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Highlights: U.S. Open day one

NEW YORK(Reuters) – Highlights of the first day at the U.S. Open on Monday (times ET- GMT-4). The Grand Slam, the second this year after Wimbledon was cancelled and the French Open was postponed, is being played without spectators due to the COVID-19 pandemic:... More »

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Asia shares push ahead as China markets jump

SYDNEY (Reuters) – Asian shares crept back toward recent peaks on Monday as Chinese markets swung higher, while investors waited to see if the recent sell-off in longer-dated U.S. Treasuries would extend and maybe take some pressure off the beleaguered dollar.... More »

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Take Five: Impasse!

1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »

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Dollar in the doldrums- U.S. politics, Fed minutes eyed

SINGAPORE (Reuters) – The dollar slipped marginally and commodity currencies inched higher on Monday as investors were relieved by a delay in the review of the U.S.-China trade pact which left the deal intact. The moves in the Asia session were modest, as weak... More »

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Stocks dip on lukewarm data- oil falls

NEW YORK (Reuters) – Stocks fell on Friday as data out of China, the euro zone and the United States put a lid on expectations for a sustained global rebound, with traders already worried about a delay in U.S. fiscal stimulus. A review of the U.S.-China trade ... More »

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Dollar rally regains some momentum- Aussie and Kiwi fall

LONDON (Reuters) – The dollar rose in early London trading on Monday, including versus the euro and Swiss franc, with investors focusing on fiscal stimulus in the United States and U.S.-China tensions ahead of key trade talks on August 15. After talks in Washi... More »

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Australia says COVID-19 outbreak shows signs of peaking

SYDNEY (Reuters) – Australia recorded its biggest one-day rise in COVID-19 deaths on Monday although a slowdown in new cases gave hope that a second wave of new infections in the state of Victoria may have peaked. Nineteen people had died from the virus, all i... More »

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Special Report: COVID opens new doors for China’s gene giant

SYDNEY (Reuters) – As countries scramble to test for the novel coronavirus, a Chinese company has become a go-to name around the world. BGI Group, described in one 2015 study as “Goliath” in the fast-growing field of genomics research, is using an opening crea... More »

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Summer mood swings: markets turn higher on hopes of virus aid

LONDON (Reuters) – World stocks and the dollar rallied after a cautious European morning as thin summer trading led to sharp swings in the market, and worries about U.S. gridlock over the next round of coronavirus aid eased. In Europe, stocks were up 1.2% as t... More »

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Australia posts daily virus record, more deaths expected

SYDNEY (Reuters) – Australia’s Victoria state on Monday reported the country’s highest daily increase in coronavirus infections, prompting the authorities to warn a six-week lockdown may last longer if people continue to go to work while feeling unwell. The se... More »

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Gold roars to record high, dollar dives again

LONDON (Reuters) – Gold soared to an all-time high on worsening ties between the United States and China, a sinking dollar and ultra-low interest rates on Monday, while stock markets faltered before a deluge of corporate earnings. Europe’s main stock markets w... More »

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TikTok under scrutiny in Australia over security, data concerns

SYDNEY (Reuters) – Australia is scrutinising the popular Chinese-owned social media TikTok platform for any risks it may pose to users from around potential foreign interference and data privacy issues, government sources told Reuters. Owned by Bytedance, TikT... More »

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Euro hits four-month high on hopes for EU recovery fund deal

LONDON (Reuters) – The euro retreated after hitting a 19-week high of $1.1467 on Monday after EU summit chairman Charles Michel said a recovery fund to revive economies hit by the COVID-19 pandemic could contain 390 billion euros in grants. EU leaders have mad... More »

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Racing Point confident they can see off Renault protest

LONDON (Reuters) – Racing Point accused Formula One rivals Renault on Monday of making a “misconceived and poorly informed” protest against them at the Styrian Grand Prix and said they were confident of winning. Stewards said on Sunday that the protest was adm... More »

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Badminton: BWF seeking further advice on Chinese tournaments

