By Gwynne Dyer – It's hard being born Canadian if your ambition is to be a real-life version of movie tough guy Jean-Claude Van Damme (Blood Sport, Death Warrant, Universal Soldier, Last Action Hero). The same goes for being Belgian, of course, but Van Damme just wanted to be in the movies.
The business shutdowns caused by the coronavirus pandemic could “easily” cause the US economy to collapse by 20 to 30% this quarter, Federal Reserve Chair Jerome Powell said on Sunday. Data show more than 30 million jobs were destroyed in the world's top economy, as businesses were shuttered nationwide amid the efforts to stop the spread of COVID-19.
At the first meeting of the World Health Organization's (WHO) governing body since Covid-19 stormed the globe, China is set to be challenged on two of its most sensitive issues: The Communist Party's initial handling of the virus and the status of Taiwan's participation.
US President Donald Trump's administration is set to restore partial funding to the World Health Organization (WHO), Fox News reported late on Friday, citing a draft letter.
J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.
China on Friday issued a statement calling on all UN member states to actively fulfill their financial obligations to the United Nations, stressing that Washington owes the organization more than US$2 billion.
Uruguay on Thursday turned over to the United States a Mexican man wanted on drug and money laundering charges. Gerardo Gonzalez Valencia is the brother of Abigael González, the former head of the Sinaloa cartel faction known as “Los Cuinis” (The Squirrels). Gonzalez Valencia is also the brother-in-law of Jalisco cartel drug lord Nemesio “El Mencho” Oseguera Cervantes.
President Donald Trump signaled a further deterioration of his relationship with China over the novel coronavirus, saying he has no interest in speaking to President Xi Jinping right now and going so far as to suggest he could even cut ties with the world’s second-largest economy.
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official said were modified following months of discussions with industry.
President Donald Trump is mobilizing the U.S. military to distribute a novel coronavirus vaccine when one becomes available and will focus first on older Americans.