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IMF to make $50b available in emergency aid

Bloomberg The International Monetary Fund (IMF) will provide $50 billion in emergency facilities to low-income and emerging-market countries to mitigate the economic shocks of the coronavirus, including $10 billion in concessional loans. “Our member countries need us more than ever,” the IMF said on its website Wednesday. “Discussions between IMF teams and country officials are advancing quickly.” The IMF has received ...

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Canada workers face Covid-19 slump

Bloomberg They’d just bet millions on a hotel makeover, were waiting tables while pursuing their dream, or toiling in an already tough oil market. Canadians have seen their world upended in a matter of days as the coronavirus shuts down huge swaths of the economy. Now, they’re trying to figure out how to make ends meet and negotiate a maze ...

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Media M&A deals put on hold amid coronavirus

Bloomberg Media companies including AT&T Inc. and ViacomCBS Inc. are pressing the pause button on asset sales worth more than $5 billion because of the global coronavirus pandemic. AT&T’s auction of four regional sports networks, ViacomCBS’s offloading of its publishing arm and closely-held Ion Media Networks Inc.’s $3.5 billion sale process have been held up amid a downturn in financing ...

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