Turkey’s President Erdogan Ousts Central Bank Governor

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ISTANBUL—Turkey’s President Recep Tayyip Erdogan dismissed the central bank governor as the country is beset by its second currency crisis in two years. In a decree published in the early hours of Saturday, Mr. Erdogan ended the mandate of Murat Uysal, who had led the institution since the summer of 2019, replacing him with Naci … Read more

EU to Sanction Russia Over Poisoning and Belarus Leader Over Crackdown

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The European Union agreed Monday to impose targeted sanctions against Russian officials and entities allegedly involved in the poisoning of Russian opposition leader Alexei Navalny but officials insisted the move should not undercut Europe’s continued high-level contacts with President Vladimir Putin. Foreign ministers meeting in Luxembourg backed a Franco-German proposal to impose a travel ban … Read more

Covid-19 Vaccine Deployment Would Give Global Economy a Lift Next Year

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Gaining a vaccine to help contain the novel coronavirus would provide a big boost to the global economy in 2021, but the initial geographic distribution of that benefit will likely depend on which vaccine candidate works first. Public health officials around the world increasingly believe at least one of the vaccines now in the later … Read more

U.S. to Investigate Vietnam for Currency Manipulation

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The Trump administration is launching an investigation into the trade practices of Vietnam, faulting the country for currency practices and invoking the same trade law the U.S. used in imposing sweeping tariffs on Chinese imports. The Office of the U.S. Trade Representative Friday evening said it would pursue an investigation into Vietnam’s “acts, policies, and practices that … Read more

Global Coronavirus Death Toll on Cusp of One Million

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The U.S. reported 36,919 new coronavirus cases Sunday as the world-wide death toll approached one million. India, meanwhile, became the second country after the U.S. to have reported more than six million cases. The new U.S. cases bring the nation’s total reported infections to about 7.12 million, with more than 204,750 dead, according to data … Read more

China’s Export Machine Looks Inward as Global Risks Rise

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YIWU, China—Chinese makers of goods for export are seeking to turn inwards and sell domestically, a pivot considered key to making the world’s second-largest economy more self-sufficient. In recent weeks, Chinese President Xi Jinping has called for the country to embrace what he calls domestic circulation—a policy designed to bolster local supply chains and encourage … Read more

U.K. Extends Covid-19 Support to Businesses for Six Months

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LONDON—The British government reversed course and joined other European countries in offering extended help to businesses in the face of a new surge in coronavirus cases. The announcement follows the imposition this week of a new set of restrictions on the U.K. economy because of the rise in Covid-19 cases, which has led some forecasters … Read more

Justin Trudeau Pivots From Scandal With Rebuild of Canadian Economy

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OTTAWA—Canadian Prime Minister Justin Trudeau laid out his plans to rebuild the country’s economy, in an effort to address damage done by the coronavirus pandemic and turn the page on a scandal over the awarding of a contract. His Liberal government outlined the broad strokes of its near-term agenda in a ceremonial speech to Parliament. … Read more

Saudi Arabia to Resume Religious Tourism in Bid to Revive Economy

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Saudi Arabia plans to reopen the two holiest sites in Islam to pilgrims in October, seven months after it suspended visits to prevent the spread of the coronavirus, as it attempts to revive its floundering economy. The kingdom curtailed visits to the main mosques in Mecca and Medina in March after religious gatherings emerged as … Read more

Faltering Service Sector Weighs on Global Recovery as Infections Rise

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The coronavirus’s resurgence is weighing on service providers in Europe and Asia, even as factories continue to report a strengthening recovery from spring’s sharp declines in output. Surveys of purchasing managers in France, Germany and Japan pointed to a decline in activity at businesses that provide services during September, an indication that the global economy … Read more