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UK applies to join Asia-Pacific trading bloc on Brexit anniversary
Jan 31, 2021 12:46A year after officially leaving the European Union (EU), the UK is set to apply to join a free trade area with Asia and Pacific nations on Monday (February 01), with negotiations expected in the spring.
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Oil falls on COVID-19-induced demand worries, stronger dollar
Jan 28, 2021 09:30Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger US dollar weighed on prices.
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Biden unveils $1.9 trillion plan as US recovery buckles
Jan 15, 2021 09:08President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from the sharp downturn caused by COVID-19 is flagging.
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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 extends debt relief to DR Congo amid COVID-19 crisis
Jan 07, 2021 06:59The Democratic Republic of the Congo says China has offered some debt relief in a bid to ease pressure on the central African country ravaged by the COVID-19 crisis.
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Trump signs pandemic relief bill after unemployment aid lapses
Dec 29, 2020 15:53President Trump on Sunday (27 Dec) abruptly signed a measure providing $900 billion in pandemic aid and funding the government through September, ending last-minute turmoil he himself had created over legislation that will offer an economic lifeline to millions of Americans and avert a government shutdown.
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Critics blast $600 stimulus checks that won’t cover 1 month’s rent for most Americans
Dec 24, 2020 16:52US Congressional leaders announced on Sunday, December 20 that a deal between Democrats and Republicans had been reached to provide significant aid to Americans struggling with the financial impact of the coronavirus pandemic.
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Fewer jobs, rising poverty: Scathing report finds Trump economic legacy 'one of the worst among all US Presidents'
Dec 24, 2020 16:48When US President Donald Trump departs the White House next month, he will leave in his wake a nation devastated by a pandemic he failed to confront and an economic scene characterized by rising poverty, widespread hunger, a looming eviction tsunami, and mass layoffs that have left the US with fewer jobs than when his administration began.
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The great divider: COVID-19 reflects global racism, not equality
Dec 24, 2020 16:37The COVID-19 pandemic has accentuated and, in fact, accelerated the sharp inequalities that exist in every society individually, and the world at large.
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Another 803,000 Americans filed for unemployment benefits last week
Dec 24, 2020 03:12Claims for unemployment benefits fell across most categories in Wednesday's Labor Department report. Still the job market recovery has stalled while more than 20 million Americans need aid to make ends meet.