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United Kingdom

Andrea Shalal

U.N. chief urges increase in funding for IMF to help pandemic-hit countries

5:47pm BST

WASHINGTON United Nations Secretary-General Antonio Guterres on Tuesday called for an increase in funding for the International Monetary Fund and expanded debt relief to help developing and middle-income countries recover from the novel coronavirus pandemic.

Trump, pressured over pandemic, says states will receive 150 million tests

8:41am BST

WASHINGTON President Donald Trump, under fire over his handling of the coronavirus epidemic, announced on Monday the federal government would ship 150 million rapid tests to U.S. states and warned an increase in positive cases is likely in the days ahead. | Video

GM will repay $28 million to Ohio in tax incentives after closing plant

28 Sep 2020

WASHINGTON General Motors Co will repay $28 million in state tax incentives to Ohio after the largest U.S. automaker came under heavy criticism for closing its Lordstown Assembly plant in March 2019.

GM will repay $28 million to Ohio in tax incentives after closing plant

28 Sep 2020

WASHINGTON General Motors Co will repay $28 million in state tax incentives to Ohio after the largest U.S. automaker came under heavy criticism for closing its Lordstown Assembly plant in March 2019.

G7 ministers back extension of debt freeze for poorest nations, urge reforms

25 Sep 2020

WASHINGTON/TOKYO/PARIS G7 finance ministers on Friday backed an extension of a G20 temporary freeze in debt payments and recognized the need for broad debt relief in the future, while taking aim at G20 member China over a lack of transparency in its lending.

UPDATE 1-G7 backs extension of G20 debt freeze, calls for reforms to address 'shortcomings'

25 Sep 2020

WASHINGTON/PARIS, Sept 25 G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world's poorest countries, but said it must be revised to address shortcomings hindering its implementation.

Global economic outlook 'somewhat less dire' than expected - IMF

24 Sep 2020

WASHINGTON The global economic outlook is not quite as dark as expected even just three months ago, a top International Monetary Fund official said on Thursday, citing better-than-anticipated economic data from China and other advanced economies.

IMF official warns coronavirus will weigh on some economies for years

23 Sep 2020

WASHINGTON The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday.

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