India's crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown imposed to stop the spread of the coronavirus stalled business activity, a private sector survey showed.
Profits earned by China’s industrial firms contracted in June after a brief gain the previous month, fueling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth.
Factory activity shrank in most Asian countries in June as the simmering US-China trade conflict put further strains on the region’s manufacturing sector, keeping policymakers under pressure to deploy stronger steps to avert a global recession.
Eurozone business activity picked up a touch this month but firms were at their least optimistic in nearly five years as they worried about slowing global growth and the impact of trade wars, a survey showed.
Head of the committee supervising Britain’s ruling Conservative Party is reportedly seeking Prime Minister Theresa May’s removal as head of the government in the next two months, a new report has revealed.
British Prime Minister Theresa May asked the European Union on Friday to delay Britain's departure from the bloc until June 30, with the extension ending earlier if parliament approves her Brexit deal.
Roughly one of every six migrants who set out in traffickers' unseaworthy boats from Libya perished at sea last month, UN refugee agency officials said on Friday. The period corresponds to crackdowns launched by Italy and Malta against private rescue boats operating in the area.
South Korea will take proactive measures to boost exports to maintain growth momentum amid rising protectionist policies by major trading partners and uncertainties in the global financial market, the government said on Tuesday.
A search by a US firm for missing Malaysia Airlines flight MH370 is expected to complete its survey by mid-June, the Southeast Asian nation said on Saturday, as families marked the fourth anniversary of one of aviation’s greatest mysteries.