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US weekly jobless claims increase more than expected
Jan 14, 2021 12:57The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.
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China logs first virus death in 8 months as WHO huddles on new strains
Jan 14, 2021 10:28China recorded its first COVID-19 death in eight months on Thursday, as experts huddled to discuss worrying new strains of the coronavirus that are spreading rapidly around the globe.
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US COVID cases surpass 23mn with over 384,000 deaths; Los Angeles on verge of collapse
Jan 14, 2021 08:12The total number of COVID-19 cases in the United States has surpassed 23 million as of Wednesday evening, according to the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University.
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As spending climbs and revenue falls, coronavirus forces a global reckoning
Jan 14, 2021 06:13Around the globe, the coronavirus pandemic is racking up a mind-blowing bill: Trillions of dollars in lost tax revenue, ramped-up spending and new borrowing set to burden the next generation with record levels of debt. In the direst cases – low- and middle-income countries, mostly in Africa and Latin America, that are already saddled with backbreaking debt – covering the rising costs is transforming into a high-stakes test of national solvency.
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Boris Johnson describes ‘very very tough’ situation as Covid-19 deaths hit new record
Jan 14, 2021 05:25Prime Minister, Boris Johnson, has acknowledged the scale of the latest Covid-19 crisis by admitting the situation is “very, very tough” and the strain on the National Health Service (NHS) staff is “colossal”.
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Coronavirus in Iran: Around 650 new cases admitted to hospital
Jan 14, 2021 03:51The number of coronavirus patients who have been admitted to the hospital across Iran over the past 24 hours has dropped to 653, the Health Ministry’s spokeswoman said.
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More than 10,000 nurses praise Leader's wise positions on vaccine
Jan 13, 2021 10:15Over 10,000 Iranian nurses have lauded the “wise and strong” positions adopted by the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, regarding the coronavirus vaccine as well as the basic issues faced by nurses in the country.
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Are soaring markets and house prices an 'epic bubble' about to pop?
Jan 13, 2021 06:43Despite a purported satisfactory performance last week, shares in London still have some way to go before they reach their pre-crisis level. Here, the asset class that has defied the depressed state of the economy and the health emergency is residential property.
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More US lawmakers testing positive for coronavirus after Capitol breach
Jan 13, 2021 05:21A growing number of American lawmakers are testing positive for the coronavirus in the wake of the deadly breach of Capitol by pro-Trump protesters.
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New COVID variant found in South Africa raises concerns over impacts on vaccine
Jan 12, 2021 16:13Variant 501Y.V2 is believed to be behind a fast-growing coronavirus outbreak in South Africa’s Eastern Cape Province. Researchers first identified the variant in October 2020 in Nelson Mandela Bay, South Africa.