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UK Economy to Slump 14% this Year on Virus, According to BoE

Britain's economic output is set to crash by 14 percent this year owing to the coronavirus, the Bank of England said Thursday as it left its interest rate at 0.1 percent.

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Virus Saps German Industrial Output by 9.2% in March

Industrial production in Germany fell by 9.2 percent month-on-month in March, official data showed Thursday, as Europe's top economy began to feel the effects of the coronavirus crisis.

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Bitcoin World Faces 'Halving': What's Happening?

Bitcoin miners, whose computer processors enable the running of the world's most popular virtual currency, will soon face an event that takes place every four years and alters the profitability of the hi-tech industry.

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Pilot Fatigue, Lapsed Licenses as Airlines Set to Fly Again, U.N. Warns

The U.N. aviation agency on Wednesday warned of possible pilot fatigue and lapsed licenses as airlines get ready to fly again once travel restrictions to slow the spread of the coronavirus are lifted.

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Equities Resist Onslaught of Grim Economic Data

The world's main stock markets brushed off on Wednesday data showing the extent of the economic damage wrought by measures to slow the spread of the new coronavirus.

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EU Forecasts 'Historic' 7.7 Percent Eurozone Recession

The European Commission said Wednesday the eurozone economy would contract by a staggering 7.7 percent in 2020, as the catastrophic consequences of the coronavirus outbreak sweep through the continent.

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Egypt Reopens Slowly to Revive Pandemic-Hit Economy

Egypt's economy had just started to recover after years of political turmoil and militant attacks when the coronavirus crisis hit, impacting especially its vital tourism sector.  

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Oil Extends Gains as Traders Weigh Virus Progress

Oil prices on Wednesday built on the previous day's surge, boosted by signs of easing in the coronavirus that is allowing some countries to begin opening their economies, though traders are keeping an eye on brewing China-US tensions.

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Aviation Industry Opposes Leaving Middle Seat Empty

The global aviation body said Tuesday that the risk of catching COVID-19 on a plane was low and there was no need to leave the middle seat empty once the industry takes off again.

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Oil Extends Gains as Virus-Hit Economies Ease Curbs

Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs and as top producers slash output. 

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