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Stocks rally, S&P 500 crosses 3,000 barrier; oil gains

Global equity and crude oil markets rose on Tuesday as investors focused on China's promise of more stimulus and prospects of a world economic recovery, allowing them to push aside concerns that U.S.-China rhetoric could threaten a trade deal between the world's two largest economies.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Afghanistan begins freeing 900 Taliban prisoners, urges truce extension

The Afghan government said it was in the process of freeing 900 Taliban members from prison on Tuesday, the biggest such release yet, and urged the insurgent group to extend a three-day ceasefire set to end at midnight.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Hong Kong police issue warning amid calls for new demonstrations

Hong Kong police issued a warning late on Tuesday that they would not tolerate disruptions to public order, after activists circulated calls online for fresh demonstrations on Wednesday.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
White House says Trump displeased with China over Hong Kong moves

U.S. President Donald Trump is displeased with China over Beijing's effort to impose a new security law on Hong Kong after last year's pro-democracy unrest, White House spokeswoman Kayleigh McEnany said on Tuesday.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Three U.S. states offer to host Republican convention if Trump pulls it from North Carolina

Republicans in Georgia, Texas and Florida are offering to host the party's national convention if President Donald Trump makes good on his threat to move the event from North Carolina over social distancing restrictions due to the coronavirus.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Three Republican groups sue California governor over mail-in-vote order

The Republican National Committee (RNC) and two other Republican groups on Sunday filed a lawsuit against California Governor Gavin Newsom over his executive orders to use mail-in ballots for the November election.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
U.S. Supreme Court declines to block at-risk prisoner transfer plan

The U.S. Supreme Court on Tuesday declined to block a judge's ruling that requires the U.S. government to evaluate moving up to 837 potentially at-risk prisoners out of a federal prison in Ohio due to concerns about the health risks of the coronavirus.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
S&P 500 clears 3,000 barrier on economic recovery and vaccine hopes

U.S. stocks jumped on Tuesday, propelling the S&P 500 past the key psychological level of 3,000 points as optimism about developing coronavirus vaccines and the revival of business activity helped investors overlook simmering China-U.S. tensions.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Twitter says it is not removing Trump tweets on deceased Scarborough staff member

Twitter Inc said on Tuesday it would take no action at this time on tweets from U.S. President Donald Trump about the 2001 death of a former congressional staff member for Joe Scarborough, after her widower asked the company to remove them for furthering false claims.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
New Jersey used car dealer charged with price gouging New York City on N95 masks

A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York City into buying N95 respirator masks he was not authorized to sell, in a roughly $45 million scheme.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
In morgues and shipping containers, Ecuadorians search for lost dead

Dolores Centeno has scoured the morgues and cemeteries of Guayaquil, Ecuador's largest city, for two months searching for her father's body.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Riot police reinforce Hong Kong legislature overnight as protests expected

Hundreds of riot police took up posts around Hong Kong's legislature overnight, as protests were expected on Wednesday over a bill criminalising disrespect of China's national anthem and against plans by Beijing to impose national security laws.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Virginia nurse lives on boat while helping New York battle the pandemic

By night, nurse Rachel Hartley is on the front line of the war against the coronavirus. By day, she rests on the sailboat that brought her from Virginia, wondering how she will explain it all to her children someday.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
WHO expects hydroxychloroquine safety findings by mid-June

The World Health Organization (WHO) on Tuesday promised a swift review of data on hydroxychloroquine, probably by mid-June, after safety concerns prompted the group to suspend the malaria drug's use in a large trial on COVID-19 patients.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Pentagon's deputy inspector general resigns

The Defense Department's deputy inspector general resigned on Tuesday, more than a month after President Donald Trump removed him as the Pentagon's acting inspector general, who was to also oversee the U.S. government $2.3 trillion coronavirus response.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Musk's SpaceX set for debut astronaut mission, renewing NASA's crewed launch program

Entrepreneur Elon Musk's SpaceX is set to launch two American astronauts to the International Space Station on Wednesday from NASA's Kennedy Space Center in Florida, ending the U.S. space agency's nine-year hiatus in human spaceflight.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Elon Musk's SpaceX raises $346 million ahead of debut astronaut mission

Elon Musk's SpaceX said on Tuesday that it raised $346.2 million in a new round of funding, a day before it launches two American astronauts to the International Space Station.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
New York's Cuomo to meet Trump, push infrastructure spending

New York Governor Andrew Cuomo said he will travel to Washington to meet with President Donald Trump on Wednesday and planned to discuss major investments in infrastructure as a way to jumpstart a U.S. economy devastated by the coronavirus pandemic.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
UK COVID-19 death toll tops 47,000 as pressure heaps on PM Johnson

The United Kingdom's COVID-19 death toll surpassed 47,000 on Tuesday, a dire human cost that could define the premiership of Boris Johnson.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT
Merck to buy Austrian vaccine maker as it jumps into COVID-19 race

Merck & Co Inc , which has largely kept to the sidelines of the race for COVID-19 treatments, said it was buying Austrian vaccine maker Themis Bioscience and would collaborate with research nonprofit IAVI to develop two separate vaccines.

[Read More] Posted: Wed, 27 May 2020 3:19:20 SGT



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