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    Coronavirus: India announces $264bn economic rescue package

    Image copyright EPA Image caption The lockdown has hit poorer Indians and migrant workers hard India has announced a 20 trillion rupee ($264bn; £216bn) economic package to help the country cope with its prolonged coronavirus lockdown. In a televised address Prime Minister Narendra Modi said the measures would support farmers and small businesses. Finance Minister […] More

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    Europe risks botching its big plans to rescue the economy

    The European Union economy will shrink by a record 7.5% this year, the European Commission warned Wednesday, and the drop could be even more precipitous across the 19 countries that use the euro. It’s a much steeper decline than the region suffered following the 2008 global financial crisis, and a more pessimistic outlook than forecast […] More