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Coming next from the Fed: How much for Main Street?

The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets.


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Posted 2020/04/08 23:49:44

After pandemic, Fed policymakers see slow U.S. recovery

The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides.


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Posted 2020/04/08 23:49:44

Zoom sued for overstating, not disclosing privacy, security flaws

Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to disclose that its service was not end-to-end encrypted.


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Posted 2020/04/08 23:20:40

German foreign ministry restricts use of Zoom over security concerns

The German foreign ministry has restricted use of the video conferencing service Zoom to fixed-connection computers due to concerns about security issues, two German government sources said.


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Posted 2020/04/08 23:20:40

Zoom hires ex-Facebook security chief as Google bans desktop app

Zoom Video Communications Inc has tapped former Facebook security chief Alex Stamos as an adviser as safety and privacy concerns about its fast-growing video-conferencing app drive a global backlash against the company.


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Posted 2020/04/08 23:20:40

Speed of coronavirus deaths shocks doctors as New York toll hits new high

New York, the hardest hit state in America, on Wednesday reported its highest number of coronavirus-related deaths in a single day with even veteran doctors and nurses expressing shock at the speed with which patients were declining and dying.


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Posted 2020/04/08 22:35:02

From deliveries in Arizona to fish markets in California, coronavirus changes how we buy our food

Eric Cohn used to wear a respirator mask, goggles and gloves only to protect against mold and asbestos as he restored homes in Tucson, Arizona. Now he dons the same gear in his new job - shopping for quarantined customers.


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Posted 2020/04/08 22:34:07

Latest on the spread of the coronavirus around the world

The number of confirmed infections of the novel coronavirus exceeded 1.41 million globally and the death toll crossed 83,400, according to a Reuters tally as of 1400 GMT.


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Posted 2020/04/08 22:25:59

Saudi-led coalition announces ceasefire in five-year Yemen war

The Saudi-led coalition fighting Yemen's Iran-aligned Houthis said on Wednesday it was halting military operations nationwide in support of U.N. efforts to end a five-year war that has killed over 100,000 people and spread hunger and disease.


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Posted 2020/04/08 22:25:28

Sanders quits U.S. presidential race, setting up Biden battle with Trump

Bernie Sanders, a democratic socialist whose progressive agenda pushed the Democratic Party sharply to the left, ended his White House campaign on Wednesday, clearing the way for a Nov. 3 election battle between former Vice President Joe Biden and Republican President Donald Trump.


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Posted 2020/04/08 22:08:18

U.S. Democrats, Republicans at odds over next coronavirus aid

Efforts to push a further $250 billion of coronavirus aid for small businesses through the U.S. Congress were stalling on Wednesday as top Democrats said they would back the measure only if it was coupled with a similar amount for hospitals and local governments.


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Posted 2020/04/08 22:03:15

U.S. coronavirus deaths top 14,600, second highest in world behind Italy: Reuters tally

U.S. deaths due to coronavirus topped 14,600 on Wednesday, the second highest reported number in the world behind Italy, according to a Reuters tally.


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Posted 2020/04/08 22:02:33

Wall Street rallies on hopeful coronavirus signs, healthcare lift

U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders' decision to suspend his presidential campaign.


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Posted 2020/04/08 21:51:01

Saudi Arabia to give $525 million for Yemen humanitarian, coronavirus response: minister

Saudi Arabia will contribute $500 million to the United Nations humanitarian response plan for Yemen in 2020 and $25 million to help combat the spread of the new coronavirus, the kingdom's vice defense minister, Prince Khalid bin Salman, said on Thursday.


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Posted 2020/04/08 21:46:27

What you need to know about the coronavirus right now

Here's what you need to know about the coronavirus right now:


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Posted 2020/04/08 21:24:50

Man jailed for stealing face masks from London hospital

A man who was caught stealing surgical face masks from a hospital in London has been jailed for three months, police said on Wednesday.


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Posted 2020/04/08 21:24:50

U.S. Army Corps says time running out to build new facilities for coronavirus efforts

The U.S. Army Corps of Engineers said on Wednesday that time was running out to start work on new facilities to help medical authorities cope with the coronavirus outbreak, as swathes of the United States prepare for a surge in coronavirus patients.


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Posted 2020/04/08 20:51:36

African-Americans dying of coronavirus at higher rates, preliminary data shows

The new coronavirus is killing African-Americans at a higher rate than the U.S. population at large, according to preliminary numbers from Louisiana, Michigan and Illinois that officials say point to disparities in health and healthcare access.


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Posted 2020/04/08 02:32:15

Impossible dilemma? World watches Italy as businesses plead to return to work

Many Italian companies and academics are pressing the government to reopen factories to prevent an economic catastrophe, as the world watches how the first Western country to impose a lockdown can extricate itself from the unprecedented measures.


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Posted 2020/04/08 02:04:04

Long lines and frustration as Wisconsinites vote during coronavirus pandemic

Despite a last-minute court battle and a stay-at-home order, thousands of Wisconsin voters on Tuesday braved the coronavirus outbreak to wait 6 feet (1.8 m) apart in lines for hours and cast ballots in the state's presidential primary and local elections.


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Posted 2020/04/08 01:26:28