(Reuters) – The Badminton World Federation (BWF) are seeking more information from China about its decision to cancel all international sport in the country this year before they make a decision on the season-ending World Tour Finals. The World Tour Finals, sc... More »

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Grim data keeps euro, sterling under pressure

LONDON (Reuters) – A fresh batch of grim economic data kept the euro and the pound under pressure on Tuesday as sentiment faltered amid fears new COVID-19 hot spots across the world might jeopardise the swift recovery from the pandemic investors are hoping for... More »

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Bear-sized wombat cousin roamed Australia 25 million years ago

WASHINGTON (Reuters) – A powerfully built relative of modern wombats that was the size of a black bear roamed Australia’s woodlands about 25 million years ago, possessing shovel-shaped hands and strong forelimbs indicating it was an adept digger, scientists sa... More »

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Rainy day hastens sovereign wealth funds’ refocus to home

LONDON (Reuters) – Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought ... More »

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Global stocks shrug off fresh virus wave fears, dollar slips

LONDON (Reuters) – World stocks reversed earlier losses and the dollar slid on Monday as investors shrugged off worries that rising coronavirus infections in parts of Europe and the United States over the weekend could scupper a quick economic rebound. Torn be... More »

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Japan withdrawing 2023 Women’s World Cup bid: Kyodo

TOKYO (Reuters) – Japan is withdrawing its bid to host the 2023 Women’s World Cup, Kyodo news agency quoted a source as saying on Monday, just days before football’s world governing body holds a vote to determine the successful candidate. The Japanese bid is o... More »

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Australia striker Juric tests positive for COVID-19

SOFIA (Reuters) – CSKA Sofia’s Australian striker Tomi Juric has tested positive for COVID-19, the 31-times Bulgarian champions said in a statement late on Sunday. The 28-year-old forward, who has played 41 times for his country, has been isolated. Other CSKA ... More »

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Wallabies coach Rennie cautious about scrapping ‘Giteau Law’

MELBOURNE (Reuters) – Incoming Wallabies coach Dave Rennie is cautious about scrapping Australia’s ‘Giteau Law’, which limits selection of overseas-based players to those with 60 test caps or more, fearing it may lead to an exodus of talent and harm the domest... More »

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Cate Blanchett reveals ‘a bit of a chainsaw accident’

(Reuters) – Actress Cate Blanchett suffered an accident with a chainsaw during the coronavirus lockdown with her family, she revealed during a podcast. The Oscar-winning star of films like “Blue Jasmine” and “Aviator” gave no details about the mishap but said ... More »

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Rowing: Row me to the moon, let me scull among the stars

WELLINGTON (Reuters) – Rowers from New Zealand, Australia, Canada and Britain whose training on the water has been restricted due to the novel coronavirus pandemic have been challenged to help their countries row to the moon. Or at least the distance from the ... More »

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‘I’m back’ declares Tyson in training video

(Reuters) – Former-world heavyweight champion Mike Tyson continued to tease boxing fans about a possible return to the ring by posting another training video on Instagram on Monday that ended with the message, “I’m back”. The 53-year-old caught the attention o... More »

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Australia sets plan to end most COVID-19 restrictions by July

SYDNEY (Reuters) – Australia will ease social distancing restrictions in a three-step process, Prime Minister Scott Morrison said on Friday, as Canberra aims to remove most curbs by July and get nearly 1 million people back to work amid a decline in coronaviru... More »

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FINA postpones 2021 Fukuoka world championships to May 2022

TOKYO (Reuters) – Swimming’s world governing body FINA rescheduled the 2021 Fukuoka aquatics world championships to May 2022 on Monday to avoid a clash with the postponed Tokyo Olympics. The new dates for the swimming event in the Japanese city are May 13-29, ... More »

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Australia to pour $190 million into hydrogen projects

MELBOURNE (Reuters) – The Australian government on Monday set aside A$300 million ($191 million) to jumpstart hydrogen projects with the help of low-cost financing as the country aims to build the industry by 2030, the country’s energy minister said on Monday.... More »

