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World Bank warns pandemic could pressure food supply chain

Washington, United States | AFP | The coronavirus outbreak and government policies to limit the disease could disrupt food supply chains, potentially threatening food availability, even as prices remain stable in 2020, the World Bank cautioned Thursday. Prices of agricultural commodities are likely to hold up better than oil, metals and …

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Oil roars back as stock markets worry about growth

London, United Kingdom | AFP | Oil prices made a spectacular comeback Thursday as fresh US-Iran tensions erupted while equities were slow to build on recent gains as data provided proof of a dire economic fallout from the coronavirus pandemic. At one point the US crude oil benchmark WTI was up …

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China to give WHO $30 million more after US freezes funds

Beijing, China | AFP | China announced Thursday it will give another $30 million to the World Health Organization to help in the global fight against the coronavirus pandemic, days after Washington said it would freeze funding. The US, which is the WHO’s biggest contributor, accused the organisation last week of …

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Divided EU leaders meet on virus recovery plan

Brussels, Belgium | AFP |  EU leaders are set to haggle on Thursday over a giant package to help their economies recover from the coronavirus pandemic, but bitter divisions mean little progress is expected. The situation facing the EU is dire: more than 110,000 confirmed COVID-19 deaths and an economy set …

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Virus will be with us for a long time: WHO

Genève, Switzerland | AFP | COVID-19 will stalk the planet for a long time to come, the World Health Organization said Wednesday, warning that most countries were still in the early stages of tackling the pandemic. WHO boss Tedros Adhanom Ghebreyesus said some countries that thought they had the new coronavirus …

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Oil rockets higher, boosting global equities

New York, United States | AFP | Beaten-down US oil prices rallied Wednesday following dramatic declines earlier this week, lifting global equities, even as American crude inventories surged closer to capacity levels. Futures for the benchmark West Texas Intermediate for June delivery jumped 19 percent to $13.78 a barrel in New …

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