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Pound hits record low against U.S. dollar on growing recession fears

The British pound plunged to a record low against the dollar on Monday as traders grow increasingly fearful of a deep UK recession after new finance minister Kwasi Kwar

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Sanxingdui Ruins-themed event to be held in Sichuan

An event themed on the prehistoric Sanxingdui Ruins will be held on Friday in southwest China's Sichuan Province.The event, scheduled at the Sanxingdui Museum in the city of Guanghan, is set to in

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Porsche raises stake in electric car and components maker Rimac Automobili

Rimac Automobili, the Croatian company known for its electric hypercars and battery and powertrain development, has gained yet another investment from Porsche AG.Porsche said Monday it has invested 70

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Chinese officials unveil measures to meet demand amid Spring Festival

China's Joint Prevention and Control Mechanism of the State Council, a mechanism assembled in response to the novel coronavirus public health emergency, holds a press c

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Black, Hispanic communities struggle in COVID-19 vaccine rollout

03:32 The COVID-19vaccineroll-out continues across the U.S.,although the number of vaccinations being administered is well behind schedule.President-elect Joe Biden is set to unveil hi

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S. Africa to unveil $1.8 billion infrastructure project

The South African government will unveil its first project in its 2.3 trillion-rand ($139 billion) infrastructure program. /Getty Images The South African government will unveil its first proj

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Canada to announce retaliatory measure against U.S. aluminum tariffs

Canadian Prime Minister Justin Trudeau said Tuesday Canada will unveil retaliatory measures to counter "unjust" American aluminum tariffs.In a statement, Trudeau said h

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France delays launch of COVID-19 economic reboot plan to September

The French government said on Saturday it would unveil details of its 100 billion euro ($118 billion) plan to reinvigorate the economy in the first week of September, i

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New Development Bank provides South Africa with $1 billion loan

The New Development Bank established by the BRICS group of emerging nations has approved a one-billion-U.S. dollar COVID-19 emergency loan to South Africa to help reduce the socioeconomic impact o

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Iran outperforms Europe, U.S. in COVID-19 response despite sanctions: minister

Despite U.S. sanctions, Iran has done a much better job in response to the COVID-19 pandemic, an Iranian minister was quoted as saying by Tasnim news agency on Sunday.

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North Macedonia adopts three-phase plan to ease lockdown measures

North Macedonia adopted a three-phase plan to ease the coronavirus lockdown, the government said Tuesday in a statement. Speaking at a press conference, Prime Minister Oliver Spasovski said that the

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China to take more steps to support enterprises, secure jobs

China will unveil and further improve policies and step up efforts to support enterprises and secure job positions, according to a State Council executive meeting on W

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Italy's hard-hit region of Lombardy begins COVID-19 antibody testing

The Italian region of Lombardy, the part of the country hardest hit by the global coronavirus outbreak, began antibody testing on Thursday as part of a strategy to set the table for the gradual reop

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France's coronavirus fatalities up by 531 to nearly 21,000

France, which plans to unwind some restriction measures from May 11, registered 531 more COVID-19 deaths on Tuesday as hospitalisation-related figures pursue a slow decline. Hospitals and nursing hom

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Watch Sony unveil the PlayStation 5 live right here

A couple of days after Microsoft unveiled a ton of info about the Xbox Series X, Sony is about to do the exact same thing in a live video. Sony is hosting a live broadcast about the PlayStation 5 tod

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UK's biggest airports ask for help as possible closure looms

Britain’s biggest airports including Heathrow and Gatwick have written to Prime Minister Boris Johnson to ask that any government support for the aviation industry shou

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Bank of England cuts main interest rate to 0.25 pct

The Bank of England cut its main interest rate from 0.75 percent to 0.25 percent on Wednesday as part of a package of measures to cushion the impact of COVID-19. At a special meeting which ended on T