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President Donald Trump has commuted the prison sentence of Roger Stone, a confidante and self-described political “dirty trickster” in a Friday evening move that sparked widespread anger from Democrats. Mr Trump made the controversial move four days before Mr Stone, 67, was scheduled to start a 40-month sentence at a prison in Georgia. Mr Stone,
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President Donald Trump travelled to Florida on Friday despite the widening coronavirus outbreak in the state, which reported a near record increase in new infections and related fatalities over the past 24 hours. Mr Trump arrived in Miami, where he was due to discuss drug interdiction efforts with the US Navy admiral in charge of
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The US has surpassed 3m confirmed coronavirus cases, driven by new outbreaks in states like California, which on Wednesday recorded the largest-ever one-day jump in infections for any state since the pandemic began. There have been 3,035,337 confirmed cases of Covid-19 in the US, according to data from Johns Hopkins University, accounting for just over
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Christine Lagarde, president of the European Central Bank, has opened the door to using its €2.8tn asset purchase scheme to pursue green objectives, promising to examine changes to all of its operations in the fight against climate change. It is the first time that the ECB president has committed to examine “greener” changes to all of
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International investors bought bonds backed by the crime proceeds of Italy’s most powerful mafia, according to financial and legal documents seen by the Financial Times. In one case, the bonds — backed in part by front companies charged with working for the Calabrian ’Ndrangheta mafia group — were purchased by one of Europe’s largest private
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The United Arab Emirates has announced a sweeping government restructuring, merging ministries and departments as the Gulf state chases economic revival in the wake of coronavirus lockdowns. Sheikh Mohammed bin Rashid al-Maktoum, UAE prime minister and ruler of Dubai, on Sunday also reshuffled cabinet ministers in a shake-up meant to create a more “agile” government,
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Republicans are warning the outlook is “grim” for Donald Trump in Florida, a closely watched battleground state that is seen as pivotal for the US president’s re-election prospects in November. With four months to go until election day, Mr Trump’s poll numbers have dropped sharply across the country, with many Americans disapproving of his handling
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The UK is in talks to join an EU plan to secure supplies of potential coronavirus vaccines in an important test of the co-operation required to tackle international emergencies after Brexit. London is assessing whether the advantages of the European bloc’s bargaining power to strike deals with international drugs companies outweigh the broader political desire
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A senior Federal Reserve official has warned that a wave of business failures owing to the pandemic could still trigger a financial crisis, as he justified the central bank’s continuing efforts to prop up capital markets. “We’re still in the middle of the crisis here,” James Bullard, president of the Federal Reserve Bank of St
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Hong Kong police have made their first arrests under a sweeping new national security law imposed on the Asian financial hub by Beijing that has drawn international condemnation. A day after Chinese president Xi Jinping signed the legislation into law in Beijing, Hong Kong police on Wednesday cracked down on thousands of protesters who defied
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Philippine regulators said they are investigating the local partner businesses of Wirecard in a probe that may finally map out the full extent of the south-east Asian country’s exposure to one of Europe’s worst accounting scandals. The investigation by the country’s National Bureau of Investigation and Anti-Money Laundering Council comes after the dramatic collapse of
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