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German manufacturing recovery remains on track in August: PMI

BERLIN (Reuters) – German manufacturers’ recovery from lockdown measures continued last month, with output growing at the fastest pace since February 2018, a survey showed on Tuesday. IHS Markit’s final Purchasing Managers’ Index (PMI) for manufacturing, which... More »

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European shares boosted by tech- all eyes on upcoming data

(Reuters) – Technology stocks drove European shares higher on Tuesday, but sentiment was shaky ahead of key economic readings that are likely to indicate an uneven recovery from the coronavirus. Apple (AAPL.O) suppliers in the region rose after the iPhone make... More »

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Russia reports nearly 5,000 new coronavirus cases

MOSCOW (Reuters) – Russia reported 4,892 new cases of the novel coronavirus on Monday, pushing its tally so far to 927,745, the fourth largest in the world. Authorities said 55 people had died across the country in the last 24 hours, increasing Russia’s offici... More »

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Czech reported coronavirus cases exceed 20,000

PRAGUE (Reuters) – The Czech Republic’s overall number of coronavirus cases rose above 20,000, as the country tries to contain regional hotspots of the virus. As of Aug. 16, there were 20,012 cases in the country of 10.7 million, with 121 new cases found on Su... More »

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Virus spike pushes Sarajevo Film Festival online

SARAJEVO (Reuters) – The Sarajevo Film Festival will be launched entirely online on Friday after a spike in coronavirus cases forced organisers to cancel plans to stage Europe’s first in-person movie fair since the outbreak of the pandemic. Just ten days ago a... More »

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European stocks flat as tech losses offset China data optimism

(Reuters) – European shares were largely flat on Monday as renewed U.S.-China tensions hit technology stocks, but a slowing decline in China’s producer prices and rising oil prices limited losses. The pan-European STOXX 600 index edged up 0.1% at the start of ... 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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Russia reports more than 5,100 new coronavirus cases

MOSCOW (Reuters) – Russian authorities confirmed 5,118 new cases of the novel coronavirus on Monday, pushing the national case tally to 892,654, the fourth largest in the world. The official death toll rose to 15,001 after authorities said in their daily coron... More »

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Russia to scrap Cyprus tax deal after talks fail: finance ministry

MOSCOW (Reuters) – Russia’s finance ministry said on Monday it would scrap an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, and that legal changes would make it more profitable for people to transfer money back ... More »

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Russia is raising oil output as OPEC+ cuts ease: source

MOSCOW (Reuters) – Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday. The Energy ... More »

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Full ceasefire takes effect in eastern Ukraine

KYIV (Reuters) – A full and comprehensive ceasefire between Ukrainian government forces and pro-Russian separatists has entered into force in eastern Ukraine, opening the prospect of an end to military and civilian casualties, the two sides said on Monday. Ukr... 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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German abattoir scandal puts cooling systems under COVID spotlight

(This July 17 story corrects to show company name in 15th paragraph is Howatherm not Howarth) By Caroline Copley BERLIN (Reuters) – A COVID-19 outbreak in Germany is forcing meatpacking plants to review infection risks posed by their cooling systems, placing t... More »

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EU leaders show first signs of compromise on stimulus plan

BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were willing to compromise on a 1.8 trillion euro ($2 trillion) coronavirus stimulus plan on Monday as talks in Brussels extended to a fourth day. Divided and slow to respond ... More »

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Analysts’ View: EU progress lifts euro, stocks on the defensive

LONDON (Reuters) – EU leaders reported some progress on Monday after three days of haggling over a coronavirus stimulus plan, sending the euro to a four-month high and Italy’s borrowing costs to lows not seen since March. An attempt to reach a compromise faile... More »

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Polish industrial output rises by 0.5% y/y in June, above forecast

GDANSK/WARSAW (Reuters) – Poland’s industrial output PLIPY=ECI rose by 0.5% in June, better than the 6.9% decline forecast by analysts, who said the statistic office data suggest the economy may overcome the coronavirus crisis faster than initially expected. T... 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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European stocks slip as cyclicals retreat, EU talks in focus

(Reuters) – European shares fell on Monday, dragged down by cyclical sectors amid a surge in coronavirus cases globally, while investors remained cautiously optimistic about the ongoing talks over an EU-wide recovery fund. An index of eurozone shares .STOXXE s... More »

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Euro zone shares flat as EU recovery plan awaited- Ericsson soars

