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UN appeals for $4.7 billion more to fight Covid-19

The United Nations on Thursday issued a new appeal for $4.7 billion in funding to "protect millions of lives and stem the spread of coronavirus in fragile countries." The money is on top of the $2 billion the UN already called for when it launched its global humanitarian response plan on...

Turkey lira hits record low against dollar

Turkey's lira hit a record low against the US dollar Thursday as traders worried over the impact of the coronavirus crisis on the Turkish economy and Ankara's policies. The lira was trading at 7.23 to the dollar, down 0.6 percent just before 1000 GMT, after reaching a record low of 7.24...

China slams US after Trump virus 'attack' claim

China accused the United States Thursday of trying to shift blame over the coronavirus, after President Donald Trump said the pandemic was a worse "attack" than Pearl Harbor or 9/11. Tension between the world's two biggest economies has reached fever pitch in recent days as they have...

Oil extends losses on supply overhang, weak outlook

Oil prices extended losses on Thursday as the industry grappled with the growing global surplus of crude and the sharp coronavirus-led downturn in demand, with the outlook still grim despite April data showing a rise in imports into China. Brent crude LCOc1 was down by 24 cents, or 0.8%, to...

Trump vetoes measure limiting his war powers in Iran

U.S. President Donald Trump vetoed Wednesday what he called a "very insulting" congressional resolution seeking to limit his war powers in Iran. In a statement, Trump said he had used his veto because the resolution -- a rare bipartisan rebuke to the president approved in March -- was based...

US announces $225 million in emergency aid to Yemen

The United States will provide $225 million in emergency aid to Yemen to support food programs, U.S. Secretary of State Mike Pompeo said Wednesday, as aid groups there are forced to scale down operations due to Houthi interference and amid a spreading coronavirus outbreak. "This assistance...

Spain lawmakers extend state of emergency

Spain's parliament on Wednesday voted to extend the country's state of emergency, allowing stringent coronavirus lockdown measures to remain in place for at least two more weeks. The government imposed a nation-wide lockdown nearly eight weeks ago to curb the outbreak, which has killed more...