Economy

Saturday, July 11th 2020 - 08:26 UTC
Wall Street stocks jump on Friday after a bull's week, encouraged by reports of a Covid-19 vaccine

Wall Street stocks jumped on Friday with the Nasdaq racing to yet another record as progress on a coronavirus vaccine offset worries about spiking US case levels. The tech-rich Nasdaq Composite Index finished at 10,617.44, up 0.7%, notching its sixth record close in seven sessions.
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Saturday, July 11th 2020 - 08:22 UTC
Wall Street will be looking into asset manager BlackRock earnings next week

Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets.
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Saturday, July 11th 2020 - 08:16 UTC
US announces 25% duties on French products in response to France's digital services tax

The Trump administration on Friday announced additional duties of 25per cent on French cosmetics, handbags and other imports valued at US$1.3 billion in response to France's digital services tax, but would hold off on implementing the move for up to 180 days.
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Friday, July 10th 2020 - 08:59 UTC
Two creditor groups not convinced with Argentina's latest offer, but admit it is in the right direction

Argentina’s US$65 billion debt restructuring talks teetered on the edge after two key creditor groups knocked back the country’s latest “final” offer, while the government signaled that there was no room left to improve the terms.
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Friday, July 10th 2020 - 08:09 UTC
Lopez Obrador wraps up his White House visit as a cherished friend of Trump

Defying warnings that to seek out Donald Trump was to court disaster, Mexican President Andres Manuel Lopez Obrador instead emerged from their first meeting as a “cherished friend” of his U.S. counterpart, even as some Democrats looked on uneasily.
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Friday, July 10th 2020 - 08:06 UTC
Irish minister elected new president of the Eurozone finance group

Ireland's finance minister Paschal Donohoe has been elected as the new president of the eurozone's finance group. Donohoe succeeds former president Mário Centeno from Portugal who said in June he would not run for another term as Eurogroup president.
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Thursday, July 9th 2020 - 09:40 UTC
Trump and Lopez Obrador underline the outstanding relationship between the two countries

President Donald Trump on Wednesday hailed his “outstanding relationship” with his Mexican counterpart Andres Manuel Lopez Obrador as he welcomed him to the White House for the leaders' first one-on-one meeting.
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Thursday, July 9th 2020 - 09:28 UTC
Brazilian retail sales jumped at an encouraging pace in May

Brazilian retail sales jumped at a record pace in May, official figures showed on Wednesday, suggesting the economy could be on a recovery path as authorities gradually lift social isolation measures taken to curb the spread of the novel coronavirus.
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Thursday, July 9th 2020 - 09:25 UTC
“Global Britain” human rights policy faces the challenge of condemning Beijing

Britain's new post-Brexit sanctions regime faces an early test over London's deteriorating relationship with China, as calls mount for it to be used against Beijing officials.
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Thursday, July 9th 2020 - 09:20 UTC
UK announces a £30 billion package to save jobs and help the young into work

The UK government on Wednesday unveiled a package worth £30 billion (US$37 billion, €33 billion) to save jobs and help the young into work to kick-start the coronavirus-hit economy.
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