(Reuters) – Euro zone shares were little changed on Friday as investors awaited the outcome of an European Union summit where leaders are expected to hammer out details of a 750-billion-euro ($858 billion) recovery fund. The euro zone STOXX index .STOXXE was f... More »

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Britain set to ban Huawei from 5G, though timescale unclear

LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China’s rising economic and technologi... More »

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German study shows low coronavirus infection rate in schools

BERLIN (Reuters) – Very few of 2,000 school children and teachers tested in the German state of Saxony showed antibodies to COVID-19, a study found on Monday, suggesting schools may not play as big a role in spreading the virus as some had feared. Germany bega... More »

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European stocks slip as hopes of post-pandemic rebound fade

(Reuters) – European shares fell on Tuesday as surging U.S. coronavirus cases and forecasts for a deeper-than-feared recession in the euro zone dimmed optimism around a post-pandemic rebound. The pan-European STOXX 600 index slipped 0.6%, falling back from a n... More »

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Russia reports more than 6,600 new coronavirus cases

MOSCOW (Reuters) – Russia’s official coronavirus case tally, the fourth largest in the world, rose to 687,862 on Monday after officials reported 6,611 new infections in the last 24 hours. Authorities also said 135 people had died overnight, bringing Russia’s o... More »

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Moderate rebound in German industry orders points to slow recovery

BERLIN (Reuters) – Orders for German industrial goods rose by 10.4% in May, rebounding from their biggest drop since records began in 1991 the previous month, data showed on Monday, as demand picked up after lockdown measures to fight the coronavirus were lift... More »

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One fifth of German firms fear for their survival amid pandemic: Ifo

BERLIN (Reuters) – Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, with travel agents, hotels and restaurants particularly concerned. “We could see a wave of ins... More »

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Scaled-down Czech film festival opens in empty auditorium

PRAGUE (Reuters) – A Czech film festival disrupted by the COVID-19 pandemic unveiled a scaled-down programme of movies on Friday with an opening ceremony in an empty auditorium and a star-free red carpet. The Karlovy Vary International Film Festival, central a... More »

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European shares pick up, dollar gains before quarter-end

LONDON (Reuters) – European shares picked up on Tuesday after a weak start, extending the optimism of the Asian session, and oil prices steadied as investors looked for signs of an economic recovery in the second half of 2020. The MSCI world equity index, whic... More »

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Poland’s prime minister sees fast economic recovery

WARSAW (Reuters) – Poland’s Prime Minister Mateusz Morawiecki said on Monday he expects the country’s economy to recover quickly from the damage caused by the coronavirus pandemic. “We have a chance for a V-shaped recovery,” Morawiecki told a conference. Poles... More »

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France’s Macron to visit Dutch PM Rutte to break EU budget impasse

PARIS (Reuters) – Emmanuel Macron will travel to the Netherlands on Tuesday to try to break Dutch Prime Minister Mark Rutte’s resistance to the European Union’s 750 billion euro aid package that the French president wants to see approved at an EU summit in Jul... 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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Grief over virus deaths sets Hungarian artist on darker course

BUDAPEST (Reuters) – Hungarian artist Jozsef Szurcsik lost four of his friends in a matter of weeks to COVID-19 and the tremendous pain and grief he feels has transformed his art. Szurcsik, who teaches at the Hungarian University of Fine Arts and is one of the... More »

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Dollar steadies as overnight risk-off move eases

NEW YORK (Reuters) – The U.S. dollar was slightly lower in North American morning trade on Monday, stabilizing after a move higher overnight on a sell-off in risk assets over rising fears of a second wave of coronavirus infections. The dollar index =USD, which... More »

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Hisense to start TV set production in Slovenia in January

LJUBLJANA (Reuters) – China’s household appliances maker Hisense (000921.SZ) plans to start producing TV sets in Slovenia in January 2021, creating about 350 jobs in the country, Hisense said on Monday. Production would be approximately 1.5 million TV sets in ... More »

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Germany to buy stake in CureVac as world races for COVID-19 vaccine

FRANKFURT/BERLIN (Reuters) – Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said on Monday, confirming an earlier Reuters report. The Berlin government will acquire a 23% stak... More »

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Hungary ready to help Audi run local plant at full capacity: Orban