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Asia shares rally as BOJ buys more bonds- U.S. crude skids

SYDNEY/HONG KONG (Reuters) – Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, but the recent weak run in the global oil price showed no signs of ending. MSCI’s broad... More »

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Yen edges up after BOJ, pound gains on hopes of lockdown easing

TOKYO (Reuters) – The yen edged higher on Monday after the Bank of Japan expanded stimulus to help companies hit by the coronavirus crisis while the pound rose against the dollar and euro on optimism Britain may soon ease a month-long lockdown. The BOJ’s decis... More »

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Nadal pessimistic over chances of return to normal for tennis

(Reuters) – Rafa Nadal has said he is very pessimistic about the possibility of tennis returning to normal any time soon because of the new coronavirus pandemic that shut down the sport last month. Professional tennis has been suspended until the end of July, ... More »

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Australian nude drawing classes move online amid coronavirus

SYDNEY (Reuters) – Australian life model Leigh Pitchford casually poses with a towel partly draped over his naked body, ready to be sketched by a group of art students in Sydney. Except, the class is empty, save for an art teacher and videographer. In an era o... More »

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Oil gains on OPEC+ deal, stocks stymied by pandemic worries

TOKYO/SINGAPORE (Reuters) – Global equities weakened on Monday as investors braced for more indications of economic damage from the coronavirus pandemic while oil prices rose in choppy trade following a landmark deal by OPEC and its allies to cut output. U.S. ... More »

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Triathlon: Blame it on the husband, says triathlete Carfrae

(Reuters) – Australian triathlete Mirinda Carfrae was cruising along in second place in a virtual bike race when she unexpectedly lost her way. The former world champion, competing from her home in Boulder, Colorado, was suddenly left facing a blank screen dur... More »

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Olympics: AOC boss Coates takes pay cut due to coronavirus

MELBOURNE (Reuters) – Australian Olympic Committee (AOC) President John Coates said on Friday he has taken a 20% cut to his “consulting fees” due to the coronavirus crisis. Coates’s fees were A$594,000 ($360,000) for 2020 but he said he would take only A$475,6... More »

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Landmark skull fossil provides surprising human evolution clues

WASHINGTON (Reuters) – Scientists have solved a longstanding mystery over the age of a landmark skull found in 1921 in Zambia – the first fossil of an extinct human species discovered in Africa – in research with big implications for deciphering the origin of ... More »

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Tom Hanks returns to LA after bout of coronavirus: media reports

LOS ANGELES (Reuters) – Tom Hanks and his wife Rita Wilson returned to Los Angeles on Friday after spending more than two weeks in quarantine in Australia after testing positive for the coronavirus. The “Forrest Gump” and “Toy Story” actor and Wilson were phot... More »

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IOC to start discussions on possible Tokyo 2020 postponement

ATHENS (Reuters) – The International Olympic Committee is stepping up its “scenario planning” for the Tokyo 2020 Games — including a possible postponement — as the coronavirus pandemic spreads, it said after an emergency meeting on Sunday. The IOC will hold di... More »

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Gold medalist Skinner slams IOC’s Bach’s “arrogance”

(Reuters) – Britain’s Olympic gold medal track cyclist Callum Skinner has attacked International Olympic Committee president Thomas Bach’s decision to wait up to a month to make a decision on the 2020 Tokyo Games. “IOC President Thomas Bach’s stubbornness and ... More »

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Factbox: Past boycotts and cancellations

(Reuters) – Canada and Australia said they would not be sending athletes to the Tokyo Olympics if the Games went ahead as scheduled in July and August this year because of the coronavirus pandemic. Here is a list of previous cancellations, boycotts and changes... More »

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Fins of prehistoric fish reveal origins of the human hand

WASHINGTON (Reuters) – Inside the stout fins of a fish that prowled the shallow waters of an estuary in what is now eastern Canada about 380 million years ago, scientists have found what they call the evolutionary origins of the human hand. The researchers exa... More »