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On debt-stricken Lebanon, investors see little room for optimism
Emerging market investors are no strangers to sovereign debt crises, but few have been as perilous as the one facing Lebanon given a toxic combination of financial and political weaknesses and no obvious economic platform on which to build a recovery.
(Thu, 28 May 2020 23:28:09 -0400)
Calm before the storm for Japan suicides as coronavirus ravages economy
The phones at the Tokyo suicide hotline start ringing as soon as it opens for its once-weekly overnight session. They don't stop until the lone volunteer fielding calls from hundreds of people yearning to talk signs out early the next morning.
(Thu, 28 May 2020 23:07:48 -0400)
Hong Kong government warns removing U.S. special status is 'double-edged sword'
Hong Kong told the United States to keep out of the internal debate over new national security laws being imposed by China, and warned that withdrawal of the financial hub's special status under U.S. law could backfire on the U.S. economy.
(Thu, 28 May 2020 22:59:28 -0400)
Minnesota calls in National Guard to quell unrest over black man's death in police custody
Minnesota's governor activated the National Guard on Thursday to help police restore order following two days of violent protests in Minneapolis city over the death of a black man seen in graphic video footage gasping for breath as a white officer knelt on his neck.
(Thu, 28 May 2020 22:44:14 -0400)
House Democrats demand probes of police killings of black Americans
The Democratic-controlled U.S. House Judiciary Committee on Thursday asked the Justice Department to investigate systemic police misconduct following a spate of high-profile police killings of African Americans.
(Thu, 28 May 2020 22:44:14 -0400)
Trump move could scrap or weaken law that protects social media companies
President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized.
(Thu, 28 May 2020 22:43:42 -0400)
Asian stocks slip as markets await Trump's Hong Kong response
Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.
(Thu, 28 May 2020 22:43:26 -0400)
Factbox: What China's tougher national security regime could mean for Hong Kong
China's parliament has approved a decision to go forward with national security legislation on Hong Kong to tackle secession, subversion, terrorism and foreign interference in a city roiled by anti-government protests.
(Thu, 28 May 2020 22:41:17 -0400)
Los Angeles union, joined by 'Pandemic Pig,' demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for the plant's immediate closure, saying measures to control the outbreak were not working.
(Thu, 28 May 2020 21:23:19 -0400)
China public security ministry pledges to 'guide and support' HK police
China's public security ministry pledged to "guide and support" the Hong Kong police force after China's parliament approved a decision to impose a new national security law on the semi-autonomous territory.
(Thu, 28 May 2020 21:12:47 -0400)
China parliament advances Hong Kong security law as U.S. tensions rise
China's parliament on Thursday approved a decision to go forward with national security legislation for Hong Kong that democracy activists and Western countries fear could erode the city's freedoms and jeopardise its role as a global financial hub.
(Thu, 28 May 2020 21:06:28 -0400)
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
Tyson Foods Inc said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country's food supply.
(Thu, 28 May 2020 20:35:31 -0400)
First Latina U.S. senator withdraws name from Biden's running mate list
Democrat Catherine Cortez Masto of Nevada, the first Latina elected to the U.S. Senate, said on Thursday she is not interested in being Joe Biden's running mate in November's presidential election.
(Thu, 28 May 2020 19:42:19 -0400)
Factbox: Biden wants a woman to be his running mate. Here are some names under consideration
The vetting process is underway to help presumptive Democratic U.S. presidential nominee Joe Biden pick his running mate for the Nov. 3 election.
(Thu, 28 May 2020 19:42:19 -0400)
U.N. delays crucial climate summit for a year, cites pandemic
The coronavirus pandemic has prompted the United Nations to delay until late 2021 a crucial climate summit that had been scheduled for Britain this year, officials said on Thursday.
(Thu, 28 May 2020 19:41:19 -0400)
U.S. senators offer bill to prepare for the next pandemic
U.S. senators offered a bipartisan $3 billion plan on Thursday to prepare for the next global health crisis, putting a premium on fighting disease outbreaks and pandemics like COVID-19.
(Thu, 28 May 2020 19:38:30 -0400)
Protests, looting erupt in Minneapolis over racially charged killing by police
Protesters clashed with riot police firing tear gas for a second night in Minneapolis on Wednesday in an outpouring of rage over the death of a black man seen in a widely circulated video gasping for breath as a white officer knelt on his neck.
(Thu, 28 May 2020 19:15:59 -0400)
Wall Street ends down in late selloff; Facebook and China weigh
Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Donald Trump said he would sign an executive order related to social media companies and would hold a news conference on China on Friday.
(Thu, 28 May 2020 19:11:17 -0400)
Nordstrom sales plunge nearly 40% on pandemic-led store closures
Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic shut stores.
(Thu, 28 May 2020 18:17:43 -0400)
U.S. indicts North Koreans, accuses state-owned bank of evading sanctions
The U.S. Justice Department accused North Korea's state-owned bank of evading U.S. sanctions laws and charged 28 North Korean and five Chinese citizens in its largest crackdown on North Korea sanctions violations.
(Thu, 28 May 2020 18:16:49 -0400)
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