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Italy to Run Higher Deficit to Help Virus-hit Firms

The Italian government said Friday it wants to run a higher budget deficit in 2021 to fund new aid for businesses struck by coronavirus restrictions.

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Biden Unveils $1.9 tn Economic Plan as U.S. Recovery Buckles

President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence mounts that the recovery from the sharp downturn caused by Covid-19 is flagging.

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Most Markets Rise in Asia with Biden Stimulus Plan in Focus

Asian markets mostly enjoyed fresh gains Thursday as investors await Joe Biden's proposals for a vast new stimulus as well as comments from the head of the Federal Reserve on its policy outlook.

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China Trade Surplus with US Widens 7.1% to $317 bn in 2020

China's trade surplus with the United States widened last year despite a partial trade deal requiring Beijing to boost purchases, official figures showed Thursday.

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Social Distancing Alarms Outrage Workers at French Firm

A global maker of wipes and toilet paper has created a stink among its French employees after asking them to carry a device that goes off if they violate social distancing rules in the workplace.

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UK Businesses Grapple with Brexit Border Fallout

British companies are struggling with a large amount of red tape as a result of Brexit, nearly two weeks since the country's final divorce from the European Union.

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Thousands Protest Closure of Ford Factories in Brazil

Thousands of workers on Tuesday protested the pending closure of carmaker Ford's three Brazilian factories at the cost of some 5,000 jobs.

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Renault Bets on Electric after 2020 Sales Slump

French auto giant Renault on Tuesday reported a sharp drop in 2020 sales amid the coronavirus pandemic, while unveiling its plans for the transition to electric- and hydrogen-powered vehicles.

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Canada Bans Import of Goods Linked to Uighur Forced Labor Claims

Canada on Tuesday announced a ban on the import of goods suspected of being made using forced labor in China's restive Xinjiang region, following a similar move by Britain.

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Ex-Nissan Exec Says Automaker Sought to Hide Ghosn's Pay

A former Nissan chief operating officer outlined in a Japanese court Tuesday the pains company officials took to hide star executive Carlos Ghosn's pay, and how they had worried about his quitting for a rival.

"Carlos Ghosn is a world-class business leader and CEO," said Toshiyuki Shiga, testifying at the trial of his former colleague Greg Kelly, charged with under-reporting Ghosn's compensation.

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