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China cuts loan rate as it battles coronavirus impact

  Beijing, China | AFP | China on Thursday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak. The reduction in the loan prime rate (LPR) — one of the preferential rates commercial banks give to …

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Critics slam UK post-Brexit immigration plans

✳ Foreign worker to earn 70 points to be eligible ✳ A maximum 20 points are awarded for prospective migrants who will earn at least £25,600 ($33,325 or 30,820 euros) ✳ Twenty points also go to people with an “appropriate skill level” ✳ 20 points for those who speak English …

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EU seeks AI champions: Five things to know

Brussels, Belgium | AFP | From translation apps to facial recognition, artificial intelligence is becoming a major part of everyday life and the European Union is eager to bring order to this digital “wild west” where the US and China dominate. On Wednesday, key Brussels officials will unveil ideas to regulate …

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Huawei loses legal challenge of US federal purchase ban

Houston, United States | AFP |  Washington has the right to block US federal agencies from buying products by Huawei on cybersecurity grounds, a judge ruled Tuesday, dismissing the Chinese telecom giant’s legal challenge to a purchase ban. Huawei filed the suit last year and claimed Congress had failed to provide …

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China craving for Senegal peanuts rattles local business

Sanguil, Senegal | AFP |  Large peanut orders from Chinese traders have cut Senegal’s traditional selling season short this year, rewarding farmers with fat profits but leaving local buyers with slim pickings. Peanuts are an important export in the West African state of Senegal, with the area around the central city …

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Iran dissidents urge vote boycott as leaders eye high turnout

Paris, France | AFP |  Opponents of Iran’s theocratic leadership are urging an outright boycott of its parliamentary elections, arguing that it is anything but democratic and that casting a ballot serves only to bolster the country’s Islamic rulers. The country’s supreme leader has urged Iranians to “disappoint the enemy” by …

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CHINA: The only thing to fear is fear itself, not the virus

Travel restrictions on China fuelling ‘panic:’ ambassador Brussels, Belgium | AFP |  Travel restrictions imposed on China over its virus outbreak COVID-19 are only fuelling “panic” and threatening attempts to resume business, the country’s ambassador to the EU warned on Tuesday. Envoy Zhang Ming also told a media conference in …

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WHO warns against virus over-reaction as death toll hits 1,868

Beijing, China | AFP | The World Health Organization has warned against a global over-reaction to the new coronavirus epidemic following panic-buying, event cancellations and concerns about cruise ship travel, as China’s official death toll neared 1,900 on Tuesday. More than 72,000 people have now been infected in China and hundreds …

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