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WHO warns virus may be here to stay as toll nears 300,000

The coronavirus may never go away and populations will have to learn to live with it just as they have HIV, the World Health Organization has warned, as the global death toll from the disease nears 300,000. There were also gloomy forecasts from the US Federal Reserve, which said prolonged...

WHO stresses need to find source of coronavirus

Pinning down the source of the coronavirus pandemic should help in working out how COVID-19 has "invaded the human species" so quickly, a senior WHO official told AFP. The outbreak has triggered a fierce diplomatic spat between China and the United States -- with the World Health...

Oil falls as fears of second coronavirus wave take hold

 Oil prices fell on Wednesday as potential OPEC+ plans to deepen supply cuts were overshadowed by demand concerns exacerbated by a possible second wave of coronavirus infections as countries ease lockdowns. Brent crude LCOc1 dropped 56 cents, or 1.9%, to $29.42 a barrel by 0855 GMT,...

U.K. Economy Plunges Into Recession

Chancellor of the Exchequer Rishi Sunak warned the U.K. is facing a significant recession after a report showed the economy shrank almost 6% in March. The sharp decline is only a small part of the damage of the coronavirus lockdown, which was in place for all of April and is set to endure...