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EBRD lowers Egypt's 2023 GDP growth forecast to 4.2 pct

STORY: EBRD lowers Egypt's 2023 GDP growth forecast to 4.2 pct DATELINE: May 17, 2023 LENGTH: 00:01:10 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of shops Egyptian people shopping 2. various of the central bank of Egypt STORYLINE: The European Bank for Reconstruction and Development (EBRD) has lowered Egypt's inflation-adjusted GDP growth forecast for 2023 by 0.1 percent to 4.2 percent, Egypt's Al-Ahram newspaper reported on Tuesday. The report cites challenges such as inflation, tight monetary conditions, difficulties in obtaining external financing, and delays in structural reforms and asset sales. Egypt's real GDP growth in the first half of the current fiscal year 2022/23 was 4.2 percent, a significant decline compared to the same period of the previous fiscal year. The EBRD noted that the slowdown was driven by a decline in the manufacturing and construction sectors due to foreign currency shortages, and reduced Suez Canal and tourism revenues. Xinhua News Agency correspondent

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Duty-free shops open in Okinawa airport

NAHA, Japan - A tourist looks around a duty-free shop May 20 at Naha airport in Okinawa Prefecture after the shop opened for domestic travelers. Two duty-free shops, operated by U.S.-based DFS Group Ltd., the world's largest travel retailer, are the first such shops to be opened in Japan.

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Shanghai reopens commercial outlets as epidemic abates

STORY: Shanghai reopens commercial outlets as epidemic abates DATELINE: May 21, 2022 LENGTH: 00:01:06 LOCATION: SHANGHAI, China CATEGORY: ECONOMY/SOCIETY SHOTLIST: 1. various of street view in Shanghai 2. SOUNDBITE 1 (Chinese): ZHANG JING, Director of Lianhua supermarket in Caojiadu, Shanghai 3. SOUNDBITE 2 (Chinese): SHENG LI, Manager of Starbucks at Huaihai West Road, Shanghai STORYLINE: China's financial hub Shanghai is gradually reopening commercial outlets from Monday after weeks of closed management to ward off COVID-19. Commercial outlets such as shopping malls, department stores, supermarkets, convenience stores and pharmacies are among the first to gradually resume in-store operations in an orderly manner and with reduced capacity. SOUNDBITE 1 (Chinese): ZHANG JING, Director of Lianhua supermarket in Caojiadu, Shanghai "In terms of varieties, the supply of grain, flour, rice, and oil is sufficient. We've prepared three to five times the normal amount." Many restaurants and coffee shops in the c

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a record store in a shopping street (Saint-Denis street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

A man is seen entering a sex shop in a shopping street (Saint-Denis street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a closed shops in a shopping street on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a record store in a shopping street (Saint-Denis street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a record store in a shopping street (Saint-Denis street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen being tested for coronavirus in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a postcard shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a closed shops in a shopping street on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

A hairdresser is seen working in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a florist in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a florist in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a closed shops in a shopping street on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a cheese shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a closed shops in a shopping street on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a florist in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

A hairdresser is seen working in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

A hairdresser is seen working in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a florist in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

A hairdresser is seen working in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a cheese shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a postcard shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen being tested for coronavirus in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a florist in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Open Shops during Paris 3rd Lockdown

People are seen passing by a chocolate shop in a shopping street (Montorgueil street) on the first weekend of the 3rd lockdown against covid-19 pandemic, as several parts of France enter a new partial lockdown, in Paris, France, on March 20, 2021. The french government has decided not to close some of the shops which used to be closed during the previous lockdowns such as chocolate shops, haidressers, florists, record stores or libraries. Photo by Aurore Marechal/ABACAPRESS.COM (Credit:Marechal Aurore/ABACA/Kyodo News Images)

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Duty-free shops open in Okinawa airport

NAHA, Japan - A tourist looks around a duty-free shop May 20 at Naha airport in Okinawa Prefecture after the shop opened for domestic travelers. Two duty-free shops, operated by U.S.-based DFS Group Ltd., the world's largest travel retailer, are the first such shops to be opened in Japan.

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Robot2020 Exhibition, Technical Museum in Brno

The first British robot with the letters R.U.R. inspired by Karel Capek's play, which was presented in London in 1923, at the Robot2020 exhibition in the Technical Museum in Brno, Czech Republic, December 8, 2020. The exhibition is inspired by the 100th anniversary of the introduction of the word robot into Czech and other languages. Czech Republic softened the fourth alert level to the third as of the 3rd of December, with all shops, services and restaurants reopening and facilities such as museums, galleries and zoos partly resuming operation. (CTK Photo/Igor Zehl)