Iran said on Wednesday it successfully launched the country’s first military satellite into orbit, triggering protests from the United States and stoking already high tensions over Tehran’s nuclear and missile programs. Iran’s Revolutionary Guards Corps said the satellite “Noor”, or “Light”, was orbiting 425 km (264 miles) above the earth’s surface. The Pentagon declined to […]
Exxon Mobil kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported. The complex, which consists of a 1.6 million tons per year ethylene facility, is one of the few mega petrochemical projects in China wholly owned by a foreign investor. By Reuters
U.S. congressional leaders and the White House agreed on Tuesday on nearly $500 billion more in coronavirus relief for the U.S. economy, bringing to nearly $3 trillion the amount allocated to deal with the crisis. President Donald Trump urged them to pass it quickly, leaving aid to state and local governments for another bill. “I […]
U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, supporting analysts’ views that the economy contracted sharply in the first quarter. The slump in home resales reported by the National Association of Realtors […]
The U.S. debate intensified on Monday over when to lift restrictions to control the coronavirus outbreak, with protesters describing mandatory lockdowns as “tyranny” and New York’s governor and other officials urging caution until more testing becomes available. Stay-at-home measures, which experts say are essential to slow the spread of the virus, have ground the economy […]
Shake Shack said it will return the small business loan it received from the U.S. government, making it the first major firm to hand back money provided to help businesses ride out the impact of the coronavirus lockdown. The company will immediately return the entire $10 million U.S. Small Business Administration (SBA) loan as it […]
The United States, Mexico, and Canada are extending restrictions on non-essential travel across their shared borders for an additional 30 days, U.S. Acting Department of Homeland Security Secretary Chad Wolf said in a tweet.
Thousands of Britons have answered the call for backbreaking work on the country’s fruit and vegetable farms this summer as the coronavirus crisis keeps Eastern European workers away but it may still not be enough to secure the harvest. The National Farmers Union (NFU) says 70,000 to 80,000 jobs need to be filled and the […]
Wine consumption in the European Union is expected to fall this season due to the decision to close bars and restaurants to contain the coronavirus, with exports hit by extra U.S. tariffs, the EU’s executive said on Monday. The European Commission forecast wine consumption in the EU’s 27 member states to fall to 108 million […]
A gunman, who at one point masqueraded as a policeman, killed at least 16 people in the Canadian province of Nova Scotia during a 12-hour rampage, authorities said on Sunday, in what was the country’s worst modern-era mass shooting. Among the victims of the shooting spree that spread across part of the Atlantic Canadian province […]
