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World - 2020-07-10
Lebanon holds meeting with IMF, more talks next week
Middle East

Lebanon holds meeting with IMF, more talks next week

  • The talks have been bogged down by a row over the scale of financial losses that has embroiled the government.
  • Finance Minister Ghazi Wazni said last week the talks were on hold pending the start of economic reforms and agreement on the losses.
Published 10 Jul, 2020 08:50pm
UK economy to slump over 10pc, debts to surge: Moody's
Europe

UK economy to slump over 10pc, debts to surge: Moody's

  • Moody's said the UK government's latest 30 billion pound ($37.9 billion) stimulus package, announced this week.
  • "The UK's public debt ratio will likely rise by 24 percentage points of GDP or more relative to 2019 levels,"
Published 10 Jul, 2020 08:07pm
Brazil says June inflation up 0.26pc from previous month
USA

Brazil says June inflation up 0.26pc from previous month

  • In the 12 months to June, Brazil recorded 2.13% inflation, roughly in line with a Reuters poll of economists which had predicted prices would increase by 2.16%.
  • Annual inflation is well below the central bank's official 2020 target of 4.0%, even allowing for the margin of 1.5 percentage point allowed on either side of that figure.
Published 10 Jul, 2020 07:47pm
Canada adds 952,900 jobs in June on COVID-19 reopenings
USA

Canada adds 952,900 jobs in June on COVID-19 reopenings

  • "It's a pleasant high-side surprise," Doug Porter, chief economist at BMO Capital Markets. "It's a big step in the right direction."
  • Employment in the goods producing sector rose by 158,600, while the services sector gained a record 794,400 positions.
Published 10 Jul, 2020 07:36pm
China rejects new US invite to join nuclear talks
South Asia

China rejects new US invite to join nuclear talks

  • President Donald Trump's administration has demanded that China take part in talks on a successor to the New START treaty.
  • Beijing said in response that it would only join the talks if the US reduced its arsenal to match China's much smaller nuclear deterrent,
Published 10 Jul, 2020 06:51pm
IMF warns cutting spending too soon could derail recovery

IMF warns cutting spending too soon could derail recovery

  • Government spending "will need to remain supportive and flexible until a safe and durable exit from the crisis is secured.
  • The health crisis and the business shutdowns to contain the spread of COVID-19 demanded "a massive fiscal response" of close to $11 trillion to help support households and prevent bankruptcies."
Published 10 Jul, 2020 06:40pm
Netherlands takes Russia to European rights court over MH17 downing

Netherlands takes Russia to European rights court over MH17 downing

  • Achieving justice for the 298 victims of the downing of flight MH17 is and will remain the government's highest priority.
  • Prosecutors have charged four people -- Russians Igor Girkin, Sergei Dubinskiy and Oleg Pulatov, and Ukrainian Leonid Kharchenko -- with murder.
Published 10 Jul, 2020 06:08pm
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