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The World Health Organization has warned governments against issuing “immunity passports” to allow people who show antibodies for coronavirus to return to work.  As leaders across the world turn their focus to reopening their economies after weeks of social restrictions designed to contain the pandemic, many have been hoping to deploy some form of certificate
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The US Food and Drug Administration on Friday warned of the risk of heart problems in patients taking antimalarial drugs touted by Donald Trump as a potential treatment for Covid-19. The US drug regulator said on Friday that hydroxychloroquine or chloroquine, whether taken alone or in conjunction with the antibiotic azythromycin, could lead to heart
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US banks are pulling back from lending to European companies during the coronavirus pandemic, fuelling concerns that Wall Street may be quietly withdrawing to its home market in a repeat of the last financial crisis. Bankers, advisers and company executives said American lenders had become more cautious in underwriting bilateral and syndicated loans to large
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A potential antiviral drug for the coronavirus has flopped in its first randomised clinical trial, disappointing scientists and investors who had high hopes for remdesivir, according to draft documents published accidentally by the World Health Organization and seen by the Financial Times. The Chinese trial showed remdesivir — developed by California-based Gilead Sciences — did
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The coronavirus lockdown is doing “unprecedented damage” to European business activity as companies across the services and manufacturing sectors report a record deterioration and warn of a substantial fall in employment, according to data published on Thursday. The IHS Markit flash eurozone purchasing managers’ index for services crashed from 26.4 in March to 11.7 in
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The price of US oil clawed back above zero on Tuesday after plunging into negative territory for the first time as the coronavirus pandemic crushes demand in global energy markets. West Texas Intermediate, the US oil benchmark, was fetching $1.67 a barrel in early Asia trading after starting the session at -$14, meaning that producers
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European Central Bank officials have held high-level talks with counterparts in Brussels about creating a eurozone bad bank to remove billions of euros in toxic debts from lenders’ balance sheets. The plan to deal with debts left over from the 2008 financial crisis is being pushed by senior ECB officials, who worry the coronavirus pandemic
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Conservative activists cheered on in some cases by Donald Trump are vowing to step up street protests against lockdowns imposed to stop the spread of the coronavirus, arguing the restrictions violate their civil rights and threaten their ability to earn a living. The demonstrations in recent days have echoes of the anti-establishment agitation that led
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