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Germany, Lufthansa Agree on $9.8 Billion Bailout BERLIN—The German government and Deutsche Lufthansa AG said Monday they have agreed on a €9 billion euro ($9.81 billion) bailout deal—one of the biggest aid packages by a single country hatched so far in the pandemic-hit air travel sector. The deal ...
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Bank of Canada head: inflation could return to target more slowly OTTAWA (Reuters) - The Bank of Canada's policy framework is flexible enough to allow the inflation rate to climb back up to the bank's 2% target more slowly than on average, Governor Stephen Poloz said on Monday. FILE PHOTO: Bank of Canada Governor ...
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UPDATE 2-Banks ignore Russia's first month-long liquidity auction in seven years (Adds comments from bankers). MOSCOW, May 25 (Reuters) - Banks mostly ignored the Russian central bank's first month-long liquidity auction in many years on Monday, preferring funds with shorter maturity in what the central bank described as evidence ...
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Oil steadies as demand uncertainty tempers supply cuts LONDON (Reuters) - Oil prices edged up on Monday in sluggish trading with holidays in Singapore, London and New York, as rising concerns over demand recovery offset supply cuts. Brent rose to $35.81 a barrel by 1659 GMT, while U.S. oil was flat at ...
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German Court Orders VW to Pay Diesel Compensation BERLIN—Germany's highest civil court ruled against Volkswagen AG in the first case brought by customers seeking damages in connection with the car maker's emissions-cheating scandal, a landmark ruling that could herald further litigation against ...
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Shale industry braces for bankruptcies as energy demands fall amid coronavirus The biggest independent shale oil groups in the U.S. reported a record combined loss of $26 billion in the first quarter as the sector braces itself for a wave of bankruptcies over the next two years. The collapse in crude demand brought about by the ...
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The Best Furniture Sales And Home Decor Deals For Memorial Day With countless Memorial Day sales to shop this weekend, sometimes it can be difficult to figure out where to start. But if your home needs an upgrade — whether its replacing that old couch or decking out your outdoor space for the summer season — we've ...
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Trade plunges as coronavirus exposes pitfalls of cross-border supply chains Global trade flows tumbled in the first quarter, a preview of what could be the largest contraction in international commerce in decades, as the coronavirus pandemic causes policymakers and multinationals to reconsider globe-spanning supply chains that ...
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German Sentiment Survey Boosts Stocks, Europe Focuses on Recovery Fund LONDON — Stocks gained modestly on Monday with many countries on holiday as German business morale rebounded strongly in May, offering a glimpse of optimism to battered investors of what lay beyond weeks of economic lockdowns. MSCI's gauge of ...
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Second employee at King Soopers in Capitol Hill dies of COVID-19 complications DENVER (KDVR) — Another King Soopers employee, in Colorado, has died from COVID-19 complications, according to a union rep with United Food and Commercial Workers #7. 75-year-old James McKay worked at the Capitol Hills King Soopers, at 1155 ...
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UPDATE 1-Regeneron to buy back $5 billion stake held by Sanofi (Adds details from press release, background). May 25 (Reuters) - U.S. drugmaker Regeneron Pharmaceuticals said on Monday it would repurchase about $5 billion of its shares directly from France's Sanofi, without altering their over-a-decade-long ...
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In Honor of National Wine Day: The 9 Best Wine Clubs, Based on Your Drinking Style Prefer to drink by-the-glass? Looking to delve into the world of natural wine? There's a club for you. By Sophie Dodd. May 25, 2020 02:13 PM. FB Tweet More. View All Start Slideshow. 1 of 10. FB Tweet More. Pinterest Email Send Text Message. Time for a ...
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Hertz says coronavirus decimated revenue, leading to bankruptcy Hertz Global Holdings Inc., the car-rental company, which filed for bankruptcy late Friday, said the collapse in air travel amid the coronavirus pandemic hit its biggest source of rental revenue. "The overall impact of the COVID-19 crisis devastated our revenue," ...
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EU must present united front to shield pandemic-hit banks -regulator ... * EBA's Campa pushes for pan-EU support for banks. * Warns of a potential wave of bad loans. * Says 500 bln euro recovery fund could be utilised. By John O'Donnell and Francesco Canepa. FRANKFURT, May 25 (Reuters) - European countries need to ...
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Hemp was supposed to boost farmers. It's turned out to be a flop. Hemp has friends in high places, namely Senate Majority Leader Mitch McConnell. But the crop he championed in an attempt to boost ailing agriculture is at a low point. Advertisement. Farmers and manufacturers who wanted to capitalize on the frenzy around ...
