Bloomberg President Donald Trump said the US will terminate its relationship with the World Health Organization (WHO), which he has accused of being too deferential to China and of failing to provide accurate information about the spread of the coronavirus. “We have detailed reforms that they must make and engage with them directly, but they have refused to act,” Trump ...

Bloomberg Joe Biden denounced the unjust treatment of African Americans and called on Americans to take an active role in combating racism, as he assailed President Donald Trump’s leadership after a black man was killed in police custody in Minnesota. Biden, the presumptive Democratic nominee, delivered brief remarks in a speech streamed live on his website, as he sought to ...

Bloomberg Newly declassified transcripts confirm that Michael Flynn, who became President Donald Trump’s first national security adviser, discussed US sanctions with Russia’s Ambassador Sergey Kislyak before Trump’s inauguration. The transcripts from late 2016 and early 2017 that were released by Republican senators show Flynn urged Kislyak to keep the temperature down between the two countries and to limit Russia’s response ...

Bloomberg Italy’s health minister confirmed the country can go ahead with the plan to start allowing travel across the nation next week, even as some local governors oppose letting people from the hard-hit Lombardy region move freely. Data on the spread of the virus is improving and allows for the reopening among regions, Health Minister Roberto Speranza told newswire Ansa. ...

Bloomberg President Donald Trump’s long-touted response to China for its crackdown on Hong Kong included a barrage of criticism but stopped short of fully escalating tensions between the two nations. While the US president’s speech was heated in rhetoric, it lacked specifics around measures that would directly impact Beijing. He announced the US would begin the process of stripping some ...

Bloomberg Canada cut the projected cost of its wage subsidy program while boosting the price tag for direct support to individuals, suggesting a slow return to work in the wake of Covid-19. The federal government’s wage subsidy program, meant to be its flagship measure to buffer the economy from the pandemic, will cost C$45 billion ($33 billion), 38% less than ...

Bloomberg The European Union (EU) said its trade with the rest of the world would slump this year by as much as 868 billion euros ($963 billion), or more than 10%, in a gloomier updated forecast that offers fresh evidence of the global economic damage caused by the coronavirus. EU exports of goods and services will fall by 282 billion ...

Bloomberg Portugal will delay the planned reopening of malls in the Lisbon region after recording new clusters of the coronavirus outbreak. Malls in the area will remain closed until June 4, Prime Minister Antonio Costa said at a press conference. Portugal reported the biggest daily increase in coronavirus cases in three weeks due to new infections in the region. The ...

Bloomberg Argentina and its key bondholders are getting closer to a $65 billion debt restructuring deal after the country defaulted on its overseas debt for the ninth time in its history. While still at odds over several key issues, the latest changes in the proposals by the government and two groups of creditors published signal the difference between both sides ...

Bloomberg The International Monetary Fund (IMF) approved an $11 billion credit line for Peru as the South American nation’s economy endures a slump that may be the deepest in more than a century. The two-year flexible credit line is a precautionary measure that should boost market confidence and provide insurance against downside risks, the fund said. Peru becomes the third ...