LONDON (Reuters) – British Prime Minister Boris Johnson postponed a planned relief from the coronavirus blockade in England on Friday after an increase in infections amplified fears of a second fatal increase in COVID-19 cases. People wear protective masks as they walk through Manchester as the city and surrounding area …
Read More »United States consumer spending continues; declining revenue poses a challenge
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 …
Read More »The epicenter of the US coronavirus shifts to the midwestern states
WASHINGTON / NEW YORK (Reuters) – The epicenter of the coronavirus pandemic in the United States showed signs of moving to the Midwest on Thursday, as Sunbelt states hoped that new infections and deaths would begin to decline. People wear masks while walking on the sidewalk during the outbreak of …
Read More »China warns India against ‘forced decoupling’ of its economies
(Reuters) – China warned on Thursday that a “forced decoupling” of its economy from India, following a border clash in the Himalayas last month that killed 20 Indian soldiers, would harm both countries. The Chinese ambassador said that China was not a strategic threat to India and that “the overall …
Read More »The Fed chief says the surge in the coronavirus slows down the US economic recovery.
(Reuters) – The rise in coronavirus cases in the United States is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, vowing that the United States central bank “will do what we can, and for as long as necessary. ” “To limit damage and …
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