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Latest News
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Xi seeks victory over Trump in race for a COVID-19 vaccine
President Xi Jinping’s government is throwing the might of the Chinese state behind the country’s vaccine developers as the world races to make a shot against the coronavirus.
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Italy says 96% of virus fatalities suffered from other illnesses
The coronavirus outbreak in Italy has struck overwhelmingly among the nation’s older population and those with preexisting medical conditions, according to the national health authority.
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Wuhan tests millions in 12 days as China fears second virus wave
Wuhan, the epicenter of China’s coronavirus outbreak, said it tested nearly seven million people in 12 days, concluding a campaign to test the entire population after several infections prompted fears of a second wave.
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5:03Hong Kong braces for downtown protests over China-backed laws
Hong Kong’s leader defended China’s move to impose sweeping national security laws on the city ahead of a planned protest on Wednesday, as international concern grew over what it would mean for the city’s autonomy.
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WHO’s hydroxychloroquine trial suspended pending safety data
The World Health Organization temporarily halted tests on hydroxychloroquine in its Covid-19 drug trials pending more data because of safety concerns.
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5:03China says Hong Kong judiciary to stay independent under new law
China sought to reassure Hong Kong that its judiciary would remain independent under a new national security law, as concerns grow that the city may lose one of its key selling points for international companies.
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2:27Abe declares end to Japan emergency and seeks to boost economy
The Japanese government ended its nationwide state of emergency Monday as cases tail off and announced a decision on funding for a new aid package to help a virus-battered economy.
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Trump restricts entry from Brazil as virus cases spike there
The U.S. will restrict the entry of non-U.S. citizens arriving from Brazil, where coronavirus cases are spiking, White House Press Secretary Kayleigh McEnany said Sunday.
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Lufthansa's US$9.8 billion bailout bogged down in talks with EU
Germany’s 9 billion-euro (US$9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it’s finalized, people familiar with the matter said.
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Oxford University vaccine trials run into hurdle: Telegraph
The Oxford University team in charge of developing a coronavirus vaccine said a decline in the infection rate will make it increasingly difficult to prove whether it’s been successful, the Telegraph reported.
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6:00
China says U.S. is pushing countries towards 'new Cold War'
“China has no intention to change the U.S., nor to replace the U.S. It is also wishful thinking for the U.S. to change China,” Foreign Minister Wang Yi said Sunday.
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Hong Kong protests roar back after China tightens grip
Police deployed a water cannon and fired tear gas in the Causeway Bay shopping area after hundreds of protesters gathered to oppose new national security legislation from China.
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4:12COVID-19 patients not infectious after 11 days: Singapore study
A positive test “does not equate to infectiousness or viable virus,” a joint research paper by Singapore’s National Centre for Infectious Diseases and the Academy of Medicine, Singapore said.
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4:12Fate of global economy rests more than ever on finding a vaccine
Consumers will stay on edge and companies will be held back as temperature checks and distancing rules are set to remain in workplaces, restaurants, schools, airports, sports stadiums and more.
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Scientists say yes, you can enjoy this summer — just do it outside
What researchers have gleaned about the virus over the past two months should help dampen some fears
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U.S. Treasury's new 20-year bond is a hit, outperforming 30-year
The 20-year Treasury bond -- offered this week for the first time in a generation -- is putting on quite a show.
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U.S. warns new China law jeopardizes Hong Kong's special status
Top U.S. officials warned Friday that China’s push to introduce new national security laws in Hong Kong could jeopardize the city’s special trade status and spark investor flight after President Donald Trump said his government would react “strongly” to the anti-sedition measures.
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Hydroxychloroquine linked to deaths, heart risks in COVID-19 study
Antimalaria drugs that U.S. President Donald Trump has touted for treatment of COVID-19 were linked to an increased risk of death and heart ailments in a study.
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ECB signals June stimulus with swift recovery ruled out
European Central Bank officials have given up on the idea of a swift economic rebound from the pandemic and are ready to add stimulus again next month if new information suggests existing efforts aren’t enough.
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Quarantined Americans embrace cannabis, reshaping an industry
The vlogger on WeedTube seemed to capture the moment. The woman, who posts as @indicawife, told viewers last month that she’d spent some of her $1,200 stimulus check at the local cannabis dispensary.
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9:23
Protesters organize against China security law
Hong Kong braced for fresh demonstrations Friday and into the weekend after China announced it would impose sweeping national security rules onto the city, reigniting tensions that gripped the financial hub for months until the coronavirus ground everything to a halt.
