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U.N. Warns of 'Death Sentence' for Yemen as Donor Pledges Fall Short

The United Nations chief warned Monday of a "death sentence" for war-torn Yemen as a donor conference yielded less than half the funds needed to prevent a devastating famine.

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Asia Markets Stage Rebound after Last Week's Rout

Equities rose in Asia on Monday as investors took a breather following last week's heavy selling, with a drop in US Treasury yields giving markets some much-needed stability, while the passage of Joe Biden's stimulus through the House provided some cheer.

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China Factory Activity Grows at Slowest Pace in 9 Months

Factory activity in China grew at the slowest pace in nine months in February, as business operations slowed over the country's Lunar New Year holiday, according to official data released Sunday.

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Senate Ruling Sinks U.S. Minimum Wage Hike in Covid Aid Bill

A key U.S. Senate official ruled Thursday that President Joe Biden's $15 per hour minimum wage measure cannot be included in the huge Covid relief bill as written, imperiling Democratic efforts to fulfill a progressive priority.

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India Exits Recession with 0.4 Percent Quarterly Growth

India's economy grew 0.4 percent year-on-year in the final quarter of 2020, official data showed Friday, ending its first recession since independence as easing coronavirus restrictions sparked a modest recovery.

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IMF Says Argentine Team Expected to Hold Loan Talks in Mid-March

Argentine Economy Minister Martin Guzman is expected to visit Washington in mid-March to continue talks with the IMF on a new loan package, a fund spokesperson said Thursday.

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U.S. Trade Rep Nominee Says Biden Team Supports Use of Tariffs

The administration of President Joe Biden views tariffs as a valuable policy tool, the nominee to be the next U.S. Trade Representative, Katherine Tai, told lawmakers Thursday at her confirmation hearing.

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World's Biggest Wealth Fund Divests from Tax Dodgers

Norway's sovereign wealth fund, the world's largest with assets of $1.3 trillion, said Thursday it had last year, for the first time, divested from companies it believes had dubious tax reporting practices.

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Qantas Posts Huge Loss, Says No International Flights until October

Australian carrier Qantas reported on Thursday a US$5.5 billion plunge in revenue during the second half of 2020 and said international passenger flights would not resume until October as the pandemic continued to devastate the industry.

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Covid Variants to Slow Air Traffic Recovery

Global air passenger traffic will recover more slowly than expected this year because coronavirus variants have created strong headwinds, an industry group warned Wednesday.

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