FILE PHOTO: Empty retail stores are seen in Manhattan

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FILE PHOTO: Empty retail stores are seen in the Manhattan borough, following the outbreak of coronavirus (COVID-19), in New York City, U.S. March 15, 2020. REUTERS/Jeenah Moon/File Photo

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Australia unveils $1.6 billion health package to combat coronavirus

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By Renju Jose SYDNEY (Reuters) – Australia announced on Wednesday a health package worth A$2.4 billion ($1.56 billion) that proposes setting up fever clinics, among other measures to rein in the spread of a coronavirus, as it prepares to announce further stimulus. Australia has been struggling to contain the disease, which is expected to take […]
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Covid R-rate could be as high as 1.6 as fears grow of exponential rise in cases

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England’s Coronavirus R rate has shot through the roof across the country and could be as high as 1.6, according to experts. Scientists have warned that the killer infection is growing as it’s reproduction rate is levelled at somewhere between 1.2 and 1.6. The R rate has been measured as being the highest since before […]
World News

Fed expands money market liquidity facility to municipal market

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WASHINGTON (Reuters) – The Federal Reserve Board on Friday said it was expanding its program of support to enhance the liquidity and functioning of state and municipal money markets. Loans will now be available “to eligible financial institutions secured by certain high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds,” […]