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EU envoys back plans to allow vaccinated holidaymakers to visit bloc

FILE PHOTO: People board a ferry at the port of Vulcano on the island of Vulcano island, in the Sicylian Aeolian archipelago. /Getty Images European Union countries agreed on Wednesday to ease

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German FM Maas, US Secretary of State Blinken Discuss Russia, Middle East, and Nord Stream 2

During a recent phone conversation, German Foreign Minister Heiko Maas and US Secretary of State Antony Blinken discussed a range of issues, including Russia, Europe's

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China supports developing countries' calls to waive vaccines IP rights

China completely understands and supports developing countries' appeals for waiving IP rights for COVID-19 vaccines, Chinese Foreign Ministry spokesperson Zhao Lijian s

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U.S. backs waiving international IP protections for COVID-19 vaccines

03:29 The World Trade Organization (WTO) is calling for vaccine makers to waive their intellectual property rights. But several Western countries have so far rejected the move, as big p

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China central SOEs to cut rents for small businesses

China's central state-owned enterprises (SOEs) have been asked to reduce or waive rents for small businesses in a bid to cut the latter's operating costs and bolster the slowing economy, according t

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Uber axes 3,700 jobs as pandemic hits business

Uber has announced it is to cut 3,700 jobs as the coronavirus takes its toll on the ride-hailing business.The company also said in a stock market filing that chief executive Officer Dara Khosrowshahi

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WeWork co-founder Adam Neumann accuses SoftBank of abusing its power in new lawsuit

WeWork co-founder Adam Neumann accused Softbank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender o

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VR telemedicine platform XRHealth raises $7 million

As the pandemic pushes more investors towards examining opportunities in telemedicine, a VR startup building out a platform for remote treatment has closed on new funding.XRHealth tells TechCrunch tha

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Brazil Senate approves state of emergency to fight coronavirus

Brazil's Senate on Friday approved a presidential decree declaring a national emergency over the coronavirus pandemic, allowing the government to waive fiscal targets and free up budget resources

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Uber suspends Uber Pool shared rides in the U.S. and Canada to help limit coronavirus spread

Uber has suspended its shared ‘Uber Pool’ class of rides, the company announced on Tuesday. The Uber Pool option would match up to three passengers together in one vehicle based on their

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Trump declares national emergency to open up federal fund to combat coronavirus

U.S. President Donald Trump on Friday declared a national emergency to open up 50 billion U.S. dollars in federal aid to help combat the spread of COVID-19 across the country. "I am officially decla

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China waives credit report inquiry fee for financial institutions

China's central bank would exempt service charges on enterprise and individual credit report inquiry for 10 types of rural, private and micro and small financial institutions.The fee exemption, ai

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East China province to cut taxes, fees for epidemic-hit businesses

The provincial government of east China's Jiangsu has released a slew of policies to reduce taxes and fees totaling nearly 75 billion yuan (about 10.7 billion U.S. dol

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Alibaba, Ant Financial to lower costs for SMEs amid anti-virus campaign

Chinese e-commerce giant Alibaba and fintech firm Ant Financial announced 20 measures Monday to mitigate the impact of the novel coronavirus outbreak on small and medi

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China announces measures to support SMEs amid epidemic

China will step up fiscal and financial support to the country's small and medium-sized enterprises (SMEs) as they resume production after a Spring Festival holiday hi

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China waives service charges for cross-bank withdrawals in Hubei

Chinese card payment giant China UnionPay on Monday announced to waive service charges for cross-bank cash withdrawals in virus-stricken Hubei Province throughout the

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APD | South Korea’s tourism to be hit hard by Wuhan coronavirus outbreak

By APD writer AliceSouth Korea's tourism industry is forecast to be hard hit by the outbreak of new coronavirus in Wuhan as locals cancel their overseas trips and visit