Thursday, April 09, 2020
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Economic

United States stocks sold off sharply on Thursday. As large swings in the market continued due to uncertainty over the spread of the coronavirus and its economic fallout, shares of banks and travel companies lost value.

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Economic

Alphabet Inc's Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area work from home, after many were infected with the coronavirus in the region.

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Economic

Countries in Latin America and sub-Saharan Africa have taken out at least $152bn in oil, mineral and metal-backed loans from China since 2004, money that has contributed to crippling debt levels, according to a report on Thursday by a Washington-based non-governmental organisation.

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Economic

Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week's steep sell-off.

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Economic

Microsoft Inc said on Wednesday it does not expect to meet its quarterly revenue forecast for its Windows and personal computing business, joining Apple Inc in warning of the financial effects of the coronavirus outbreak.

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Economic

French automaker Citroën has unveiled the Ami, a tiny electric car that's designed from the outset to be as cheap as possible. The car isn't very fast and it looks a bit like a washing machine, but it only costs €6,000, or the equivalent of about $6,600.

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Economic

South African President Cyril Ramaphosa ascended to the office with the support of labour unions. On Wednesday, his government set the stage for a showdown with them after his finance minister unveiled a plan to dramatically slash public sector wages to rein in the country's rising debt.

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Economic

It is an odd moment for gold to be tumbling. One of the oldest and most-trusted safe havens in times of crises, gold typically rallies amid nasty stock sell-offs like the one that has gripped the world this week.

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Economic

Asian shares fell on Wednesday as a United States warning to Americans to prepare for the possibility of a coronavirus pandemic drove another Wall Street tumble and pushed yields on safe-haven Treasuries to record lows.

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Economic

Foreign investors are cutting their exposure to Asian markets at the fastest rate in years, as the coronavirus outbreak continues to spread globally.

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