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POPULAR NEWS
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The international benchmark Brent contract rose 1.3% to $42.58. The U.S. has recorded around a quarter of the almost 11 million cases worldwide, according to data from Johns Hopkins University, and the number is growing rapidly. The U.S....

Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against...

Hong Kong Stocks End Week on Strong Note (Review)

Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a better-than-expected reading on US jobs creation. The Hang Seng Index jumped 0.99 percent, or 248.93 points, to 25,373.12. The benchmark Shanghai Composite Index rose 2.01 percent, or 62.24 points, to 3,152.81 while the Shenzhen Composite Index on China's second exchange rallied 1.28 percent, or 25.84 points, to 2,041.89. Source : AFP

Colombia Arrests 8 More Suspects in Police Academy Car Bombing

Colombia has captured eight leftist rebels accused of killing at least 22 people in a bombing attack on a police academy. The National Liberation Army (ELN) claimed responsibility for the January 2019 car bombing in the capital Bogota. The rebel group claimed the attack was in retaliation for President Ivan Dugue™s refusal to respect a unilateral cease-fire declared by the leftist group in 2018. Duque on Thursday praised police and prosecutors for arresting those behind the terrorist...

European markets close lower as virus concerns quell optimism over upbeat data

European stocks closed lower on Friday as concern over a spike in U.S. coronavirus infections tempered the optimism arising from upbeat economic data out of the U.S., China and the euro zone. The pan-European Stoxx 600 provisionally closed down around 0.9%, with basic resources falling 1.7% to lead losses while travel and leisure shares bucked the downward trend with a 0.1% rise. European markets failed to capture the overnight momentum from Asia Pacific, where stocks advanced after a survey...

Coronavirus Deaths Top 350,000 Worldwide
Wednesday, 27 May 2020 23:32 WIB | GLOBAL |Global

The worldwide death toll from the COVID-19 pandemic has surpassed 350,000.

The milestone comes as South Korea announced Wednesday its highest number of new cases in 49 days. Authorities are focusing on testing workers from e-commerce giant Coupang after dozens of cases were linked to a company site outside of Seoul.

South Korea™s Centers for Disease Control and Prevention said all but four of its 40 new cases were in the Seoul area. The country was an early hotspot for the coronavirus outbreak, but now barely ranks in the top-50 in terms of confirmed infections, according to statistics compiled by the Baltimore-based Johns Hopkins University.

œWe will do our best to trace contacts and implement preventive measures, but there™s a limit to such efforts," KCDC head Jeong Eun-kyeong said. "There™s a need to maximize social distancing in areas where the virus is circulating, to force people to avoid public facilities and other crowded spaces. 

The worldwide death toll from the COVID-19 pandemic has surpassed 350,000.

The milestone comes as South Korea announced Wednesday its highest number of new cases in 49 days. Authorities are focusing on testing workers from e-commerce giant Coupang after dozens of cases were linked to a company site outside of Seoul.

South Korea™s Centers for Disease Control and Prevention said all but four of its 40 new cases were in the Seoul area. The country was an early hotspot for the coronavirus outbreak, but now barely ranks in the top-50 in terms of confirmed infections, according to statistics compiled by the Baltimore-based Johns Hopkins University.

œWe will do our best to trace contacts and implement preventive measures, but there™s a limit to such efforts," KCDC head Jeong Eun-kyeong said. "There™s a need to maximize social distancing in areas where the virus is circulating, to force people to avoid public facilities and other crowded spaces. 

Brazil has emerged as a major source of concern, trailing only the United States in the number of infections. On Tuesday it reported the most single day deaths in the world, with 1,039, its fifth consecutive day atop the grim list.

India posted its record high of 6,000 new cases reported Wednesday, pushing its total above 150,000.

Mexico also reported troubling escalations in its coronavirus outbreak, with a new high of 501 deaths and 3,455 new confirmed cases.

Like many governments around the world, Mexico is weighing continuing stay-at-home and social distancing orders against the desire to resume economic activity.  

President Andrés Manuel López Obrador told reporters his advisers were discussing possible reopening steps and could announce as early as this week plans to send kids back to school.  He also said he plans to tour different states and hold talks with local officials on easing restrictions.

In the neighboring United States, governors continue to pull back on their lockdown orders, including in Nevada, where Governor Steve Sisolak announced casinos in Las Vegas can reopen June 4 after the key industry was shut down for 10 weeks.

œWe welcome the visitors from across the country to come here, to have a good time, no different than they did previously, but we're gonna be cautious," Sisolak said.

New Zealand reported a new milestone in its coronavirus recovery, saying Wednesday there were no more COVID-19 patients in the country™s hospitals. Health officials said there were only 21 active cases in New Zealand, which put in place a strict five-week lockdown before slowly easing the measures in late April.

New Zealand and Australia are working on plans to amend their travel bans to allow people to move between the two countries, and Prime Minister Jacinda Ardern said a draft should be ready by early next month.

And in Spain, a 10-day mourning period began Wednesday to honor the more than 27,000 people in the country who have died from COVID-19.

Source: VOA news

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POPULAR NEWS
Crude Oil Lower; OPEC Disputes and Virus Cases Weigh

Oil markets slipped Friday as the resurgence of Covid-19 cases, particularly in the U.S., the largest consumer in the world, threatened the recovery of crude demand. At 7:30 AM ET (11:30 GMT), U.S. crude futures traded 1.2% lower at $40.15 a barrel. The international benchmark Brent contract rose 1.3% to $42.58. The U.S. has recorded around a quarter of the almost 11 million cases worldwide, according to data from Johns Hopkins University, and the number is growing rapidly. The U.S....

Dollar Rises as Risk Appetite Tempered by Rising COVID-19 Cases in U.S.

The dollar edged up on Friday but was set for its biggest weekly fall since the start of June, as a sentiment boost from better-than-expected jobs data in the United States was tempered by surging coronavirus cases. The U.S. Labor Department said on Thursday that payrolls surged in June but the reaction in currencies was limited. Even after two months of job recovery from May, the U.S. economy has regained just over a third of an historic plunge of 20.787 million jobs lost in April. Against...

Hong Kong Stocks End Week on Strong Note (Review)

Hong Kong shares ended higher Friday, extending the previous day's near-three percent gains, as global markets were boosted by a better-than-expected reading on US jobs creation. The Hang Seng Index jumped 0.99 percent, or 248.93 points, to 25,373.12. The benchmark Shanghai Composite Index rose 2.01 percent, or 62.24 points, to 3,152.81 while the Shenzhen Composite Index on China's second exchange rallied 1.28 percent, or 25.84 points, to 2,041.89. Source : AFP

Colombia Arrests 8 More Suspects in Police Academy Car Bombing

Colombia has captured eight leftist rebels accused of killing at least 22 people in a bombing attack on a police academy. The National Liberation Army (ELN) claimed responsibility for the January 2019 car bombing in the capital Bogota. The rebel group claimed the attack was in retaliation for President Ivan Dugue™s refusal to respect a unilateral cease-fire declared by the leftist group in 2018. Duque on Thursday praised police and prosecutors for arresting those behind the terrorist...

European markets close lower as virus concerns quell optimism over upbeat data

European stocks closed lower on Friday as concern over a spike in U.S. coronavirus infections tempered the optimism arising from upbeat economic data out of the U.S., China and the euro zone. The pan-European Stoxx 600 provisionally closed down around 0.9%, with basic resources falling 1.7% to lead losses while travel and leisure shares bucked the downward trend with a 0.1% rise. European markets failed to capture the overnight momentum from Asia Pacific, where stocks advanced after a survey...

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