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South Korea tightens Seoul curbs after record death toll

South Korea banned gatherings of more than four people in the capital and surrounding areas Monday as the country recorded its highest daily coronavirus death toll since the epidemic began. While South Korea has suffered relatively lightly compared to other nations, officials said a surge...

Hong Kong to ban flights from UK from Dec 22

Hong Kong will ban all flights arriving from the United Kingdom from midnight local time on Monday, becoming the first city in Asia to announce such a halt after a new super-virulent strain of the novel coronavirus was identified in Britain. With authorities in the densely packed financial...

Oil prices skid as new coronavirus strain fuels demand worries

Oil prices dropped more than 3% on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe fuelled worries about a slower recovery in fuel demand. Brent crude slid $1.74, or 3.3%, to $50.52 a barrel by 0745 GMT after...

US Congress agrees to $900B COVID-19 relief bill

Congressional leaders announced late Sunday a long-sought deal on a roughly $900 billion coronavirus relief package that would send Americans across the country badly-needed financial assistance.  In addition to direct payments, the legislation is also expected to include efforts to...