WASHINGTON (Reuters) – US consumer spending rose for the second month in a row in June, setting consumption for a third-quarter rebound, though the recovery could be limited by a resurgence in COVID-19 cases and the end of expanded unemployment benefits. Concerns about skyrocketing coronavirus infections and expiring unemployment benefits …
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WASHINGTON (Reuters) – US consumer confidence fell more than expected in July amid an outbreak of COVID-19 infections across the country, threatening the economy’s recovery from an unprecedented recession caused by the pandemic. FILE PHOTO: A shopper is seen wearing a mask while shopping at a Walmart store in North …
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AMMAN (Reuters) – Syrian businessman Rami Makhlouf revealed Sunday that he had established a network of companies off the coast to help President Bashar al-Assad evade Western sanctions, in a social media post criticizing the government for investigating your business empire. FILE PHOTO: Syrian President Bashar al-Assad addresses the government …
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BEIJING (Reuters) – China’s industrial companies’ profits rose for the second consecutive month and at the fastest pace in more than a year, adding to signs that the country’s economic recovery from the coronavirus crisis is winning impulse. FILE PHOTO: A worker welds a steel bicycle tire at a factory …
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BEIJING (Reuters) – China’s crude oil imports from Saudi Arabia increased 15% in June from a year ago, as refineries ordered record volumes of fuel in March and April when oil prices fell, solidifying the position of the kingdom as the main supplier of oil to China. FILE PHOTO: An …
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