Biden Criticizes Trump for His Celebration of Surprisingly Positive Jobs Report
Joe Biden, the Democratic White House candidate, expressed his disagreement with President Donald Trump’s premature celebration of the j...
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Trump Threatens to Use Military Against Protesters
US riots continue in major cities across the country. On Monday, President Donald Trump hinted that he might use federal troops to end the ...
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Fed Chief Warns That Second Wave of Coronavirus Might Halt Recovery
Jerome Powell, chairman of the US Federal Reserve, said that a second wave of coronavirus infections might hinder the recovery from the dee...
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US Accuses North Korean State Owned Bank of Evading Sanctions
The US Justice Department charged North Korea’s state-owned bank of avoiding sanctions laws imposed by Washington. It took action against...
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Australian PM Seeks to Conciliate Employers with Workers
Australian Prime Minister Scott Morrison called for a truce between companies and workers in an effort to support the economy. Even though ...
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Britain Sees Worst Recession in Centuries, BoE Still Avoids Negative Rates
The UK is going through the deepest economic recession in centuries, but even that might not be enough to force the Bank of England to ado...
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France, Germany Call for 500B Euro Recovery Fund
Earlier this week, France and Germany jointly proposed a 500 billion euro Recovery Fund to address the impact of the COVID pandemic. The f...
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Beijing Calls on US to Stop “Suppression” of Huawei
China’s foreign ministry said that the US had to end the “unreasonable suppression” of Chinese firms like Huawei. Separately, a Chine...
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Trump Warns to Impose New Taxes on Local Firms Producing Outside US
US President Donald Trump said that he was ready to impose new taxes on local manufacturers that produce goods outside the US. This move i...
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EU Launches Legal Actions Against Luxembourg Over Tax Avoidance, Money Laundering
The European Commission (EC) is starting legal actions against Luxembourg on Thursday. The European body charges the Luxembourg government ...
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Chinese Investment in the US Drops to Lowest in Over 10 Years
Chinese investment in the US declined to $5 billion last year, down from 2018 and the lowest level since the global financial crisis in 20...
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Trump Spoke by Phone with Saudi King to Ease Tensions
US President Donald Trump had a phone conversation with King Salman of Saudi Arabia on Friday. The White House said that the president “r...
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US Chamber of Commerce Urges Britain to Strike Deal with EU
The US Chamber of Commerce urged the UK to reach a trade agreement with the European Union as soon as possible. This would help Britain add...
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US Should Cut Tariffs on COVID-Related Goods, Congressman Says
The US government should cut all tariffs on goods needed to fight the COVID-19 pandemic for a period of three months, House Ways and Means ...
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Germany Anticipates Record Recession in 2020
Germany’s Economy Minister Peter Altmaier said on Wednesday that the COVID pandemic would cause the deepest recession since World War Two...
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Bank of Japan Expects COVID to Cause Huge Damage
Bank of Japan Governor Haruhiko Kuroda said on Tuesday that the coronavirus pandemic would cause massive damage to the global economy and ...
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US House Committee Investigates Trump’s Decision to Cut WHO Funding
The US House of Representatives Foreign Affairs Committee initiated an investigation on President Donald Trump’s decision to end the fund...
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Fed’s Balance Sheet Hits Record $6.62 Trillion
The balance sheet of the US Federal Reverse (Fed) hit a record $6.62 trillion this week as the central bank is pumping money to stimulate ...
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Air Travel Might Reopen with New Social Distancing Rules, EC Says
The European Commission (EC) will release a series of new rules for the safe restart of air travel when the COVID-related lockdowns are li...
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Russia Increases Debt Ceiling to Fight Potential Coronavirus Crisis
Russia intends to sell as many bonds as possible this year to deal with the coronavirus crisis but the move will not be extended at any pr...
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Macron Warns that EU Might Collapse if Common Fund Is Not Created Now
French President Emmanuel Macron warned that the European Union might collapse as a “political project” if it doesn’t support affecte...
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US Fed Unleashes Another $2.3 Trillion to Support Local Governments, Businesses
The US Federal Reserve (Fed) announced on April 9 a $2.3 trillion stimulus plan to help local governments and support small and medium-siz...
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Brexit: UK Is Officially Leaving the European Bloc
The UK is officially leaving the European Union (EU) on Friday, after three years of debates and internal political fights. This is Britai...
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ECB Official Criticizes the Bank’s Ultra Low Policy
The European Central Bank’s (ECB) ultra-easy monetary policy might hurt the economy in the long term, according to ECB board member Yves...
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Coronavirus Outbreak Puts Pressure on China’s Economy
China is struggling with an outbreak of a new coronavirus type that has already killed 81 people and spread to several countries across th...
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European Leaders Somewhat Optimistic About Trade Deal with Post-Brexit UK
French Finance Minister Burno Le Maire stated on Thursday that the trade deal with the UK should not result in a weaker European single ma...
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Trump Warned the US Might Impose Massive Tariffs on Car Imports from EU
US President Donald Trump threatened to introduce high tariffs on imports of autos from the European Union if the latter doesn’t agree t...
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IMF Cuts Global Economic Outlook
The International Monetary Fund (IMF) presented its outlook for 2020, saying that the global economy will strengthen this year, though at ...
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US Senate Approves Updated North American Trade Deal
On Thursday, the US Senate approved the updated North American Free Trade Agreement that introduces stricter rules on several sectors, lik...
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Putin Proposes Constitutional Changes to Maintain Power
Russia has experienced a major reshuffle, with Prime Minister Dmitry Medvedev’s second cabinet stepping down and leaving room for the ne...
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