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    US airlines pushing for massive bailout gave $45bn to shareholders in five years

    Delta, American, United, Southwest and Alaska want help Top airlines handed out billions to investors and executives The United States’ five largest airlines – which are pushing for a $50bn-plus bailout to help them survive the Covid-19 crisis – have handed out more than $45bn to shareholders and executives over the last five years, research […] More

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    Chinese Ambitions for Latin America: What’s the Trade-Off?

    As the global COVID-19 pandemic engulfs the world, the grand strategy of revisionist powers will either falter or accelerate. At the dawn of the post-coronavirus world — whenever it might come — the Chinese Communist Party will push forward with its Belt and Road Initiative (BRI), which will threaten to further marginalize the role of […] More

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    US government to give citizens emergency financial aid

    White House prepares to send direct payments to Americans as part of stimulus package Coronavirus – latest updates See all our coronavirus coverage Donald Trump has dramatically stepped up the US government’s response to the coronavirus outbreak by announcing plans to send cheques directly to American citizens to give them emergency financial aid, while agreeing […] More

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    Business Is Brisk in MENA Arms Trade

    Other sectors of the world economy may be suffering but the arms industry continues to do a roaring trade, and nowhere more so than in the MENA region. In its annual report released on March 9, the Stockholm International Peace Research Institute (SIPRI), notes a dramatic increase in weapons exports to a part of the world engaged […] More

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    Trump aide Mnuchin: US does not face recession though shutdowns mount

    Treasury Secretary Mnuchin: coronavirus is ‘unique situation’ Dr Anthony Fauci: ‘Life is not going to be the way it used to be’ Trump’s testing failures pave way to disaster, experts say Coronavirus outbreak – live updates The Trump administration on Sunday sought to downplay fears of a recession tied to the coronavirus pandemic, as Treasury […] More

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    Coronavirus: airlines face meltdown as global travel bans multiply

    American Airlines to scrap most long-haul flights while Australia orders all arrivals to self-isolate and Spain goes into lockdown Coronavirus – latest updates The international travel industry faces a widespread shutdown over coronavirus fears after airlines announced new flight reductions and more countries introduced travel bans and isolation requirements. Travel businesses were hit with multiple […] More