The week in pictures, July 4 – July 10

https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2020/07/918/516/11_AP20185688233207.jpg?ve=1&tl=1 A woman wearing a face mask walks past a mural of an Indigenous man in Bogota, Colombia, July 3, 2020. AP Photo/Fernando Vergara https://a57.foxnews.com/static.foxnews.com/foxnews.com/content/uploads/2020/07/918/516/11_AP20185688233207.jpg?ve=1&tl=1

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Supreme Court rules New York investigators can access Trump’s financial records, but blocks Congressional subpoenas

File photo. President Donald Trump waves as he walks across the tarmac to board Air Force One at Hagerstown Regional Airport, Aug. 18, 2017 in Hagerstown, Md. The outcome in the two cases is at least a short-term victory for Trump, who has strenuously sought to keep his financial records private. WASHINGTON — The Supreme […]

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Exclusive: Chile putting mine workers’ health over copper production, minister says

© Reuters. FILE PHOTO: Chile’s Minister of Mining Baldo Prokurica walks on Pedernales Salt Flat in the Atacama Desert By Fabian Cambero and Aislinn Laing SANTIAGO (Reuters) – Chile’s mines minister said on Tuesday there were “no silver bullets” to help the industry weather the coronavirus pandemic, but insisted the world’s biggest producer was prioritizing […]

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Bank of Japan to project economic recovery in report next week, say sources

© Reuters. A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo TOKYO (Reuters) – The Bank of Japan is expected to roughly maintain its view the economy will gradually recover later this year from the devastating impact of the coronavirus pandemic, sources […]

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Kimberly Guilfoyle, campaign official and Donald Trump Jr.’s girlfriend, tests positive for coronavirus

In this May 27, 2020 photo, Donald Trump Jr., walks with his girlfriend Kimberly Guilfoyle after arriving at Andrews Air Force Base, Md., after traveling to Florida, with President Donald Trump. | Evan Vucci/AP Guilfoyle and Trump, Jr., who tested negative on Friday, will cancel their upcoming events and will self-isolate. WASHINGTON — A Trump […]

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U.S. House approves extension of small business loan program

© Reuters. A person in a mask walks on a nearly empty street in the coronavirus outbreak near the Treasury Department in Washington WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday approved an extension of a $660 billion lending program in an effort to help small businesses hit hard by the coronavirus pandemic, […]

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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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Illinois ends June with about half the daily COVID-19 deaths and new cases as in peak month of May

A nurse takes her gloves off as she walks out of a COVID-19 patient’s room April 28 at Roseland Community Hospital. | Ashlee Rezin Garcia/Sun-Times The Illinois Department of Public Health announced 23 additional deaths attributed to COVID-19 and 724 newly confirmed cases of the virus. That raises the state’s death toll to 6,923, among […]

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New rules may be needed for payments in wake of Wirecard, BIS boss says

© Reuters. FILE PHOTO: A man walks past the Wirecard booth at the computer games fair Gamescom in Cologne, Germany LONDON (Reuters) – More joined up rules may be needed across the payments sector after the collapse of Germany’s Wirecard AG (OTC:), Bank for International Settlements president Augustin Carstens said. Wirecard’s demise has thrown a […]

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UK will not agree to EU right to use retaliatory tariffs, says negotiator

© Reuters. British Prime Minister’s Europe adviser David Frost walks at start of the first round of post -Brexit trade deal talks LONDON (Reuters) – Britain will not agree to any European Union proposal which gives the bloc the right to respond with tariffs to changes in British law following Brexit, chief negotiator David Frost […]

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Ireland’s Donohoe expected to join race for Eurogroup chair: source

© Reuters. FILE PHOTO: Irish Finance Minister Paschal Donohoe walks outside Government Buildings in Dublin DUBLIN (Reuters) – Irish Finance Minister Paschal Donohoe is expected to put his name forward later on Thursday to join Spain’s economy minister Nadia Calvino in the race to head the Eurogroup of 19 euro zone finance ministers, a government […]

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BOJ offers $78 billion to firms hurt by pandemic in first phase of loan programme

© Reuters. FILE PHOTO: FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo TOKYO (Reuters) – The Bank of Japan on Wednesday offered 8.28 trillion yen ($77.74 billion) in loans to financial institutions under a new lending programme aimed at […]

