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The Italian government is expected to introduce the harshest public health restrictions since the end of its first national lockdown in May as new coronavirus cases hit a fresh daily record on Saturday. A draft government decree leaked to multiple Italian media outlets on Saturday suggested that Giuseppe Conte, prime minister, was preparing as early
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US states were grappling with surges in coronavirus cases that threatened to overwhelm hospitals as Donald Trump and Joe Biden staged competing campaign rallies on Saturday with just 10 days to go until the presidential election. Mr Trump was due to visit three battleground states — North Carolina, Ohio and Wisconsin — on Saturday alone
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The US has tallied the most new coronavirus cases in a week since a major summer outbreak, threatening to overwhelm hospitals in parts of the country just as voters head to the polls for one of the most hotly contested presidential elections in modern history. The worst-hit region in the latest spike continued to be
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European governments have warned of an alarming rise in the number of coronavirus infections across the continent from west to east, an autumnal second wave that threatens to overwhelm hospitals and will sharply increase the death toll in the weeks ahead.  “The situation is grave,” Pedro Sánchez, Spain’s prime minister, said on Friday, a day
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Donald Trump and his Democratic challenger Joe Biden clashed over the best way to tackle the coronavirus pandemic in a final presidential debate on Thursday night that was less chaotic than their first encounter. Mr Biden slammed Mr Trump over his handling of the crisis, accusing the president of hiding the severity of the threat
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Hong Kong’s securities regulator has fined Goldman Sachs’s Asia business a record $350m for serious deficiencies in risk compliance and money laundering controls in relation to Malaysia’s 1MDB. The Hong Kong fine is the first of more than $2bn of new penalties set to be announced on Thursday as regulators from the US to the
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China is promising preferential access to its Covid-19 vaccines to countries across Asia, Africa and Latin America, as Beijing uses inoculations as a new tool to bolster its ties with nations neglected by the US. Wang Yi, China’s foreign minister, has spearheaded the effort, pledging that Malaysia, Thailand, Cambodia and Laos will be among the
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Donald Trump’s handling of the US economy is no longer benefiting his candidacy just weeks before election day, with a Financial Times poll finding more Americans believe the president’s policies are hurting rather than helping the recovery. The final monthly survey of likely voters before November 3 for the FT and the Peter G Peterson
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China’s economy expanded 4.9 per cent year-on-year in the third quarter as the country continues its rapid recovery from the coronavirus pandemic. The expansion in gross domestic product missed expectations but is still well ahead of a 3.2 per cent increase in the second quarter and represents a sharp turnround from a historic decline at
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Europe’s economy is sliding towards a double-dip recession, with economists warning that rising coronavirus infections and fresh government restrictions on people’s movement are likely to cut short the region’s recent recovery. Germany, France, the UK, Italy, Spain and the Netherlands have all announced measures in the past week to contain the second wave of Covid-19
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This is the first part of a major Financial Times series, Coronavirus: could the world have been spared?, investigating the global response to the crisis and whether the disaster could have been averted. The FT has spoken to dozens of medical professionals, government officials and ordinary citizens in Wuhan to find out what really happened
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Senior Federal Reserve officials are calling for tougher financial regulation to prevent the US central bank’s low interest-rate policies from giving rise to excessive risk-taking and asset bubbles in the markets. The push reflects concerns that the Fed’s ultra-loose monetary policy for struggling families and businesses risks becoming a double-edge sword, encouraging behaviour detrimental to
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The US’s third big coronavirus outbreak showed no sign of abating on Friday, with hard-hit states like Wisconsin, Minnesota and Indiana reporting record one-day increases in infections. Although the new spate of cases has been concentrated in the Midwest and other northern states that are beginning to move into cold and flu season, other states
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Donald Trump refused to denounce a conspiracy theory peddled by far-right group QAnon as the president and his Democratic challenger Joe Biden participated in separate televised town halls on Thursday night with less than three weeks until the election. Mr Trump and Mr Biden took questions from voters on two different television networks, NBC and
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Several of the most fiercely contested battleground states in the US presidential election showed sharp increases in coronavirus cases on Thursday, reinforcing the pandemic as the central issue of the campaign in its final weeks. Both Wisconsin and North Carolina — which Donald Trump won four years ago but where he now trails Democratic challenger
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French president Emmanuel Macron has announced a 9pm-6am curfew for Paris and eight other big cities from Saturday in an attempt to curb the rise of coronavirus infections that threaten to overwhelm the country’s hospitals.  “Our intensive care wards are under unsustainable pressure,” Mr Macron said in an interview with French television stations on Wednesday
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The global economy has achieved only a fragile recovery from the depths of the coronavirus pandemic and many emerging economies are still suffering severe hardship, according to the latest Brookings-FT tracking index. Growth in the world’s largest economies has been uneven according to the index, which highlights the precarious outlook that will form the backdrop
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