UK reports 1,009 new confirmed cases of COVID-19 - Reuters
LONDON (Reuters) - A total of 1,009 new cases of COVID-19 were confirmed in the United Kingdom
Economic clout makes China tougher challenge for U.S. than Soviet Union was - Pompeo - Reuters
PRAGUE (Reuters) - China’s global economic power makes the communist country in some ways a more difficult foe to counter than the Soviet Union during the Cold War, U.S. Secretary of State Mike Pompeo said on a visit to the Czech Republic on Wednesday.
Pompeo called on countries around Europe to rally against the Chinese Communist Party (CCP), which he said leverages its economic might to exert its influence around the world.
“What’s happening now isn’t Cold War 2.0,
Uber may be forced to shut down California ride services over new driver ruling - Reuters
(Reuters) - Uber Technologies Inc would be forced to shut down its ride-hailing operations in California if a court ruling that blocks it from classifying its drivers as independent contractors goes into effect, the company said in a court filing.
A California judge on Monday granted the state’s request for a preliminary injunction blocking Uber and rival Lyft Inc
EMERGING MARKETS-Latam FX muted with focus on U.S. stimulus, Brazil's real weakens - Reuters
* Do not expect Brazil real to recover until next year -analyst * Bovespa up after retail sales surge back to pre-crisislevels * Mexican central bank policy decision awaited on Thursday * Colombia peso slips as country tops 400,000 coronaviruscases By Shreyashi Sanyal Aug 12 (Reuters) - Most Latin American currencies traded intight ranges on Wednesday, as investors questioned thelikelihood of fresh stimulus in the United States, while theBrazilian real fell on growing doubts over its pace of recoverythis year
African e-commerce firm Jumia takes lockdown revenue hit - Reuters
LAGOS, Aug 12 (Reuters) - Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of online orders.
The company also said it would pay $5 million to settle class action lawsuits alleging misstatements and omissions related to its initial public offering.
Shares in the struggling firm were 27% lower by 1350 GMT at $11.82 per share
German institute says COVID-19 vaccine could be available in autumn - Reuters
Germany’s infectious disease body,
ADVISORY-German institute withdraws report saying COVID-19 vaccine could be available in autumn - reuters.com
(Germany’s infectious disease body, the Robert Koch Institute, on Wednesday retracted a report posted earlier on its website that said a first vaccine against the coronavirus could be available as early as autumn. The report also said it would be dangerous to trust that a vaccination from autumn 2020 can control the pandemic. An institute spokeswoman said the report was posted in error and was withdrawn.) STORY_NUMBER: L8N2FE536 STORY_DATE: 12/08/
Vaping linked to risk of COVID-19 in teens, young adults - Reuters
(Reuters) - Vaping may be associated with a five to seven times increased risk of COVID-19 among U.S. teenagers and young adults, a study published on Tuesday suggests.
Researchers at the Stanford University School of Medicine analyzed nationally representative survey data collected in May from 4,351 participants aged 13–24 years. The
Fed policymakers say economic growth will be muted until virus contained - Reuters
(Reuters) - The U.S. economic recovery will be gradual and slow until the coronavirus is under control, and Americans will have to learn to “live with” the virus for the next several months, three Federal Reserve policymakers said on Wednesday.
Exclusive: Venezuela wins grace period on China oil-for-loan deals, sources say - Reuters
CARACAS (Reuters) - Venezuela’s government has negotiated an agreement with Chinese banks for a grace period until the end of the year on some $19 billion in loans that are paid off with oil shipments, according to three sources in Caracas with knowledge of the situation.