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U.S. unemployment rate will get worse, Treasury’s Mnuchin says
FILE PHOTO: People who lost their jobs wait in line to file for unemployment benefits, following an outbreak of the coronavirus disease (COVID-19), at Arkansas Workforce Center in Fort Smith,...
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Lockdowns pile job losses and hunger onto Syrian refugees’ plight
BEIRUT (Reuters) – Ahmad al-Mostafa can’t afford milk for his baby daughter. A Syrian refugee, he has barely been able to feed his family since Lebanon sank into economic crisis last year. But now, a...
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Asian shares push higher as more countries ease lockdowns
SYDNEY (Reuters) – Asian shares followed Wall Street higher on Monday as investors looked ahead to more countries restarting their economies, even as some reported an unwelcome pick up in new...
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China refutes 24 ‘lies’ by U.S. politicians over coronavirus
BEIJING (Reuters) – China has issued a lengthy rebuttal of what it said were 24 “preposterous allegations” by some leading U.S. politicians over its handling of the new coronavirus outbreak. FILE...
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Washington in talks with chipmakers about building U.S. factories
(Reuters) – The Trump administration is in talks with semiconductor companies about building chip factories in the United States, representatives from two chipmakers said on Sunday. FILE PHOTO: U.S....
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Oil prices drop amid supply glut, fears of second coronavirus wave
SINGAPORE (Reuters) – Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply...
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UK issues guidance for employers as lockdown cautiously eased
LONDON (Reuters) – Britain published guidance for employers on how they should begin the cautious re-opening of the economy after Prime Minister Boris Johnson laid out a planned route towards an...
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UK’s Johnson: country at ‘most perilous moment’ as curbs ease
LONDON (Reuters) – Britain faces the most delicate point in its battle against COVID-19 as it passes a peak in infections and starts gradually to ease guidance on social distancing, Prime Minister...
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Wear face coverings, UK says, as confusion surrounds lockdown easing
LONDON (Reuters) – Prime Minister Boris Johnson set out a cautious plan on Monday to get Britain back to work, including advice on wearing home-made face coverings, though his attempt to lift the...
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Oil falls on fears of second coronavirus wave
NEW YORK (Reuters) – Oil prices fell on Monday as investors worried about a second wave of coronavirus infections, but new output cuts from Saudi Arabia tempered worries about oversupply and limited...
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Stocks falter as anxiety grows over second coronavirus wave
SYDNEY/HONG KONG (Reuters) – Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first...
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Asia’s pandemic stimulus may slow the demise of coal
SINGAPORE (Reuters) – Coal power plant construction will push ahead in Asia despite falling electricity demand and environmental concerns as policymakers prioritise boosting economies crippled by the...
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South Korea investigators comb digital data to trace club coronavirus cluster
SEOUL (Reuters) – South Korean authorities were combing through mobile phone data, credit card statements and CCTV footage on Tuesday to identify people who visited nightclubs at the centre of one of...
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Overloaded ventilator fire kills five coronavirus patients in Russia: media
MOSCOW (Reuters) – A fire apparently started by an overloaded ventilator killed five novel coronavirus patients in an intensive care unit in a Russian hospital on Tuesday, news agencies reported....
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UK’s COVID-19 death toll tops 40,000, worst in Europe
LONDON (Reuters) – The United Kingdom’s COVID-19 death toll now exceeds 40,000, by far the worst yet reported in Europe, raising more questions about Prime Minister Boris Johnson’s handling of the...
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Pence keeping his distance from Trump for a few days: White House
FILE PHOTO: U.S. President Donald Trump turns to Vice President Mike Pence as they depart following a coronavirus response news conference in the Rose Garden at the White House in Washington, U.S.,...
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U.S. Senate leader says will only consider narrow coronavirus bill
FILE PHOTO: U.S. Senate Majority Leader Mitch McConnell (R-KY) speaks to reporters after it was announced U.S. congressional leaders and the White House agreed on nearly $500 billion more in...
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Newborns among 16 dead in Kabul hospital attack; 24 killed in funeral bombing
KABUL/JALALABAD (Reuters) – Gunmen disguised as police attacked a hospital in the Afghan capital Kabul on Tuesday, killing 16 people including two newborn babies from a maternity clinic run by the...
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UK GDP shrinks by record 5.8% in March, harder COVID hit ahead
LONDON (Reuters) – Britain’s economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point...
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WHO sees ‘potentially positive data’ in treating coronavirus
GENEVA (Reuters) – The World Health Organization said on Tuesday that some treatments appear to be limiting the severity or length of the COVID-19 disease and that it was focusing on learning more...
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