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The Federal Reserve widened a key program to nurse the “Main Street” economy through the coronavirus pandemic, agreeing to lend to even larger firms, taking on more risk in participation with banks, and hinting at some form of dedicated help for non-profits.
Hospital Number 52 is one of dozens of Moscow clinics that have stopped taking regular patients to focus solely on treating people with the novel coronavirus and pneumonia.Just weeks after unveiling a massive stimulus scheme, the European Central Bank is under pressure again to deploy even more firepower on Thursday to prop up an economy that could shrink by a tenth this year.
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