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Reynolds said targeting already mature European payment markets in a business model with relatively conventional origins might seem like an odd choice, but"a partnership with Tribe – whose founders have cut their teeth in European challenger bank markets – is a creative way to do it".

Robert Redfield, director of the US Centers of Disease Control and Prevention, said the department's forecasting models predict deaths from COVID-19 to exceed 100,000 by June 1.

Rowley will visit China at the invitation of Chinese Premier Li Keqiang, spokesperson Geng Shuang told a daily news briefing.

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Richard Crump, managing director of Pelican Engineering Company, which represents Yutong in the UK, said: "While Yutong is one of the largest bus companies in China and Pelican is a British vehicle dealer with 100 years of history, we share the same concept; that customers come first. We believe that, with Yutong's high-quality products and our careful operation, we can achieve better results and serve the European customers better."

Roger Sheng, vice-president of research at global consultancy Gartner Inc, said before considering the ban's possible impact on Huawei, a key question needing to be asked is whether the US government's long-arm jurisdiction can really cover all chip companies around the world.

Rugby World Cup matches and other events were canceled for Saturday, and flights and train services halted. In the town of Kiho, in Mie prefecture southwest of Tokyo, shops were boarded up, boats were anchored, and authorities checked coastal levees. Residents in Tokyo were buying bottled water, cup noodles and other food.

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Rising external demand has led to an increase in exports during the past six months, while the increasing import volume and price of major bulk commodities including iron ore, crude oil and natural gas also contributed to the boost, according to the administration.

Ri, visiting at the invitation of China's Foreign Ministry, will meet with Foreign Minister Wang Yi and other Chinese diplomats, including Vice-Minister Liu Zhenmin and Assistant Foreign Minister Kong Xuanyou, ministry spokesman Geng Shuang said at a regular news conference on Tuesday.

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Retailers' operational costs have also risen, with electricity costs rising by 4.6 percent, labor by 8 percent and rents by 5.6 percent.

Rising public debt and more populist policies have stoked worries about the longer-term outlook of the US dollar, said the report.