Monday, April 06, 2020
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Economic

President Donald Trump is considering measures to reopen the United States economy, even as the highly contagious coronavirus is spreading rapidly and hospitals are bracing for a wave of virus-related deaths.

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Economic

Amazon.com Inc has said it is raising overtime pay for associates working in its United States warehouses, as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home owing to the coronavirus outbreak.

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Economic

The United Kingdom's new finance minister Rishi Sunak will pledge billions of pounds to fight the effects of coronavirus on Wednesday, and the Bank of England might add its firepower to the attempt to stave off the risk of a new recession.

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Economic

Since Lebanon was placed on lockdown to curb the spread of coronavirus, cash-strapped banks have cut access to dollars for depositors already separated from much of their savings by months of tightening controls.

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Economic

The global business travel sector is expected to take a revenue hit of about $820bn, with China accounting for nearly half of the losses, as corporates curb travel plans in the face of the coronavirus epidemic, an industry body said on Tuesday.

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Economic

The nightmare in the oil industry keeps getting worse. It's now facing the weakest oil price since the first term of President George W. Bush.

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Economic

Tata Steel Europe is planning to cut 1,250 jobs as it faces "challenging circumstances" and "needs to urgently improve profitability", Chief Executive Officer Henrik Adam said in an internal memo seen by Reuters news agency on Tuesday.

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Economic

Inside oil-rich Saudi Arabia, Mohammed bin Salman is both feared and loved. in the past few days, the world has witnessed what his subjects have come to know.

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Economic

The greenback faces the same fate as many travellers returning home from China and other coronavirus hot spots.

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Economic

The Bank of England (BoE) unexpectedly cut interest rates by half a percentage point to 0.25 percent on Wednesday in a move to bolster the United Kingdom's economy against disruption caused by the coronavirus outbreak.

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