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    UK in record recession after economy shrinks 20pc in Q2

    Agence France-Presse . London | Updated at 11:27pm on August 12, 2020

    Britain’s economy contracted by a record 20.4 per cent in the second quarter with the country in lockdown over the coronavirus pandemic, official data showed...

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    Singapore’s Q2 recession deeper than estimated

    Agence France-Presse . Singapore | Updated at 11:31pm on August 11, 2020

    Singapore’s virus-hammered economy shrank almost 43 per cent in the second quarter, in a sign that the country’s first recession in more than a decade...

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    Monthly remittance hits record $2.59 billion in July

    Staff Correspondent | Updated at 06:54pm on August 03, 2020

    The monthly inflow of inward remittance hit an all-time high in July ahead of Eid-ul-Azha, with the figure reaching $2.59 billion in the month. According...

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    Cuba to eliminate dollar tax to boost economy

    Agence France-Presse . Havana | Updated at 10:34pm on July 17, 2020

    Cuba will eliminate on Monday the 10 per cent tax it previously levied on the use of the US dollar — and widen the categories...

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    Reviving economy by boosting pvt sector credit will be key challenge: economists

    HM Murtuza | Updated at 11:33pm on July 14, 2020

    Economists have suggested that the monetary policy statement for the fiscal year 2020-2021 must aim at reviving the coronavirus pandemic-hit economy by ensuring effective implementation...

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    China economy rebounds in Q2 after virus hit: poll

    Agence France-Presse . Beijing | Updated at 10:46pm on July 12, 2020

    China returned to growth in the second quarter after the coronavirus pandemic handed the world’s second largest economy its first contraction in decades, according to...

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    Bangladesh economy to bounce back: German envoy

    United News of Bangladesh. Dhaka | Updated at 08:40pm on July 07, 2020

    German ambassador to Bangladesh Peter Fahrenholtz hoped that the economy of Bangladesh would surely bounce back soon. He observed that Bangladesh had a robust economy...

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    Curtailed hajj compounds Saudi economic woes 

    Agence France-Presse . Riyadh | Updated at 11:34am on June 28, 2020

    Vacant religious sites. Abandoned pilgrim tents. Lifeless hotels. A stunning emptiness — and fears of economic ruin — haunt the usually bustling city of Mecca...

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    COVID-19 wipes out $12t from global economy: IMF

    Agence France-Presse . Washington | Updated at 10:59pm on June 25, 2020

    The global coronavirus pandemic has sparked an economic ‘crisis like no other,’ sending world GDP plunging 4.9 per cent this year and wiping out $12...

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    The political economy of COVID-19

    Pete Dolack | Updated at 12:00am on June 21, 2020

    GOVERNMENTS around the world are attempting to prop up a failing capitalist system by — surprise! — throwing money at wealthy individuals and corporations, especially...