China’s retail sales slipped in July. Chinese data The most recent data released Friday showed that consumers in the second-largest economy of the world cannot get over their cautiousness about coronavirus as the factory sector is losing its recovery momentum. A series...
US Secretary of State Mike Pompeo said the executive orders signed by President Donald Trump against Chinese social media platforms such as TikTok and WeChat could expand to more Chinese companies. US-China tech war Although Pompeo did not speak in detail...
The novel coronavirus (Covid-19), which first identified in China's Wuhan and spread rapidly around the world, is the most important factor affecting global asset prices in 2020. Concerns in markets, especially with the global shock of the outbreak, and...
The UK economy contracted at a record 20.4% between April and June, when the government put in place strict anti-coronavirus measures. UK in recession According to official figures released Wednesday, this number represents the largest contraction reported by any major economy...
Investor sentiment in Germany increased more than expected in August. ZEW report A report released on Tuesday by the European Center for Economic Research (ZEW) based in Mannheim, Germany showed that hopes remained high that Europe’s largest economy is on the...
World markets rally on Monday following US President Donald Trump executive actions over the extension of unemployment payments, prevention of home evictions, and payroll tax cuts. Trump actions Speaker of the US House of Representatives Nancy Pelosi described the executive orders...
Markets enter the new week as the US President Donald Trump extended unemployment payments and suspended income tax till the end of the year. US stimulus talks Trump’s steps immediately drew fire from the Democrats who failed to reach an agreement...
US employment growth slowed significantly in July with the ‘second wave’ increase in COVID-19 infections but still came at a remarkable gap over more pessimistic market expectations. US employment The US Department of Labor said on Friday that non-farm payrolls rose...
The number of Americans looking for unemployment benefits fell last week but remained above 1 million. US unemployment figures According to a report released by the US Department of Labor on Thursday, the number of Americans applying for state unemployment benefits...
The humanitarian, regional, and international dimension of the huge explosion the Lebanese capital Beirut’s port is unfolding. Beirut explosion The explosion that Lebanese military and civilian authorities, including President Michel Aoun, said was caused by 2750 tons of ammonium nitrate held...

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