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The US Federal Reserve has slashed interest rates to encourage spending and investment. The result has been record-low mortgage rates and lower interest rates on credit card debt.

The US-based Faraday Future unveils its prototype EV FF91 at the Consumer Electronics Show in Las Vegas in January. [Photo provided China Daily]

The US tech heavyweight has also slashed the price of some of its iPhone models by up to about 800 yuan (9) for its channel partners in China.

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The US government is on track to deliver 20 million doses of the Pfizer and Moderna vaccines to states by the first week of January.

The US Senate was poised Wednesday to vote on a trillion relief package for an economy bludgeoned by the coronavirus pandemic, but the vote was delayed over Republican objections to unemployment provisions in the bill.

The US Federal Aviation Administration (FAA) and European regulators may differ about fixes needed to the Boeing 737 MAX's anti-stall device, and a disagreement could further delay the plane's return to service.

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The US saw a resurgence of novel coronavirus cases in many states on Wednesday, hitting a total of 35,000, according to data from Johns Hopkins University — the highest level in two months and now back to where they were at the peak of the outbreak.

The US-China Economic and Security Review Commission proposed similar measures in its 2019 report to the US Congress, though limiting the scope to Chinese stocks with variable interest entity structure.

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The UN agency said the goal of the tour was to "empower young African young entrepreneurs and small businesses."

The US airplane maker said it has hired veteran compensation expert Ken Feinberg to help oversee the distribution of the money to the families of the air crash victims.