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The US economy contracted 4.8 percent in the first quarter, the first decline since 2014 and the largest since the financial crisis of 2008, the Commerce Department reported Wednesday.

The Union Bank of Switzerland lifted its forecast on the growth rate of China's gross domestic product this year from 1.5 percent to 2.5 percent after the second quarter exceeded expectation, it said in its latest report released on Thursday, China Securities website said.

The United States is home to 156 unicorns, nearly half of the world's total, followed by China with 94 unicorns, Jeff Desjardins, editor-in-chief of media site Visual Capitalist, said in a report called Visualizing the Unicorn Landscape in 2019.

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The US Department of Housing and Urban Development (HUD) charged Facebook Inc on Thursday with violating the Fair Housing Act, alleging that the company's targeted advertising discriminated on the basis of race and color.

The US?steel and aluminum tariffs were imposed early on Friday after Canada, Mexico and the EU refused to accept quotas in negotiations with US?Commerce Secretary Wilbur Ross. Japanese metal producers have been paying the tariffs since March 23.

The US government then launched anti-dumping and anti-subsidy investigations on imports of aluminum foil from China.

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The US aircraft industry is moving toward using its own employees to certify the safety of an aircraft, a departure from prior practices at the Federal Aviation Administration that could endanger air safety, says the former chairman of the National Transportation Safety Board.

The US should handle the Taiwan question with caution and take concrete actions to maintain the general situation of China-US ties and bilateral cooperation in international affairs, the spokesman said.

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The US Centers for Disease Control and Prevention (CDC) has reported a new single-day record of 54,357 cases across the country.

The UK government is keen to engage with Chinese offshore wind opportunities. Earlier this year, the British innovation agent Innovate UK funded the launch of a new platform to support UK companies providing technical solutions to wind farm issues for Chinese partners.