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MSNBC MSNBC Reports June 4, 2024 16:45:00

China may be shifting its rigid covid restrictions after a week of widespread protests. many cities in china are starting to ease up and the government is now saying the country is entering a new stage and mission. janis mackey frayer has more. reporter: zero covid is not going away. but the rules do appear to be easing. small moves in some parts of country and just days after those stunning protests. but unwinding lockdowns, quarantines and other harsh controls could trigger a new set of problems here along with a wave of covid infections. china s government rethinking zero covid rules. easing lockdowns overnight in some cities. china s vice premier, the face of every grim lockdown here, now says the country is entering a new stage and mission. but there are fears that years of covid controls here and the banning of foreign vaccines have left the country with little immunity to the virus. ....

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BBCNEWS BBC News June 4, 2024 10:02:00

Who are double vaccinated should be treated differently from those who aren t. plans for easing lockdowns in scotland, wales and northern ireland will be outlined later this month. here s our political correspondent, damian grammaticas. will hospitals be able to cope? it s a risk the prime minister is contemplating taking, his desire is to remove all covid restrictions across england just as infections are rising fast again. but borisjohnson believes relaxing curbs now in the summer is preferable. waiting could be worse. we run the risk of either opening up at a very difficult time when the virus has an edge, has an advantage, in the colder months, oragain, putting everything off to next year. so i do think it s going to be a very balanced decision. what he envisages is no more social distancing. no limits on how many can visit your home, or how many can pack restaurants, bars and pubs. ....

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Crude Oil Prices Climb on Falling Stockpiles, Easing Lockdowns in the US and Europe


Crude Oil Prices Climb on Falling Stockpiles, Easing Lockdowns in the US and Europe
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CRUDE OIL PRICE OUTLOOK:
WTI prices boosted by reopening optimism in the US and Europe as pandemic situations improved
The latest Covid-19 wave from India remains a key concern among oil traders
Crude oil prices hovered near two-month highs during Wednesday’s APAC trade after rising 2.55% a day ago. Prices are buoyed by a larger-than-expected fall in API crude inventories and reopening optimism in the US and Europe. WTI surged even as the DXY US Dollar index strengthened following Treasury Secreta ....

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Pound to Japanese Yen Exchange Rate Steady on Hopes for Japanese Economic Recovery


The Pound to Japanese Yen exchange rate held steady today, with the pairing currently fluctuating around ¥142.000.
The Japanese Yen benefited from news that Japan’s economy could recover to levels seen before the Covid-19 pandemic as early as this March.
Bank of Japan (BoJ) Governor Haruhiko Kuroda explains:
‘Both fiscal and monetary policies have been successful in preventing corporate failures and unemployment.
‘We expect, probably by the end of fiscal 2021 or early fiscal 2022, that Japan s economy would recover and come back to levels before the pandemic started.’
As a result, Japanese Yen investors are now more confident that Japan – the third-largest economy – could begin recover in the next few months. ....

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