World

Chinese banks move to comply with US sanctions on Hong Kong

China’s largest state-owned banks operating in Hong Kong are taking tentative steps to comply with US sanctions imposed on city officials, and are trying to protect their access to major dollar financing and foreign networks. Large lenders with operations in the US included Bank of China Ltd., China Construction Bank …

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UK suffers record recession over virus fallout

Britain’s economy shrank by one-fifth, more than any European neighbor, in the second quarter, as corporate coronavirus lockdown hit companies and plunged the country into deep plunge in the deepest recession, official data showed see Wednesday. “It is clear that the UK is on record in the biggest recession,” the …

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