Business

Coronavirus: Questions over Gilead trades that made millions on possible treatment

Questions are being asked about the trading in shares of a US pharmaceutical company ahead of good news about a possible coronavirus treatment. US based Gilead Sciences has been developing former Ebola drug remdesivir for patients with COVID-19, a disease that has killed more than 370,000 people worldwide. It announced promising results in early stages […]

Business

U.S. manufacturing activity off 11-year low; construction spending falls

WASHINGTON (Reuters) – U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment. The Institute for Supply Management (ISM) said on Monday its index of […]

World News

China warns U.S. it will retaliate on moves over Hong Kong

BEIJING (Reuters) – China said on Monday U.S. attempts to harm Chinese interests will be met with firm countermeasures, criticising a U.S. decision to begin ending special treatment for Hong Kong as well as actions against Chinese students and companies. China’s parliament last week voted to move forward with imposing national security legislation on Hong […]

Business

Asia cautious as U.S. riots weigh on S&P futures

SYDNEY (Reuters) – Asian share markets started on a cautious note and gold gained on Monday as images of riots in burning U.S. cities unnerved investors already tense over Washington’s power struggle with Beijing. E-Mini futures for the S&P 500 ESc1 retreated 0.5% in early action, while gold rose 0.77% to $1,739 an ounce XAU=. […]

World News

Chinese media use race protests to criticise US over Hong Kong

Amid protests over police brutality across the US, Chinese officials and media slam Washington over Hong Kong protests. Chinese state media are taking aim at the US government as many US cities are being gripped by raging protests, comparing the unrest with the pro-democracy movement in Hong Kong. Beijing has long been infuriated by criticism […]

Politics

John Hickenlooper hits the airwaves in U.S. Senate race against Cory Gardner

U.S. Senate candidate John Hickenlooper released his first television ad Sunday, an uplifting message titled “We’re Colorado” that touts the state’s economic resurgence during his time as governor and advocates for economic fairness. Sitting on a porch outside his Denver home, the Democrat looks into the camera and, for 30 seconds, explains that Colorado had […]

World News

SpaceX’s historic encore: Astronauts arrive at space station

CAPE CANAVERAL, Fla. — SpaceX delivered two astronauts to the International Space Station for NASA on Sunday, following up a historic liftoff with an equally smooth docking in yet another first for Elon Musk’s company. With test pilots Doug Hurley and Bob Behnken poised to take over manual control if necessary, the SpaceX Dragon capsule […]

World News

Protesters rally in London, Berlin over George Floyd's death

LONDON (Reuters) – Hundreds of people protested in London and Berlin on Sunday in solidarity with demonstrations in the United States over the death of a black man shown on video gasping for breath as a white policeman knelt on his neck in Minneapolis. The protesters knelt in central London’s Trafalgar Square, chanting “No justice, […]

World News

China re-opens factories after lockdown but braces for economic crisis as demand plummets

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. The country faces its biggest economic downturn since the 1970s and recently took the unprecedented decision to scrap its gross domestic product (GDP) targets. China’s economy shrank by 6.8 percent in the […]

World News

China reports two new coronavirus cases for May 30

BEIJING (Reuters) – China recorded two new confirmed cases of coronavirus on May 30, down from four the day before, data from the country’s health authority showed on Sunday. Both cases were imported in the Chinese province of Shandong, the National Health Commission (NHC) said in a statement on its website. The NHC also confirmed […]