Chrystia Freeland named new Canada finance minister

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Canada's deputy prime minister Chrystia Freeland has been named finance minister following a Cabinet shuffle. Her appointment comes after Bill Morneau suddenly quit the job amid pressure from opposition parties. One of Prime Minister Justin…

Seoul tightens Covid-19 curbs as cases surge

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Museums, nightclubs and karaoke bars have closed in and around South Korea's capital, Seoul, as Covid-19 cases reach a five-month high. The country reported another 297 new cases - the highest daily figure since March. South Korea is viewed…

Qantas reports £1bn annual loss

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Qantas has reported an annual loss of almost A$2bn (£1bn) as it deals with the impact of the coronavirus pandemic. The Australian flag carrier's boss says trading conditions are the worst in the airline's 100-year history. The firm also…

Indonesia president calls to "reboot" economy amid pandemic

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Indonesia must use the coronavirus pandemic to reboot Southeast Asia’s biggest economy, President Joko Widodo said, as he proposed a $187 billion 2021 budget that includes spending more on healthcare, including vaccines, and infrastructure. Widodo…

Spain struggles to contain Europe's worst virus infection rate

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Just seven weeks after controlling its first coronavirus wave, experts say Spain is once again at a "critical" stage with the worst infection rate in Western Europe. The country reported an average of 4,923 new daily cases of the respiratory…

UK goes into record recession after economy shrinks by 20%

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The United Kingdom officially went into a recession after the economy contracted by a record 20.4% in the second quarter with the country in lockdown over the coronavirus pandemic, official data showed. "It is clear that the UK is in the…

Biden, Harris vow to 'rebuild' America

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Joe Biden and Kamala Harris, marked their first public appearance for their joint White House bid, with the vice presidential nominee saying Americans are "crying out for leadership" to overcome the triple crisis of a pandemic, racial injustice…

UK will be 'ruthless' over quarantine: Johnson

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British Prime Minister Boris Johnson said his government was prepared to be ruthless with even its closest partners over COVID-19 quarantine rules, after he was asked whether France would be removed from the government’s safe-travel list. Britain…

World needs to spend at least $100 bln to fight virus: WHO

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The world needs to spend at least $100 billion on new tools to address the coronavirus pandemic, World Health Organization chief Tedros Adhanom Ghebreyesus said. More than 20.69 million people have been reported to be infected by the novel…

Gold price drops after historical rise

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Gold prices dropped significantly, as it fell by more than 4% below the level of $ 2000 per ounce. In Bahrain, the price of 24 karats dropped to (23.62 dinars) when it was more than 25 dinars four days ago, 22 karats at 21.65 dinars (four…

Apple boss Tim Cook joins the billionaires club

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Apple chief executive Tim Cook has moved into the billionaire club as the tech firm's share price continues to soar. Apple's market value has been on the rise following strong results and the upbeat outlook for tech giants. Mr Cook owns…

Russia's Covid-19 vaccine approved for use

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Russian President Vladimir Putin has said a locally developed vaccine for Covid-19 has been given regulatory approval after less than two months of testing on humans. Mr Putin said the vaccine had passed all the required checks, adding that…

Beirut marks one week since explosion

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People in the Lebanese capital, Beirut, have held a minute of silence for the more than 200 people believed to have been killed by an explosion a week ago. The commemoration took place at 18:09 (15:09 GMT), the exact time when 2,750 tonnes…

New Zealand records first virus cases in 102 days

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New Zealand has put its second-largest city back into lockdown after recording four new Covid-19 cases, ending a 102-day streak without a local infection. A three-day lockdown was swiftly imposed in Auckland after the cases were confirmed. The…