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Updated: 4 years 29 weeks ago
Factbox: Europeans ask what has EU done for us? Answer: 2.5 trillion stimulus
The European Union has responded to the coronavirus, seen by German Chancellor Angela Merkel as the biggest challenge since World War Two, with a wide range of measures to limit the spread of the disease and the resulting economic damage.
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Dollar marches on as central banks stimulus boosts bonds
The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds but failing to halt losses in stocks from Asia to Wall Street.
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Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC
Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak.
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ASEAN summit in Vietnam postponed until end-June over coronavirus
A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about coronavirus, Vietnam's Ministry of Foreign Affairs said on Thursday.
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Rich world pumps aid to fight virus, Britain latest to face lockdown
The world's wealthiest nations poured unprecedented aid into the reeling global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe and London became the latest major center bracing for lockdown.
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Dutch PM tells citizens to relax, saying there's enough toilet paper for 10 years
The prime minister in the Netherlands has offered reassurances amid the global coronavirus outbreak: telling citizens on Thursday there is no shortage of toilet paper.
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U.S. jobless claims jump to two-and-a-half-year high; coronavirus blamed
The number of Americans filing for unemployment benefits surged to a 2-1/2-year high last week, suggesting a pickup in layoffs as the coronavirus pandemic fractures economic activity.
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Swiss cases of coronavirus rise to 3,880, with 33 deaths: government
The number of coronavirus cases in Switzerland and Liechtenstein has risen to 3,888, Swiss health authorities said on Thursday, with 33 people reported to have died from the disease.
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Dollar rules; ECB stimulus boosts bonds but not stocks
The dollar surged on Thursday as extraordinary steps by central banks across the world to stem a coronavirus-induced financial rout saw mixed success, boosting bonds but failing to halt losses in stocks.
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Exclusive: ECB's Lagarde overruled German and Dutch resistance to 'no-limits' pledge - sources
ECB President Christine Lagarde overruled objections from Germany and the Netherlands to adopt a historic "no-limits" commitment to shore up the region's economy in the face of the coronavirus meltdown, three sources told Reuters.
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Croatia reports first death of person infected with coronavirus
Croatia registered its first death of a person infected with the coronavirus, the state public health institute said on the official government web page for the crisis.
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German army on standby to help with coronavirus crisis
The German military is making preparations to help with efforts to tackle the coronavirus crisis should other civil servant organisations become overwhelmed with the outbreak, Defence Minister Annegret Kramp-Karrenbauer said on Thursday.
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American Airlines secures $1 billion credit line to deal with coronavirus crisis
American Airlines Group Inc has secured a new year-long $1 billion credit line, taking its available liquidity to $8.4 billion, a regulatory filing showed on Thursday.
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Three people have coronavirus at U.S. mission in Geneva: official
Three people employed by the U.S. diplomatic mission in Geneva have contracted coronavirus, but are in "good condition", a spokesperson told Reuters on Thursday, declining to give specifics.
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Air France working with government to help repatriate French, European travelers
Air France said on Thursday that it was working closely with the French government to help repatriate French and European nationals abroad who might be stranded as a result of transport link closures prompted by the coronavirus.
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Credit markets flash red as coronavirus hits corporate America
From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades.
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UK says has no plans for travel restrictions or to use military to keep order
The British government has no plans to bring in blanket travel restrictions for London or to close down the capital's transport system, Prime Minister Boris Johnson's spokesman said on Thursday.
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U.S. life insurers impose waiting periods to skirt coronavirus risk
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said.
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Banks aim to keep trading floors open in event of any London lockdown
London-based banks plan to keep trading floors open even in the event of a formal lockdown of the British capital, betting that their frontline staff will be treated by authorities as "key workers".
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Exclusive: China to ramp up spending to revive economy, could cut growth target - sources
China is set to unleash trillions of yuan of fiscal stimulus to revive an economy expected to shrink for the first time in four decades amid the coronavirus pandemic, while a planned growth target is likely to be cut, according to four policy sources.
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