Equities climb on hopes coronavirus pandemic is peaking

World News - Wed, 2020-04-08 16:17
World equity markets surged and oil prices jumped on Wednesday on hopes the coronavirus pandemic is getting close to peaking and that more government stimulus measures could be on the way.
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As Spain battles virus, medics' unions hit out

World News - Wed, 2020-04-08 16:13
When Spain's first case of coronavirus was recorded on Jan. 31 - a German tourist in La Gomera, one of the remote Canary Islands - there seemed little cause for concern.
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U.S. coronavirus death projection lowered, New York fears undercount

World News - Wed, 2020-04-08 13:23
U.S. officials warned Americans to expect alarming numbers of coronavirus deaths this week, even as an influential university model on Wednesday scaled back its projected U.S. pandemic death toll by 26% to 60,000.
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New York has 779 more deaths, governor says social distancing working

World News - Wed, 2020-04-08 13:23
New York's efforts at social distancing are working to get the coronavirus pandemic under control even as the number of deaths over the past 24 hours hit a new high of 779 across the state, Governor Andrew Cuomo said on Wednesday.
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Sanders suspends White House bid, making Biden presumptive Democratic nominee

World News - Wed, 2020-04-08 13:13
Democratic presidential candidate Bernie Sanders suspended his campaign on Wednesday, making former Vice President Joe Biden the presumptive nominee to face Republican President Donald Trump in the Nov. 3 election.
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Toyota extends North American plant shutdown; will stop paying 5,000 temporary workers

World News - Wed, 2020-04-08 13:07
Toyota Motor Corp said Wednesday it plans to reopen its North American auto plants on May 4, extending its current shutdown by two additional weeks.
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U.S. planning ways to 'ease' back to normal if virus efforts work: Fauci

World News - Wed, 2020-04-08 12:47
U.S. health officials are planning ways for the country to return to normal activities if distancing and other steps to mitigate COVID-19 this month prove successful in curbing the outbreak, the top U.S. infectious disease official said on Wednesday.
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Equities climb on hopes pandemic is peaking

World News - Wed, 2020-04-08 12:15
World equity markets moved higher and oil prices stabilized on Wednesday on hopes the coronavirus pandemic is peaking and that more government stimulus measures could be on the way.
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Japan reports biggest daily jump in COVID-19 cases as emergency begins

World News - Wed, 2020-04-08 12:11
Japan recorded 503 new coronavirus infections on Wednesday, its biggest daily increase since the start of the pandemic, as a state of emergency took effect but commuters still crowded some trains into Tokyo despite government calls to stay at home.
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Zoom hires former Facebook security chief to beef up privacy, safety

World News - Wed, 2020-04-08 11:58
Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser and set up an advisory board to improve the privacy and security of its rapidly growing video-conferencing app amid a global backlash.
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Britain trying to get money back for unreliable antibody tests, official says

World News - Wed, 2020-04-08 11:42
Britain is looking to get its money back after buying some COVID-19 antibody tests to trial them only to find that none of the products worked reliably enough, a British health official said on Wednesday.
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Pulp friction: Border jams delay supply of toilet paper's only ingredient

World News - Wed, 2020-04-08 11:39
As several European borders limit travel to stop the spread of COVID-19, two of the world's biggest pulp makers say transportation logjams are delaying shipments of the raw material - the only ingredient in the toilet paper that people are hoarding to weather quarantines.
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From deliveries in Arizona to fish markets in California, coronavirus changes how we buy our food

World News - Wed, 2020-04-08 11:22
Eric Cohn used to wear a respirator mask, goggles and gloves only to protect against mold and asbestos as he restored homes in Tucson, Arizona. Now he dons the same gear in his new job - shopping for quarantined customers.
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Wobbly U.S. fiscal response could deepen coronavirus recession

World News - Wed, 2020-04-08 11:20
The U.S. government's massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don't-sweat-the-details flood of cash to people and businesses in a $22 trillion system that has ground to a halt.
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Key U.S. coronavirus death projection revised down to 60,000

World News - Wed, 2020-04-08 09:57
Some 60,000 Americans could die in the coronavirus pandemic, a university model often cited by U.S. and state policymakers projected on Wednesday, a 26% reduction in its most recent forecast death toll.
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Ex-Vatican treasurer Cardinal Pell acquitted of sex offences, leaves jail

World News - Wed, 2020-04-08 09:52
Australia's highest court acquitted former Vatican treasurer George Pell on Tuesday of sexually assaulting two teenaged choirboys in the 1990s, freeing the 78-year-old cardinal after 404 days in jail.
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After Pell acquittal, pope compares 'unjust sentences' to persecution of Jesus

World News - Wed, 2020-04-08 09:52
Just hours after Australia's highest court threw out the sex abuse conviction of the Vatican's former treasurer, Pope Francis offered his morning Mass for all those who suffer from unjust sentences, which he compared to the persecution of Jesus.
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German foreign ministry restricts use of Zoom over security concerns: report

World News - Wed, 2020-04-08 09:44
The German foreign ministry has restricted use of the video conferencing service Zoom , saying in an internal memo to employees that security and data protection weaknesses made it too risky to use, newspaper Handelsblatt reported on Wednesday.
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Germany's short-time work fix offers Europe a crisis model

World News - Wed, 2020-04-08 09:05
A tried-and-tested German model of sending workers home in exchange for job guarantees during downturns could help the European Union limit the damage from the coronavirus pandemic.
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UK PM Johnson 'clinically stable' in intensive care battling COVID-19

World News - Wed, 2020-04-08 08:29
British Prime Minister Boris Johnson was "clinically stable" in intensive care on Wednesday and responding to treatment for COVID-19 complications, amid questions about how key coronavirus crisis decisions would be made in his absence.
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