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Profit at Chinese state industry rises with virus recovery

The Chinese government says profit at state-owned companies that dominate its banking, oil and most other industries rose by as much as 25% last year as the country recovered from the coronavirus pandemic


The Latest: India vaccine developer warns some to avoid shot

India’s homegrown vaccine developer Bharat Biotech has warned people with weaker immunity and other medical conditions that include allergies, fever, or a bleeding disorder to consult a doctor before taking the shot — and if possible avoid the vaccine


Germany's Merkel, state leaders ponder tougher virus rules

Chancellor Angela Merkel is holding a virtual meeting with the governors of Germany’s 16 states to discuss the country’s pandemic measures amid concerns that new mutations of the coronavirus could trigger a fresh surge in cases






Japan urges South Korea to drop wartime compensation demands

Japan’s foreign minister is accusing South Korea of worsening already strained ties by making what he called illegal demands for compensation for the sexual abuse of Korean women and use of forced laborers during World War II



Biden picks Chopra, Gensler for financial oversight roles

President-elect Joe Biden has chosen Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed



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Xi, Modi expected for 'virtual' Davos in era of pandemic

World Economic Forum organizers are expecting leaders including Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, German Chancellor Angela Merkel and South African President Cyril Ramaphosa for a virtual gathering next week — after the COVID-19 pandemic doused plans for the annual in-person event in Davos, Switzerland





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