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Coronavirus: Lloyd’s of London expects to pay out £5bn in claims
Insurance market Lloyd's of London has said it expects to pay out up to £5bn for coronavirus-related claims.
Its chief executive John Neal said the first half of the year had been "exceptionally challenging".
Insurers around the!-->!-->!-->!-->!-->…
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British Airways owner IAG to cut more flights
British Airways owner IAG is cutting more flights over the next three months as it adjusts to the continuing collapse in demand for air travel.
IAG, which also runs Aer Lingus and Iberia, said quarantine restrictions meant capacity this!-->!-->!-->…
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China takes aim at US ‘bullying’ of its tech firms
China has taken aim at the US saying its tech firms are victims of "naked bullying".
The accusations come as the Chinese government launches a new set of global guidelines for technology companies.
Its new initiative outlaws!-->!-->!-->!-->!-->…
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Coronavirus: 300,000 redundancies planned in June and July
British employers planned more than 300,000 redundancies in June and July, as the coronavirus outbreak took its toll on the workplace.
1,784 firms made plans to cut nearly 150,000 jobs in July, almost a sevenfold increase on July 2019.
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Government pledges to increase number of affordable homes
The government has announced new measures to help more people get onto the property ladder, as part of a £12.2bn investment in increasing affordable housing.
A new shared ownership model would see the minimum initial share to buy in a!-->!-->!-->…
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Oil prices tumble more than 1% Monday as Saudi Arabia makes deep cuts
Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus!-->…
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Trump floats using extra $300B in coronavirus relief aid for second stimulus check
President Trump called on Congress to approve a fresh round of $1,200 stimulus checks for American families by reallocating $300 billion in unused coronavirus relief funds.
"We have $300 billion in an account that we didn't use. I would!-->!-->!-->…
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Extend furlough scheme ‘or risk second wave of job cuts’
The UK risks a second wave of job cuts and a slower economic recovery if it does not extend its furlough scheme, leading business groups have warned.
Manufacturing body Make UK said the job retention scheme should last beyond October!-->!-->!-->…
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US unemployment rate falls below 10% as firms rehire staff
The US unemployment rate fell sharply in August, as some firms began to hire new staff again and temporary hiring for the US census boosted job numbers.
Firms added 1.4 million new jobs and unemployment fell below 10% for the first time!-->!-->!-->…
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Ex-World Bank head Robert Zoellick: ‘The world could look like 1900 again’
The former head of the World Bank has warned the world could look like it did in 1900 if countries don’t work together to tackle the current crisis.
Robert Zoellick pointed to the rift between the US and China as a serious threat to the!-->!-->!-->…
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