New York, US | XINHUA | Wall Street’s major averages posted mixed results during the past week as investors digested a slew of earnings reports while weighing the impact of surging coronavirus infections. For the week ending Friday, the Dow gained 2.3 percent, the S&P 500 rose 1.3 percent, and …
Read More »World Bank chief urges G20 to extend debt suspension through 2021
Kampala, Uganda | XINHUA | World Bank Group President David Malpass on Saturday urged the Group of 20 (G20) countries to extend the time frame of the Debt Service Suspension Initiative through the end of 2021, calling it one of the key factors in strengthening global recovery. “I urge you …
Read More »EU summit extends into Sunday as leaders split over key recovery plan
Kampala, Uganda | XINHUA | A special summit grouping heads of state and government of the European Union (EU) member states on Saturday failed to reach consensus on its multiannual budget and an ambitious recovery plan designed to lift the bloc out of the crisis triggered by the coronavirus pandemic. …
Read More »Trump rejects national mask mandate, denies mask’s effectiveness in fighting COVID-19
Washington, US | XINHUA | U.S. President Donald Trump said Friday he won’t issue an order at the national level mandating the use of masks, even as the United States continued to break its single-day coronavirus case record amid a pandemic far from being contained, and whether to wear masks …
Read More »Five years after nukes deal, U.S. Iran policy at crossroads
Washington, US | XINHUA | This week marked five years since the signing of the Iran nuclear deal. Now, in the lead-up to November’s U.S. presidential elections, Washington’s Iran policy is at a crossroads. If U.S. President Donald Trump is re-elected, U.S. policy is likely to continue in the same …
Read More »Fans might return to stadiums in England in October
London, UK | XINHUA | Fans could return to stadiums in England in October if pilot events go well, announced the British government on Friday. All mass gatherings have been suspended here since March due to the COVID-19 pandemic before snooker, football, cricket and a few elite sport events resumed …
Read More »EU deeply concerned over U.S. growing use of sanctions
Kampala, Uganda | XINHUA | High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrell said on Friday he was deeply concerned over the growing use of sanctions, or the threat of sanctions, by the United States against European companies and interests. “We have witnessed …
Read More »COVID-19 threatens to exacerbate conflict, humanitarian crises: WHO chief
Kampala, Uganda | XINHUA | COVID-19 threatens to exacerbate many issues the world is facing, such as years of conflict and other humanitarian crises, the chief of the World Health Organization (WHO) warned on Friday, while calling for continuity of essential health services. Although COVID-19 has rightly captured the world’s …
Read More »EU says deeply concerned over U.S. growing use of sanctions
Kampala, Uganda | XINHUA | High Representative of the European Union (EU) for Foreign Affairs and Security Policy Josep Borrell said on Friday he was deeply concerned over the growing use of sanctions, or the threat of sanctions, by the United States against European companies and interests. “We have witnessed this …
Read More »UN chief calls for renewed multilateralism beyond COVID-19
Kampala, Uganda | XINHUA | UN Secretary-General Antonio Guterres on Friday called for a strengthened and renewed multilateralism as the world is striving to respond and recover from COVID-19. “As we strive to respond and recover, we must re-examine many longstanding assumptions and reconsider the approaches that have led us …
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