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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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It is rocket science: EU to speed up space ambitions, Breton says

PARIS (Reuters) – The European Union will plough more money into rocket launches, satellite communication and space exploration to preserve its often unsung successes in space and keep up with US and Chinese ambitions, its space chief said on Sunday. Over the ... More »

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Fund giant BlackRock ‘warming up’ to European assets

LONDON (Reuters) – BlackRock’s Investment Institute said on Tuesday it was “warming up” to European assets following what it called the eurozone’s “impressive” efforts to tackle the coronavirus. The research arm of the world’s biggest fund manager said two fac... More »

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China’s annual dog-meat fair opens- activists hope for last time

SHANGHAI (Reuters) – China’s notorious dog-meat festival has opened in defiance of a government campaign to improve animal welfare and reduce risks to health highlighted by the novel coronavirus outbreak, but activists are hopeful its days are numbered. The an... 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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Chinese bomber approaches Taiwan in latest fly-by near island

TAIPEI (Reuters) – Chinese air force jets, including at least one bomber, briefly entered Taiwan’s air defence identification zone on Monday, before being warned off by its air force, the island’s military said, the eighth such encounter in two weeks. The enco... More »

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Coronvirus pandemic has been exacerbated by politicisation: WHO

DUBAI (Reuters) – The global coronavirus pandemic has been exacerbated by polititicisation, the World Health Organization’s director general said on Monday. Tedros Adhanom Ghebreyesus was speaking at a virtual health forum organised by the World Government Sum... More »

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China warns of reprisal as Japanese city changes disputed area name

BEIJING (Reuters) – China said on Monday it reserves the right to respond to a Japanese city’s decision to rename the administrative area that includes remote islands claimed by both China and Japan and have long been a source of friction between the neighbour... More »

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China reports 18 new coronavirus cases, nine in Beijing

BEIJING (Reuters) – China reported 18 new coronavirus cases for June 21, 9 of which were in the capital Beijing, the National Health Commission said on Monday. This compared with 26 confirmed cases a day earlier, 22 of which were in Beijing. Local authorities ... More »

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China postpones Beidou satellite launch over technical problem

BEIJING (Reuters) – China indefinitely postponed on Tuesday the launch of the final satellite of its Beidou navigation network because of technical problems in the rocket meant to launch it into orbit. The official website for the Beidou network said in a stat... More »

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Crowds gather for coronavirus tests in Beijing amid new outbreak

BEIJING (Reuters) – On a sweltering Beijing afternoon, police vehicles blocked roads near the Guangan Sports Center complex and security guards warned the public to stay clear as residents filed in for testing amid the city’s COVID-19 outbreak. Staff in white ... More »

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Beijing imposes curbs as coronavirus returns to Chinese capital

BEIJING (Reuters) – Several districts of the Chinese capital put up security checkpoints, closed schools and ordered people to be tested for the coronavirus on Monday after an unexpected spike of cases linked to the biggest wholesale food market in Asia. After... More »

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Tiny 13,500-year-old bird statuette shows origins of Chinese art

WASHINGTON (Reuters) – A tiny statuette of a bird carved from burnt bone about 13,500 years ago reveals the origins of Chinese art, embodying a style different from prehistoric three-dimensional artwork by people in other parts of the world, researchers said o... More »

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U.N. expert says some are ‘starving’ in North Korea

GENEVA (Reuters) – A United Nations human rights expert voiced alarm on Tuesday at what he called “widespread food shortages and malnutrition” in North Korea, made worse by a nearly five-month border closure with China and strict quarantine measures against CO... More »

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Hong Kong spearheads $5 billion Cathay Pacific rescue package

SYDNEY/HONG KONG (Reuters) – Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways (0293.HK), which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic. The government’s involvement in the recapitalisatio... More »

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TSMC says could fill order gap if unable to sell chips to Huawei

HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesd... More »

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TSMC says still in talks about subsidies for new U.S. plant

HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday. “We hope federal and state governments could make... More »

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Winging it: Paris gallery keeps visitors apart with extension hats

PARIS (Reuters) – An art gallery in Paris has sought inspiration in ancient China to help it enforce social distancing, by providing hats with winged extensions for visitors. The colourful papier-mâché hats are modelled on headgear from the Song dynasty, which... More »

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A crisis that has blunted the euro’s global profile

LONDON (Reuters) – The coronavirus crisis may have dealt a lethal blow to the idea that the euro could one day replace the dollar as the world’s preferred currency, by exposing euro zone frailties and cementing the U.S. Fed’s role as global lender of last reso... More »

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Tesla’s China car registrations plunge 64% month-on-month in April

BEIJING (Reuters) – U.S. electric vehicle maker Tesla Inc (TSLA.O) suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy LMC Automotive showed. Tesla’s China registrations, including imported cars, fell to 4,63... More »

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China’s delayed parliament to focus on reviving virus-hit economy

BEIJING (Reuters) – After a 78-day delay, China’s parliament begins its annual session this week and is expected to unveil stimulus measures to spur an economy battered by the coronavirus as leaders grapple with problems from surging unemployment to worsening ... More »

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China expected to keep lending benchmark unchanged: analysts

SHANGHAI (Reuters) – China is expected to stand pat on its benchmark lending rate on Wednesday, after the central bank kept medium-term funding cost for financial institutions steady last week, a Reuters survey of traders and analysts found. Thirty-four respon... More »

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China’s Li focused on self improvement during COVID-19 shutdown

(Reuters) – China’s Li Haotong says the disruption to the golf calendar due to the COVID-19 pandemic has made him love the sport even more and he has been using the enforced break to iron out the flaws in his game. The 24-year-old, who last year became the fir... More »

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Disney’s streaming chief Mayer to become TikTok CEO

