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10 Republicans Propose Alternate Covid Relief Plan to Biden

A group of 10 Republican senators have written President Joe Biden to propose an alternative to his massive Covid-19 relief plan, arguing that their approach could garner the bipartisan support he has said he seeks.

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Britain to Apply to Join Asia-Pacific Free Trade Bloc

Britain said it is to apply to join a massive 11-nation free-trade bloc of Asia-Pacific countries this week, not long after quitting the European Union's single market.

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Virus Pushes French Economy into Deep Recession

The French economy plunged into a deep recession last year as the coronavirus pandemic slashed total output by 8.3 percent, official figures showed Friday.

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Asian Markets a Sea of Red as Virus Woes Add to Correction Fears

Asian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines, surging infections, a stuttering economic recovery, and high valuations.

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U.S. Economic Outlook 'Highly Uncertain' amid Virus Spike

The spike in Covid-19 cases in the United States is hampering the country's economic recovery from the downturn caused by the pandemic, Fed Chair Jerome Powell said Wednesday.

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Top UAE Banks' Profits Drop amid Pandemic

The United Arab Emirates' top two banks reported drops in profit last year as they make huge provisions to counter the impact of the coronavirus crisis.

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Asian Markets Sink on Concerns over U.S. Stimulus

Asian markets sank on Tuesday following the previous day's healthy run-up, with sentiment jolted by the prospect that Joe Biden's huge stimulus could be watered down and not even be passed for several weeks.

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French-Israeli Diamond Mogul Jailed in Swiss Corruption Trial

French-Israeli diamond magnate Beny Steinmetz was sentenced by a Geneva court on Friday to five years behind bars for corruption linked to mining rights in Guinea.

After a seven-year international investigation, the 64-year-old businessman was accused of setting up a complex financial web to pay bribes so that Beny Steinmetz Group Resources (BSGR) could obtain permits in an area estimated to contain the world's biggest untapped deposits of iron ore.

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Nasdaq Rises Again ahead of Tech Earnings, Dow Drops

The Nasdaq jumped in early trading Monday ahead of earnings from tech giants, while the Dow fell on uncertainty about U.S. President Joe Biden's stimulus package and mixed Covid-19 vaccine news.

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Biden Seeks to Close 'Made in America' Loophole, Spur Manufacturing

U.S. President Joe Biden will sign an executive order Monday giving American companies and products priority in contracting with the federal government, as the new administration attempts to spur domestic manufacturing.

The order is aimed at boosting national production and saving industrial jobs by increasing investments in factories and workers, senior White House officials said, and comes after Biden promised on the campaign trail to "build back better" as the U.S. economy struggles through the Covid-19 pandemic.

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