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IMF warns banks to struggle for profitability through 2025

The International Monetary Fund (IMF) said in a report on Friday that the COVID-19 pandemic has exposed and worsened pre-existing financial vulnerabilities, noting that profitability will be a persis

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Trump calls on churches to 'open right now'

US President Donald Trump. /REUTERS. At a White House press briefing, US President Donald Trump called on places of worship to "open right now" and said he had deemed them "essential"."In Amer

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EU states vow to respect overflight treaty despite US plans

Ten European Union countries on Friday expressed regret at U.S. plans to withdraw from an international treaty allowing observation flights over more than 30 countries

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U.S. Senate passes bill that could delist Chinese firms from exchanges

The U.S. Senate passed legislation on Wednesday that could ban some Chinese companies from listing their shares on U.S. exchanges.Under the legislation titled Holding Foreign Companies Accountable

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Turkey expands lira swap facility with Qatar in $10bn deal

The lira hit a record low of 7.49 to the dollar earlier this month. /VCG Qatar has thrown a lifeline to the COVID-19-hit Turkish economy by agreeing to increase its currency swap facility.The

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Polestar to open first U.S. stores in the second half of 2020

Polestar’s first U.S. retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to brin

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Marco Rubio tapped as acting chair for U.S. Senate intel panel

U.S. Senate Majority Leader Mitch McConnell announced on Monday that he's tapping Senator Marco Rubio as acting chairman of the chamber's intelligence panel. McConnell

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Google is piloting a simpler Nest Hub Max interface at retirement homes

Last week, Mount Sinai showcased how it’s started using Nest devices to monitor patients remotely. Today, Google’s showing off how the Nest Hub Max is helping retirement home residents feel a little l

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Huawei calls new U.S. rules discriminatory while seeking solutions

00:36 "The U.S. government has intentionally turned its back on the interests of Huawei's customers and consumers," the Shenzhen-based company said on Monday during its annual analyst

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Anitibody test suggests coronavirus hit U.S. in December 2019

Two residents of Snohomish County, Washington, have tested positive for antibodies against the novel coronavirus after developing symptoms similar to COVID-19 in December 2019, several weeks prior

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Justin Amash drops bid for U.S. presidency

FILE PHOTO: U.S. Representative Justin Amash (I-MI) departs after a series of votes at the U.S. Capitol in Washington, U.S. July 10, 2019. REUTERS/Jonathan Ernst/File Photo Justin Amash, a for

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Trump fires State Dept watchdog investigating Pompeo: lawmaker

U.S. State Department Inspector General Steve Linick. /Reuters U.S. President Donald Trump late Friday fired a government watchdog who had opened an investigation into Secretary of State Mike

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Korean Air to impose face mask requirements on all passengers

South Korea's flag carrier Korean Air said Friday it will require all passengers on domestic routes to wear face masks during travel starting next Monday in an effort to curb the spread of the nov

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Expert urges Australia to step out of U.S. footsteps

A leading expert of strategic studies in Australia warned the country not to allow its China policy to be dictated by Washington. In an opinion piece published by the

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Sen. Richard Burr steps down as Intelligence Committee chairman

Senator Richard Burr (R-NC) listens to testimony during the Senate Committee for Health, Education, Labor, and Pensions hearing to examine COVID-19 and Safely Getting Back to Work and Back to Sch

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U.S. studies show coronavirus stays in air for 8 minutes after talking

U.S. President Donald Trump looks over at National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci as CDC Director Robert Redfield looks on as the president returns to the

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Why is COVID-19 more lethal in American nursing homes?

A patient is loaded into an ambulance at the Life Care Center in Kirkland, Washington, near Seattle, March 10, 2020 /AP Editor's note: Su Yi is a journalist with China Plus. The article reflec