WASHINGTON/GENEVA (Reuters) – The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse” than the global financial Continue Reading
Hector Retamal/Agence France-Presse — Getty Images Liu Pei’en held the small wooden box that contained his father’s remains. Only two months ago, he had helplessly clutched his father’s frail hand Continue Reading
China is hurting. The entire global economy has taken a huge hit from the spread of the coronavirus, but so far none have been hit as hard as China, where Continue Reading
The slowdown in China’s electric vehicle sector could have knock-on effects on the battery metals market in both the short and long run, commodities analysts at Argus Media said in Continue Reading
Confirmed cases of the novel coronavirus world-wide surpassed one million Thursday, a grim milestone for the pandemic as governments deploy increasingly stringent measures to battle its spread and a record Continue Reading
The C.I.A. has been warning the White House since at least early February that China has vastly understated its coronavirus infections and that its count could not be relied upon Continue Reading
China’s independent refineries’ crude imports from the Middle East jumped 59% on the month in March, with Saudi Arabian shipments climbing to the top second place, a monthly survey by Continue Reading
President Vladimir Putin on Thursday prolonged until April 30 a paid non-working period across Russia, stepping up measures to stem the spread of coronavirus just a week after the Kremlin Continue Reading
The leaders of several former Soviet republics in Central Asia and elsewhere are still denying the severity of the coronavirus pandemic , weeks after most other governments abandoned that approach. Continue Reading
Prime minister Narendra Modi warned that if India did not get the next 21 days right it would risk wiping out the gains of 21 years. In South Africa, Cyril Continue Reading
China, where the coronavirus outbreak first erupted in December, logged fewer new infections on Thursday, but measures restricting movement across the country have tightened in some places due to fear Continue Reading
The cost of hauling oil from the U.S. to China has skyrocketed to nearly $10 a barrel — almost half of what the American benchmark crude is currently valued at — Continue Reading
President Donald Trump said on Wednesday he was considering a plan to halt domestic flights to coronavirus hot spots inside the United States as the country struggles to contain a Continue Reading
The French government has officially sanctioned the malaria drug chloroquine to fight the SARS-CoV-2 virus, France 24 English reported Saturday. “This ensures continued treatment of patients who have been treated Continue Reading
France became the fourth country to pass the 4,000 coronavirus deaths threshold on Wednesday, after Italy, Spain and the United States, as the government scrambles to stay ahead of the Continue Reading
President Vladimir Putin is taking precautions to protect himself against coronavirus, the Kremlin said on Wednesday, as Moscow authorities launched a smartphone app to track people who have been ordered Continue Reading
In the town of Coccaglio, an hour’s drive east of here, the local nursing home lost over a third of its residents in March. None of the 24 people who Continue Reading
Spain has shed close to 900,000 jobs, more than half of them temporary, since it went into lockdown in mid-March to fight the coronavirus outbreak, social security data showed on Continue Reading
Russia’s coronavirus case tally jumped to 3,548 on Thursday, a record daily increase of 771, Russia’s crisis response centre said. Cases have been recorded in 76 of Russia’s more than Continue Reading
China will extend the subsidies and tax exemption provided for the purchase of new energy vehicles, which was due to be removed by the end of this year, for another Continue Reading
China’s refined oil product consumption over January-February slumped year on year amid the coronavirus outbreak, leading to a surge in exports of gasoline and jet fuel over the same period. Continue Reading
China National Offshore Oil Corporation (CNOOC) is postponing this year’s planned drilling campaign offshore Canada’s east coast because of the coronavirus pandemic, the Chinese state-held oil firm told CBC News Continue Reading
Strict lockdowns in Moscow have been followed up by regions across the country The Russian parliament has approved an “anti-virus” package of laws including up to seven years in prison Continue Reading
MOSCOW (Reuters) – Authorities in Moscow unveiled a smartphone app designed to keep tabs on people who have been ordered to stay at home because of the coronavirus and Russia Continue Reading
Protest movements across the Middle East and North Africa, from Algeria to Lebanon and Iraq, have been severely impacted by the COVID-19 pandemic. The fear of the virus’ spread has Continue Reading
