Trump Aides Undercut Fauci as He Speaks Up on Virus Concerns

President Trump’s advisers undercut the nation’s top infectious disease expert, Dr. Anthony S. Fauci, over the weekend, anonymously providing details to various news outlets about statements he had made early in the coronavirus outbreak that they said were inaccurate. The move to treat Dr. Fauci, who has led the National Institute of Allergy and Infectious […]

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Take Five: A bull with underlying health conditions

2/2 © Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in New York 2/2 1/EUROPE: FINAL COUNTDOWN Southern European bonds and the euro have rallied hard in the two months since France and Germany mooted a 750 billion-euro ($848 billion) post-COVID-19 recovery fund. On July 17-18, European leaders meet to hammer out details. […]

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House chairman asks CDC boss to testify on reopening schools amid coronavirus

Education and Labor Committee Chairman Bobby Scott, D-Va. asked the director of the Centers for Disease Control and Prevention (CDC) to testify on school safety in response to President Trump’s push to reopen classrooms across the U.S. “This is an opportunity for Subcommittee Members to engage directly with you concerning the CDC’s guidance to schools […]

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Market stress could return, UK finance industry warns BoE

© Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London LONDON (Reuters) – Stress in financial markets could yet make a comeback, Britain’s finance industry warned the Bank of England last month, with Brexit and global political risks auguring for a difficult end to the year. Minutes published on Thursday from a […]

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Redfield clarifies CDC guidelines for school reopenings after coronavirus closings

Centers for Disease Control and Prevention Director Robert Redfield clarified Thursday that the agency would not be revising their guidelines, but instead offering “different reference documents” for local governments and school districts to review as they begin to determine whether they can safely reopen schools this fall amid the coronavirus pandemic. Redfield, on ABC’s “Good […]

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CDC is ‘prepared to work with every school district’ for safe reopenings, director says in coronavirus briefing

Centers for Disease Control and Prevention Director Robert Redfield on Wednesday said the agency is “prepared to work with every school district” to create a safe reopening this fall for students amid the coronavirus pandemic. During the White House Coronavirus Task Force briefing on Wednesday, Redfield said the CDC has outlined “a number of strategies” […]

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Trump says he disagrees with CDC school reopening guidelines, calls them ‘impractical’

President Trump on Wednesday said he disagreed with the Centers for Disease Control and Prevention on their “very tough & expensive” guidelines – which he called “impractical” – on reopening schools in the fall amid the coronavirus pandemic. “I disagree with @CDCgov on their very tough & expensive guidelines for opening schools,” Trump tweeted Wednesday. […]

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Biogen applies to market Alzheimer’s disease treatment in the US

Biogen has asked the feds to let it market a potentially groundbreaking treatment for Alzheimer’s disease in the US, the company said Wednesday. The Massachusetts-based biotech firm asked the Food and Drug Administration for an expedited review of the drug known as aducanumab, which would be the first treatment to change the course of Alzheimer’s […]

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Business interruption insurance claims are a worry, BoE says before court rules

© Reuters. FILE PHOTO: The coronavirus disease (COVID-19) spread in London By Carolyn Cohn and Huw Jones LONDON (Reuters) – The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing policies […]

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Business interruption is big unknown for insurers, says Bank of England

© Reuters. FILE PHOTO: The coronavirus disease (COVID-19) spread in London LONDON (Reuters) – Potential claims by companies for business interruption remain the insurance industry’s biggest uncertainty ahead of a court ruling, the Bank of England said on Wednesday. Anna Sweeney, the BoE’s executive director for insurance, said the sector has remained robust in the […]

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Australia faces economic setback as fresh outbreaks shut down Melbourne

© Reuters. Police stop drivers at a checkpoint as coronavirus disease cases spike in Melbourne By Swati Pandey SYDNEY (Reuters) – A hard lockdown in Australia’s second-largest city will likely erase nearly A$5 billion of economic output over six weeks, slowing a broader national recovery and forcing the government to expand its already massive debt-funded […]

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UK’s Sunak to map out next moves in COVID recovery plan

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London By William Schomberg LONDON (Reuters) – British finance minister Rishi Sunak will announce on Wednesday his next moves to prevent a wave of job cuts from snowballing into a full-blown unemployment crisis in the world’s sixth-biggest economy. Sunak is already on course to […]

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EU sees deeper recession, less steep rebound for euro zone

2/2 © Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt 2/2 By Philip Blenkinsop and Francesco Guarascio BRUSSELS (Reuters) – The euro zone economy will drop deeper into recession this year and rebound less steeply in 2021 than previously thought, the European Commission forecast on Tuesday, with France, Italy and Spain struggling the most […]

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UK consumers remain cautious about returning to high streets

© Reuters. The coronavirus disease (COVID-19) outbreak in Leicester LONDON (Reuters) – The number of shoppers visiting retailers was down by nearly 50% last week compared with a year earlier and the amount of money spent in pubs and restaurants as they reopened last weekend suffered a similar fall, data showed on Tuesday. The figures […]

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ECB may ask banks to withhold dividends for longer

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt FRANKFURT (Reuters) – The European Central Bank is considering an extension to a recommendation that banks suspend dividends and share buybacks, and will soon provide an update, ECB bank supervisor Kerstin af Jochnick said on Tuesday. The ECB asked banks to stop dividends and buybacks […]

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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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Britain’s finance ministry pledges funding to triple number of UK traineeships

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in London LONDON (Reuters) – Britain will offer its largest ever expansion of traineeships, its finance ministry said on Sunday, ahead of a highly-anticipated update due later in the week on the government’s support for the economy through the coronavirus crisis. Finance minister Rishi Sunak […]

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UK to double work coaches as lockdown hammers jobs market

© Reuters. FILE PHOTO: The coronavirus disease (COVID-19) outbreak in Watford LONDON (Reuters) – Britain’s government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said on Saturday. The number of work coaches at British job centres […]

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UK scraps sales tax on personal protective gear until October

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Britain LONDON (Reuters) – Britain’s finance ministry said on Friday it will extend the scrapping of sales tax on personal protective equipment (PPE) for infectious diseases until the end of October. “Extending the zero VAT rate on PPE will provide the relief needed by […]

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Brazil emergency aid for low-paid workers jumps to nearly $50 billion

© Reuters. Outbreak of the coronavirus disease (COVID-19) in Rio de Janeiro By Marcela Ayres and Jamie McGeever BRASILIA (Reuters) – Brazil’s emergency payments to low-paid, informal workers hit hard by the COVID-19 crisis stands at around 254 billion reais ($48 billion), more than double all 2020 discretionary spending, a senior Economy Ministry official said […]

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Indian police allege fraud by GVK chairman, others at Mumbai airport

© Reuters. The spread of the coronavirus disease (COVID-19) in Mumbai MUMBAI (Reuters) – India’s federal police have filed a criminal complaint against the chairman of conglomerate GVK Group and others for alleged fraud in the development of Mumbai’s international airport that resulted in the government losing more than $92 million. GVK Group, which has […]

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ECB lowers bar for bank mergers in hope of spurring consolidation

© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Frankfurt FRANKFURT (Reuters) – The European Central Bank is lowering the bar for bank mergers in the euro zone, hoping to encourage an elusive wave of consolidation in a sector plagued by low profits and unresolved issues inherited from the last financial crisis. In […]

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