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Spanish prime minister moderately optimistic about economic recovery

MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez said on Tuesday he was moderately optimistic about the country’s economic recovery from its worst downturn on record caused by the impact of the coronavirus pandemic. Sanchez reiterated that gross domesti... More »

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Mainland China reports 10 new COVID-19 cases vs 17 a day earlier

BEIJING (Reuters) – Mainland China reported 10 new COVID-19 cases on Aug. 31, down from 17 reported a day earlier, the country’s health authority said on Tuesday. The National Health Commission said in a statement that all new cases were imported infections in... More »

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China sends fighter jets as U.S. health chief visits Taiwan

TAIPEI (Reuters) – Chinese air force jets briefly crossed the mid-line of the Taiwan Strait on Monday and were tracked by Taiwanese missiles, Taiwan’s government said, as U.S. health chief Alex Azar visited the island to offer President Donald Trump’s support.... More »

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There may never be a ‘silver bullet’ for COVID-19, WHO warns

GENEVA (Reuters) – The World Health Organization warned on Monday that, despite strong hopes for a vaccine, there might never be a “silver bullet” for COVID-19, and the road to normality would be long. More than 18.14 million people around the world are report... More »

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Russia is raising oil output as OPEC+ cuts ease: source

MOSCOW (Reuters) – Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday. The Energy ... More »

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Britain set to ban Huawei from 5G, though timescale unclear

LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China’s rising economic and technologi... More »

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German study shows low coronavirus infection rate in schools

BERLIN (Reuters) – Very few of 2,000 school children and teachers tested in the German state of Saxony showed antibodies to COVID-19, a study found on Monday, suggesting schools may not play as big a role in spreading the virus as some had feared. Germany bega... More »

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One fifth of German firms fear for their survival amid pandemic: Ifo

BERLIN (Reuters) – Around one fifth of German companies (21%) believe their survival is threatened by the coronavirus crisis, Germany’s Ifo institute said on Monday, with travel agents, hotels and restaurants particularly concerned. “We could see a wave of ins... More »

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Euro zone data confirm tepid recovery, ECB’s Knot says

FRANKFURT (Reuters) – A string of positive economic indicators in the euro zone confirm that a recovery is on its way but the bloc may still need years to reach pre-crisis levels of activity, European Central Bank policymaker Klaas Knot said on Thursday. “I wo... More »

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France’s Macron to visit Dutch PM Rutte to break EU budget impasse

PARIS (Reuters) – Emmanuel Macron will travel to the Netherlands on Tuesday to try to break Dutch Prime Minister Mark Rutte’s resistance to the European Union’s 750 billion euro aid package that the French president wants to see approved at an EU summit in Jul... More »

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Coronvirus pandemic has been exacerbated by politicisation: WHO

DUBAI (Reuters) – The global coronavirus pandemic has been exacerbated by polititicisation, the World Health Organization’s director general said on Monday. Tedros Adhanom Ghebreyesus was speaking at a virtual health forum organised by the World Government Sum... More »

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Beijing imposes curbs as coronavirus returns to Chinese capital

BEIJING (Reuters) – Several districts of the Chinese capital put up security checkpoints, closed schools and ordered people to be tested for the coronavirus on Monday after an unexpected spike of cases linked to the biggest wholesale food market in Asia. After... More »

ECB contemplating dividend moratorium extension, Enria says

FRANKFURT (Reuters) – The European Central Bank is contemplating whether to extend a request to banks to hold off on dividend payments and share buybacks, and hopes to provide more clarity in July, Andrea Enria, its chief bank supervisor said on Tuesday. The E... More »

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A crisis that has blunted the euro’s global profile

LONDON (Reuters) – The coronavirus crisis may have dealt a lethal blow to the idea that the euro could one day replace the dollar as the world’s preferred currency, by exposing euro zone frailties and cementing the U.S. Fed’s role as global lender of last reso... More »

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Czech coronavirus cases show biggest jump in four weeks

PRAGUE (Reuters) – The number of new coronavirus cases in the Czech Republic showed its biggest daily rise in four weeks and climbed above 100 for the first time this month, the Health Ministry said on Tuesday. The ministry said 111 new cases had been recorded... More »

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China says it is not yet the time to relax coronavirus measures

BEIJING (Reuters) – China’s health authority said on Tuesday that the reappearance of local clusters of coronavirus cases in recent days suggests that counter-epidemic measures cannot be relaxed yet. While prevention and control efforts have normalised, that d... More »

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China announces new tariff waivers for some U.S. imports

BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States. China’s fi... More »

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U.S. steers clear as global COVID-19 pledging conference begins

BRUSSELS (Reuters) – World leaders launched a pledging “marathon” on Monday – without the United States – to raise at least $8 billion for research into a possible vaccine and treatments for the coronavirus. Organisers included the European Union, non-EU state... More »

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Saudi-led coalition in Yemen calls for end to escalation in south

RIYADH (Reuters) – The Saudi-led coalition engaged in Yemen on Monday urged a leading separatist group that declared self-rule in the south to rescind its move, saying it was an “escalatory action” at a time all parties should focus on confronting the novel co... More »

