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ECB's Lagarde Says 'Probably Passed Lowest Point' of Economic Crisis

The worst of the economic crisis unleashed by the coronavirus pandemic is likely over, European Central Bank chief Christine Lagarde said Friday, warning however that the new normal will look different from what was before.

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Equities Sink as Virus Spikes Fuel Worries over Reopening

A sharp rise in fresh virus infections in the United States and elsewhere sparked a hard sell-off in equities Thursday, following hefty losses on Wall Street and in Europe.

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Italy Approves Guarantee for 6.3-Billion-Euro Fiat Chrysler Loan

Italy gave the green light Wednesday to providing a state guarantee for a 6.3-billion-euro ($7.1 billion) loan to Fiat Chrysler as the automaker struggles with the impact of the coronavirus.

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Markets Mixed as Investors Track Second Wave, New Lockdowns

Equities were mixed Wednesday in Asia after a healthy run-up the day before as traders weigh positive data suggesting economies are recovering against signs of a second wave of infections and the reintroduction of some lockdowns.

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German Business Confidence Regains More Ground in June

German business confidence in June recovered more ground lost to the coronavirus, a closely-watched survey showed Wednesday, even as local outbreaks led to shutdowns in some parts of the country.

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Global Trade Set to Shrink 18.5% in Q2, Defying Worst Fears

Global trade is expected to drop around 18.5 percent year-on-year in the second quarter of 2020 in a huge coronavirus-driven plunge which nonetheless could have been much worse, the WTO said Tuesday.

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Turkey Strives to Revive Virus-hit Tourist Sector

In normal times, tourists must rise at dawn to secure a free sunbed on the beach in Antalya, a popular holiday resort in southern Turkey.

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Germany Says It is Climbing Out of Economic Slump

Germany has turned the corner on the worst of an economic crisis sparked by the coronavirus pandemic and is now on the path to recovery, the central bank chief of Europe's biggest economy said Sunday.

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China Bans Some U.S. Chicken, Shuts Pepsi Plant to Fight Virus

China banned imports from a top U.S. poultry producer and ordered a Beijing Pepsi factory to close Sunday as authorities clamped down on food production and distribution amid a new coronavirus cluster in the capital.

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'Uncertain' that EU Will Reach Virus Rescue Deal in July

Dutch Prime Minister Mark Rutte raised doubts Friday that EU leaders would reach a deal at a summit in July on a huge 750-billion-euro ($840-billion) post-coronavirus recovery plan.

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