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Goldman Sachs gets even gloomier on the US economy

By Julia Horowitz, CNN Business Goldman Sachs is becoming increasingly pessimistic about the US economy as coronavirus support from the government phases out and consumer spending remains on an uncertain path. What’s happening: Over the weekend, the Wall Street bank downgraded its forecast for America’s economic growth, which is closely monitored by the investment community.

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Alexander Schallenberg was sworn is as the new Austrian chancellor on Monday.

Alexander Schallenberg sworn in as Austria chancellor after Sebastian Kurz quits amid corruption inquiry

By Stephanie Halasz, CNN Alexander Schallenberg was named Austria’s new chancellor on Monday after his predecessor, Sebastian Kurz, resigned abruptly amid a corruption scandal. Former foreign minister Schallenberg was sworn in by President Alexander Van der Bellen at the Hofburg palace in Vienna. Schallenberg, 52, is a career diplomat and a close ally of the

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Southwest Airlines flight cancellations continue into Monday

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines canceled hundreds more flights Monday following a weekend of major service disruptions. By midmorning Monday, Southwest had canceled about 360 flights and more than 600 others were delayed. The Dallas-based airline blamed air traffic control issues and bad weather for weekend “operational challenges” that

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Austria’s president swears in new chancellor

BERLIN (AP) — Austria has a new chancellor, two days after Chancellor Sebastian Kurz resigned amid corruption allegations. Austrian President Alexander Van der Bellen on Monday swore in Alexander Schallenberg, currently the foreign minister, as chancellor. Career diplomat Michael Linhart will become the country’s new foreign minister, Austrian news agency APA reported. Kurz announced Saturday

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Russia’s new COVID-19 infections, deaths near all-time highs

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — Russia’s daily coronavirus infections and deaths are hovering near all-time highs amid a lagging vaccination rate and the Kremlin’s reluctance to toughen restrictions. Russia’s state coronavirus task force reported 29,409 new confirmed cases Monday. That’s the highest number this year and just slightly lower than the pandemic

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