Tue, 03 Aug 2021

NEW DELHI -- India's central bank in its monthly bulletin for June 2021 said the second wave of COVID-19 pandemic may result in a loss of 27.11 billion U.S. dollars in output during the current financial year.

The Reserve Bank of India has observed that the Indian economy continues to wrestle with the second wave of the COVID-19 pandemic even though cautious optimism is returning. It has assessed that the second wave has basically hit domestic demand hard. (India-COVID 19-Output Loss)

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BRASILIA -- Brazil registered record-high agri-food exports in May worth 13.94 billion U.S. dollars, up 33.7 percent from a year earlier, the Agriculture Ministry said on Wednesday.

According to the ministry, the exports grew 7.3 percent year-on-year in terms of volume. (Brazil-Agriculture-Exports)

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LUANDA -- Huawei on Wednesday announced that it had invested 60 million U.S. dollars in the construction of two technological training centers in Angola.

Chu Xiaoxin, representative of Huawei in Angola, made the announcement after an audience with Angolan President Joao Lourenco. (Angola-Information Technology-Huawei)

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WASHINGTON -- The U.S. Federal Reserve on Wednesday kept its benchmark interest rates unchanged at the record-low level of near zero, as the economic recovery continues amid growing concerns over inflation surge.

"Progress on vaccinations has reduced the spread of COVID-19 in the United States. Amid this progress and strong policy support, indicators of economic activity and employment have strengthened," the Fed said in a statement after concluding its two-day policy meeting. (US-Fed-Rate)

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