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Equities rally on hopes for economic rebound

London, United Kingdom | AFP | Stock markets picked up Wednesday on hopes for a strong US economic rebound even though retailers reported mixed results and US-China tensions continued to mount. Equities have enjoyed a broad advance for several weeks as virus infection and death rates slow, allowing governments to lift …

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Trump blames Chinese ‘incompetence’ for ‘mass Worldwide killing’

Washington, United States | AFP | US President Donald Trump again lashed out at China Wednesday over the coronavirus pandemic, blaming Beijing for “mass Worldwide killing.” The early morning tweet, which also referred to an unidentified “wacko in China,” was the latest heated rhetoric from the White House, where Trump is making attacks on Beijing …

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British supermarkets threaten Brazil boycott over Amazon land law

London, United Kingdom | AFP |  Leading British supermarket chains have warned Brazil they may be forced to boycott its goods if lawmakers in the South American country pass a bill that would “encourage further land grabbing” in the Amazon. In an open letter to Brazilian senators and deputies, the companies …

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Europe’s Franco-German ‘motor’ sputters back to life

Paris, France | AFP |  President Emmanuel Macron and Chancellor Angela Merkel have jump-started the Franco-German “motor” at the heart of Europe by jointly pitching a hugely ambitious economic recovery plan, even if it faces a bumpy road ahead. Macron and Merkel, whose relationship has been shadowed by disagreements on several …

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Global CO2 emissions to drop 4-7% in 2020, but will it matter?

Paris, France | AFP |  Global CO2 emissions from fossil fuels are set to drop by up to seven percent in 2020 because of the coronavirus pandemic, but even this dramatic decline — the sharpest since WWII — would barely dent longterm global warming, researchers reported Tuesday. In early April, coronavirus …

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