U.S. stocks sank on Friday after data showed a worse-than-expected drop in retail sales and as investors worried about increased Sino-U.S. trade hostilities, while signs of a pick-up in demand helped boost oil prices.
Authorities in Wuhan have tested over 3 million residents for the coronavirus in April and May and aim to test all of the rest, state media said, as the city at the epicentre of the original outbreak faces the threat of a second wave of infections.
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action ramping up tensions with China.
Wall Street's main indexes were set to open lower on Friday after the Trump administration's move to block semiconductor shipments to China's Huawei Technologies ratcheted up fears of trade hostilities between Washington and Beijing.
Authorities in Wuhan have tested over 3 million residents for the coronavirus in April and May and aim to test all of the rest, state media said, as the city at the epicentre of the original outbreak faces a threatened second wave of infections.
U.S. stocks futures extended declines slightly on Friday after data showed retail sales plunged much more than expected in April, underscoring the deep economic slump caused by the coronavirus pandemic.
U.S. retail sales endured a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home, putting the economy on track for its biggest contraction in the second quarter since the Great Depression.
A senior British official involved in the negotiations with the European Union about a trade deal said on Friday he remains optimistic about the chances of a deal being reached although significant differences remain.
Britain and the European Union traded threats on Friday over a Brexit free trade deal, warning that unless the other side gave ground there would be no deal - a scenario that would convulse global trade as the world aims to exit the coronavirus lockdown.
The European Union's Brexit negotiator Michel Barnier said on Friday that the third round of talks with Britain on a new partnership was "disappointing".
Nissan Motor Co expects equal contributions to global car sales from China, the United States and elsewhere in coming years as the struggling Japanese carmaker strategises to recover profitability, two people with knowledge of the issue said.
U.S. stock index futures slipped on Friday after the Trump administration moved to block shipments of semiconductors to China's Huawei Technologies from global chipmakers, a move that could ramp up trade tensions between Washington and Beijing.
U.S. stock index futures turned lower on Friday as the Trump administration moved to block shipments of semiconductors to China's Huawei Technologies from global chipmakers, an action that could ramp up trade tensions between Washington and Beijing.
World stocks edged higher on Friday and oil prices rallied more than 2%, as sentiment revived after a week pressured by deteriorating U.S.-China relations.
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces.
Prime Minister Boris Johnson told Britain's parliament on Wednesday that his government moved swiftly to protect the country's vulnerable care homes. Under increasing pressure to defend his record on fighting Covid-19, he said: "We brought in the lockdown in care homes ahead of the general lockdown."
U.S. stock index futures rose on Friday as better-than-expected industrial data from China raised hopes of an eventual economic recovery from coronavirus-related lockdowns.
The Trump administration on Friday moved to block shipments of semiconductors to Huawei Technologies from global chipmakers, in an action that could ramp up tensions with China.
Hawaii is likely to keep its coronavirus stay-at-home measures in place until the end of June and will also discourage tourists from visiting, state Governor David Ige said.
When the head of the World Health Organization returned from a whirlwind trip to Beijing in late January, he wanted to praise China’s leadership publicly for its initial response to the new coronavirus. Several advisers suggested he tone the message down, according to a person familiar with the discussions.
Texas-based CRE8AD8 LLC bid for a federal government contract to quickly rescue food from struggling farmers and deliver it to U.S. food banks as fallout from the coronavirus pandemic has put millions of Americans out of work and driven many to seek help putting food on the table.
The U.S. House of Representatives is set on Friday to debate and vote on a $3 trillion Democratic bill aimed at salving the heavy human and economic toll of the coronavirus pandemic that has caused almost 85,000 U.S. deaths and shut much of the economy.
With Pennsylvania's June 2 presidential primary fast approaching, local Republican leader Mark Hrutkay took to Facebook to remind supporters they have the option to vote by mail as coronavirus sweeps th
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Published on 09:12 GMT Armenia violates ceasefire with Azerbaijan 24 times on Feb.14 - Feb.15
15 February 2020 12:18 (UTC+04:00) 239 By Trend Over the past 24 hours, Armenian armed forces have violated the ceasefire along the line of contact between Azerbaijani and Armenian troops 24 times, Trend reports referring to the Azerbaijani Defense …
Source: Azer News
Published on 01:31 GMT Here's where to fin…
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