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Mobile banking startup Varo is becoming a real bank

Mobile banking startup Varo is becoming its own bank. The company announced on Friday it has been granted a national bank charter from the Office of the Comptroller of the Currency (OCC) and secured r

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Commentary: Hong Kong has motherland's resolute backing to triumph over epidemic

Staff members work at a makeshift hospital for COVID-19 patients at the AsiaWorld-Expo in south China's Hong Kong on Aug. 1, 2020. (Xinhua/Wu Xiaochu) BEIJING, Aug. 2 (Xinhua) -- The raging COVID-19

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Postponing Hong Kong LegCo election reasonable, legitimate decision: Tung Chee-hwa

The postponement of the 2020 Legislative Council (LegCo) General Election of the Hong Kong Special Administrative Region (HKSAR) is a reasonable and legitimate decisio

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French cities given power to make masks compulsory in public

Lille is close to the border with Belgium, which has been one of the European countries worst-affected by the pandemic. /AFP/Denis Charlet. France has granted local governments the power to ma

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Postponing Hong Kong LegCo election reasonable, legitimate: central gov't office

The Chinese central government fully understands and supports the Hong Kong Special Administrative Region (HKSAR) government's decision to postpone the Legislative Cou

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WHO warns partying youngsters not to 'let down guard' on COVID-19

Revellers jump and dance in a swimming pool during the Arenal Sound Music Festival in Burriana on July 31, 2019. /CFP Young people letting down their guard to enjoy the summer holidays are par

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U.S. equities post weekly losses amid coronavirus concerns, earnings

Wall Street's major averages declined in the week as investors pored through a new wave of earnings reports while grappling with fears over the soaring coronavirus cases in the United States. For

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Daimler posts net loss of 1.9 bln euros in Q2 due to COVID-19 hit

German carmaker Daimler posted a net loss of 1.9 billion euros (2.2 billion U.S. dollars) in the second quarter (Q2) of 2020, and said on Thursday that the overall result was "strongly influenced

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How analyzing wastewater can control localized COVID-19 spikes

02:32 From swab tests and track-and-trace apps to therapeutic drug trials and the ongoing search for a vaccine, developing ways to fight and control COVID-19 continue apace.Analyzing w

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18 terrorists killed as Egyptian army thwarts terror attack in North Sinai

File Photo: People wearing face masks are seen in Cairo, Egypt, on June 12, 2020. (Xinhua/Ahmed Gomaa) Egypt's army announced on Tuesday that it killed 18 terrorists as its forces thwarted a majo

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France not banning Huawei from 5G, says minister

French Minister of Economy and Finance Bruno Le Maire said on Tuesday that France is not banning China-based tech company Huawei from investing in its next-generation

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LinkedIn cuts 960 jobs as pandemic hits demand for hiring

UK staff will be among those affected by the cuts at the California-based firm, which is owned by tech giant Microsoft.

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Australia extends stimulus spending as 'COVID recession' looms

A view of Sydney, Australia. /VCG Australia will extend record stimulus spending into next year, the government announced Tuesday, outlining multi-billion-dollar measures to shield the labor m

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Aussie mining giant BHP posts record iron ore output on strong Chinese demand

Australian mining giant BHP has recorded its largest quarterly output of iron ore ever from the company's Western Australian (WA) operations, due to strong demand from Chinese steel mills. BHP sai

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Floods in India, Nepal displace nearly 4 mln people, over 189 dead

03:21 Nearly four million people in India's northeastern state of Assam and neighboring Nepal have been displaced by heavy flooding from monsoon rains, with dozens missing as deaths ro

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Australia PM delays parliament as coronavirus spreads

Australian Prime Minister Scott Morrison on Saturday delayed the opening of parliament for several weeks as the new coronavirus continued spreading through the country’

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Germany readies stricter lockdowns to ward off second COVID-19 wave

A shopping street in Gelsenkirchen, Germany, Monday, 20 April./AP Germany's federal and regional governments on Thursday agreed on stricter lockdown measures in a bid to contain local outbreak