HONG KONG (Reuters) – Beijing’s main representative office in Hong Kong warned that the weekend’s pro-democracy opposition primary elections could violate a new national security law, exacerbating concerns about the crackdown on the democratic movement of the former British colony. FILE PHOTO: Riot police patrol in a shopping center during …
Read More »Global stocks pull back as coronavirus rises, tensions between China and the United States rise
LONDON / SINGAPORE (Reuters) – Global stocks fell on Tuesday, oil sank and a security offer supported the dollar as tensions between China and the United States and new coronavirus restrictions in California kept a check on optimism in investors with the earnings season underway. FILE PHOTO: A street cleaning …
Read More »Pandemic pushes Singapore into recession as GDP plummets 41% in Q2
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 …
Read More »California closes businesses and schools as coronavirus outbreak grows
SACRAMENTO (Reuters) – The California governor on Monday put new restrictions on businesses as coronavirus cases and hospitalizations increased, and the state’s two largest school districts, Los Angeles and San Diego, said children they would stay home in August. Governor Gavin Newsom, a Democrat, ordered the closure of bars and …
Read More »China records first import growth since pandemic, exports also increased
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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