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Northwest China sees return of coronavirus cases

BEIJING/SHANGHAI (Reuters) – A northwestern province on the frontline of China’s coronavirus battle reported on Tuesday its first cases in nearly three weeks, all involving travellers from overseas, as imported infections started to level off elsewhere. The pr... More »

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China seeks fast-track travel arrangements with some countries

BEIJING (Reuters) – China is in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains, the foreign ministry said on Tuesday. Foreign ministry spok... More »

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WHO warns lifting of coronavirus lockdowns must be gradual

BEIJING (Reuters) – The World Health Organization warned on Tuesday that any lifting of lockdowns to contain the spread of the novel coronavirus must be gradual, and if restrictions were to be relaxed too soon, there would be a resurgence of infections. Lockdo... More »

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WHO says concerned about rising confirmed cases in Japan

BEIJING (Reuters) – The World Health Organization said on Tuesday that it was concerned about the increasing number of confirmed cases of the new coronavirus in Japan. But Japan is not yet in the stage of a large-scale community outbreak, Takeshi Kasai, WHO Re... More »

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Key EU states agree coronavirus economic rescue -text of draft deal

BRUSSELS (Reuters) – European Union countries on Thursday evening agreed the emergency credit lines from the euro zone’s bailout fund “will be available until COVID-19 crisis is over”, a draft of their deal read. Afterwards, euro countries should remain commit... More »

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Help in coronavirus crisis should come from European level: ECB

FRANKFURT (Reuters) – Help to euro zone members struggling under the weight of the coronavirus crisis should come from the European level, European Central Bank board member atold Greek newspaper To Vima in an interview. “This is not just a question of Europea... More »

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Some plateauing of London coronavirus outbreak, UK says

LONDON (Reuters) – It will take a week or two before Britain’s social distancing measures start to translate into lower hospitalization rates but there has been a bit of a plateauing in London in recent days, NHS England Medical Director Stephen Powis said. “T... More »

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UK coronavirus death toll rises to 3,605, up 23% in a day

LONDON (Reuters) – The United Kingdom death toll from the coronavirus rose by 684 to 3,605 as of 1600 GMT on April 2, up 23% on the previous day. As of 9am 3 April, a total of 173,784 people have been tested of which 38,168 were positive. Stephen Powis, the na... More »

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Drop in China’s new coronavirus cases- none in Wuhan for sixth day

WUHAN, China (Reuters) – China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world’s second-largest eco... More »

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Britain orders 10,000 ventilators from F1, aerospace consortium

LONDON (Reuters) – Britain has ordered more than 10,000 ventilators from a consortium of leading aerospace, engineering and Formula One racing teams which have met an urgent government plea for help with production due to start this week. The group, including ... More »

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White House not considering three-month tariff deferral: Navarro

(Reuters) – The White House’s top trade advisor denied on Tuesday that the Trump administration was considering a three-month deferral of tariff payments on imported goods to ease the pain of the economic shutdown caused by the coronavirus pandemic. Industry g... More »

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China sees drop in new coronavirus cases- all new cases imported

BEIJING/SHANGHAI (Reuters) – Mainland China saw a drop in its daily tally of new coronavirus cases, reversing four straight days of gains, as the capital Beijing ramped up measures to contain the number of infections arriving from abroad. China had 39 new conf... More »

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EU states agree to suspend airline slot requirements until October

BRUSSELS (Reuters) – The EU agreed on Friday to suspend requirements that oblige airlines to use at least 80% of their take-off and landing slots in order to keep them the following year until Oct. 24 due to the aviation industry crisis unleashed by coronaviru... More »

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Spain’s coronavirus death toll surpasses 1,000

MADRID (Reuters) – Spain’s death toll from the coronavirus epidemic soared to 1,002 on Friday from 767 on the previous day, the country’s health emergencies chief Fernando Simon said. The number of registered cases in the country rose to 19,980 on Friday from ... More »

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Shops close across Turkey, dimming hopes of a boom year

ISTANBUL/ANKARA (Reuters) – Shops closed across Turkey on Thursday to help halt the coronavirus spread, dimming the economy’s prospects and raising questions for hundreds of thousands of workers after Ankara pledged $15 billion in support and advised Turks to ... More »

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Musicians give free online concerts to beat coronavirus

BERLIN (Reuters) – Bans on mass gatherings introduced to slow the spread of the coronavirus pandemic might have been expected to deal a death blow to musical life, but have instead prompted a boom in free online concerts. One musician to step up to the plate i... More »

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Big Dutch galleries close until end of March due to coronavirus

AMSTERDAM (Reuters) – The Dutch national gallery, the Rijksmuseum, and the nearby Van Gogh museum, two of the Netherlands’ premier tourist attractions in Amsterdam, will be closed to the public at least until March 31 due to the coronavirus epidemic. Their ann... More »

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ECB’s Holzmann sees no need for rate cut to combat coronavirus

