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Iran launches cash handout scheme covering 30 mln for four months
Nov 22, 2020 03:02The Iranian government has launched a comprehensive cash handout scheme covering 30 million people for the next four months amid a fresh round of nationwide restrictions on economic activity which are meant to curb the spread of the coronavirus.
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US worst fears have come true: With no sign of federal relief, nursing home industry study shows surge in COVID-19
Nov 20, 2020 16:29A new study shows that weekly COVID-19 cases in US nursing homes have reached record numbers this month (November) and traces the spike to community spread outside the facilities. According to Johns Hopkins University, weekly new cases of COVDI-19 rose 140% in the first week of November, with more than 572,000 Americans infected.
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Exchange rates have been stable in COVID crisis – are we heading for a storm?
Nov 20, 2020 16:27The second wave of the coronavirus is currently hitting Europe harder than the US, but this pattern may soon reverse as winter sets in, particularly if America’s post-election interregnum paralyses both health and macroeconomic policy. And although officials claim the US still has capacity to provide much-needed disaster relief to hard-hit workers and small businesses, the growing share of US public and corporate debt in global markets suggests longer-term fragilities.
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Iran registers 13,260 new coronavirus cases in 24 hours
Nov 20, 2020 09:40Iran registered 13,421 new coronavirus infections in the past 24 hours, the health ministry said on Friday, bringing the country’s overall tally to 828,377.
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Poorer countries may have to wait years for a COVID vaccine
Nov 20, 2020 04:41Disparities in global vaccine sales and distribution exacerbated by propriety control of manufacturing technologies are expected to create a “global vaccine apartheid,” in which wealthy countries distribute COVID-19 vaccines within their borders for months, if not years, before poorer nations have access.
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US labor market losing steam as COVID-19 rages
Nov 20, 2020 04:09The number of Americans filing first-time claims for jobless benefits rose last week, likely as new business restrictions to control spiraling COVID-19 infections unleashed a fresh wave of layoffs, which could further slow the labor market recovery.
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Dollar may crash after COVID-19 vaccine rollout: Citibank
Nov 20, 2020 03:05The American bank Citibgroup has predicted that the imminent rollout of vaccines to fight the coronavirus pandemic might cause a major crash in the value of the US dollar.
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Iran goes into two-week lockdown amid a surge in COVID fatalities
Nov 19, 2020 14:33As daily infections and deaths from Coronavirus are setting new records in Iran, the government has finally made the hard decision; Tehran and 150 other high-risk cities will go into a full lockdown.
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Denmark says mutated coronavirus from mink farms most likely extinct
Nov 19, 2020 14:32A new, mutated strain of the novel coronavirus stemming from mink fur farms in Denmark is "most likely" extinct, the health ministry says, amid fears the new strain could compromise COVID-19 vaccines.
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Global debt rose sharply in first 9 months of 2020 amid pandemic
Nov 19, 2020 12:16Global debt increased at a breakneck pace in the first nine months of the year as governments and companies continue to spend in response to the COVID-19 pandemic, new research shows.