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The US government also is paying for the Pfizer COVID-19 vaccine now being given to millions of Americans. But states must absorb other costs that will run into the millions of dollars, and many of them are basically broke.

The Ukrainian parliament supported a bill earlier this week imposing a martial law in certain regions for 30 days starting from Wednesday due to the tensions with Russia in the Sea of Azov.

The UBS Securities report contended that if consumption and retail sales weaken due to the spread of the virus, monetary easing may step up and drive lending rates down, bolstering domestic demand and anchoring economic growth.

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The US company opened its 15,500-square meter Asia Pacific Technology Center (APTC) in Shanghai earlier this month.

The United States currently tops the world in total cases and deaths, with the state of New York suffering the most with 230,579 cases and 17,131 fatalities.

The US economy expanded at an annual rate of 1.9 percent in the third quarter of the year, slightly lower than the 2-percent growth rate in the second quarter, the Commerce Department reported earlier on Wednesday. This marks a further deceleration from the first quarter's 3.1 percent growth rate.

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The US Federal Reserve showed its independent streak on Wednesday when it announced an increase to a key interest rate despite opposition from Wall Street and US President Donald Trump.

The United States has been accusing Russia of interference in the US presidential elections in 2016 and involvement in hacker attacks against the United States, which have been denied by Russia.

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The US-based consulting firm found 76 percent of Chinese are open to riding in autonomous driving vehicles, higher than the global average of 58 percent.

The United States has challenged the authority of the World Trade Organization by ignoring a WTO ruling, and such a move may escalate trade tension with China, experts said on Wednesday.