News Archives for World - 2020-05-12

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World - 2020-05-12

Giddy US stock market belies economic gloom

"But Wall Street is looking beyond the valley if you will." Disney, for example, reopened its giant amusement

Published 12 May, 2020 10:25pm

Middle East

Saudi Arabia to introduce 24-hour daily curfew across the Kingdom for Eid holiday

Until then economic activities will remain open and people can move freely between 9 a.m. local time (0600 GMT) and

Published 12 May, 2020 10:24pm

Brazil lower house approves redirecting $1.5bn fund to coronavirus fight

The presidential decree, which requires full congressional approval to come into effect, now goes to the Senate.

Published 12 May, 2020 10:22pm

US Supreme Court debates demands for Trump's tax records

The president's defenders say the investigations are politically driven and amount to harassment, interfering in hi

Published 12 May, 2020 10:20pm

North America

Canada offers seniors $500 each for pandemic expenses

"Our parents and our grandparents are most at risk of catching the COVID-19 virus and of suffering the most serious

Published 12 May, 2020 10:18pm

North America

'Serious' consequences if lockdowns eased too fast: US govt expert

"If a community or a state or region doesn't go by those guidelines (on safely ending lockdowns) and reopens... the

Published 12 May, 2020 10:16pm

Islamic State claims deadly attack on Afghan funeral

IS made no mention of a separate attack that took place on Tuesday against a hospital in Kabul that killed 14, incl

Published 12 May, 2020 10:15pm

Oil up after OPEC looks to deepen, extend supply cuts

Brent crude advanced 62 cents, or 2.1pc, to $30.25 by 12:50 p.m. EDT (1650 GMT) while US West Texas Intermediate (W

Published 12 May, 2020 10:15pm

Putin's spokesman becomes fifth senior Russian official to get coronavirus

Government officials attribute the lower death toll and the rising and large number of cases to a vast testing prog

Published 12 May, 2020 10:14pm

French coronavirus death toll, at nearly 27,000, overtakes Spain's

On the second day after the end of a 55-day lockdown, the number of people in intensive care also continued a simil

Published 12 May, 2020 10:12pm

US Democrats unveil $3 trillion virus relief package

The Heroes Act was introduced in the House of Representatives and could be voted on in the Democratically-led chamb

Published 12 May, 2020 10:11pm

EU seeks trade truce with US amid virus crisis

The European Commission, the EU's executive arm, handles all trade negotiations for the EU 27 and represents the me

Published 12 May, 2020 10:10pm

India PM announces $270bn virus economic package

This economic package is for India's self reliant movement. It is for the cottage, small and medium scale indu

Published 12 May, 2020 04:09pm

Afghan forces to resume offensive operations: President Ghani

"I order all the security forces to end their active defence position, return to offensive postures, and resume the

Published 12 May, 2020 04:06pm

UK's COVID-19 death toll tops 38,000, worst in Europe

While different ways of counting make comparisons with other countries difficult, the figure confirmed Britain was

Published 12 May, 2020 02:31pm

WHO sees ‘potentially positive data’ on COVID-19 treatments

More than 100 potential COVID-19 vaccines are being developed, including several in clinical trials. The WHO s

Published 12 May, 2020 01:44pm

Global Business Economy

China exempts more US goods from tariffs as virus hits economy

China had earlier announced one-year exemptions beginning on February 28 involving 65 products from the United Stat

Published 12 May, 2020 12:37pm

Middle East

‘Saudi austerity drive to make pilgrimage costly’

The measures also included suspending the cost-of-living allowance to address the negative impact of the coronaviru

Published 12 May, 2020 12:19pm

Asia

South Korea's club-linked COVID-19 cluster infections rise to 102

It was up 16 compared to 24 hours earlier. Of the total, 64 were Seoul residents and 23 were residents of Gyeonggi

Published 12 May, 2020 12:10pm

Global Business Economy

South Korea renews call for Japan to lift exports curbs

Tokyo initiated a trade war against Seoul in July last year by imposing restrictions on exports of three key indust

Published 12 May, 2020 12:07pm

Virus-hit Iran to reopen mosques for holy nights

The Islamic republic shut its mosques and shrines in March as part of its efforts to contain the Middle East's dead

Published 12 May, 2020 11:44am

Wuhan to test entire population after new virus cluster: state media

The plan come after Wuhan reported the first cluster of new COVID-19 infections since the city re-opened after a 76

Published 12 May, 2020 11:39am

At least seven dead from Indonesia oil tanker fire

The dead were among dozens trapped on the 250-metre (820-foot) Jag Leela when it burst into flames after several ex

Published 12 May, 2020 11:36am

Global Business Economy

Argentina extends debt deadline

Argentina on Monday extended debt restructuring talks with international creditors by a further two weeks to May 22, the deadline for a $500 million bond repayment.