Monday, 26 Oct 2020

Japan factory output slumps as economy sinks deeper in recession

TOKYO (REUTERS) – Japan’s industrial output fell for a fourth straight month in May to the lowest level since the global financial crisis, highlighting the widespread impact of the coronavirus on factory and overall business and consumer activity. The world’s third-largest economy is bracing for its worst postwar recession, hurt by coronavirus lockdown measures at […]

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Credit Suisse taps Santangelo as global co-head of healthcare

(Reuters) – Credit Suisse Group AG (CSGN.S) has named Rob Santangelo as a global co-head of its healthcare investment banking group, according to a memo seen by Reuters on Monday. Santangelo, who is based in New York, will report to Robin Rankin, the Swiss bank’s coverage and advisory head of global healthcare, retail and consumer […]

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U.N. to call for more aid for Syrians at virtual donor meeting

BRUSSELS (Reuters) – Governments are set to pledge billions of dollars in aid for Syrians at a virtual conference on Tuesday to help refugees enduring Syria’s ninth year of armed conflict, as COVID-19 and high food prices worsen the plight of millions. This year, the United Nations is looking for almost $10 billion for people […]

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China's June factory activity quickens to three-month high: official PMI

BEIJING (Reuters) – China’s factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth. The official manufacturing Purchasing Manager’s Index (PMI) rose to a three-month high […]

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'No excuse' for countries that fail in contact tracing, WHO's Tedros says

GENEVA (Reuters) – Tracing contacts of people with coronavirus infections is the most important step in fighting the COVID-19 pandemic, and countries that are failing to do so have no excuse, the World Health Organization chief said on Monday. “Although many countries have made some progress, globally the pandemic is actually speeding up,” Tedros Adhanom […]

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US pushing Saudi Arabia, UAE to lift Qatar air blockade

It has been three years since an air, land and sea blockade was imposed on Qatar by Gulf countries Saudi Arabia, the UAE and Bahrain, as well as Egypt. It has been three years since an air, land and sea blockade was imposed on Qatar by fellow Gulf Cooperation Council (GCC) members Saudi Arabia, the […]

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India bans 59 mostly Chinese apps amid border dispute

Move comes after a deadly border clash between the two neighbours in a disputed Himalayan region earlier this month. India has banned 59, mostly Chinese, mobile phone applications in its strongest move yet targeting China in the online space just weeks after a border crisis erupted between the two countries. A statement by the Ministry […]

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Iraqi officials release Iran-backed militiamen arrested last week

BAGHDAD (Reuters) – Iraqi government officials said on Monday that a number of Iran-backed militiamen arrested in a raid by security forces on Thursday had been released on bail, government sources said. The three sources, who spoke on condition of anonymity, did not specify how many of the 14 that the military announced were detained […]

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US top court strikes down law limiting abortions

The US Supreme Court has ruled that a law restricting abortions in Louisiana is unconstitutional in a landmark decision. The law required that doctors providing abortions have admitting privileges to nearby hospitals, which the justices said led to an undue burden on women. Chief Justice John Roberts joined liberal justices in the 5-4 decision in […]

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