VIENNA (Reuters) – European Central Bank policymaker Robert Holzmann said he would not support an interest rate cut to insulate the euro zone from the effects of the coronavirus epidemic but he could consider giving firms ultra cheap loans. When asked if targe... More »

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China repeats call for dialogue after North Korea missile launch

BEIJING (Reuters) – China on Monday reiterated a call for dialogue in response to North Korea’s latest missile launch and said all sides involved in efforts to rid the Korean Peninsula of nuclear weapons should reconcile conflicts through discussion. Foreign m... More »

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Louvre museum closed again as workers fret over coronavirus

PARIS (Reuters) – The Louvre museum in Paris shut its doors to art lovers and tourists for a second day on Monday as management held talks with workers over the risks associated with coronavirus. Queues quickly formed in the rain outside the world’s most visit... More »

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ECB can do more if needed, but we’re not there yet: Villeroy

PARIS (Reuters) – The European Central Bank is prepared to support the economy if needed in the face of the coronavirus outbreak, although more action is not yet needed, ECB policymaker Francois Villeroy de Galhau said on Monday. Villeroy, who is also head of ... More »

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Virus epicenter Wuhan revokes announcement easing lockdown

BEIJING/SHANGHAI (Reuters) – An announcement that the Chinese city of Wuhan would relax some of its travel restrictions and allow some people to leave was made without authorization and has been revoked, the local government said on Monday. The city at the epi... More »

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Surging exports lend a fillip to flagging German economy

BERLIN (Reuters) – Germany’s exports rose unexpectedly in October, a morale boost for Europe’s largest economy, which has been teetering on the brink of recession over recent quarters. The 1.2% rise in exports raises hopes that the economy can avoid contractin... More »

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Governments must ensure ECB is not overburdened, Merkel says

FRANKFURT (Reuters) – Euro zone governments must reform their economies and use appropriate fiscal policies to ensure that the European Central Bank is not overburdened, German Chancellor Angela Merkel said on Thursday. Speaking at an event in Frankfurt, home ... More »

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UK PM Johnson: Progress in next few days key to Brexit deal chances

LONDON (Reuters) – British Prime Minister Boris Johnson said on Sunday the next few days would be key to his chances of securing a Brexit deal, and that an agreement with the European Union was still his aim and still possible. With less than seven weeks remai... More »

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China says it hopes U.S. can create conditions for trade talks

BEIJING (Reuters) – China’s foreign ministry reiterated on Tuesday that it had not heard of any recent telephone call between the United States and China on trade, and said it hopes Washington can stop its wrong actions and create conditions for talks. Ministr... More »

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G7 leaders near deal to provide $20 million to tackle Amazon fires

BIARRITZ, France (Reuters) – The leaders of the group of seven nations are close to agreeing a deal to provide $20 million in emergency help to stop the Amazon forest fires, a French presidential source said. “The reality is that for the emergency aid they esp... More »

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Rival in UK PM race calls on frontrunner Johnson to answer…

LONDON (Reuters) – The frontrunner to be Britain’s next prime minister, Boris Johnson, came under renewed pressure on Sunday to explain the circumstances of a late-night row between him and girlfriend that led to the police being called to their home. Polls co... More »

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U.N., European bodies outline joint push against space junk

VIENNA (Reuters) – European and U.N. bodies on Thursday outlined a joint push for global action on space junk, saying that debris orbiting the earth must be cleaned up as satellites launched by private companies and other new entrants are adding to the crowdin... More »

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Mnuchin says Trump could ease up on Huawei if trade talks advance

(Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Sunday that President Donald Trump might ease U.S. restrictions on Huawei if there was progress in the trade row with China – but absent a deal, Washington would maintain tariffs to cut its deficit. “I... More »

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Huawei founder says he would oppose Chinese retaliation against…

(Reuters) – Huawei Technologies’ founder and Chief Executive Ren Zhengfei told Bloomberg bloom.bg/2HT7DUY that retaliation by Beijing against Apple Inc was unlikely and that he would oppose any such move from China against the iPhone maker. When asked about ca... More »

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China says will never surrender to outside pressure as U.S. trade…

BEIJING (Reuters) – China’s foreign ministry said on Monday the country will never surrender to external pressure after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. The trade war between the world’s top... More »

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China says it will never surrender to foreign pressure amid trade…

BEIJING (Reuters) – China’s foreign ministry said on Monday the country will never surrender to foreign pressure after Washington renewed its threat to impose tariffs on all Chinese imports in an escalating trade dispute. Foreign ministry spokesman Geng Shuang... More »

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China’s door to talks with U.S. on trade always open: state media

BEIJING (Reuters) – China’s door to talks with the United States about their trade dispute is always open, but China will not yield on important issues of principle, state media said on Sunday. There are no winners in a trade war, and China does not want to fi... More »

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China says trade delegation is preparing to go to the U.S.

BEIJING (Reuters) – China’s foreign ministry said on Monday a Chinese delegation is preparing to go to United States for trade talks, after U.S. President Donald Trump said he would raise tariffs on $200 billion worth of Chinese goods this week and target hund... More »