News Archives for World - 2020-07-29

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World - 2020-07-29

Fed's Powell says coronavirus surge starting to weigh on economic recovery

US central bank vows to use all tools to support economy.
Fed says economic path depends on novel coronavirus.

Updated 30 Jul, 2020 12:45am

Currency

US slaps sanctions on Syria in push for Assad to end war

The sanctions, imposed under the Caesar Syria Civilian Protection Act and other measures.
"It is time for Assad's needless, brutal war to end. ?This, above all, is what our sanctions campaign is meant to bring about," Pompeo said.

Published 29 Jul, 2020 11:30pm

UK names new MI6 spy chief to tackle challenges from China, Russia

UK appoints Richard Moore as spy chief.
Top priority will be China.
Alex Younger to step down later this year.

Published 29 Jul, 2020 11:27pm

World Bank's IFC to launch $4bn medical supply financing platform

The International Finance Corp's initiative is largely aimed at private-sector projects to manufacture products such as personal protective equipment.
IFC is contributing $2 billion in internal resources with plans for another $2 billion to come from private-sector partners.

Published 29 Jul, 2020 11:16pm

WTO set to skip naming acting chief after US push caused deadlock

The US is insisting on an American, but China and Europe put the brakes on that.
A decision to finalise the interim arrangement could come as early as this week when WTO members are expected to meet.

Published 29 Jul, 2020 11:07pm

Europe

German lawmakers grill Scholz over Wirecard scandal

Scholz entered the closed-door meeting in the parliament's finance committee without giving a statement to reporters.
Scholz last week rushed out a reform agenda that would give financial watchdog BaFin greater investigative and enforcement powers.

Published 29 Jul, 2020 11:06pm

USA

Trump says he never confronted Putin about Russia bounty reports

"I don't have any explanation except that it's part of a pattern that is no surprise to anybody that the president has been very reluctant to cross President Putin."

Published 29 Jul, 2020 05:59pm

USA

Salvadoran president replaces finance minister

Bukele's office made the announcement on Twitter without providing reasons for the change.

Published 29 Jul, 2020 05:56pm

Europe

EU relocates vulnerable asylum seekers from Greece, Cyprus

Greek authorities have kept island camps under coronavirus lockdown since March, prompting criticism from rights groups.

Published 29 Jul, 2020 05:40pm

German ministers face grilling over Wirecard collapse

Wirecard filed for insolvency last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts did not exist.

Published 29 Jul, 2020 05:33pm

Middle East

Child dies, 700 sick in Jordan mass food poisoning

The owner of the restaurant selling the popular rotisserie meat and bread snacks in Baqa'a district northwest of the capital was arrested, local media reported.

Published 29 Jul, 2020 05:30pm

Asia

Indian businessman converts office into coronavirus ward

The coronavirus epidemic is still raging in the world's second-most populous nation, with the number of infections passing 1.5 million on Wednesday, and almost 35,000 deaths.

Published 29 Jul, 2020 05:25pm

USA

Italian coast guard rescues migrants off Libya

France replied there were no French-flagged vessels in the Libyan area of responsibility, it said.

Published 29 Jul, 2020 05:22pm

Asia

Indonesia says detains Vietnam boat with two tonnes of fish

The vessel then slammed into an Indonesian coast guard ship and a passing commercial boat in its failed bid to escape, they added.

Published 29 Jul, 2020 05:17pm

Europe

Peaceful protests a 'fundamental human right': UN watchdog

The independent experts on the Human Rights Committee published a fresh interpretation of the right of peaceful assembly, offering comprehensive legal guidance about where and how it applies and also outlining governments' obligations.

Published 29 Jul, 2020 05:16pm

Europe

France urges caution but says no virus second wave

Veran noted people felt the need to relax after the lockdown imposed to combat the virus but warned this was not the moment to let their guard down.

Published 29 Jul, 2020 05:12pm

Half of coronavirus patients given ventilation died: German study

With the summer holiday season in full swing, politicians are also watching anxiously at infection numbers which have ticked up in recent weeks.

Published 29 Jul, 2020 04:55pm

Exchange

Afghan talks back on track as new ceasefire agreed

The top US diplomat in Kabul welcomed the ceasefire and voiced hope that the two sides would move quickly to the negotiating table.

Published 29 Jul, 2020 04:36am

Faded photo giant Kodak gets $765m for drug business

WASHINGTON: Erstwhile photo giant Eastman Kodak will launch a new business manufacturing pharmaceuticals amid the...

Updated 29 Jul, 2020 03:10am

China halts HK extradition treaties with Canada, Australia, UK

BEIJING: China announced the suspension Tuesday of Hong Kong's extradition treaties with Canada, Australia and...

Updated 29 Jul, 2020 03:10am

Canada OKs remdesivir

MONTREAL: Canada on Tuesday gave the green light for people with severe symptoms of Covid-19 to be treated with the...

Updated 29 Jul, 2020 03:09am

France sends coronavirus ventilators, test kits to India

NEW DELHI: A French air force jet on Tuesday delivered ventilators and tens of thousands of coronavirus test kits to...

Updated 29 Jul, 2020 03:08am

Europe

Virus curbs tightened over fears of a second wave

PARIS: Spain and Germany were among the countries tightening restrictions on Tuesday in a bid to cool coronavirus...