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Equities Rise as Recovery Hopes overcome Second Wave Fears

Asian stocks rose Wednesday after a cautious day as investors weighed fresh signs the world economy is in recovery against fears of a second virus wave, geopolitical tensions and profit-taking.

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UN: Virus Crisis Torpedoes Foreign Investment

Global foreign direct investment flows are likely to plunge by 40 percent this year due to the coronavirus crisis, the UN said Tuesday, with worse expected in 2021.

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Relief for Paris Restaurants as Virus Lockdown Ends

Paris cafe and restaurant owners cheered Monday as the government finally allowed them to reopen their dining rooms after losing three months of revenue during the coronavirus lockdown.

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Stock Markets Slip on Fears of Second Virus Wave

Equities tumbled Monday, extending last week's losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and a budding economic recovery.

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China's Industrial Output Continues Slow Recovery from Virus Hit

China's factory output rose again in May, while official data Monday also showed retail sales improved further after collapsing at the start of the year but officials warned the country faced a rocky recovery as it emerges from the coronavirus crisis.

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French Trader who Bet the House on Oil Shock and Won

French trader and specialist oil hedge fund manager Pierre Andurand saw it coming from early February.

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Despite Risks, Greek Islands Keen to Reopen to Tourists

Mykonos' newest bar-restaurant, Pelican, seemed to appear from nowhere.

Tables, coffee machines, light fittings, music mixers and staff wearing matching black face masks were still being slotted into place as Greek visitors trickled in at the start of a long holiday weekend. Owner Vasilis Theodorou says he's in a hurry to get back to business.

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U.S. Sees 1.54 Million New Jobless Claims as Virus Layoffs Go On

Despite moves to reopen businesses, another 1.54 million U.S. workers filed for unemployment benefits last week, the Labor Department said Thursday, bringing the total since mid-March to 44.2 million.

Massive numbers of workers filing weekly jobless claims has become routine since the beginning of shutdowns to stop the coronavirus from spreading but the wave has passed its peak and has been declining steadily, while some have returned to work.

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Face Masks, Health Checks and Long Check-Ins: The Future of Flying

Cabin crew in protective suits, health certifications for passengers, mandatory face masks, and longer check-in times.

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World Economy to Contract at Least 6% in 2020, Says OECD

The global economy will contract at least six percent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the OECD said Wednesday.

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