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Paris: World economy plunging into downturn: OECD

The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development (OECD) warned today, urging governments and central banks to fight back to avoid an even steeper slump.

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Tokyo: Japan on brink of recession

Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity.

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Bangkok: Thai economic growth slips to 5-year low

Thailand’s economy grew at its weakest pace in five years in 2019 as exports and public investments slowed, adding pressure on the central bank to cut rates to shield South-East Asia’s second-largest economy from the coronavirus epidemic.

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Tokyo – Oil tumbles on virus fear

Oil tumbled on fears China’s deadly coronavirus will crimp demand, prompting Saudi Arabia to say it was closely monitoring the situation.

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Beijing: Scientists providing support

Chinese scientists are conducting research to help provide timely analysis of the epidemic situation and support to formulate targeted strategies for the prevention and control of the novel coronavirus outbreak

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Spike in people scammed by impersonators online

The number of cases of people scammed by impersonators on social media has jumped by more than nine times in the past three years, with many victims – six in 10 – aged in their 20s to 40s.The number of cases rose from 71 in 2017 to 672 cases in the first 11 months of 2019.

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The beat goes on around the world

New York dropped its traditional crystal-encrusted ball to ring in 2020 in a packed Times Square, after crisis-marred celebrations in other countries ended a year of worldwide upheaval that saw strike-hit Paris welcome the new decade with fireworks and London’s Big Ben ring out after a long restoration.

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