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Mnuchin says 'strong likelihood' U.S. will need more stimulus
Treasury Secretary Steven Mnuchin said Congress will very likely need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak.
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5:18Americans again file by the millions for unemployment benefits
Millions more Americans applied for unemployment benefits last week, indicating major job losses are continuing two months after the coronavirus pandemic started shuttering businesses.
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There's a long way to go before China Inc. abandons U.S. listings
The U.S. fired its latest shot across the bows in its escalating rivalry with China when the Senate overwhelmingly approved a bill that could lead to Chinese companies being barred from listing on U.S. stock exchanges, although few expect China Inc. to abandon the U.S. as a listing venue entirely.
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Diamond Princess's coronavirus cases reveal pattern of disease
Months after the coronavirus infected more than 700 people on board the Diamond Princess cruise ship in Japan, scientists are still gleaning insights into the patterns of illness it causes.
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Ghosn's suspected accomplices in flight arrested in Boston
A former Green Beret soldier and his son, charged in Japan with aiding the escape of Carlos Ghosn, were arrested in Massachusetts Wednesday and are being held for possible extradition.
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7:56China's new outbreak shows signs the virus could be changing
Patients found in the northern provinces of Jilin and Heilongjiang appear to carry the virus for a longer period of time and take longer to recover, as defined by a negative nucleic acid test, Qiu Haibo, one of China’s top critical care doctors, told state television on Tuesday.
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2:15Masks make in-flight distancing unnecessary: IATA
The International Air Transport Association has proposed a series of measures aimed at relaunching the global air travel industry, including the mandatory use of facemasks, a ban on lining up for onboard washrooms and an end to physical distancing.
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5:18U.S. border closure extended 30 more days, Trudeau says
Prime Minister Justin Trudeau says the partial closing of the border with the United States will be extended by another 30 days.
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Mnuchin to exhaust all US$500B in virus loan fund
Treasury Secretary Steven Mnuchin said he plans to use all of the US$500 billion that Congress provided to help the economy through direct lending from his agency and by backstopping Federal Reserve lending programs.
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Jamie Dimon says virus is a wake-up call to address inequalities
Jamie Dimon said he hopes policy makers use the Covid-19 crisis as a catalyst to rebuild a more-inclusive economy as the pandemic exposes stark inequalities among Americans.
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2:15Trump threatens to leave WHO, emboldening Xi in pandemic fight
U.S. President Donald Trump threatened to withdraw altogether from the World Health Organization, a move that rattled the global fight against the pandemic and bolstered Chinese leader Xi Jinping’s position within the international body.
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Over 100 million in China's northeast face renewed lockdown
Some 108 million people in China’s northeast region are being plunged back under lockdown conditions as a new and growing cluster of infections causes a backslide in the nation’s return to normal.
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4:13Trump aide accuses China of using air travellers to 'seed' virus
Peter Navarro’s comments add to the almost daily barrage of U.S. attacks on China, including suggestions that the virus escaped from a laboratory in the central city of Wuhan.
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2:28
China faces angry world seeking virus answers at key WHO meeting
For all the noise, most analysts expect China to command support from a large swathe of the nearly 200 countries taking part in the assembly that need good relations with the world’s second-biggest economy to shore up domestic growth.
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WHO asks countries to make COVID-19 vaccines universally available
The World Health Organization is pushing a proposal that aims to ensure broad access to COVID-19 treatments and vaccines while offering an appropriate reward to creators.
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Job openings in U.S. decline to lowest level since May 2017
U.S. job openings plunged in March to the lowest level since May 2017 as the Covid-19 pandemic began unleashing its devastating impact on the economy.
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U.S. tightens rules to crack down on Huawei's chip supply
The Trump administration has dealt another major blow to Huawei Technologies Co. by curtailing its chip supply, an escalation of its campaign against the Chinese company that may also hurt Taiwan Semiconductor Manufacturing Co.
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U.S. economy sets grim records with April retail, factory data
U.S. retail sales plunged by the most on record for a second month as the coronavirus pandemic shuttered businesses, spurred layoffs and kept Americans at home.
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Italy set to allow free movement within country from June 3
Prime Minister Giuseppe Conte plans to allow citizens to move freely within Italy starting on June 3, a key step in his effort to reopen the country after more than two months of lockdown.