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Business

BoE vows to fight Covid-19

LONDON: The Bank of England (BoE) says it is working with Britain’s finance ministry and international partners to make sure “all necessary steps are taken” to protect its banking system and the broader economy from the impact of coronavirus or Covid-19.

Economy

Gulf economies suffer as coronavirus hurts oil, trade

DUBAI: Gulf economies will grow at a slower pace than estimated this year, as the coronavirus hurts oil demand, trade and tourism, Standard Chartered PLC said.