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More than 1.4M Americans filed for unemployment benefits last week

The increase defied analysts' expectations of another weekly decrease in new claims, which spiked in March as United States businesses shut down to stop the spr...

China Ordered to Close Houston Consulate

Moon, who now heads China Moon Strategies, a consultancy on trade and economic relations between the United States and China , said that targeting the Hou...

'China engaged for years in massive illegal spying, influence operations throughout US'

Beijing said the action was illegal and pledged to retaliate. Sources told NBC the consulate was known for being a centre for Chinese spying. They said th...

Deal with European Union can still be reached in September - Frost

The EU's chief Brexit negotiator Michel Barnier has confirmed that Downing Street's Brexit deal deadline of the end of July will not be met, and has said that...

Greece says 'illegal' actions of Turkey threaten NATO cohesion

Meanwhile, Germany's foreign minister urged Turkey to drill off the coast of Cyprus, adding the European Union must deliver a "clear" response to these types ...

Trump Does Not Rule Out Closing Additional Chinese Diplomatic Missions

The two countries have sparred over a range of issues in recent times - China's move to impose national security law in Hong Kong, its human rights violation ...

Last Qantas 747 jet says goodbye with 'flying kangaroo' in sky

The final flight was brought forward six months, after the airline made a decision to prematurely retire its fleet due to the impact of the coronavirus pandemi...

Wall Street closes higher, Nasdaq sets record as potential vaccines show promise

Stock futures turned lower after China's Foreign Ministry said the US had instructed China to close its consulate in Houston. The Dow has been up for 2 consecut...

China In Focus: Houston Chinese Consulate Ordered to Close

Two Chinese nationals were charged Tuesday with hacking hundreds of entities around the world, including US biotech companies developing COVID-19 vaccines and t...

Elon Musk qualifies for another fat payday: $2.1 billion

Gigafactory site, although it did not name the location Wednesday. It's clear Tesla sees a significant opportunity with the lucrative compact utility vehicle an...

Gold again at fresh high, nears Rs 50000/10 gm

At 2.30 pm, silver was trading at Rs 58,829 per kg. The jewellery market in Nepal has seen a record price of gold on Wednesday. In worldwide market, gold ...

United States orders China to shut Houston consulate 'to protect American information'

Sen. Marco Rubio , R-Fla., tweeted his support Wednesday for the shuttering of a Chinese consulate in Houston , claiming that spying activity was carried...

June inflation rate turns positive amid early stages of economic reopening

Meanwhile, the Bank of Canada said the core CPI, which excludes volatile food and energy prices, was 1.1% on a yearly basis, and 0.4%, on a monthly basis. The C...

Republicans want more direct stimulus payments, McConnell says

Sen. Rick Scott of Florida left saying it's wrong to "bail out" cash-strapped states. What we do know: The Senate GOP bill, which will be publicly rolled ou...

Alibaba-backed electric vehicle maker Xpeng raises $500m

The funding is pooled to manufacture models suitable for China's middle-class consumers. The other existing big-name backers are Foxconn, Xiaomi , GGV Capital,...

ASX falls 1.3pct while Aussie dollar soars

It was trading at 71.33 United States cents at 0800 AEST, sharply higher from 70.38 U.S. cents at Tuesday's close. Hopes for similar stimulus measures in Wash...

US crude, distillate stockpiles rise unexpectedly

Brent crude LCOc1 was down 24 cents, or 0.6 peercent, at 42.90 dollars per barrel by 0943 GMT while U.S. West Texas Intermediate (WTI) CLc1 slipped 23 cents, ...

What Democrats and Republicans want in the next coronavirus relief package

The differences between the GOP and White House threatens to push any action on the stimulus into August. After meeting behind closed doors for over an hour w...

Euro down from four-month high; hopes for European Union fund remain

The global mood also brightened on growing optimism about a COVID-19 treatment after promising early data from trials of three potential vaccines. The European ...

Nearly 900000 public sector staff see above-inflation pay rise

The British Medical Association said the government should have done more to recognise the efforts of NHS staff who put their lives at risk by treating patients...

US workers strike against racial injustice

A national strike, dubbed the Strike For Black Lives, will see BLM supporters around the country walk off their jobs , picket during lunch breaks, and/or obser...

Australia extends furlough scheme until March

Hamilton said: "The original payment structure - paying eligible businesses $1500 per fortnight for every worker, regardless of each worker's earnings or work h...

Jeff Bezos' wealth shoots off the roof

The 56-year-old Amazon founder has made $74 billion in 2020, bringing his overall fortune up to almost $190 billion-more than what Nike or McDonald's is worth. ...

U.S. Congress, White House talk coronavirus aid as infections surge

Senate Majority Leader Mitch McConnell (R-Ky.) said his caucus will soon release its own COVID-19 proposal, which he said would contain liability exemptions to ...

European stocks hit four-month highs after EU recovery fund sealed

The Bloomberg Dollar Spot Index declined 0.6%.The yen was at 106.81 per dollar.The offshore yuan traded at 6.9707 per dollar.The euro bought $1.1530. European...

Above-inflation pay rises for 9,000 public sector workers

Teachers and doctors will see the largest increase at 3.1% and 2.8% respectively, according to the Treasury. Meanwhile, members of the judiciary and senior ci...

End Is Near For $600/Week Federal Unemployment Add-On

Gaughran is asking them to extend the Federal Pandemic Unemployment Compensation, writing, "Without it, many individuals who are still out of work, due to no ...

Walmart to close Thanksgiving Day 2020

Closing on Thanksgiving has been a source of tension between retailers and labor advocates in the past, especially as many retailers in recent years have op...

Controversial Fed board pick Judy Shelton moves closer to confirmation

Several had then voiced concerns about placing the longtime Fed critic, who has questioned the need for the central bank and slammed its policies, in a position...

LinkedIn cuts 960 jobs as pandemic puts the brakes on corporate hiring

Announcing the plan in a message posted on LinkedIn's website, chief executive Ryan Roslansky said the company would provide at least 10 weeks of severance pa...