Coronavirus: UK economy hit worse than first thought
There was a sharp fall in consumer spending at the end of March, the ONS said The UK economy shrank more than first thought between January and March, contracting 2.2% Continue Reading
Japan automakers’ May global sales drop 38% as lockdowns weigh
Japanese automakers’ global sales declined 38% in May, in the third straight month of big falls as most automotive factories and dealerships remained closed due to coronavirus lockdowns. The country’s Continue Reading
The U.S.-China Feud Gets Nasty
The U.S. and China are moving beyond bellicose trade threats to exchanging regulatory punches that threaten a wide range of industries including technology, energy and air travel. The two countries Continue Reading
Coronavirus rekindles global trade disputes
At the start of the year, U.S.-China tensions were easing after their Phase I trade deal, while Washington, Brussels and Tokyo agreed on new global trading rules to curb subsidies. Continue Reading
China Message to U.S.: Crossing ‘Red Lines’ Could Put Trade Deal at Risk
Under pressure from China, Hong Kong has been chipping away at the territory’s free speech, which is a key pillar of the city’s identity. WSJ visits the set of “Headliner,” Continue Reading
China’s Oil Imports From Saudi Arabia Jump To Record High
As China imported its highest-ever volume of crude oil in May. Chinese imports of crude oil from OPEC’s largest producer, Saudi Arabia, surged by 94.9 percent on the year and Continue Reading
CHINA DATA: May crude imports from Saudi Arabia soar 95% on year to record high
Singapore — China’s crude oil imports from Saudi Arabia soared 94.9% year on year to 9.17 million mt, or 2.17 million b/d, in May, a new record high for a Continue Reading
China’s U.S. Oil Binge Seen Slowing With Virus Revival
A second wave of Covid-19 infections in China’s capital is threatening to depress the nation’s appetite for American oil just after a pick-up in purchases. Signs of weakening demand from the Continue Reading
New U.S. coronavirus cases hit 45,242 for biggest one-day increase of pandemic
The United States recorded 45,242 new cases of COVID-19 on Friday, the largest single-day increase of the pandemic, according to a Reuters tally, bringing the total number of Americans who Continue Reading
A Second Wave of the Virus Is Threatening U.S. Oil Demand Again
After months of empty roads, lockdowns were easing and people were getting behind the wheel again. A station in Northern California was selling gasoline for a whopping $5.98 a gallon. Continue Reading