Differences remain among EU states on recovery fund, budget: Merkel

2/2 © Reuters. German Chancellor Merkel meets Italian PM Conte in Meseberg 2/2 BERLIN (Reuters) – German Chancellor Angela Merkel said on Monday she could not guarantee that EU member states would reach an agreement on a coronavirus recovery fund and a multi-year budget at a leaders summit this week given that differences remain. “The […]

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Life after Zoom: corporate travel agents plot safe return to business travel

2/2 © Reuters. FILE PHOTO: People wearing face masks are seen at Hongqiao International Airport in Shanghai 2/2 By Jamie Freed SYDNEY (Reuters) – Corporate travel agents are using the coronavirus-induced lull in bookings to work with companies on how to get their staff out of Zoom videoconferences and safely back in the air. They […]

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Poland’s election result still uncertain, more results possible on Monday

2/2 © Reuters. Poland’s presidential election 2/2 WARSAW (Reuters) – The result of Poland’s knife-edge presidential election was still uncertain as of Monday morning, with the National Electoral Commission expected to hold a news conference at 0600 GMT and late polls indicating a win for incumbent Andrzej Duda. The poll by Ipsos combines exit poll […]

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Spain’s Calvino says one country broke pledge in Eurogroup vote

2/2 © Reuters. FILE PHOTO: European Union finance ministers meet for monthly talks in Brussels 2/2 MADRID (Reuters) – Spanish Economy Minister Nadia Calvino said on Friday that one euro zone country had broken its pledge to support her in her bid to become Eurogroup chief, seen by some at home as a sign of […]

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IMF, World Bank confirm plans for ‘primarily virtual’ annual meetings

2/2 © Reuters. IMF Managing Director Kristalina Georgieva speaks at the Global Women’s Forum in Dubai 2/2 WASHINGTON (Reuters) – The leaders of the International Monetary Fund and the World Bank on Thursday confirmed that they were preparing to hold their annual meetings in October largely online given the coronavirus pandemic. In a joint statement, […]

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Canada not looking to impose China sanctions for now, seeks to avoid escalation

2/2 © Reuters. FILE PHOTO: Picture of Canadian and Chinese flags taken prior to the meeting with Canada’s Prime Minister Justin Trudeau and China’s President Xi Jinping at the Diaoyutai State Guesthouse in Beijing 2/2 By David Ljunggren OTTAWA (Reuters) – Canada is not considering immediate sanctions against China over its treatment of Hong Kong […]

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Fed officials suggest U.S. recovery may be stalling

2/2 © Reuters. “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming 2/2 By Howard Schneider (Reuters) – Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic. In separate appearances, Atlanta Fed President Raphael Bostic, Boston Fed […]

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Russia’s Putin, China’s Xi agree to boost economic cooperation

2/2 © Reuters. Russian President Vladimir Putin takes part in a a video conference call outside Moscow 2/2 MOSCOW (Reuters) – Russian President Vladimir Putin and Chinese President Xi Jinping agreed to boost economic cooperation, including in energy and civilian aircraft manufacturing, the Kremlin said on Wednesday after they talked by phone. In a statement, […]

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Germany’s Merkel says EU must prepare for no-deal Brexit

2/2 © Reuters. German Chancellor Angela Merkel attends a plenary session at the European Parliament in Brussels 2/2 (Reuters) – Germany will continue to push to seal a new partnership agreement with Britain by the end of the year but the European Union should prepare for an abrupt split of ties from 2021, Chancellor Angela […]

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Mexican president to hold first meeting with Trump as U.S. election looms

2/2 © Reuters. FILE PHOTO: U.S. President Trump hosts coronavirus response event on reopening schools at the White House in Washington 2/2 By Arshad Mohammed WASHINGTON (Reuters) – Mexican President Andres Manuel Lopez Obrador meets with his U.S. counterpart, Donald Trump, for the first time on Wednesday, in a potentially awkward encounter that has drawn […]

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Irish housebuilding to fall by one-third due to COVID-19: central bank

2/2 © Reuters. FILE PHOTO: A new housing development in Straffan, County Kildare 2/2 DUBLIN (Reuters) – Housebuilding in Ireland is likely to fall by at least one-third over three years due to COVID-19 disruptions and could fall by half in the event of a second wave of infections, a senior central bank official forecast […]

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Next World Bank, IMF meetings to be virtual: World Bank chief

2/2 © Reuters. FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington 2/2 By Andrea Shalal WASHINGTON (Reuters) – The World Bank and International Monetary Fund will hold their annual Fall Meetings online in October because of the novel coronavirus pandemic, World Bank President […]

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Trump weighs executive orders on China, manufacturing, immigration, aide says

