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Global health fund calls for $8 billion to begin COVID-19 exit strategy

By Kate Kelland LONDON (Reuters) – A leading global health fund has asked international businesses and governments to provide $8 billion to support development and production of COVID-19 tests, drugs and vaccines. British-based Wellcome Trust said the initiative, dubbed COVID-Zero, is aimed at the private sector and it is urging chief executives of multinational companies […]

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Samsung first-quarter beats estimates; chips likely to prop up virus-hit second-quarter

By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> said on Tuesday its first-quarter operating profit likely managed to rise slightly from a slump a year earlier, as solid chip sales helped cushion the blow from the coronavirus pandemic on smartphones and TVs. The global leader in semiconductors is benefiting […]

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Dutch government says no again to using eurobonds for virus crisis

AMSTERDAM (Reuters) – The Dutch finance minister Wopke Hoekstra repeated on Tuesday that the Netherlands would not support the use of “eurobonds” to combat Europe’s coronavirus outbreak and it would only support using the European Stablity Mechanism (ESM) with conditions. “Eurobonds, I wouldn’t do that, and the cabinet also wouldn’t do that,” Hoekstra told parliament […]

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Thailand announces $58 billion plan to mitigate coronavirus impact

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s cabinet approved a package of economic measures worth 1.9 trillion baht ($58 billion) on Tuesday to alleviate the impact of the coronavirus outbreak, Finance Minister Uttama Savanayana said. The package for Southeast Asia’s second-largest economy includes a law to borrow 1 trillion baht plus central […]