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President Trump on Wednesday suggested that painting the words “Black Lives Matter” on New York City’s Fifth Avenue would amount to a “symbol of hate,” complaining that such an action would be “expensive” and “denigrating [to] this luxury Avenue.”That came shortly after a threat by the president to veto the Pentagon’s budget legislation should it…

World finance group expects a 4.9 percent contraction this year instead of its previously forecast 3 percent drop, underscoring the scale of the task facing policymakers.The International Monetary Fund said Wednesday that damage to the global labor force and continued social distancing would hinder a recovery.Credit...Yuri Gripas/ReutersJune 24, 2020, 9:00 a.m. ETWASHINGTON — The International…