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Antonio Villafranca, research coordinator and co-head of the Europe and Global Governance Centre, Italian Institute for International Political Studies, speaks via video at the Global Think Tank Webinar -"Stronger together: Global recovery from COVID-19" in Beijing on July 29, 2020. [Photo by Feng Yongbin/China Daily]

Another analyst sees the tariffs' impact as exaggerated.

Ant Financial Services Group has raised its agreed offer for electronic payment firm MoneyGram International Inc and the deal was unanimously approved by the US firm's board, outbidding rival Euronet Worldwide Inc.

Anxious traders at work on the floor of the New York Stock Exchange on March 26, when the world's bourses re-opened for the week's trading. The previous week was tumultuous, which saw leading indexes and stocks across the board slump on fears of a possible trade war between China and the United States, and how it could affect the global economy. [Photo/Agencies]

Ant Check Later extends consumer credit ranging from 500 yuan () to 50,000 yuan based on its risk assessment of customers using big data analysis. Credit is interest-free for up to 41 days.