Sterling On Pace For Its Best Week Against The Dollar Since March
Sterling is on course for its strongest week against the dollar since late March, driven by risk-on sentiment and the…
Category: World
U.S. Scraps Plans To Ban Chinese Airlines But Will Limit Flights To Two A Week
The Trump administration on Friday scrapped a plan to ban Chinese passenger airlines from flying to the U.S. after Beijing said…
Wall Street Jumps On Surprise Fall In Unemployment Rate
U.S. stocks jumped at the open on Friday after a closely watched report showed a surprise drop in the U.S.…
US Unemployment Declines To 13.3% As Economy Added 2.5m Jobs In May
Covid-19’s devastating assault on the US economy waned in May as the unemployment rate dipped to 13.3% and the US…
U.S. Unemployment Rate Close To 20%
The U.S. unemployment rate likely shot up to almost 20% in May, a new post World War Two record, with…
Elon Musk Calls For Amazon Breakup After Covid-19 Skeptic Claims It Censored His Book
Tesla and SpaceX CEO Elon Musk on Thursday tweeted that he thinks it’s time to break up Amazon. His tweet…
NBA Approves Plan To Resume Season In July At Disney World
The NBA’s Board of Governors have approved a plan to restart the suspended season with a tentative July 31 start…
Louis Vuitton Unsure Over $16bn Tiffany Takeover
The world’s biggest luxury goods firm, LVMH, has cast doubt over its planned $16bn (£12.5bn) takeover of US-based jeweller Tiffany.…
German Stimulus Package Hands Families €300 For Each Child
Germany’s coalition government has agreed a €130bn (£114bn) fiscal stimulus package which cuts tax and hands €300 per child to…
Eurozone In Fresh Emergency Action To Boost Economy
The European Central Bank has taken further dramatic measures try to boost the eurozone economies, amid their biggest recession since…
U.S. Jobless Claims Dip Below 2 Million, Road To Recovery Rocky
Other data on Thursday showed a jump in the trade deficit in April as the pandemic upended the global flow…
China’s Aviation Authority To Allow More Foreign Flights After The U.S. Bans Chinese Carriers
China’s aviation authority said Thursday that it would allow foreign airlines to increase flights between the country and other regions…
Russia Declares State Of Emergency After Massive Oil Spill In The Arctic Circle
President Vladimir Putin has declared a state of emergency in a region within the Arctic Circle in far northern Russia…
The Euro Is On Track For Its Longest Winning Streak Against The Dollar Since 2013
The euro is on course to climb against the dollar for the seventh consecutive day on Wednesday, its longest winning…
Chauvin And 3 Former Officers Face New Charges Over George Floyd’s Death
Derek Chauvin now faces a charge of second-degree murder in addition to earlier charges, and three other former Minneapolis police…
Oil Prices Rise As Saudi Arabia And Russia Reach Deal on Output Cut
Oil prices rose Wednesday as Saudi Arabia and Russia reportedly reached a deal on output cuts while weekly U.S. supply…
San Francisco Sees ‘Unprecedented’ Drop In Rent Prices
After years of people bemoaning the state of San Francisco, a city stifled by skyrocketing rent prices and overrun by…
Trump Administration To bar Chinese Passenger Carriers From Flying To U.S.
President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16…
Sweden ‘Could Have Done Better’ In Tackling Coronavirus Outbreak, Chief Epidemiologist Admits
Sweden’s chief epidemiologist, who advocated a no-lockdown strategy to combat the coronavirus epidemic in the country, is conceding that more…
Hackers And Hucksters Reinvigorate ‘Anonymous’ Brand Amid Protests
The amorphous internet activist movement known as Anonymous staged an online resurgence in the past week on the back of…
Netflix, Disney Join Other Big Brands In Support Of George Floyd Protests On ‘Blackout Tuesday’
Hollywood is voicing its support for the “Black Lives Matter” movement, which manifested itself online Tuesday via a viral social…
House Prices See Largest Monthly Fall For 11 years, Says Nationwide
House prices fell 1.7% in May from the previous month, the largest monthly fall for 11 years, according to the…
In Leaked Audio, Zuckerberg Expressed ‘Disgust’ With Trump’s Posts
On Friday afternoon, Facebook made one of its most controversial content moderation decisions in company history. After President Trump posted…
EU, UK Leaders To Meet Later This Month To Resume Brexit Talk
The European Union’s top executive and British Prime Minister Boris Johnson will meet this month for talks that could give…
Eight U.S. States Cast Ballots On Biggest Voting Day Since Coronavirus Pandemic
Eight states and the District of Columbia are holding primary elections on Tuesday, the biggest test yet of officials’ readiness…
Oil rises to $38 as OPEC+ Discusses Production Cut
The Organisation of Petroleum Exporting Countries and its allies led by Russia are moving closer to a compromise on extending…
Qatar Petroleum’s $19 Billion LNG Vessel Order Boon For South Korean Shipbuilders
South Korea’s ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from…
WHO Says Coronavirus Isn’t Losing Potency: ‘This Is Still A Killer Virus’
The World Health Organization cautioned world leaders Monday about reports that the coronavirus is “losing potency,” saying “this is still…
Parisian Cafes Allowed To Open Outdoor Terraces
The Cafe de Flore in Paris, once a favourite drinking hole of Simone de Beauvoir and Jean-Paul Sartre, spread its…