The Treasury Department warned Monday that unregulated cryptocurrencies could pose a risk to the U.S. financial system. The warning was a part of the first major public report released by the …
U.S. to Transfer Afghan Funds to Swiss Bank for Safekeeping
On Wednesday, the US announced that it plans to transfer billions of dollars in frozen Afghani assets to a fund in Switzerland. This will effectively shelve talks that discusses recapitalizing the …
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Beijing Cautiously Reopens After Covid-19 Wave
Beijing has taken tentative steps towards reopening the city on Monday as much of the region lifted restrictions on dining in restaurants. In addition, many workers were able to return to their …
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U.K. Economy Suffers Biggest Slump in 300 Years Amid Covid-19 Lockdowns
Official estimates confirm that the UK economy records its biggest contraction in more than three centuries in 2020 due to lockdown measures halting the operations of non-essential businesses and …
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After months of calm, Thailand grapples with virus outbreak
The Samut Sakhon province of Thailand is seeing a surge of cases that threatens efforts to contain the virus and the residual effects the virus has on the economy. A 1,000-bed field hospital is being …
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Argentina’s President Struggles to Avert Economic Crash
Last year, Argentinian President Alberto Fernandez was elected to lift the country out of a harmful and devastating economic recession. Now, the economy is facing a surmounting crisis as COVID-19 …
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Ant IPO Postponed by Shanghai Stock Exchange
Today, the Shanghai Stock Exchange released a statement postponing the initial public offering of Ant Group Co. The restriction comes just a day after the company's controlling seller, Jack Ma, was …
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Lebanon Brings Back Hariri as Prime Minister Amid Political Crisis
Saad Hariri, former Lebanese Prime Minister, has been nominated to serve again just a year after his resignation due to popular protests. Hariri's nomination is risky due to ongoing protests over …
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China Economy Grows 4.9% as Rest of World Struggles With Coronavirus
On Monday, China was leading worldwide efforts to get the gross domestic product back on track following the COVID-19 pandemic that sent several countries into recession. China nearing its …
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Singapore will pay citizens to have a baby during the pandemic
Singapore has launched a program in which couples will get a payout for having children during the COVID-19 pandemic due to rapidly falling fertility rates and a suffering economy. The country's …
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