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Covid Infection Rate Is Approaching Highest Level Ever, WHO Chief Warns
The number of new cases per week has nearly doubled over the past two months, WHO Director-General Tedros Adhanom Ghebreyesus said.
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OECD Backs Biden's Plan to Raise the Minimum Wage
The U.S. should go ahead with President Biden’s plan to raise the federal minimum wage as a way to recover faster from the Covid crisis, the OECD said.
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Environmentalists Were Seen as ‘Nutters,' Ryanair CEO Says, and He Was an ‘Original Skeptic'
Ryanair’s CEO O’Leary used to be “one of the original skeptics” but says the airline is now focusing on greener initiatives.
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London Police Charge Man Seen With Ax Near Buckingham Palace
British police say they have charged a London man who was spotted carrying an ax near Buckingham Palace
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Oil Could Plummet to $10 by 2050 If Paris Climate Goals Are Achieved, Energy Consultancy Says
The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in meeting Paris Agreement goals, a consultancy said on Thursday.
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Online Bank N26 Jumps Into Insurance, Taking on Giants Like Allianz
German online bank N26 is launching insurance policies in partnership with local start-up Simplesurance.
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Irish Privacy Regulator Launches Inquiry Into Facebook Over Data Leak
It comes after a dataset of 533 million Facebook users worldwide was made available on the internet.
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Europe's Pandemic-Stricken Economy Could Return to Pre-Crisis Levels Next Year, IMF Says
The International Monetary Fund expects Europe’s economy to return to pre-crisis levels in 2022, assuming that Covid vaccines soon become widely available.
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Pandemic Has Delayed Sustainable Development Goals by Decades, Says Former Unilever CEO
Former Unilever CEO Paul Polman has warned that the pandemic has pushed back sustainable development goals 20-30 years, in terms of exacerbating inequality.
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Midnight Drinkers Flock to Britain's Beloved Pubs as Lockdown Eases
Perhaps the most keenly-missed social hotspot — pubs — are able to welcome customers to their gardens on Monday.
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UK to Investigate Greensill Capital as Former PM David Cameron Faces Criticism Over Lobbying
Cameron, who led the U.K. from 2010 to 2016, reportedly sent text messages about Greensill to ministers including Finance Minister Rishi Sunak.
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Germany Edges Toward National Lockdown; Considers Russia's Sputnik Vaccine
“It needs one lockdown to break the current wave,” Jens Spahn, German health minister, said at a press conference Friday.
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Greta Thunberg Says She Won't Attend COP26 Summit If ‘Vaccine Nationalism' Continues
Climate activist Greta Thunberg has said she will not attend the high-profile United Nations climate change summit if current vaccination trends continue.
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Debt-Distressed Countries Will Not Be Saved by the IMF's $650 Billion Currency Boost, Economist Says
Economist William Jackson said the IMF plan “won’t prevent the need for debt restructuring in countries where debt trajectories are on unsustainable paths.”
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IMF Warns That Debt Overhang and Financial Vulnerabilities Pose Double Threat to Economic Recovery
The IMF is praising the U.S. for extraordinary stimulus but is warning that these measures can cause longer-term damage to worldwide economies.
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Bankers Talk of Being Sold Out as London Waits for Its Own Brexit Deal With Brussels
Bankers who have spoken to CNBC feel the industry has continually been neglected throughout Brexit talks.
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IMF Increases Global Growth Forecast, Says Crisis End Is ‘Increasingly Visible'
The International Monetary Fund’s projections suggest the U.S. will experience a solid economic recovery in 2021, in contrast to many other countries.
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For the Second Time, China Has ‘Fared Well' in a Major Crisis: IMF
“China is really an impressive example of an outlier in the positive sense,” the IMF’s Tobias Adrian told CNBC Tuesday.
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UK's Boris Johnson ‘Hopeful' Foreign Travel Can Resume From May 17
U.K. Prime Minister Boris Johnson also confirmed that shops, hairdressers, gyms and outdoor hospitality venues like pubs could open from April 12 as planned.
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How Locked-In Retail Investors Plan to Navigate Deliveroo's Nightmare Stock Market Debut
Amateur investors explain how they feel after Deliveroo’s disastrous IPO on the London Stock Exchange.