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UK PM unveils 5-bln-pound plan to fuel economic recovery

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LONDON, July 01 (Net) -- British Prime Minister Boris Johnson on Tuesday announced a 5-billion-pound (about 6.2-billion-U.S. dollar) plan to fuel economic recovery in the wake of the coronavirus crisis.
In a speech in Dudley, a city close to Birmingham in the West Midlands region, Johnson said the government "is wholly committed not just to defeating coronavirus, but to using this crisis finally to tackle this country's great unresolved challenges of the last three decades."
At a podium...

IMF official urges boosting intra-Asia trade amid anti-globalization sentiment

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WASHINGTON, JULY 01 (Net) -- Anti-globalization sentiment will rise due to the COVID-19 pandemic, and intra-regional trade will become very important for Asian countries, said an International Monetary Fund (IMF) official, urging them to further open up their markets to each other.
"I think it's...

China reopens but businesses struggle to lure back consumers

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BEIJING (Net) — The Daronghe restaurant in Chengdu in China's west has reopened but, with business down by half, its staff of 150 come to work on alternate days.
Three months after China declared victory over the coronavirus and started to reopen its economy, the restaurant is among thousands...

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