BUDAPEST (Reuters) – Hungary is ready to give financial support to Audi (NSUG.DE) to help its manufacturing plant in the country run at full operating capacity, Prime Minister Viktor Orban was reported as saying on Monday as he visited the site. Orban said Aud... More »

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Russian cities cancel military parades over coronavirus fears

MOSCOW (Reuters) – Three Russian cities on Monday joined a growing list of places that are cancelling June 24 military parades over coronavirus fears despite a decision by President Vladimir Putin to press ahead with the main event in Moscow. Penza, Pyatigorsk... More »

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Baby dragons take their bow in a Slovenian cave

POSTOJNA, Slovenia (Reuters) – Three rare aquatic creatures known as baby dragons are going on display in an aquarium at Slovenia’s Postojna Cave, one of the country’s biggest tourist attractions. The cave-dwelling animals, officially called proteus or olms, h... More »

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Jehovah’s Witness jailed in Russia for extremism, lawyer says

MOSCOW (Reuters) – A Russian court on Tuesday sentenced a Jehovah’s Witness to six and a half years in prison after finding him guilty of organising the activities of a banned extremist organisation, his lawyer said. The ruling at the Pskov City Court, handed ... More »

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Aussie dollar falls amid feud with China, traders cash in gains

LONDON (Reuters) – The Australian dollar fell nearly 2% on Tuesday after China’s education ministry warned students to carefully consider studying there amid tension between the trading partners. The dollar found some footing, rising against tearaway commodity... More »

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Kobe Bryant honored in Bosnia with giant mural on school wall

GRADISKA, Bosnia (Reuters) – Kobe Bryant, the 18-time NBA All-Star who died in a helicopter crash in January, has been honored with a giant mural commissioned by sports enthusiasts and painted on the side of an elementary school building in northern Bosnia. “K... More »

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European stocks fall as cyclicals, BAT weigh

(Reuters) – European shares fell on Tuesday as declines in cyclical stocks and UK’s British American Tobacco threw a spanner into a rally driven by optimism over a global recovery from the coronavirus crisis. The pan-European STOXX 600 index fell 1.3%, with eu... More »

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Dollar treads water against euro- yuan sinks on U.S.-China tensions

NEW YORK (Reuters) – The dollar steadied against the euro on Wednesday even as the common currency remained supported by news of a proposal for an economic recovery package to help the euro zone region recover from the coronavirus pandemic. The euro EUR=EBS wa... More »

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Kremlin says Prime Minister Mishustin back to work

MOSCOW (Reuters) – Russian Prime Minister Mikhail Mishustin is back at work after being diagnosed with the new coronavirus, the Kremlin said on Tuesday. The Kremlin said Russian President Vladimir Putin had signed a decree cancelling a temporary transfer of Mi... More »

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Czech coronavirus cases show biggest jump in four weeks

PRAGUE (Reuters) – The number of new coronavirus cases in the Czech Republic showed its biggest daily rise in four weeks and climbed above 100 for the first time this month, the Health Ministry said on Tuesday. The ministry said 111 new cases had been recorded... More »

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Warsaw’s open-air Chopin concerts move online due to coronavirus

WARSAW (Reuters) – Lovers of Frederic Chopin’s music who usually flock to a central Warsaw park on Sundays for open-air concerts will have to go online this season to hear the weekly performances because of restrictions imposed to curb the spread of the corona... More »

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Defensives, upbeat earnings lift European shares

(Reuters) – European shares edged higher on Tuesday following a clutch of upbeat quarterly earnings reports, but investors remained cautious of a resurgence in new coronavirus cases as hard-hit economies lift lockdowns. The pan-European STOXX 600 index rose 0.... More »

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Russia reports 10,899 new coronavirus cases, surpasses UK tally

MOSCOW (Reuters) – Russia on Tuesday reported 10,899 new cases of the novel coronavirus in the last 24 hours, bringing the nationwide total past that of Britain to 232,243, the third highest total worldwide. The country’s coronavirus response centre said the d... More »

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VW’s Skoda braces for second quarter hit after earnings drop

PRAGUE (Reuters) – Czech carmaker Skoda Auto, part of the Volkswagen Group (VOWG_p.DE), reported a 25% drop in first-quarter operating profit on Monday, but said the biggest hit from the coronavirus outbreak would come in the second quarter. Skoda, the Czech R... More »

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Germany should only carefully lift virus restrictions: minister

