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Britain must rebuild with an eye on debt levels, UK's Labour says

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LONDON (Reuters) -Britain must rebuild its economy after COVID-19 with one eye on rising deficit and debt levels, Labour's would-be finance minister Anneliese Dodds said on Monday, criticising the government's response to the crisis as wasteful and divisive.

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Britain must rebuild with an eye on debt levels, UK's Labour says

LONDON (Reuters) -Britain must rebuild its economy after COVID-19 with one eye on rising deficit and debt levels, Labour's would-be finance minister Anneliese Dodds said on Monday, criticising the government's response to the crisis as wasteful and divisive.

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UK's $16 billion test and trace system isn't working, Labour's Dodds says

LONDON Britain has spent 12 billion pounds ($16 billion) on its COVID-19 test and trace scheme yet it is still not working effectively, the opposition Labour Party's finance policy chief Anneliese Dodds said on Monday.

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Transportation chief says aid needed by November to avoid big NYC subway and bus cuts

New York's coronavirus-hit Metropolitan Transportation Authority (MTA) will have to start implementing a dramatic job and service reduction plan in November if it does not receive billions of dollars in federal aid, the agency's chairman said on Thursday. | Video

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Former U.S. VP Gore says Trump is putting 'knee on the neck of democracy'

Former U.S. Vice President Al Gore on Tuesday accused President Donald Trump of trying to "put his knee on the neck of democracy" by undermining mail-in voting and sowing doubts, without evidence, about the integrity of the Nov. 3 election. | Video

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Stacey Abrams warns not to expect a U.S. presidential winner on Election Night

(This Aug 4 story corrects description of new postmaster general in paragraph 4.) | Video

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Airbnb approached about blank-check company merger for public listing: CEO

Home rental startup Airbnb has been approached about going public through a merger with a blank-check acquisition company, a novel way of listing on the stock market that is gaining traction, co-founder and chief executive Brian Chesky said on Wednesday.

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IMF's Georgieva says virus crisis could ultimately test $1 trillion war chest

WASHINGTON International Monetary Fund Managing Director Kristalina Georgieva said on Friday that the global economic crisis spurred by the coronavirus could ultimately test the Fund's $1 trillion in total resources, "but we're not there yet."

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Britain should side with U.S. over Huawei, former PM Blair says

LONDON Britain will ultimately have to side with the United States in a decision on allowing China's Huawei Technologies a role in its 5G network, former Prime Minister Tony Blair said on Thursday.

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West faces 'light Cold War' with China, Blair's institute says

LONDON Former British Prime Minister Tony Blair's institute said on Wednesday that China's newfound global clout means the West faces a "light Cold War" or at least big power rivalry with the People's Republic.

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Britain is a dangerous mess, former PM Blair says

LONDON Former prime minister Tony Blair said on Monday that Britain was in a dangerous mess and that neither his own Labour Party nor Prime Minister Boris Johnson's Conservatives deserved to win a Dec. 12 election. | Video

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Former UK PM Blair: Don't hold your breath for UK-U.S. trade deal

LONDON Former British Prime Minister Tony Blair said on Monday that a UK-U.S. trade deal would be very difficult to agree, saying protectionist sentiment worldwide was making trade agreements harder to negotiate.

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Highlights: Former UK PM Blair says Britain is a mess

LONDON Former British Prime Minister Tony Blair said on Monday that Britain was in a mess, warning that neither his own Labour Party nor Prime Minister Boris Johnson's Conservatives deserved to win a Dec. 12 election.

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Former PM Blair on Labour's Corbyn: Revolutions always end badly

LONDON Former British Prime Minister Tony Blair said on Monday that "revolutions" like the one promised in current Labour Party leader Jeremy Corbyn's election manifesto always end badly.

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Blackstone CEO is optimistic U.S., China will agree trade deal

Private equity firm Blackstone Group Inc Chief Executive Stephen Schwarzman said on Wednesday he was optimistic that the United States and China would resolve their 16-month-long trade war, helping to ease tensions between two of the world's biggest economies.

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Airline bankruptcies surge, leaving rivals vying for planes

PARIS Airline bankruptcies have increased this year at the fastest ever rate, led by the collapse of India's Jet Airways , British travel group Thomas Cook and Avianca of Brazil, according to industry data published on Friday.

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Ryanair can bide its time for better plane deals, says O'Leary

LONDON Ryanair can wait out price rises sought by planemakers since the global grounding of the Boeing 737 MAX, the Irish airline's boss said on Tuesday. | Video

Ryanair to ask Boeing to 'eat' any EU tariffs in jet trade war

LONDON The head of Ireland's Ryanair on Tuesday urged the United States and European Union to pull back from a tariff war over aircraft subsidies and said he would ask Boeing to "eat" any counter-tariffs imposed on the U.S. firm by the EU.

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Ryanair CEO says UK will agree a Brexit deal once 'craziness' passes

LONDON Britain has no choice but to agree an orderly exit from the European Union because the disruption of a hard Brexit would be too damaging to the British economy and to peace in Ireland, Ryanair's chief executive Michael O'Leary said on Tuesday.

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Ryanair boss slams UK aviation regulator after Thomas Cook collapse

LONDON Ryanair boss Michael O'Leary slammed Britain's aviation regulator on Tuesday, saying its soft licensing rules contributed to the chaos around Thomas Cook's bankruptcy.

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U.S. should side with Hong Kong protesters, says ex-Pentagon chief Mattis

NEW YORK Former U.S. Defense Secretary Jim Mattis said on Monday anti-government protests in Hong Kong were "not an internal" Chinese matter and that the United States should offer at least moral support to the demonstrators.