BEIJING (Reuters) – China said Thursday it will stick to the Phase 1 trade deal it reached with the United States earlier this year, but warned that it will respond to Washington’s “intimidation” tactics as relations continue. deteriorating. FILE PHOTO: Hua Chunying, spokesman for the Chinese Foreign Ministry, speaks at …
Read More »Bank of America benefits more than half as bad loan threat looms
(Reuters) – Bank of America Corp saw its earnings more than half in the second quarter as it set aside $ 5 billion against future credit losses in what its top boss called the “most tumultuous period since the Great Depression.” FILE PHOTO: A Bank of America building is seen …
Read More »Brazilian Bolsonaro, infected with COVID-19, promotes untested drugs
Brazilian President Jair Bolsonaro observes a ceremony to lower the Brazilian national flag at night, at the Alvorada Palace, in the midst of the outbreak of coronavirus disease (COVID-19), in Brasilia, Brazil, on July 15 2020. REUTERS / Ueslei Marcelino SAO PAULO / BRASILIA (Reuters) – Brazilian President Jair Bolsonaro, …
Read More »Taiwan conducts drills to combat invasion amid tensions in China
TAICHUNG, Taiwan (Reuters) – Taiwan’s air, sea and land forces conducted live-fire exercises simulating the repulsion of an invading force on Thursday, and President Tsai Ing-wen said he showed his determination to defend the democratic and reclaimed island. by the Chinese. F-16s and domestically-made Ching-kuo fighter jets launched attacks, and …
Read More »China’s economy recovers after sharp decline, weak demand, US tensions increase risks
BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
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