Logo of Renault carmaker is pictured at a dealership in

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FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe

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S&P 500 dips on fears of virus resurgence in economic reopening

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New York (Reuters) – The S&P 500 dipped in choppy trading on Tuesday as the top U.S. infectious disease expert warned Congress that a premature opening of the nation’s economy could lead to additional outbreaks of the novel coronavirus. Investors were weighing the potential for a second wave of infections against hopes for a reopening […]
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Kodak expects sales volumes to rebound after COVID-19 hit

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(Reuters) – Eastman Kodak Co (KODK.N) said on Tuesday it expects sales volumes and working capital to improve in the current quarter after reporting a 31% decline in quarterly revenue due to the COVID-19 pandemic, sending its shares up 7%. The photographic equipment maker’s stock plunged on Monday after the U.S. government blocked a $765 […]
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China President Xi says to boost investments, employment

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BEIJING (Reuters) – China will step up investment in various sectors including 5G, artificial intelligence, transport and energy and boost employment, President Xi Jinping said on Thursday, as the world’s second-largest economy reels from the coronavirus epidemic. The official Xinhua news agency reported that Xi, speaking during a visit to northwestern Shaanxi province, said the […]