(Reuters) – Walt Disney Co’s (DIS.N) top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China’s ByteDance Technology Co, the companies said on... More »

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Baidu sees robust quarter as China’s economy reopens

(Reuters) – Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations on Monday, as businesses reopen in the world’s second-largest economy after strict lockdowns to curb the spread of the coronavirus. Baidu’s U.S.-listed shares ... More »

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China says it is not yet the time to relax coronavirus measures

BEIJING (Reuters) – China’s health authority said on Tuesday that the reappearance of local clusters of coronavirus cases in recent days suggests that counter-epidemic measures cannot be relaxed yet. While prevention and control efforts have normalised, that d... More »

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China announces new tariff waivers for some U.S. imports

BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s fi... More »

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Stocks falter as anxiety grows over second coronavirus wave

SYDNEY/HONG KONG (Reuters) – Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. European markets were... More »

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U.S. stock funds shed $10.8 million in week: Lipper

(Reuters) – U.S.-based stock funds posted $10.8 billion in outflows in the week ended ON Wednesday, according to Lipper. U.S. taxable bond funds attracted $11.9 billion, the fourth straight weekly inflow, while money market funds draw $32.8 billion, the tenth ... More »

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U.S. steers clear as global COVID-19 pledging conference begins

BRUSSELS (Reuters) – World leaders launched a pledging “marathon” on Monday – without the United States – to raise at least $8 billion for research into a possible vaccine and treatments for the coronavirus. Organisers included the European Union, non-EU state... More »

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Trump says up to 100,000 Americans may die from coronavirus

WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday he now believes as many as 100,000 Americans could die in the coronavirus pandemic, after the death toll passed his earlier estimates, but said he was confident a vaccine would be developed by t... More »

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China’s market regulator inspects Luckin Coffee

SHANGHAI (Reuters) – Luckin Coffee (LK.O) said on Monday China’s State Administration for Market Regulation was carrying out work to understand the coffee chain’s operating situation and added that it was actively cooperating. It also said in a statement poste... 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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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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Bayer more stringent in glyphosate settlement talks due to downturn

FRANKFURT (Reuters) – German drugs and pesticides company Bayer said the economic downturn has prompted it to take a tougher stance in talks to settle claims its glyphosate-based weedkillers cause cancer, even as its earnings rose. The pandemic has significant... More »

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China eases restrictions on exports of some coronavirus equipment

(This April 26 story has been refiled to correct spelling of commerce ministry official’s first name in paragraph four) BEIJING (Reuters) – China is dropping a requirement that a number of key virus care products get domestic regulatory approval before export,... More »

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Latest on the spread of the coronavirus around the world

(Reuters) – More than 2.97 million people have been reported to be infected by the novel coronavirus globally and 205,948 have died, according to a Reuters tally, as of 0200 GMT on Monday. DEATHS AND INFECTIONS * For an interactive graphic tracking the global ... More »

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Coronavirus came to New York from Europe, not China – governor

(Reuters) – New York Governor Andrew Cuomo on Friday pointed to research showing that strains of the novel coronavirus entered his state from Europe, not China, and said that travel bans enacted by U.S. President Donald Trump were too late to halt its spread. ... More »

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China unveils name of first Mars exploration mission

BEIJING (Reuters) – China’s space agency on Friday unveiled the name of its first Mars exploration mission, coinciding with China’s annual Space Day and the 50th anniversary of the launch of its first satellite. The Mars mission has been named Tianwen-1, the o... More »

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In dress of giant inflatable roses, Chinese artist marks Earth Day

BEIJING (Reuters) – Wearing a dress she made of eight giant plastic inflatable roses over a wire structure and a headpiece crowned by a globe, Chinese performance artist Kong Ning is using fashion to draw attention to environmental protection on Earth Day. “Ro... 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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China seeks fast-track travel arrangements with some countries

BEIJING (Reuters) – China is in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains, the foreign ministry said on Tuesday. Foreign ministry spok... More »

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WHO warns lifting of coronavirus lockdowns must be gradual

BEIJING (Reuters) – The World Health Organization warned on Tuesday that any lifting of lockdowns to contain the spread of the novel coronavirus must be gradual, and if restrictions were to be relaxed too soon, there would be a resurgence of infections. Lockdo... More »

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WHO says concerned about rising confirmed cases in Japan

BEIJING (Reuters) – The World Health Organization said on Tuesday that it was concerned about the increasing number of confirmed cases of the new coronavirus in Japan. But Japan is not yet in the stage of a large-scale community outbreak, Takeshi Kasai, WHO Re... 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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China says there is no discrimination against ‘African brothers’

BEIJING (Reuters) – China said on Monday there was no discrimination against “African brothers” in the country and rejected U.S. accusations of mistreatment of Africans in Guangzhou as an attempt to harm Beijing’s relations with African nations. Foreign minist... More »

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‘Rice ATM’ feeds Vietnam’s poor amid virus lockdown

HO CHI MINH CITY (Reuters) – A Vietnamese entrepreneur in Ho Chi Minh City has invented a 24/7 automatic dispensing machine providing free rice for people out of work following an ongoing nationwide lockdown to curb the spread of the novel coronavirus. Vietnam... More »

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Baseball, soccer seasons get underway in Taiwan

TAIPEI (Reuters) – The baseball and soccer seasons got underway behind closed doors in Taiwan at the weekend, providing rare live action for fans at home at a time when the COVID-19 pandemic has shut down most professional sport around the globe. Taiwan has be... More »

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ITTF chief mulls scrapping individual world championships

SYDNEY (Reuters) – International Table Tennis Federation (ITTF) chief Steve Dainton has suggested the sport’s annual individual world championships be scrapped, with champions instead decided by the winners of the new “Grand Smash” mega tournaments. The world ... More »