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BOJ signals pause after months of pandemic-fighting stimulus steps: June summary

© Reuters. A security guard walks past in front of the Bank of Japan headquarters in Tokyo By Leika Kihara TOKYO (Reuters) – The Bank of Japan can spend time examining the effects of the stimulus steps put in place since March, a board member said in a June rate review, underscoring BOJ’s view it […]

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EU business body fears China-EU investment deal will not be finished this year

© Reuters. An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue in Beijing BEIJING (Reuters) – The president of European Union Chamber of Commerce in China said on Tuesday that he doubts the China-EU investment agreement will be finished this year. Joerg Wuttke told reporters during a briefing that […]

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UK house prices to fall 5% this year, recover gradually: Reuters poll

3/3 © Reuters. A woman walks past houses on a street in Islington, London 2/3 By Jonathan Cable LONDON (Reuters) – British home prices will fall this year and won’t recover those losses until the end of 2022, a Reuters poll of property market analysts found, as high unemployment following the coronavirus pandemic saps demand. […]

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Canada needs targeted response for future COVID-19 waves to avoid large setback: Bank of Canada

2/2 © Reuters. Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa 2/2 By Julie Gordon and Kelsey Johnson OTTAWA (Reuters) – A quick response and targeted containment for future waves of COVID-19 will be needed to prevent “a very large setback” caused by another round of […]

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Bank of Canada sees ‘bumpy’ recovery, pandemic may inflict ‘lasting damage’ to supply and demand

2/2 © Reuters. Governor of the Bank of Canada Tiff Macklem walks outside the Bank of Canada building in Ottawa 2/2 OTTAWA, (Reuters) – Canada’s economic recovery from COVID-19 will be bumpy, and the pandemic is likely to inflict some lasting damage to supply and demand, Tiff Macklem said on Monday in his first speech […]

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Russia’s economy contractions slows down to 10.9% in May

© Reuters. A woman wearing a protective face mask walks walks in a business district in Moscow MOSCOW (Reuters) – Russia’s economy declined by 10.9% in May, year-on-year, data showed on Friday, following a sharper fall of 12% in April when the country was locked down to combat the coronavirus. The economy ministry said the […]

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Argentina, creditors dance around debt deal as temperature rises

2/2 © Reuters. FILE PHOTO: A pedestrian wearing a protective face mask walks past posters on the street that read “No to the payment of the debt. Break with the IMF”, in Buenos Aires 2/2 By Adam Jourdan, Marc Jones and Rodrigo Campos BUENOS AIRES/LONDON/NEW YORK (Reuters) – Argentina’s debt deal is hanging in the […]

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Major central banks to cut frequency of dollar-funding operations, BOJ says

© Reuters. FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo By Leika Kihara TOKYO (Reuters) – Major central banks across Europe and Japan will reduce the frequency of their seven-day dollar liquidity-providing operations from July as the market tension […]

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Running on ‘hopium’: Explaining the market rally in Wall Street’s terms

© Reuters. A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York By April Joyner and Kate Duguid NEW YORK (Reuters) – Risk assets such as stocks and high-yield corporate bonds have climbed over the past two-and-a-half months despite a dire global […]

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‘You Should Have Left’ movie review: You shouldn’t have rented this

An American man walks into a Welsh vacation house and surveys his new digs. “For once, reality is better than the pictures online!,” he exclaims in a moment that is somehow not from a Sandals TV ad. It’s the start of a bland movie, and the poorly written line would perhaps be true if the […]

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Wall Street Banks Prepping Brexit Moves Get ECB Relief For Virus

© Bloomberg. A lone pedestrian walks along the Thames Path in view of skyscrapers in the City of London square mile financial district on April 9. Photographer: Simon Dawson/Bloomberg (Bloomberg) — Wall Street banks are getting a bit of Brexit relief from the European Central Bank as they step up preparations to move business from […]

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Sharp learning curve for bosses as WFH goes global

2/2 © Reuters. FILE PHOTO: Belgian Yves Hanoulle, IT professional, walks on a treadmill as he works in his home in Ghent 2/2 By Mark John LONDON (Reuters) – Two weeks into the coronavirus lockdown and Sergei Holmeckis, a boss at Deutsche Telekom (OTC:)’s Czech operations in the city of Brno, was frustrated with staff […]

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