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Turkey's Erdogan Searching for Ways to Save Economy

Turkey was recovering from its first recession in a decade when the coronavirus hit. Now the economy is on the brink again, and President Recep Tayyip Erdogan is running out of options.

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Vaccine Hope and Easing of Lockdowns Fuel Asia Stocks Rally

Hopes for a vaccine to treat coronavirus and a further easing of lockdown measures around the world spurred a rally on Asian markets Tuesday as investors tracked a surge across Europe and Wall Street.

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Virus Could Cut Up to 9.7% Off Global Economy

The coronavirus pandemic could cut up to 9.7 percent off the global economy, the Asian Development Bank said Friday, doubling its previous estimate as the virus stifles trade and leaves millions jobless.

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Restaurants Reopen in Parts of Europe, but No Mad Rush

Restaurants and cafes began reopening in parts of Europe and Central Asia on Monday after weeks of closures, eager to again welcome hungry patrons albeit under strict regulations, as schools also reopened in some countries.

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Equities Rise as Nations Reopen; Gold Hits 7.5-Year Peak

World stock markets rose Monday on a further easing of coronavirus lockdowns around the world, sending US oil prices back above $30 per barrel, but haven investment gold hit a 2012 pinnacle on festering economic fears, dealers said.

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More Easing in Europe but Virus Hits Hard in S. America, Africa

Restaurants and churches will reopen in Italy on Monday as part of a fresh wave of lockdown easing in Europe, but rising coronavirus death tolls in Brazil, South Africa and other parts of the world showed the worst is still to come in many countries.

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Macron, Merkel to Present EU Recovery Initiative Monday

French President Emmanuel Macron and German Chancellor Angela Merkel will discuss a joint initiative to spur the EU's recovery from the coronavirus crisis on Monday, which will be presented during a joint press conference afterwards, the French presidency said.

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Europe Opens Up as Virus Economic Toll Mounts

More parts of Europe opened up on Friday despite fears of a second wave of the coronavirus pandemic, as shock new figures revealed the extent of the disease's toll on the U.S. and German economies.

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Awful Data Shows U.S. Economy is in Deep Trouble

Newly released economic data shows the US economy is in a terrible state and may not rebound quickly even when the devastating lockdowns imposed to stop the coronavirus pandemic are lifted.

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Greece Repoens Some Air and Sea Links to Tourists

Greece said Friday it will reopen some air and sea links from Monday as it begins exiting coronavirus lockdown in the hope the disease is sufficiently under control to allow tourists in.

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