WASHINGTON (Reuters) – President Donald Trump on Tuesday ordered the end of Hong Kong’s special status under US law to punish China for what he called “oppressive actions” against the former British colony. United States President Donald Trump attends a press conference at the Rose Garden at the White House …
Read More »Fed officials warn of ‘thick fog’ looming for the US economy as recovery concerns deepen
WASHINGTON (Reuters) – The US economy will have a slower-than-expected recovery amid a surge in new cases of coronavirus across the country, and a broad second wave of the disease could cause economic pain deepen again, Federal Reserve officials warned Tuesday. . FILE PHOTO: The Federal Reserve Board building on …
Read More »UPDATE 1: Gasoline and Food Drive US Consumer Inflation in June
(Add report details, background) WASHINGTON, Jul 14 (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue. injecting money into the economy in crisis. The Labor …
Read More »Gasoline and Food Drive US Consumer Inflation in June
WASHINGTON (Reuters) – US consumer prices rose the most in nearly eight years in June when companies reopened, but the underlying trend suggested that inflation would remain silent and allow the Federal Reserve to continue to inject money into the economy. In crisis. FILE PHOTO: A merchant works inside his …
Read More »WHO warns that the coronavirus crisis may worsen ‘worse and worse and worse’
GENEVA / ZURICH (Reuters) – The new worldwide coronavirus pandemic will worsen if countries fail to comply with strict health precautions, the World Health Organization (WHO) warned Monday. FILE PHOTO: The Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, attends a press conference organized by the Geneva …
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