China exports rebound in April but more weakness ahead

China exports rebound in April but more weakness ahead

BEIJING (AP) — China’s exports rebounded in April to rise 3.5% over a year earlier, but forecasters warned that strength is unlikely to last as the coronavirus pandemic depresses global consumer demand. Exports to the United States rose 2.2%, while imports of American...
Ship tied to Australia virus deaths sails into Manila Bay

Ship tied to Australia virus deaths sails into Manila Bay

CAVITE, Philippines (AP) — A cruise ship being investigated in Australia for sparking coronavirus infections anchored in Manila Bay on Thursday to bring Filipino crew members home.The Ruby Princess joins at least 16 other cruise ships at anchor waiting for their more...
Chemical leak at LG plant in India kills 11, about 1,000 ill

Chemical leak at LG plant in India kills 11, about 1,000 ill

HYDERABAD, India (AP) — A gas leak at a chemical factory owned by a South Korean company in southern India early Thursday left at least 11 people dead and about 1,000 struggling to breathe.The chemical styrene, used to make plastic and rubber, leaked from the LG...
UK economy forecast to shrink by most since 1706

UK economy forecast to shrink by most since 1706

LONDON (AP) — The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction since the Spanish War of Succession a little over three centuries ago as a result of the coronavirus pandemic, before roaring back next year.In what...
April jobs data to show epic losses and soaring unemployment

April jobs data to show epic losses and soaring unemployment

WASHINGTON (AP) — The economic catastrophe caused by the viral outbreak likely sent the U.S. unemployment rate in April to its highest level since the Great Depression and caused a record-shattering loss of jobs.With the economy paralyzed by business closures, the...
Germany relaxes more virus rules, but with fallback clause

Germany relaxes more virus rules, but with fallback clause

BERLIN (AP) — German officials on Wednesday cleared the way for restaurants, hotels and remaining stores to reopen in the coming weeks, and for the country’s soccer league to resume play. They also put in place a requirement for regions to reimpose restrictions...