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Italy wants a global agreement on digital tax by end of 2020: Economy Minister

Economy Minister Roberto Gualtieri said on Thursday Italy was still committed to a shared global deal on a tax on digital services, after the United States decided to quit global talks on how to tax sector giants.

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Mother’s Day sales uptick doesn’t cover coronavirus downturn, Washington D.C. florist says

Mother’s Day during the coronavirus pandemic meant an uptick in sales for Lee’s Flower and Card Shop in Washington, D.C.

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U.S. senators unveil bill to curb foreign espionage, influence on campuses

A bipartisan group of U.S. senators unveiled legislation on Thursday aimed at protecting research and innovation on U.S. campuses and prevent suspected theft of intellectual property by China and other countries.

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Months before election, Trump finds himself at odds with most Americans’ views

The temporary fences that separated protesters from the White House have come down. But its occupant, President Donald Trump, appears to be more isolated than ever.

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Spain will not accept threats over digital tax – govt spokeswoman

Spain and its European allies will not accept any threats over a proposed tax on internet giants’ revenues, government spokeswoman Maria Jesus Montero said on Thursday, a day after Washington decided to pull out of talks on the matter.

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EU ready to go it alone on taxation of digital firms

The European Union is ready to go it alone with taxing digital services of firms like Google, Amazon, Facebook or Apple if there is no global deal on such a tax this year, European Economic Commissioner Paolo Gentiloni said on Thursday.

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Europe threatens digital taxes without global deal, after U.S. quits talks

France said a U.S. decision to quit global talks on how to tax big digital firms such as Google , Amazon and Facebook was a “provocation” and the European Union said it could impose taxes even if no deal was reached by year-end.

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Vatican urges Catholics to drop investments in fossil fuels, arms

The Vatican urged Catholics on Thursday to disinvest from the armaments and fossil fuel industries and to closely monitor companies in sectors such as mining to check if they are damaging the environment.

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Top U.S, China diplomats meet in Hawaii as tensions flare

U.S. Secretary of State Mike Pompeo met China’s top diplomat, Yang Jiechi, in Hawaii on Wednesday, in high-level face-to-face talks that have become rare amid tensions between the two strategic rivals.

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Iran rejects U.S. sanctions on Syria, vows to boost trade with ally

Iran on Thursday condemned as inhumane a fresh round of U.S. sanctions against its regional ally Syria and said it would expand its trade ties with Damascus.

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Arrest of former Japanese minister could hasten PM Abe’s departure

The arrest of Prime Minister Shinzo Abe’s former justice minister could be a devastating blow for the Japanese leader whose support is near record lows, raising the possibility of his departure before the end of his term next year.

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PepsiCo drops Aunt Jemima branding; Uncle Ben’s, others under review

PepsiCo Inc said on Wednesday it will change the name and brand image of its Aunt Jemima pancake mix and syrup which have been criticized as racist amid a national debate over racial inequality in the United States.

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Stocks drift as second wave virus fears mount

Global stocks drifted on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic.

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China says it has no intention of interfering in U.S. elections

China said on Thursday it has no intention of interfering in the U.S. elections, responding to U.S. President Donald Trump’s former national security adviser, John Bolton, who has said that Trump had sought Chinese President Xi Jinping’s help to win re-election.

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Lloyd’s of London to pay for its ‘shameful’ sins in Atlantic slave trade

The Lloyd’s of London insurance market has apologised for its “shameful” role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organisations promoting opportunities for black and ethnic minority groups.

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UK says China and Russia trying to exploit coronavirus crisis

The United Kingdom said on Thursday that China, Russia and Iran were looking to exploit weaknesses shown by the coronavirus outbreak, amid suggestions Beijing had used the crisis to push through new security legislation for Hong Kong.

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Lloyd’s of London apologises for ‘shameful’ role in Atlantic slave trade

The Lloyd’s of London insurance market has apologised for its role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organisations promoting opportunities for black and ethnic minority groups.

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Global stocks retreat as investors fret over coronavirus relapse

Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and in China dented hopes of a quick global economic comeback from the pandemic.

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Air maintenance firms, manufacturers plan for $60 billion in lost sales

Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year – and more pain to follow – as airlines park or retire thousands of aircraft due to the coronavirus pandemic.

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Exclusive: Massive spying on users of Google’s Chrome shows new security weakness

A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google’s market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry’s failure to protect browsers as they are used more for email, payroll and other sensitive functions.

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Top U.S, China diplomats meet in Hawaii amid frayed ties

U.S. Secretary of State Mike Pompeo met China’s top diplomat, Yang Jiechi, in Hawaii on Wednesday amid a deep deterioration of ties between the strategic rivals, their first face-to-face meeting since last year.

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U.S. weekly jobless claims remain high, second wave of layoffs blamed

A second wave of layoffs amid weak demand and fractured supply chains is likely keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

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China tells U.S. to stop interfering in its affairs, work to repair relations

China’s top diplomat told his U.S. counterpart that Washington needed to respect Beijing’s positions on key issues, halt its interference in issues such as Hong Kong, Taiwan and Xinjiang and work to repair bilateral relations.

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South Korea’s nuclear envoy visits U.S. as tensions flare with North Korea

South Korea’s chief nuclear negotiator will hold talks with officials in Washington on Thursday amid flaring tensions with North Korea after Pyongyang blew up an inter-Korean liaison office and threatened military action.

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Top U.S, China diplomats hold ‘constructive’ meeting amid strains

U.S. Secretary of State Mike Pompeo met China’s top diplomat, Yang Jiechi, in Hawaii on Wednesday in what Beijing described as a “constructive dialogue,” amid a deep deterioration of ties between strategic rivals that are the world’s two top economies.