BERLIN (Reuters) – Germany’s economy minister urged the country’s 16 federal states on Monday to go slowly in lifting coronavirus restrictions to avoid the outbreak spreading further and being forced to backtrack later. Under Germany’s decentralised political ... More »

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Adidas misses forecasts with 93% profit plunge, warns on sales

BERLIN (Reuters) – Adidas (ADSGn.DE) reported a 93% plunge in first-quarter profit and sales off 19%, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced the German sportswear maker and other retailers to close stores. F... More »

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Dance at home: Georgian national ballet moves lessons online

TBILISI (Reuters) – Georgia’s National Ballet, the former Soviet country’s famous folk dance ensemble, started giving lessons online after the group’s popular dance schools closed their doors due to the coronavirus. Around 5,000 kids and teenagers, who used to... More »

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Northwest China sees return of coronavirus cases

BEIJING/SHANGHAI (Reuters) – A northwestern province on the frontline of China’s coronavirus battle reported on Tuesday its first cases in nearly three weeks, all involving travellers from overseas, as imported infections started to level off elsewhere. The pr... More »

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European shares tumble on oil crash, dour earnings

(Reuters) – European stocks fell on Tuesday as the double whammy from a crash in U.S. crude to minus $40 per barrel and dismal first-quarter earnings reports spooked investors about the lasting damage to the global economy from the coronavirus pandemic. BP Plc... More »

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Analyst View: After U.S. oil futures crash, what next?

(Reuters) – A historic rout in oil markets sent U.S. crude prices plummeting to as much as minus $40 a barrel as traders rushed to get rid of unwanted stocks with storage capacity already overflowing amid a coronavirus-induced demand collapse. U.S. West Texas ... More »

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Ukrainian artists live-stream from their studios during lockdown

KIEV (Reuters) – Ukrainian brothers Nikita and Egor Zigura work on their sculpture of a giant fingerprint as art enthusiasts look on via a live-streaming internet link and make bids for the developing work. The online auction is part of a new “Stay Art Home” s... More »

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Russia reports new record daily rise of coronavirus cases

MOSCOW (Reuters) – Russia on Monday reported 2,558 new cases of the novel coronavirus, a record daily rise, bringing its overall nationwide tally to 18,328. Russia’s coronavirus crisis response centre said that 148 people diagnosed with the virus have died so ... More »

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Key EU states agree coronavirus economic rescue -text of draft deal

BRUSSELS (Reuters) – European Union countries on Thursday evening agreed the emergency credit lines from the euro zone’s bailout fund “will be available until COVID-19 crisis is over”, a draft of their deal read. Afterwards, euro countries should remain commit... More »

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Isolation art: recreate masterworks with cabbage, lentils and socks

MOSCOW (Reuters) – While making blinis one morning in self-isolation, Natalia Goroshko noticed one in her pan had taken the floppy form of one of Salvador Dali’s melting clocks. The 31-year-old Belarusian living in Texas placed three blinis in her kitchen to m... More »

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Bosnian band cheers up fans with weekly online ‘Quarantine Show’

SARAJEVO (Reuters) – Bosnia’s most popular band, Dubioza Kolektiv, invites its audience to “stay connected and disinfected” during a weekly “Quarantine Show” online to cheer up fans locked in their homes due to the coronavirus. Bosnia, like most states in Euro... More »

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European shares jump as coronavirus deaths slow

(Reuters) – European shares rebounded on Monday as a slowdown in coronavirus deaths raised hopes that nationwide lockdowns were starting to show results, while Rolls Royce soared after becoming the latest multinational firm to raise cash to weather an economic... More »

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UK car sector slashes 2020 sales forecast by 23% due to coronavirus

LONDON (Reuters) – A group representing Britain’s car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represented a 25% fall from the number of new car registrations in 2... More »

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Czechs report slowest daily rise in coronavirus cases

PRAGUE (Reuters) – The Czech Republic reported its slowest daily percentage rise in confirmed coronavirus cases on Monday, as the country entered fourth week of restrictions on business and movement. The country had 4,591 cases as of Sunday midnight, up 2.6% f... More »

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Russia’s coronavirus cases jump by almost 1,000 in 24 hours

MOSCOW (Reuters) – Russia’s coronavirus case tally has risen to 6,343 in the past 24 hours, a record daily increase of 954, the country’s crisis response centre said on Monday. Cases have been recorded widely, but Moscow remains the epicentre of the outbreak w... More »