Stories for July 2020

Thursday, July 16th 2020 - 06:29 UTC
China warns UK for banning Huawei from the 5G network, calls Britain 'a vassal of United States'

China warned British Prime Minister Boris Johnson on Wednesday that his decision to ban Huawei from the 5G network would cost Britain dearly in investment, casting the move as the result of politicized pressure from U.S. President Donald Trump.
Thursday, July 16th 2020 - 06:23 UTC
Apple scores major win: European court rejects order for iPhone maker to pay 13bn Euros in Irish back taxes

Apple scored a major win on Wednesday as Europe's second-highest court rejected an EU order for the iPhone maker to pay 13 billion euros (US$15 billion) in Irish back taxes, dealing a blow to the bloc's attempts to crack down on sweetheart tax deals.
Thursday, July 16th 2020 - 06:19 UTC
The eight candidates for the WTO chair begin round of presentations

The eight candidates battling to become the next head of the beleaguered World Trade Organization make their pitches this week, with three days of auditions. The contenders will make 15-minute presentations to the 164 member states' representatives at the WTO headquarters in Geneva, before facing a 75-minute grilling over their plans for the global trade body.
Wednesday, July 15th 2020 - 09:46 UTC
Venezuela's justice system “undermined”, fuelling impunity and human rights violations, US report

The independence of Venezuela's justice system has been “considerably undermined”, fuelling impunity and human rights violations, the UN rights chief charged on Tuesday in a report.
Wednesday, July 15th 2020 - 08:57 UTC
US consumer prices rebounded 0,6% in June; gasoline climbed 12,3% after sliding the previous five months

US consumer prices rebounded by the most in nearly eight years in June, but a resurgence in new COVID-19 cases after the reopening of businesses suggests moderation in demand that could keep inflation muted and allow the Federal Reserve to keep injecting money into the ailing economy.
Wednesday, July 15th 2020 - 08:56 UTC
Ecuador's US$ 17,4bn debt restructuring plan faces divided bondholders

Ecuador’s government will likely have to sweeten its offer to creditors in order to reach an agreement to restructure US$ 17.4 billion in bonds, say analysts. The government’s proposal already has the backing of one group of creditors, holding around half of the bonds and including AllianceBernstein, Ashmore and BlackRock.
Wednesday, July 15th 2020 - 08:55 UTC
Exxon resumes drilling in Guyana; local politics battle over the future oil revenue

Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics.
Wednesday, July 15th 2020 - 08:52 UTC
Canadian investors question Mexican government energy policy, which privileges the state's role

As Mexico celebrated a new trade deal with the United States and Canada on July 1, a group of Canadian energy investors warned their government that Mexico could already be violating the agreement for failing to respect contracts.
Wednesday, July 15th 2020 - 08:49 UTC
Ushuaia mystery: 57 sailors from fishing vessel infected with the virus after spending 35 days at sea

Argentina is trying to solve a medical mystery after 57 sailors were infected with COVID-19 after 35 days at sea, despite the entire crew testing negative before leaving port. The Echizen Maru fishing trawler returned to port after some of its crew members began exhibiting symptoms typical of Covid-19, the health ministry from Tierra del Fuego province said on Monday.
Wednesday, July 15th 2020 - 08:44 UTC
Most of US wore face coverings following recommendations from the CDC

Most Americans wore cloth face-coverings after the government recommended their use in April, the US Centers for Disease Control and Prevention (CDC) said in a publication released on Tuesday. CDC researchers analyzed data from more than 800 adults in two internet surveys in April and May who reported going outdoors in the past week.