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Trump threatens China ties, says in no mood for Xi talks

 U.S. President Donald Trump further hardened his rhetoric towards China Thursday, saying he no longer wishes to speak with Xi Jinping and warning darkly he might cut ties over the rival superpower's handling of the coronavirus pandemic. Tensions have ratcheted up between Washington...

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...