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Malaysia to extend lockdown, boost coronavirus aid, says PM Muhyiddin

Bloomberg Malaysia will extend a nationwide lockdown that was originally due to end on Monday as new Covid infections are still too high, Prime Minister Muhyiddin Yassin said. The movement restrictions will now stay in place until the nation’s daily caseload falls below 4,000, the official Bernama news agency reported, citing the premier. The government will announce more comprehensive assistance ...

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Search for survivors continues at collapsed Miami-area building

Bloomberg Rescuers continue to look for survivors from the building that collapsed in a South Florida town, leaving nine dead and more than 150 people missing, according to Miami-Dade County Mayor Daniella Levine Cava. Visibility at the site has improved after the fire and smoke were controlled afternoon, and crews have been joined by additional search and rescue experts from ...

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China banks stockpile record $1 trillion of foreign exchange

Bloomberg Chinese banks’ stockpile of foreign-currency deposits has surpassed $1 trillion for the first time, creating an opportunity for Beijing to allow greater freedom for capital to flow out of the country. The pool has been growing as surging demand for Chinese goods during the pandemic has beefed up foreign earnings of exporters, while the resilient economy and strengthening currency ...

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