In a world awash in oil and gas, you’d think it couldn’t get any worse. Well, it can: China just announced that it had extracted a record amount of what Continue Reading
China’s oil major Sinopec reduced its capital spending plan for 2020 and said it expected lower run rates this year because of the coronavirus outbreak, Reuters reported , citing a Continue Reading
A rebound in China’s manufacturing sector and a shift by government leaders to loosen the reins on borrowing suggest the worst may be over for an economy suffering its biggest Continue Reading
China pushed its annual college entrance exam back by one month, a sign the government remains worried about the possibility of a second wave of coronavirus infections as cases rise Continue Reading
China is burning more coal in yet another sign that the first country hit by a coronavirus outbreak is returning to a level of normalcy. Daily coal burn at select coastal Continue Reading
GCL System Integration Technology Co. plans to build the world’s biggest solar-panel manufacturing plant, with capacity to meet half of global demand. The Chinese manufacturer plans to invest 18 billion yuan Continue Reading
An official gauge of China’s manufacturing activity rebounded strongly in March as work resumption picked up, though economists warned that business activity remains far from normal following a devastating coronavirus Continue Reading
Some regulators have declared moratoriums on cancellations and nonrenewals of policies. And some are urging car insurers to lower people’s bills. These states note that policyholders now working from home Continue Reading
The spreading coronavirus pandemic may too heavy of a burden for the already struggling coal miners in the United States, with three companies announcing operations halts due to measures to Continue Reading
A U.S. Navy ship outfitted with 1,000 hospital beds pulled into New York Harbor. Tents sprung up in New York City’s Central Park. The Javits Center, a 1.8 million-square-foot convention Continue Reading
Most Americans are now only allowed out to get supplies or exercise About three out of four Americans are now, or about to be, under some form of lockdown, as Continue Reading
The ski pistes are open, the restaurants are doing ample business and the malls are awash with shoppers. Welcome to Sweden, the last holdout among the small number of Western Continue Reading
The rush to what is essentially a new wartime footing began consciously and urgently in the first quarter of 2020 between some of the most powerful geopolitical players of the Continue Reading
Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders already made, putting goods ready to be shipped on hold Continue Reading
China’s central bank unexpectedly cut the rate on reverse repurchase agreements by 20 basis points on Monday, the largest in nearly five years, as authorities ramped up steps to relieve Continue Reading
A hidden pile of debt threatens dozens of emerging-market countries as the global economy stalls and commodity prices tumble. An estimated $200 billion of emerging-market debt owed to China has Continue Reading
The Seattle area, home of the first known coronavirus case in the United States and the place where the virus claimed 37 of its first 50 victims, is now seeing Continue Reading
Agence France-Presse — Getty Images The alarm system was ready. Scarred by the SARS epidemic that erupted in 2002 , China had created an infectious disease reporting system that officials Continue Reading
From the stage of an evangelical superchurch, the leader of the gospel choir kicked off an evening of prayer and preaching: “We’re going to celebrate the Lord! Are you feeling Continue Reading
A day after President Vladimir Putin announced a nine-day paid national holiday in a bid to stem the spread of Covid 19, hotel reservations in the seaside town of Sochi Continue Reading
China’s biggest oil and gas producer PetroChina said it would adjust its previously approved capital expenditure (CAPEX) for this year as Chinese state oil majors join other oil firms in Continue Reading
Dozens of people clashed on the Hubei border after the Chinese government lifted a two-month quarantine on the epicenter of the country’s coronavirus outbreak, highlighting the challenges of undoing the unprecedented Continue Reading
When the novel coronavirus first emerged in China’s Hubei Province, foreign reactions to the country’s handling of the epidemic swung between extremes. At a press conference held in Beijing in Continue Reading
President Trump ordered General Motors Co. to sharply ramp up the production of ventilators to treat coronavirus patients, turning to a wartime presidential power that he had been reluctant to Continue Reading
The Trump administration is preparing to suspend collection of import tariffs for three months to give U.S. companies financial relief amid the coronavirus pandemic, according to administration officials. “Customs duties Continue Reading
