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Virus, joblessness raises concerns of strangled US recovery
Jun 25, 2020 12:39Claims for benefits from newly laid-off workers remain stubbornly high in the United States, amid fears the resurgent coronavirus could reverse the economy's progress.
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Emerging markets are awash in confidence
Jun 25, 2020 05:48Emerging markets head into the final full week of the first half buoyed by confidence the global liquidity rush will keep risk assets supported even as the COVID-19 pandemic shows no signs of letting up. Developing-nation stocks are approaching their highest level since March, while dollar-denominated bonds have just clocked up an eighth week of gains.
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WHO reports largest single-day increase in confirmed coronavirus cases
Jun 25, 2020 05:29The World Health Organization (WHO) announced this week that Sunday saw the highest number of new cases of coronavirus across the globe since the pandemic began. More than 183,000 new cases were reported within a 24-hour time period around the world, WHO said, with Brazil tracking the highest amount during that time, counting 54,771 new cases. The United States had the second-highest single-day increase, according to WHO statistics, with 36,617 new cases during that period.
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US hits highest single-day total in coronavirus cases
Jun 25, 2020 04:28The US states of California, Texas and Florida have reported a record number of new cases of coronavirus infection in one day as hospitals beds are filling up again, with experts warning about a sharp surge in COVID-19 cases across the country.
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Global health experts alarmed at signs US has “given up” fight against COVID-19
Jun 24, 2020 16:28Global public health experts are looking on in “alarm and disbelief” as the U.S. economy reopens even as Covid-19 case numbers continue to rise in a number of states, with President Donald Trump signaling he has no intention of calling for more economic shutdowns regardless of the outcome.
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Rouhani: Iran, North Korea need to stand strong against US as common enemy
Jun 24, 2020 12:31President Hassan Rouhani says Iran and North Korea need to stand stronger than ever against the US’ bullying and excessive demands.
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European stocks slide amid fears of new coronavirus wave
Jun 24, 2020 10:42A surge in the number of coronavirus infections around the world has pushed European stocks down from a two-week high as investors turned cautious amid fears of a new wave of COVID-19.
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Pilots in Pakistan air crash distracted by coronavirus worry: Report
Jun 24, 2020 09:07The pilots of a Pakistan airliner that crashed last month, killing 97, were distracted and preoccupied as they talked about the coronavirus pandemic while preparing for an initial failed landing bid, the country’s aviation minister told parliament as he presented an initial report on the disaster.
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UK debt is bigger than economy for first time since 1963
Jun 24, 2020 05:48Britain’s public debt is larger than the size of the country’s economy for the first time since 1963, after the government borrowed a record £55 billion in May. The total level of debt has risen by £173 billion over the last year to reach £1.95 trillion, or 100.9 percent of GDP, as ministers introduced unprecedented support for businesses and households during the coronavirus crisis.
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IRGC to finish incomplete hospital projects in Iran
Jun 24, 2020 04:24Iran’s Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps (IRGC), plans to complete the unfinished hospital projects across Iran.