Thursday, July 09, 2020
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Economic

Mbale District COVID-19 Task Force has threatened to close all supermarkets in the municipality for failing to observe the Standard Operating Procedures aimed at containing the spread of the virus.

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Economic

Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.

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Economic

A California employment panel rejected a funding request from Elon Musk's SpaceX after its billionaire founder defied a San Francisco Bay area health order and threatened to move Tesla Inc.'s headquarters out of the state.

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Economic

China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter told Reuters News Agency, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing.

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Economic

Dismissing calls for blanket debt relief for African nations, 25 private creditors with more than $9 trillion in assets under management have banded together to influence debt restructuring efforts throughout the continent for countries whose finances have been sorely pressured by the coronavirus pandemic.

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Economic

The city motorcycle riders while in Kamwokya a Kampala suburb came out to oppose the registration system resembling one imposed on the taxis even though some of them have agreed to abide by the rules.

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Economic

Germany's economy contracted in the first quarter at its sharpest rate since 2009 with worse expected by mid-year, as coronavirus lockdowns ravage business activity. But Europe's largest economy is weathering the fallout from the pandemic better than other EU states where outbreaks have been more disruptive.

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Economic

Japan's economy slipped into recession for the first time in four-and-a-half years, putting the nation on course for its deepest post-war slump as the coronavirus crisis ravages businesses and consumers.

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Economic

The depth and breadth of the damage inflicted on the United States economy by coronavirus lockdown measures came into sharp, painful focus on Friday with government figures showing a record 20.5 million Americans lost their jobs in April. 

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Economic

Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by continuing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the coronavirus pandemic spreading.

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