WASHINGTON -- There is a low risk that U.S.-China political tensions will derail China's V-shaped economic recovery, as the Chinese economy is becoming more domestic consumption-driven, according to a U.S. investment expert.

"Life in China has been gradually getting back to normal since March, and July was the fifth consecutive month of a V-shaped economic recovery," Andy Rothman, investment strategist at San Francisco-based investment firm Matthews Asia, wrote Friday in an analysis. (China-US-Tension-Economy)

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BUENOS AIRES -- Argentine President Alberto Fernandez said on Saturday that the country's economy is beginning to recover from the impact of the COVID-19 pandemic.

"If you look at the indicators of industrial activity, today Argentina is above the activity recorded on March 19, when the first quarantine was decreed, which was hard and lasted a couple of weeks," said the president on local radio, where he discussed data he had recently received showing economic improvement. (Argentina-Economy-Recovery)

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BRUSSELS -- The European Union (EU) considered Israel's decision to suspend its plan to annex parts of occupied Palestinian territory as a positive step, the Council of the EU said in a statement on Saturday.

"Any unilateral decision that undermines a lasting, agreed solution should be avoided," said the statement.

The council also welcomed the normalization of relations between Israel and the United Arab Emirates (UAE), saying such a move will benefit both countries, and is "a fundamental step for the stabilization" of the region. (Israel-UAE-EU)

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MALE -- The Maldives has received foreign aid amounting to 197 million U.S. dollars amidst the COVID-19 pandemic, local media citing the President's Office reported here Saturday.

Policy Secretary of the President's Office Aminath Shauna said that the country has received aid in the form of loans, grants and technical assistance from international institutions including the World Bank, Asian Development Bank, Asian Infrastructure Investment Bank, Islamic Development Bank, International Monetary Fund, OPEC Fund for International Development and European Investment Bank. (Maldives-COVID-Aid) Enditem

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