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Government set for climbdown after US bans on Chinese telecoms group and growing resistance from backbenchers The National Cyber Security Agency in the UK is expected to conclude that US sanctions against Huawei will make it impossible to use the Chinese company’s technology as planned for 5G networks. The emergency review, announced on Sunday, is […] More
America begins to unlock for summer – but is it inviting a disastrous second wave? Covid-19 deaths are still rising, but there are signs of quarantine fatigue – and experts warn relaxing the rules too soon could have devastating consequences Coronavirus – live US updates Live global updates Folly Beach in South Carolina last weekend. […] More
Economists like to think of the wreckage caused by stock market downturns, widespread bankruptcies and corporate downsizing as “creative destruction.” As it destroys the old and the dysfunctional, the capitalist system continually spurs innovation, much as a forest fire prepares the ground for new growth. Or so the representatives of the dismal science argue. Donald […] More
The US economy risks “permanent damage” if coronavirus lockdowns continue for months, the treasury secretary, Steven Mnuchin, has warned Congress. Mnuchin’s comments came in a joint appearance before the Senate banking committee with Jerome Powell, the chairman of the Federal Reserve. Appearing via video link, the pair offered a stark assessment of the fragile state […] More
Recent review finds at least $113m in taxpayer-backed loans meant for small businesses have gone to fossil fuel industry Coronavirus – latest US updates Coronavirus – latest global updates ‘The outlook for US shale companies bad before before the pandemic and the recent steep decline in oil demand that forced oil prices negative.’ Photograph: Paul […] More
Professor argues US president is stabbing citizens in back while pretending to be saviour Coronavirus – latest updates See all our coronavirus coverage Donald Trump has frozen payments to the World Health Organization amid the coronavirus crisis. Photograph: White House/Zuma Wire/Rex/Shutterstock Donald Trump is culpable in the deaths of thousands of Americans by using the […] More
Under Trump, American exceptionalism means poverty, misery and death Robert Reich No other advanced nation denies healthcare and work protections, or loosens lockdown while fatalities mount Donald Trump listens during a meeting with Republican members of Congress on Friday. Photograph: Tom Brenner/Reuters No other nation has endured as much death from Covid-19 nor nearly as […] More
Four causes for alarm in the US jobs figures – and one possible reason for hope More than 20m Americans lost their jobs in April – and Friday’s report suggests there might be much more trouble ahead Jobs figures: April worst month since Great Depression A closed thrift shop in downtown Hialeah in Florida. The […] More
