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Australian state extends state of emergency as coronavirus cases spike

Australia's second most populous state Victoria on Sunday extended its state of emergency for four more weeks to July 19, as it battles a spike in coronavirus infection

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Dow plunges over 1,800 points as Wall Street suffers worst day since March

A trader wearing a face covering works on the trading floor of the New York Stock Exchange in New York, the United States, on May 26, 2020. (Colin Ziemer/NYSE/Handout via Xinhua)The major averages of

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French economy to shrink by 10% this year, recovery mid-2022

A glance at La Defense financial district and Avenue des Champs-Elysees in Paris, France. /VCG The French economy will likely shrink about 10 percent this year due to the coronavirus pandemic

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China's Gansu opens new road-rail freight service

A China-Europe freight train loaded with household appliances set off Friday from Lanzhou, capital of northwest China's Gansu Province to Tashkent, capital of Uzbekist

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WHO official warns against using hydroxychloroquine outside clinical trials

A senior official of the World Health Organization (WHO) on Wednesday warned against using hydroxychloroquine or chloroquine, the drugs for malaria and other diseases,

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Oil prices fall 1% as glut weighs

VCG Oil prices opened about 1 percent lower on Sunday as a persistent glut continued to weigh on prices and the coronavirus pandemic eroded global oil demand even as some governments began to

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Update: U.S. Fed keeps interest rates near zero amid COVID-19 fallout

Photo taken on March 23, 2020 shows a U.S. dollar banknote in Washington D.C., the United States. (Xinhua/Liu Jie)"The ongoing public health crisis will weigh heavily on economic activity, employment,

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China supports overseas market regulators to probe Luckin Coffee fraud

Chinese securities regulator said Monday it has communicated with the U.S. Securities and Exchange Commission on cross-border supervision of coffee chain retailer Luckin Coffee's fraud.The China Secu

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'First in, first out,' China's recovery to be gradual: Morgan Stanley

01:23 Editor's note: COVID-19: Economic Analysis is a series of articles comprising experts' views on developing micro and macroeconomic situations around the globe amid the COVID-19 p

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Wall Street jumps as hopes for easing lockdown offset earnings worry

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan in New York City, New York, U.S., April 13, 2020. /VCG U.S. stocks jumped on Tuesday as optimism that th

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German academy proposes conditioned easing of COVID-19 restrictions

Public life in Germany may gradually return to normal on the prerequisite that certain conditions are met, according to recommendations presented on Monday by Germany's National Academy of Sciences

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Why AI startups’ economics will likely improve over time

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.If you can recall February, we dug into the question of AI startup gross margins.

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HKSAR gov't preparing more comprehensive support for COVID-19-hit businesses: official

The Hong Kong Special Administrative Region (HKSAR) government financial secretary said Sunday that the government is preparing for relief measures that can benefit mo

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U.S. Fed cuts rates to near zero amid coronavirus fears

The U.S. Federal Reserve on Sunday cut its benchmark interest rate by a full percentage point to near zero and will increase its bond holdings by at least 700 billion

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Manny Pacquiao announces decision to return to the ring in July

Manny Pacquiao poses on the scale during his official weigh-in at the MGM Grand Garden Arena in Las Vegas, Nevada, July 19, 2019. /VCG Manny Pacquiao, the world's one and only boxing champion

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U.S. Fed cuts rate by 50 basis points amid COVID-19 concerns

U.S. Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington D.C., the United States, on Jan. 29, 2020. (Xinhua/Liu Jie) TheFed judged that "the risks to the U.S. outl

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Fed cuts rates over fear of economic impact of a coronavirus outbreak

A trader passes a hand sanitizing station on the floor of the New York Stock Exchange, Tuesday, March 3, 2020. Federal Reserve Chairman Jerome Powell noted that the coronavirus "poses evolving ri