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Tag Archives: coronavirus

Gold sparkles in COVID-19 shadow

London, United Kingdom | AFP |  Gold, prized by investors in times of crisis as a safe haven, is experiencing surging demand in the face of the coronavirus outbreak — from both commodity traders and retail buyers. The precious metal had forged a seven-year peak on commodity markets this month as …

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For Japan’s Abe, Olympic delay may be no sweat

Tokyo, Japan | AFP |  The stunt reflected his commitment to an event that was supposed to be the crowning glory of his tenure. But analysts say the historic delay of the Games over the coronavirus may not be all bad news for Abe. If the country’s longest-serving premier can see …

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US joblessness set to spike as virus takes toll on businesses

Washington, United States | AFP |  With streets in major cities barren, and shops and restaurants forced to close due to the coronavirus pandemic, economists warn of a record explosion of Americans filing for unemployment benefits. The Labor Department on Thursday will release its weekly data on first-time applications for jobless …

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$2 trillion rescue package passes US Senate, heads to House

Washington, United States | AFP |  The US Senate unanimously passed the nation’s largest-ever rescue package late Wednesday, a $2 trillion lifeline to suffering Americans, critically depleted hospitals and an economy all ravaged by a rapidly spreading coronavirus crisis. The measure cleared the Senate 96-0 after days of tumultuous, sometimes bitter …

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Fury-Wilder rematch postponed by virus pandemic

Los Angeles, United States | AFP | The third fight in Tyson Fury and Deontay Wilder’s heavyweight rivalry has been postponed as the coronavirus pandemic grips the United States and Britain, ESPN reported on Tuesday. Britain’s Fury, who dethroned unbeaten WBC champion Wilder with a dominant victory in seven rounds last month, had been due …

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Markets adopting COVID-19 preventive measures to combat the spread

Kampala, Uganda | THE INDEPENDENT | The coronavirus pandemic has prompted the administrators of Nakawa, Usafi, Nakasero, Wandegeya, and Kalerwe markets to lay strict to protect vendors and their clients from infection Various markets have gazetted hand washing points at their entry and deployed personnel to ensure all people comply. …

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US stimulus plan: what it could do, and what’s in dispute

Washington, United States | AFP | With American life upended, lawmakers in the US Congress are negotiating over a massive stimulus package to help pull the economy out of the steep decline caused by the coronavirus pandemic. Legislators are still negotiating the $2 trillion rescue which could be the largest emergency …

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COVID-19-More firms send staff home, limit access to premises

  Kampala, Uganda | THE INDEPENDENT | More companies have scaled down their operations, sending a huge chunk of staff home in a delicate balance to stop the spread of coronavirus. Uganda Bureau of Statistics, the country’s statistics agency has suspended all field activities and sent home all the staff …

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