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Meituan Dianping gains ground after coronavirus China's biggest food delivery app, Meituan Dianping, said sales had bounced back in May after suffering a near 13 per cent drop and widening losses as the coronavirus crisis hit its first-quarter results. But the company said food ...
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2021 Land Rover Discovery Coming With Updated Looks Which We Can't Yet See Land Rover unveiled its 3rd-generation Discovery SUV back in 2017 and while it could best its predecessors in every conceivable way, its design has been somewhat of a talking point, especially that tailgate with the offset license plate slot. Thankfully, the ...
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American Cruise Lines could be first to resume travel post-coronavirus WASHINGTON (FOX 5 DC) - While prominent cruise lines like Royal Caribbean and Carnival might not be resuming travel after the coronavirus shutdown until Aug. 1, American Cruise Lines is aiming to get back on the water by the end of June.
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Embedded Computer Market 2020-2024 | Demand for IoT Devices to Boost Growth | Technavio Technavio has been monitoring the embedded computer market and it is poised to grow by USD 856.91 million during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current ...
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The first Northern California wineries begin reopening As Northern California wineries begin reopening, some have started offering outdoor wine and food experiences, with social distancing protocols in place, while others are continuing their virtual tastings. Here's just a sampling of possibilities, including several ...
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China becomes net exporter of gold via Hong Kong in April China's gold imports via Hong Kong in April fell short of its exports for the first time since at least 2011 as measures to contain the spread of coronavirus hammered demand in the top consumer of the metal. Hong Kong Census and Statistics Department data ...
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Putin To Bail Out Russian Oil Industry Russia's President Vladimir Putin has tasked the government with implementing a set of measures aimed at supporting the oil industry for the duration of the OPEC+ production cut agreement. According to a document published on the website of the Russian ...
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How Reading's Wetherspoon pubs - Hope Tap and Back of Beyond - have changed since lockdown TWO POPULAR town centre pubs in Reading are gearing up to reopen with a few changes after lockdown. The Hope Tap in Friar Street and the Back of Beyond in King's Road, both owned by Wetherspoon, are among those pubs hoping to reopen as soon as ...
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Ikea resumes online service, provides contactless experience The Click & Collect service ensures minimal contact between co-workers and customers during the delivery of the products from the store. Share Via Email. Published: 25th May 2020 06:26 PM | Last Updated: 25th May 2020 06:26 PM | A+A A-. Ikea, Ikea India.
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Love Facebook? OK, So Now Design your Own Digital Store with FB Shops "We're unable to help you and your business due to CORONAVIRUS COVID-19." This remains the standard statement from all physical and digital stores cutting across various cities, countries and product lines. But, how long can we expect the ...
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Lockdown: Indian Tea Association estimates Rs 2100-crore revenue loss in Assam, West Bengal The association said that in these two states, the total loss of production during the three months will likely be 140 million kg. Share Via Email. Published: 25th May 2020 04:49 PM | Last Updated: 25th May 2020 04:49 PM | A+A A-. tea plantations, tea ...
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Two workers of Toronto Loblaws test positive for COVID-19, now isolating at home TORONTO — Two workers at a Loblaws grocery store at the old Maple Leaf Gardens in Toronto have tested positive for COVID-19. Loblaw says it closed the store briefly to allow for additional cleaning and has since reopened. The company says neither ...
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'We're the rebel army to Amazon's web empire': Shopify's Tobias Lutke on the $83-billion company he built For Tobias "Tobi" Lutke, the road to e-commerce billionairedom was paved by a childhood gift from his parents. The Shopify founder was six when he received an Amstrad CPC computer. He played Pac-Man and Space Invaders obsessively, but video games ...
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CRA Tax Deadline Extensions The Canada Revenue Agency hasn't forgotten they're responsible for processing your personal income tax return from 2019- they've just been a little busy dealing with some new Federal programs created by the COVID-19 crisis. As a result, there are new tax ...
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Gyms are reopening. What if you're not ready to return? Michael James Nuells is a gym rat. For more than a year, the special events manager has spent one to two hours three to five times a week working out at the Planet Fitness near his Toluca Lake, Calif., home until March 16. That's when the County of Los ...
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Responding to COVID-19: Infiniti Research Provides Key Insights on Adapting Clinical Trials to a Post COVID-19 Period LONDON--(BUSINESS WIRE)--May 25, 2020--. Infiniti Research is the world's leading independent provider of strategic market intelligence solutions. Our market intelligence services are designed to connect your organization's goals with global opportunities.
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