European stocks rally after U.S.-China dispute doesn't escalate
European stocks rallied on Monday, with the U.K.
up 1.5% and the France CAC 40 PX1, +0.68% up 1.6%, gaining ground in the first opportunity for traders in Europe to react to President Donald Trump's Friday news conference on China, in which he took no new steps to punish the world's second-largest economy over its new national security law for Hong Kong. The de-escalation helped stocks resume their upward path as economies reopen that has pushed the Stoxx Europe 600 SXXP, +0.44% up over 9% over the last two months. The euro EURUSD, +0.
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Trump Blames China For Acting Too Late In Coordinating U.S. Coronavirus ResponseWASHINGTON—Lambasting the rival superpower for what he called “reckless” and “irresponsible” behavior, President Donald Trump publicly blamed China Monday for acting too late in coordinating the U.S. Covid-19 response. “China knew our nation was facing a deadly threat as early as January, and yet they did nothing to develop a plan we could use to slow the spread of the virus,” said Trump, noting thousands of American lives could have been saved if Chinese president Xi Jinping had only taken the threat seriously from the start and implemented a strategy to reduce the negative impact on the U.S. economy. “The Chinese government just kept waiting and waiting, sitting on their hands as the outbreak spread through the U.S. rather than leading our nation in the way it so desperately needed. States shouldn’t be left out to dry, putting together piecemeal pandemic responses. What else is a strong Communist Party for? And now they’re trying to cover it up, claiming the U.S. isn’t their responsibility.” At press time, Trump added the administration had obtained new intelligence suggesting the Chinese government had engineered coronavirus in a lab in Washington.
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US, China relationship pushed to brink by Trump, Xi, coronavirus - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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Anti-Trump Republican group attacks Trump on race in new adThe anti-Trump Republican group, The Lincoln Project, is planning to air a new attack ad blasting President Donald Trump's record on race relations in the US.
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Trump Has Already Put Himself in No Position to Help Hong KongEven if he wants to, the president has neither the leverage, the diplomatic skill, nor the credibility to stand up to China over its new power grab.
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Coronavirus live updates: Trump says U.S. will end support for WHO, as death toll nears 103,000Here are the latest coronavirus updates from around the world.
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Protests over George Floyd escalate near White House, around DC as Trump warns against 'mob violence'Some protestors threw bottles at Secret Service agents and police near the White House. Officers responded by firing tear gas to break up the crowds.
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