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Divided EU leaders meet on virus recovery plan

Brussels, Belgium | AFP |  EU leaders are set to haggle on Thursday over a giant package to help their economies recover from the coronavirus pandemic, but bitter divisions mean little progress is expected. The situation facing the EU is dire: more than 110,000 confirmed COVID-19 deaths and an economy set …

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Virus will be with us for a long time: WHO

Genève, Switzerland | AFP | COVID-19 will stalk the planet for a long time to come, the World Health Organization said Wednesday, warning that most countries were still in the early stages of tackling the pandemic. WHO boss Tedros Adhanom Ghebreyesus said some countries that thought they had the new coronavirus …

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Oil rockets higher, boosting global equities

New York, United States | AFP | Beaten-down US oil prices rallied Wednesday following dramatic declines earlier this week, lifting global equities, even as American crude inventories surged closer to capacity levels. Futures for the benchmark West Texas Intermediate for June delivery jumped 19 percent to $13.78 a barrel in New …

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Fight climate change like coronavirus: UN

Geneva, Switzerland | AFP | The world should fight climate change with the same determination it is showing in the battle against the new coronavirus, the United Nations said on Wednesday. The UN’s World Meteorological Organization said it was time to flatten the curve on climate change as well, with its …

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World Bank warns remittance payments to plunge amid pandemic

Washington, United States | AFP | Developing countries are losing a key source of revenue as the coronavirus pandemic causes worldwide shutdowns, sharply reducing payments from workers living abroad, the World Bank said Wednesday. Remittances are expected to plunge by about 20 percent globally this year, the biggest decline in recent …

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