Thursday, 24 Sep 2020

Coronavirus mortality in Italy is highest among poor, study shows

ROME (Reuters) – Poor Italians are significantly more likely to die of the coronavirus than higher-income groups, the country’s first significant study into the disease’s disproportionate social impact showed on Friday. Italy is one of the world’s worst-hit countries with almost 35,000 COVID-19 deaths since its outbreak emerged on Feb. 21 and it was the […]

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French Prime Minister Edouard Philippe has resigned

French Prime Minister Edouard Philippe has resigned, according to the Elysee Palace. His departure paves the way for a government reshuffle. Mr Philippe will continue to handle government affairs until a new cabinet is named. Speculation had been growing that a reshuffle was imminent – with French President Emmanuel Macron seeking to boost his green […]

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COVID recovery vs COVID reality

LONDON (Reuters) – World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging coronavirus nerves at bay. The market rally fuelled by record U.S. jobs numbers had largely blown itself amid a spike […]

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England puts United States on 'red-list', will quarantine arrivals

LONDON (Reuters) – Passengers arriving into England from the United States will not be exempted from quarantine rules, Britain’s transport minister Grant Shapps said on Friday. Asked whether the United States would be on a ‘red-list’ of countries to which a 14-day quarantine period will apply, Shapps said: “I’m afraid it will be.” “The U.S. […]

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India's Modi visits Himalayan border where troops clashed with China

NEW DELHI/SRINAGAR (Reuters) – Indian Prime Minister Narendra Modi flew into the northern Himalayan region of Ladakh on Friday, officials said, weeks after Indian and Chinese troops clashed on their disputed border there, escalating tension between the Asian giants. Modi, who has been under pressure to respond to what India deems Chinese incursions, met troops […]

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DBS, Schroders launch multi-asset fund for retirement income planning

SINGAPORE (THE BUSINESS TIMES) – DBS and Schroder Investment Management Singapore (Schroders Singapore) on Friday (July 3) announced the launch of a multi-asset fund for retirement income planning, named Schroder Asia More+. It will be managed by Schroders Singapore and exclusively distributed by DBS, the companies said in a joint press statement. The fund offers […]

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GM's China sales drop 5% in second quarter, underperforms industry recovery

BEIJING (Reuters) – General Motors Co’s (GM.N) vehicle sales in China dropped 5.3% between April and June from the corresponding period last year, underperforming the industry average amid a recovery from the coronavirus fallout on the world’s biggest auto market. China’s overall figure, which includes passenger and commercial vehicles, rose 4.4% in April and 14.5% […]

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