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US purged another 5.2 million jobs last week
Apr 16, 2020 13:19Amid the worsening economic damage from the coronavirus pandemic, another 5.2 million US workers were jobless and sought unemployment benefits last week, the US regime reported Thursday.
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World economy 'may face double recession' amid coronavirus pandemic
Apr 16, 2020 07:37As the world economy is expected to suffer its worst year in 2020 since the Great Depression of the 1930s, another “possibly much worse downturn” is likely to follow.
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IMF says virus pandemic to unleash worst recession since Great Depression
Apr 09, 2020 13:38The coronavirus pandemic will trigger the worst fallout since the 1930s Great Depression, warns the IMF head.
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Economic experts warn climate crisis could spur financial crash like 2008 in US
Mar 18, 2020 15:09With markets currently in turmoil due to the coronavirus pandemic, US experts testified on Thursday that there is high risk for an even larger economic crisis absent urgent climate policy. A panel of economic experts brought this message to a handful of senators on Capitol Hill during a March 12 hearing convened by the Senate Democrats’ Special Committee on the Climate Crisis.
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Oil prices fall further 6 percent
Mar 12, 2020 08:37Oil prices have plunged a further six percent Thursday after US President Donald Trump announced travel restrictions on Europe to combat the spread of the coronavirus, ramping up fears of more recession.
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Malaysian PM welcomes Rouhani's cryptocurrency proposal alternative to US dollar
Dec 20, 2019 13:08Malaysian Prime Minister Mahathir Mohamad has said that he agrees with Iran’s suggestion on using cryptocurrency as an alternative to the US dollar.
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China reiterates tariffs must be reduced for interim trade deal with US
Dec 05, 2019 14:38China has once again warned the US that tariffs must be cut if Beijing and Washington are to reach an interim agreement on trade, amid growing uncertainty on when even a phase-one agreement can be reached.
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Manipulation of Lebanon national currency aimed at political objectives: MP
Nov 10, 2019 12:54A Lebanese lawmaker from the Hezbollah resistance movement has warned against the financial crisis in the cash-strapped country, stating that the crisis is being exploited for political purposes.
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Bitcoin plunges over 12% after soaring near $17,000
Dec 08, 2017 04:13The price of bitcoin – an increasingly popular digital currency – smashed close to $17,000 in early Friday trading in Asia but plummeted more 12 percent to below $15,000 within only a few hours later.
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Bitcoin chalks up new record as it charges past $14,000
Dec 07, 2017 09:52Bitcoin ploughed past $14,000 to a fresh record on Thursday as investors continued to pile in, triggering a warning the cryptocurrency was "like a charging train with no brakes" that would inevitably slip back.