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UK to Unveil Spending Plans in Face of Surging Debt

Britain's government on Wednesday announces its spending plans for the next year amid soaring debt to support the virus-ravaged economy and as the nation embarks on its post-Brexit future.

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Yellen's Appointment 'Good News for World Economy', Says ECB Vice-president

The prospect of former Federal Reserve boss Janet Yellen becoming the next US Treasury Secretary is "good news" for the US and the world, ECB vice president Luis de Guindos said Wednesday.

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USAID Launches Activity to Support Lebanon's Agri-Food Sector and Rural Economies

The United States Agency for International Development (USAID) has launched its newest assistance activity in Lebanon, the Agriculture and Rural Empowerment (ARE) activity during a virtual event.

The event was held in the presence of U.S. Ambassador to Lebanon Dorothy Shea and USAID/Lebanon Mission Director Mary Eileen Devitt, and attended by representatives from agricultural and agri-food industries, small- and medium-sized enterprises, governmental organizations, universities, local and international development groups, and other donors.

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Stocks Boosted as Biden Begins White House Transition

Stock markets mostly rose Tuesday as news that Donald Trump's team will now work with Joe Biden ahead of his inauguration built on optimism that vaccines could soon be rolled out around the world.

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Spanish Banks Seek Mergers as Outlook Darkens

A wave of mergers is sweeping across the Spanish banking sector as lenders face up to a pandemic-induced recession, ultralow interest rates and growing competition from financial technology startups.

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China Mulls Joining Trade Pact Dumped by Trump

China will consider joining a free trade pact once championed by the U.S. but abandoned by Donald Trump, President Xi Jinping said, as Beijing increasingly seeks to influence the global rules of commerce.

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Virus Has Put 'Enormous Strain' on UK Economy

Britain's finance minister Rishi Sunak on Sunday warned that the British economy was under "enormous strain" because of the coronavirus, ahead of a government spending review next week

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G20 to Back 'Equitable' Access to Coronavirus Vaccine

G20 leaders will pledge to "spare no effort" in ensuring fair distribution of coronavirus vaccines worldwide, and reaffirm support for debt-laden poor countries, according to a draft communique seen by AFP Sunday.

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Trump Joins APEC Summit as China Counters U.S. Protectionism

U.S. President Donald Trump on Friday made a rare appearance at a virtual Asia-Pacific summit, touting his commitment to work towards "peace and prosperity" in the region, as China's Xi Jinping used the forum to counter American protectionism.

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IATA Says Airlines Need Another $70-80 Billion to Survive

Airlines need up to another $80 billion to survive, the head of the industry's trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.

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