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Russia records more than 10,000 new virus cases

Russia reported more than 10,000 new coronavirus cases Wednesday, continuing a grim trend that has seen the country register the world's second-highest number of infections. Health officials reported 10,028 new cases over the last 24 hours, bringing Russia's total number of infections to...

Oil falls as fears of second coronavirus wave take hold

 Oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns. Brent crude LCOc1 dropped 56 cents, or 1.9%, to $29.42 a barrel by 0855 GMT,...

U.K. Economy Plunges Into Recession

Chancellor of the Exchequer Rishi Sunak warned the U.K. is facing a significant recession after a report showed the economy shrank almost 6% in March. The sharp decline is only a small part of the damage of the coronavirus lockdown, which was in place for all of April and is set to endure...