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Wave of demonstrations shutter schools in Nigeria

Bloomberg A wave of demonstrations in Nigeria against police brutality showed no signs of letting up on Wednesday, with a 10th straight day of marches being staged in Abuja, the capital, and Lagos, the commercial hub. Several main streets and bridges in Lagos will be sealed off until police officers who shot dead a participant in an October 12 march ...

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US states see $31b tax revenue drop due to Covid-19 recession

Bloomberg US states saw their tax revenue drop by about $31 billion, or 6%, from March through August, compared to the same period a year earlier, as the pandemic triggered economic shutdowns across the country, according to a data from 44 states compiled by the Urban Institute. The scale of the drop appears smaller than expected, relative to the depth ...

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German recovery loses steam as virus fears rise

Bloomberg Germany’s economy is losing steam but will do slightly better than government forecasts as fears grow over rising coronavirus infections, according to the country’ s five leading research institutes. Gross domestic product will contract by 5.4% in 2020 and grow 4.7% next year, the experts predicted in their latest bi-annual outlook published on Wednesday. In their spring report, they ...

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