

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All Egyptians returning home from abroad to be quarantined over coronavirus concerns

All Egyptian nationals returning from abroad will have to be placed under quarantine once they arrive home, Egyptian Migration Ministry said on Tuesday. The Ministry of Health decided that all Egypt

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U.S. Fed to allow foreign central banks to swap debt for cash

The Federal Reserve announced a new facility Tuesday that will allow foreign central banks to temporarily swap debt holdings for U.S. dollars.

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COVID-19 cases in Philippines exceed 1,000, with 272 new cases recorded

The number of COVID-19 cases in Philippines has exceeded 1,000, with 272 new cases reported on Saturday, the biggest rise in a single day. The Department of Health said the country's total is now at

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Iran temporarily releases some 70,000 prisoners due to COVID-19

A nurse wears protective gear in a ward dedicated for people infected with the novel coronavirus, at a hospital in Tehran, Iran, March 8, 2020. /AP Iran has temporarily released approximately

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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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Trump speaks over phone with Germany's Merkel on Libya, Middle East

U.S. President Donald Trump has spoken over phone with German Chancellor Angela Merkel on Libya and the Middle East, said the White House on Monday. The two leaders on Sunday discussed ongoing regio