Bloomberg Thailand is set to extend its state of emergency for a third time to help manage the reopening of schools as well as high-risk businesses, such as nightclubs, following a decline in novel coronavirus infections. The National Security Council will recommend an extension to the end of July, its Secretary-General Somsak Rungsita told reporters on Thursday in Bangkok. The ...

Bloomberg Plans to revive negotiations between two longtime Balkan foes hurtled off the rails before the next round of talks could even start. Faint hopes for a breakthrough between Serbia and Kosovo — and the chances of a diplomatic win for the US — evaporated when the Kosovo’s leader was accused of war crimes and crimes against humanity as he ...

Bloomberg The International Monetary Fund (IMF) downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago. The fund said it now expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April. For 2021, the fund sees growth of 5.4%, down ...