China's economic recovery underwhelms as consumer comeback stays elusive - Reuters

BEIJING (Reuters) - China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory sector’s recovery struggled to pick up pace.

Asian markets pulled back on Friday following the disappointing set of economic indicators, which raised concerns about the fragility of China’s emergence from coronavirus.

China’s recovery had been gaining momentum after the pandemic paralysed huge swathes of the economy as


Japan dining chain Ootoya ties up with online grocer amid hostile bid - Reuters

TOKYO (Reuters) - Japanese restaurant chain Ootoya Holdings ( 2705.T ) announced a partnership with online grocery retailer Oisix Ra Daichi Inc ( 3182.T ) on Friday, aiming to fend off a hostile bid by its rival and largest shareholder, Colowide Co ( 7616.T ).

Ootoya, which operates a casual dining chain popular for its home-style cooking, has been under pressure to show investors that it has a better plan than the one by Colowide,


Malaysia's economy shrinks 17.1% in Q2, worst contraction in over 20 years - Reuters

KUALA LUMPUR, Aug 14 (Reuters) - Malaysia’s economy shrank by 17.1% in the second quarter from a year earlier, its worst contraction in over two decades, as strict coronavirus measures at home and abroad slammed consumer spending and exports, the central bank said on Friday.

The downturn was far worse than the 10.0% decline forecast in a Reuters poll, and a sharp fall from the 0.7% expansion in the first quarter.

It was the first time the


Biden campaign raises $48 million in 48 hours after naming Kamala Harris as VP choice - Reuters

(Reuters) - The campaign of Democratic presidential contender Joe Biden has raised $48 million in the 48 hours since he named U.S. Senator Kamala Harris the Democratic vice presidential nominee, a campaign spokesman told Reuters late on Thursday.

Biden, a former vice president himself, on Tuesday picked Harris as his choice for VP, making her the first Black woman on a major-party U.S. presidential ticket.

With social unrest over racial injustice rocking the country for months since the death in custody


'Inexcusable': Australian inquiry blasts officials over cruise ship that spread COVID - Reuters UK

SYDNEY/MELBOURNE (Reuters) - Health officials in Australia’s most populous state made “unjustifiable” and “inexcusable” mistakes which allowed cruise ship passengers with COVID-19 to disembark in central Sydney, an inquiry said on Friday.

FILE PHOTO: A fishing boat sails past the Princess Cruises' Ruby Princess cruise ship as it docks in Manila Bay during the spread of the coronavirus disease (COVID-19), in Cavite city, Philippines, May 7, 2020. REUTERS/Eloisa

Dollar finds support as coronavirus, China data sap confidence - Reuters UK

NEW YORK (Reuters) - The dollar dropped on Friday, falling for eight straight weeks, as investors looked to other currencies whose economies are currently outperforming that of the United States in terms of managing the coronavirus pandemic.

FILE PHOTO: A packet of former U.S. President Abraham Lincoln five-dollar bill currency is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron

The delay in the passage of additional U.S. stimulus for virus relief


Oil slips below $45 on demand doubts, rising supply - Reuters UK

NEW YORK (Reuters) - Oil prices edged lower on Friday on worries that demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories.

FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Angus Mordant

This week, two prominent


Peru surpasses 500,000 coronavirus cases, marks highest fatality rate in LatAm - Reuters

LIMA (Reuters) - Peru surpassed half a million coronavirus cases and has the highest fatality rate in Latin America, according to health ministry data on Thursday, as the government struggles to contain a recent surge of infections.

There have been 507,996 confirmed cases and 25,648 related deaths, vice health minister Luis Suarez said at a news conference.

The Andean country has the highest coronavirus death rate in Latin America at 78.6 per 100,000


Hundreds of migrants cross Channel in dinghies to England | Pictures - Reuters

Hundreds of migrants cross Channel in dinghies to England | Pictures Reuters

Japanese shipping company says Mauritius government has requested compensation - Reuters India

TOKYO (Reuters) - The Japanese shipping company that owns the bulk carrier that struck a coral reef off of Mauritius and leaked some 1,000 tonnes of oil said the government of Mauritius had requested compensation.

Nagashiki Shipping also said in a statement that the cause of the incident was still not known and would be fully investigated.

Reporting by Sakura Murakami; Writing by David Dolan