China has questions to answer over the information it shared about the novel coronavirus outbreak but a post mortem over its role should come later, Britain’s defence minister said on Monday. ( read original story…
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Markets fall back as US-China tensions rise over Covid-19 – business live
Rolling coverage of the latest economic and financial news, as investors worry about new trade war between Washington and Beijing … ( read original story …)
Trump says China made a ‘mistake’ and tried to cover up coronavirus outbreak
President Donald Trump said Sunday that he believed that a “mistake” in China was the cause of the spreading coronavirus pandemic, though he did not present any evidence for the claim. ( read original story…
Coal Loses Backing From Another Big Bank
Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking Corp. said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group Ltd. as ……
Pandemic slams Asia’s factories, activity hits financial-crisis lows
Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global … ( read original story …)
China Coronavirus Cover Up: Beijing ‘Intentionally Concealed Severity’ Of COVID-19, US Intel Reveals
U.S. intel report claims the Chinese government “intentionally concealed the severity” of the pandemic China reportedly hoarded medical supplies before informing WHO of the contagion China’s imports … ( read original story …)
United States dollar dominance on shaky waters as China’s digital Yuan takes shape
The Yuan is reported to have opened for trials in at least for cities in China including Shenzhen, Suzhou, and Chengdu. Despite the COVID-19 pandemic China has not altered nor interrupted the … ( read…
US intelligence believes China hid the severity of the novel coronavirus in January to hoard medical supplies
The Associated Press obtained a DHS report that says China hid the extent of the outbreak while increasing imports of face masks and surgical gloves. ( read original story …)
Trump administration pushing to rip global supply chains from China -officials
“This moment is a perfect storm; the pandemic has crystallized all the worries that people have had about doing business with China,” said another senior U.S. official. Story continues “All the money … ( read…
Oil and Asia stocks drop as US-China tensions flare again
Oil benchmarks also got off to a poor start for the week, hit by persisting worries about oversupply and inadequate storage. West Texas Intermediate, the US marker, fell 7.6 per cent to $18.27 in ……
Goldman Sachs outlines ‘useful lessons’ from China’s reopening following the coronavirus outbreak
China was the first country to be affected by the coronavirus disease — and it appeared to be among the first to contain the outbreak, as far as official data showed. ( read original story…
Markets drop in Asia on rising China-US tensions over virus
Shares skidded in Asia on Monday as investors eyed rising tensions between the Trump administration and China over the origins and handling of the coronavirus pandemic. ( read original story …)
U.S. Intelligence Officials Believe China Covered Up Severity of Coronavirus Outbreak to Stock Up on Medical Supplies
President Donald Trump’s political opponents have accused him of lashing out at China, a geopolitical foe but critical U.S. trade partner, in an attempt to deflect criticism at home. Not classified … ( read original…
