SINGAPORE (Reuters) – Singapore’s trade-dependent economy fell into recession in the second quarter with a record contraction, signaling a global first semester globally and an equally challenging outlook as the coronavirus crisis comes at a high cost in business and demand. Gross Domestic Product (GDP) fell a record 41.2% in …
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WASHINGTON (Reuters) – The United States Senate will begin debating next week on a fifth coronavirus response bill, Senate Majority Leader Mitch McConnell said Monday, predicting difficult negotiations with Democrats that they seek broader help than Republicans. FILE PHOTO: US Senate Majority Leader Mitch McConnell (R-KY) speaks to a journalist …
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BEIJING (Reuters) – China’s imports in June rose for the first time since the coronavirus crisis paralyzed the economy this year as demand for commodities increased as a result of government stimulus, while exports also increased by a a sign that the recovery is gaining ground. FILE PHOTO: Cranes and …
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BEIJING (Reuters) – China’s exports rose unexpectedly in June when foreign economies reopened after the blockades, while imports grew for the first time this year, reinforcing views that the recovery from the pandemic is winning Land in the second largest economy in the world. FILE PHOTO: Cranes and containers are …
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OTTAWA (Reuters) – Canada and the United States are ready to extend the non-essential travel ban that was imposed to combat the coronavirus outbreak, although no final decision has been made, two Ottawa sources familiar with the matter said Monday. Canadian Prime Minister Justin Trudeau attends a press conference at …
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