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German economy minister sees economic recovery from October
Record debts come due for Canadian oil patch after five years of crisis
UK minister says Huawei must meet conditions for involvement in 5G network
Saudi initiatives to support private sector exceed 51 billion riyals - central bank
UAE restructures government, seeking more agility as it deals with coronavirus impact
Indonesia says trade, investment deal with Australia takes effect
Greece PM says won't accept strict EU conditions on COVID-19 aid - FT
(Reuters) - Greece will not accept strict European Union conditions on the use of the coronavirus emergency aid, Prime Minister Kyriakos Mitsotakis told the Financial Times newspaper in an interview published on Sunday. "Greeks have matured a lot. ...
UAE non-oil private sector jumps back to growth in June - PMI
DUBAI (Reuters) - The United Arab Emirates (UAE) non-oil private sector grew in June for the first time this year, emerging from months of contraction as coronavirus restrictions were lifted, a survey showed on Sunday. The seasonally adjusted IHS ...
Saudi non-oil private sector shrinks again in June - PMI
DUBAI (Reuters) - Saudi Arabia's non-oil private sector shrank for the fourth straight month in June as measures to contain the spread of the new coronavirus continued to hit consumer demand, a survey showed on Sunday. The seasonally adjusted IHS ...
El Salvador delays next steps in reopening economy as COVID-19 cases rise
By Nelson Renteria SAN SALVADOR (Reuters) - El Salvador's presidential office on Sunday postponed the second phase of the economy's reopening by two weeks, citing a still-rising number of coronavirus infections. President Nayib Bukele has imposed ...
French economy probably bouncing back faster than expected: central bank
PARIS (Reuters) - The French economy is pulling out of the slump induced by the coronavirus outbreak at least as fast as expected a month ago, and maybe even a little faster, Bank of France Governor Francois Villeroy de Galhau said on Sunday. The ...
Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report
(Reuters) - Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News reported on Sunday, citing Chinese web ...
Germany's Scholz wants more power for financial watchdog after Wirecard case: FAS
FRANKFURT (Reuters) - German finance minister Olaf Scholz said on Sunday he planned to give the Germany's financial markets watchdog more power in response to a corporate fraud scandal at payments company Wirecard that had escaped the scrutiny of ...
Keep SMB's Congo coltan mine in supply chains, says mineral tracker
JOHANNESBURG (Reuters) - Insecurity around Société Minière de Bisunzu's (SMB) coltan mine in Democratic Republic of Congo could get worse if it is cut out of supply chains following a deadly grenade attack there, the company running the mine's ...
BoE Governor warns lenders of challenges of negative interest rates - Sunday Times
(Reuters) - Bank of England (BoE) Governor Andrew Bailey has written a letter to lenders warning them of the challenges of negative interest rates, the Sunday Times newspaper reported. The letter said that negative rates were "one of the potential ...
Israel's El Al to become leaner after government bailout
By Steven Scheer JERUSALEM (Reuters) - El Al's fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid. An official at El Al, which has put ...