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Coronavirus: New Zealand in Level 2 Lockdown After 4 Auckland Cases

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New Zealand is reeling from its first coronavirus outbreak in more than three months, throwing the largest city Auckland back into lockdown and threatening to dent the economic recovery. The country’s run of 102 days without community transmission ended late yesterday with the announcement that four new cases had been detected in an Auckland household. … Read more Coronavirus: New Zealand in Level 2 Lockdown After 4 Auckland Cases

Israel begins bulldozing villagers’ homes in West Bank

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The Israeli army has begun bulldozing some villagers’ homes in the occupied West Bank. One family’s house has already been demolished – and the same is expected to happen to more than 30 other buildings. The Israeli government says they have to go because they were built without a permit. Al Jazeera’s Nida Ibrahim reports. … Read more Israel begins bulldozing villagers’ homes in West Bank

“No money in the piggy bank” says California’s Newsom

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California cannot afford to enact an executive order signed by President Donald Trump partly restoring enhanced unemployment payments to people who lost jobs in the coronavirus pandemic, Governor Gavin Newsom said on Monday. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and … Read more “No money in the piggy bank” says California’s Newsom

Top Glove Says Demand Has Been Very Strong Amid Pandemic

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Aug.11 — Lee Kim Meow, managing director of Malaysia’s Top Glove Corp., the world’s biggest glove maker, discusses how the coronavirus outbreak is affecting demand for its products. Top Glove has vaulted past Public Bank Bhd. to become the second most valuable stock on the country’s equities benchmark. Lee speaks with Haslinda Amin and Rishaad Salamat on … Read more Top Glove Says Demand Has Been Very Strong Amid Pandemic

Property prices now predicted to decline gradually, rather than falling off a cliff | ABC News

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Melbourne’s lockdown has increased fears that the residential housing market is headed for a COVID prompted drop. Back in May, the Commonwealth Bank were suggesting that property prices could fall up to 30 percent, as the worst of the Coronavirus pandemic and economic fallout lay ahead. Now though, sentiment seems to have shifted and a … Read more Property prices now predicted to decline gradually, rather than falling off a cliff | ABC News

California Can’t Afford Trump’s Unemployment Plan: Governor

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Aug.10 — California Governor Gavin Newsom says the state can’t afford President Donald Trump’s unemployment plan. In an executive order on Saturday, Trump extended $400 per week in additional unemployment benefits — but is asking states to foot a quarter of the bill. In a press conference, Newsom says “there is no money sitting in the piggy bank … Read more California Can’t Afford Trump’s Unemployment Plan: Governor

World Leaders Hold Lebanese Aid Conference as Protests Erupt

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Global leaders including U.S. President Donald Trump will participate in a video conference on aid for Lebanon later Sunday as protests against the ruling class gather strength in the wake of the catastrophic explosion that destroyed parts of the capital Beirut. The talks are due to start at 2 p.m. in Paris. They’ll be hosted … Read more World Leaders Hold Lebanese Aid Conference as Protests Erupt

PBoC governor: Rates lower, more market-oriented

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The People’s Bank of China has reduced the reserve requirement ratio three times this year to provide liquidity for the country’s financial system. The central bank also has provided 1.8 trillion yuan in refinancing in the face of the COVID-19 pandemic. PBOC Governor Yi Gang discussed those measures and more during a recent interview. Subscribe … Read more PBoC governor: Rates lower, more market-oriented

UK economy: Bank warns of biggest decline in century

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The latest Bank of England forecast says the British economy is facing its biggest annual decline for 100 years. And bankers warn it could take more than a year to get back to pre-lockdown levels, provided there is not a second surge of coronavirus infections. Al Jazeera’s Neave Barker reports from London, UK. – Subscribe … Read more UK economy: Bank warns of biggest decline in century

Revealed: Areas of the UK likely to be hardest hit by coronavirus job losses | ITV News

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Data obtained by ITV News has revealed the crippling impact coronavirus is likely to have on towns and cities across the UK. With the full winding down of the furlough scheme by October, more than seven per cent of the UK’s workforce could be unemployed by the end of the year, according to the Bank … Read more Revealed: Areas of the UK likely to be hardest hit by coronavirus job losses | ITV News

RBA lowers medium-term outlook and warns unemployment could stay high for years | Finance Report

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Victoria’s COVID-19 crisis has seen the Reserve Bank issue gloomier forecasts for economic growth and unemployment. Phillip Lasker has today’s finance report. Read more here: https://www.abc.net.au/news/2020-08-07/asx-wall-street-nasdaq-gold-silver-record-us-trillion-stimulus/12533258?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go deeper on our ABC … Read more RBA lowers medium-term outlook and warns unemployment could stay high for years | Finance Report

Australia Announces JobKeeper Extension During Covid-19

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Australia’s Prime Minister Scott Morrison announced an extension and additional 15 billion AUD ($10.8 billion) to the government’s JobKeeper scheme to offer relief for Australians during the coronavirus pandemic. “This is the largest program of this nature the country has ever undertaken,” said Morrision during a news conference with Acting Chief Medical Officer Paul Kelly … Read more Australia Announces JobKeeper Extension During Covid-19