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Covid-19: UK is going on a massive debt spree

The UK Debt Management Office (DMO) has put out a signal of intent: More government bond supply is about to come thick and fast. The amount of gilts to be sold in April will be raised from 20 billion pounds ($22 billion) to 45 billion pounds. Boris Johnson’s government needs swift access to more funding to support the economy during ...

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As virus crisis worsens, garment workers get shaft

As fashion retailers shutter their storefronts across Europe and North America due to the coronavirus, some of the world’s most vulnerable workers are feeling the pain — and getting shafted. In Bangladesh, garment factories have already furloughed more than 1 million workers thanks to at least $3 billion in cancelled and postponed orders. Elsewhere in Southeast Asia, a key hub ...

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Coronavirus: Are we underestimating the death toll, globally?

The Covid-19 epidemic is a fight with an invisible enemy. What’s also worrying is that we just don’t know how bad the disease really is. Many people wonder whether we’re overestimating its deadliness, since countries find it impossible to test those with few or no symptoms. The case fatality rate is the ratio of coronavirus deaths to the number of ...

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