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US banning transactions on popular Chinese apps

Negotiations on a virus relief package for the US ended Thursday night with the White House and Democrats making no headway on resolving their…

Lower USD yields weaken the dollar and boost Gold

The dollar fell in Asia, hitting a five-month low on the yuan, as the latest coronavirus relief package stalled in Congress and US yields sank…

China retaliates by closing US consulate in Chengdu

Euro zone business activity bounced back to growth in July as more parts of the economy that were locked down to curtail the spread of the cor…

US closes Chinese consulate

The United States gave China until Friday to close its consulate in Houston amid accusations of spying, and President Donald Trump said it was…

US Congress debating a new aid package

EU leaders have yet to reach a deal on a recovery plan including grants and loans to help pandemic-hit countries. The jointly-financed package…

EU leaders brace for a long weekend of talks

EU leaders will today meet in person for the first time since February to try and settle their differences over a radical 750 billion-euro fun…

US and China add odds over the South China Sea

The Trump administration rejected Beijing's expansive maritime claims in the South China Sea, reversing a previous policy of not taking si…

EU budget might need to shrink to be approved by all members

European Council President Charles Michel proposed a smaller joint EU budget for 2021-27 than previously envisaged in an attempt to get the ap…

Dollar holds steady while Yen falls against most majors

The IMF estimates that by the end of this year 170 countries will have lower per capita income. Before the pandemic, back in January, it had p…

EU member states to bridge differences with rebates

The S&P 500 jumped as much as 1.6% and Nasdaq set another record after non-farm payrolls showed 4.8 million jobs were added to the U.S. ec…

EU excludes US residents from non essential travel

China’s new security laws for Hong Kong will punish crimes of secession, subversion, terrorism and collusion with foreign forces with up…

Sterling suffers as the city of Leicester is put under lockdown

Federal Reserve Chair Jerome Powell stressed the importance of keeping the coronavirus contagion contained as the U.S. economy bounces back fr…

Shares fall amid as Covid19 infections increase

Asian and Wall Street shares fell as growing fears of a second wave of coronavirus infections revived economic worries, while underwhelming da…

US indices rally while European indices suffer following disappointing data

The S&P 500 closed at a 15-week high recovering all of its 2020 losses and not a single stock in the index is down for the past 10 weeks.…

China approves law imposing security legislation on Hong Kong

China’s parliament overwhelmingly approved directly imposing national security legislation on Hong Kong to tackle secession, subversion,…

Clashes expected within the EU regarding the new stimulus plan

European shares inched higher as investors focused on a fresh stimulus plan for the European Union. The aim is to help countries and sectors w…

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