A senior U.S. Federal Reserve official has warned that the U.S. economy is showing signs of "levelling off" amid a resurgence in COVID-19 cases across southern and western states.
The European economy will face a "deeper recession" than previously predicted due to the prolonged containment measures on the COVID-19 pandemic, the European Commission said in its "Summer 2020 Economic Forecast" on Tuesday.
The first direct container train, which left the central Chinese city of Wuhan on June 16, arrived in Kiev Monday, opening up new opportunities for China-Ukraine cooperation, said Ukrainian officials.
South Korea's current account balance posted a surplus in May after logging a deficit in the previous month on the back of an economic fallout from the COVID-19 outbreak, central bank data showed on Tuesday.
The trading of options for three major chemicals, namely polypropylene (PP), polyvinyl chloride (PVC) and linear low-density polyethylene (LLDPE), were launched Monday at the Dalian Commodity Exchange in northeast China's Liaoning Province.
Chinese technology firm Huawei said Sunday that it remains "open to discussions" with the British government and is working closely with its customers to find ways of managing the proposed U.S. restrictions so Britain can maintain its current lead in 5G.
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