(Reuters) – The US drive to boost its economy in the midst of a pandemic came to a halt last week with signs that declining unemployment and business subsidies may have begun to take a toll. PHILO PHOTO: People who lose their jobs are usually waiting to work for unemployment …
Read More »China’s economic recovery is underway as consumer comeback remains inevitable
BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. PHILO PHOTO: People wear protective face masks as seen in …
Read More »China’s economic recovery is underway as consumer comeback remains inevitable
BEIJING (Reuters) – China’s retail sales fell in July, sparking high expectations for modest growth as consumers in the world’s second-largest economy failed to shake warnings about the coronavirus while recovering of the manufacturing sector struggled to pick up pace. PHILO PHOTO: People wear protective face masks as seen in …
Read More »Taiwan to increase defense spending as China details combat drills
TAIPEI (Reuters) – Taiwan on Thursday unveiled an increase of T $ 42.1 billion ($ 1.4 billion) in planned spending on defense next year, as China announced details of its latest battlefield near the democratic island. FILE PHOTO: A CM-11 Brave Tiger tank burns during the live fire Han Kuang …
Read More »Trump calls Democratic demands ‘ridiculous’ as blame negotiated over stealing virus help
WASHINGTON (Reuters) – President Donald Trump on Wednesday accused Democrats of Congress of not negotiating a US coronavirus aid package for refusing to engage in “ridiculous” unrelated spending requests the pandemic. Trump’s remarks came after top Republican and Democratic negotiators blamed a five-day patch deal in relief legislation talks. Treasury …
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