2/2 © Reuters. FILE PHOTO: U.S. President Donald Trump holds 4th of July U.S. Independence Day celebrations at the White House 2/2 WASHINGTON (Reuters) – U.S. President Donald Trump is considering several executive orders targeting China, manufacturing and immigration, his chief of staff Mark Meadows told reporters at the White House on Monday, though he […]

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UK Treasury, British Business Bank reviewing access to state-backed loan schemes – Telegraph

2/2 © Reuters. Outbreak of the coronavirus disease (COVID-19) in London 2/2 (Reuters) – Britain’s Treasury and British Business Bank officials are reviewing access to state-backed loan schemes after the European Union relaxed state aid rules, The Daily Telegraph reported. The Treasury is considering ways of making it easier for businesses to access coronavirus support […]

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Euro zone business slump eased in June as lockdowns relaxed

2/2 © Reuters. FILE PHOTO: Paris Orly Airport resumes duty after a 3-month break due the coronavirus lockdown 2/2 By Jonathan Cable LONDON (Reuters) – The plunge in euro zone business activity caused by lockdowns imposed to stop the spread of the coronavirus eased sharply last month as more businesses reopened and people ventured out, […]

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Fed’s Powell continued to talk frequently with Mnuchin, lawmakers in May

2/2 © Reuters. FILE PHOTO: U.S. House of Representatives Financial Services Committee hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), in Washington 2/2 WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell continued to talk regularly with Treasury Secretary Steven Mnuchin and key U.S. lawmakers […]

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UK government recognises Guaido as Venezuela’s president in gold dispute, judge rules

2/2 © Reuters. FILE PHOTO: Venezuelan opposition leader Juan Guaido speaks during a news conference after Venezuela’s pro-government supreme court replaced the leaders of two key opposition parties, months ahead of legislative elections in Caracas 2/2 LONDON (Reuters) – A London court ruled on Thursday that the British government recognizes Juan Guaido as Venezuela’s president, […]

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U.S. Democrats push to extend $600 weekly coronavirus unemployment benefit

2/2 © Reuters. FILE PHOTO: Chuck Schumer and Kamala Harris speak on Capitol Hill in Washington 2/2 WASHINGTON (Reuters) – Democrats in the U.S. Senate, impatient with the pace of Republicans’ consideration of additional aid related to the coronavirus pandemic, on Wednesday proposed long-term extensions to a temporary unemployment insurance program. The $600-per-week payments to […]

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Top U.S. business executives urge Congress to pass bipartisan policing reform

2/2 © Reuters. A woman walks past the U.S. Capitol building in Washington 2/2 (Reuters) – Top business executives in the United Sates are calling on the U.S. Congress to pass bipartisan policing reform before its August recess, in the wake of protests against police brutality and racial bias in the criminal justice system. “Congress […]

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Japan and Britain aim for trade deal by end-July, Tokyo negotiator says

2/2 © Reuters. Japanese Foreign Minister Toshimitsu Motegi delivers his speech at ASEAN’s Secretariat in Jakarta 2/2 TOKYO (Reuters) – Japan and Britain aim to clinch a trade deal by the end of July and Tokyo wants to secure at least the same automobile tariffs as it has in its existing European Union trade pact, […]

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PM Johnson demands Britain ‘Build, build, build’ to beat COVID-19 slump

2/2 © Reuters. FILE PHOTO: Boris Johnson leaves Downing Street 2/2 By William James LONDON (Reuters) – Prime Minister Boris Johnson promised to shake Britain’s economy out of its coronavirus-induced crisis on Tuesday by fast-tracking infrastructure investment and slashing property planning rules. As Britain emerges from lockdown, Johnson is looking to move past criticism of […]

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Madrid taxi drivers demand fleet limits amid weak demand

2/2 © Reuters. The coronavirus disease (COVID-19) outbreak in Madrid 2/2 MADRID (Reuters) – Thousands of taxi drivers took to the streets of Madrid on Tuesday, honking their horns and clogging up the roads around city hall to demand a limit on the number of vehicles allowed to operate amid a post-lockdown slump in demand. […]

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Ontario promises crackdown on recruiters as farm outbreaks grow

2/2 © Reuters. FILE PHOTO: Migrant workers wear masks and practice social distancing in Portage la Prairie 2/2 TORONTO (Reuters) – The Canadian province of Ontario will crack down on “fly-by-night” recruitment agencies sending workers on to farms, the premier said on Monday, after a testing blitz identified a major coronavirus outbreak on a farm […]

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France’s Macron pledges 15 billion euro green push after vote rout

2/2 © Reuters. French President Emmanuel Macron meets French citizens’ council over environment proposals in Paris 2/2 PARIS (Reuters) – French President Emmanuel Macron promised 15 billion euros of new funding on Monday to speed up the move to a greener economy, a day after the Greens trounced his party and took control of major […]

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