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 »Trump’s COVID orders too little, too late to help US economy, experts say
(Reuters) – U.S. President Donald Trump’s weekend effort to hold stagnant congressional talks on the next coronavirus bailout package will not do much to boost the economy, experts said. US President Donald Trump speaks at a pandemic briefing on coronavirus (COVID-19) disease at the White House in Washington, USA, August …
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 »Spain criticizes UK and Germany for advising tourists to stay away
MADRID / LONDON / BERLIN (Reuters) – Spain reacted angrily on Tuesday to recommendations by Britain and Germany that their citizens avoid their islands and beaches due to an increase in coronavirus cases during what should be the heyday of the tourist season. FILE PHOTO: People sunbathe on Magaluf beach, …
Read More »Morocco closes major cities after increase in coronavirus cases
FILE PHOTO: Police officers patrol the streets after the outbreak of coronavirus disease (COVID-19), outside Casablanca, Morocco, March 25, 2020. REUTERS / Youssef Boudlal RABAT (Reuters) – Morocco will prevent people from entering and leaving some of its largest cities after midnight to contain an increase in COVID-19 cases, the …
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