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Oil drops 3% on China-U.S. tensions, energy demand doubts

NEW YORK (Reuters) – Oil prices tumbled about 3% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Fuel demand plummeted…

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Pompeo and Hassett Condemn China Over Hong Kong Security Law

He was the most senior Trump administration official to offer a substantial reaction to China’s drastic proposal, which brought a new focus to continuing tensions between the United States and China, whose relationship is already at its worst point in decades. Speaking on CNN Friday morning, the White House economic adviser, Kevin…

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Hungary Moves to Close Border Camps After E.U. Court Ruling

BUDAPEST — The government of Hungary has moved nearly 300 asylum seekers and begun closing detention sites along its southern border after the European Union’s highest court ruled that it was holding migrants unlawfully. The migrants were shifted late Wednesday night and early Thursday morning from containers at the fenced and guarded…

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How big unions smooth the way for Amazon worker protests

WASHINGTON (Reuters) – Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota. Former Amazon employee, Christian Smalls, stands with fellow demonstrators during a protest outside of an Amazon warehouse as the outbreak of the coronavirus…

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Facebook’s Zuckerberg embraces more permanent remote work

FILE PHOTO: Facebook’s campus is seen on the edge of the San Francisco Bay in Menlo Park, California in this aerial photo taken January 13, 2017. REUTERS/Noah Berger SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) will shift toward more permanently embracing remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg…

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Americans splurge at Walmart, Target as stimulus checks kick in

FILE PHOTO: Walmart shopping carts are seen on the parking lot ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 27, 2019. REUTERS/Kamil Krzaczynski (Reuters) – The Trump Administration’s coronavirus relief payment provided a fillip to sales of major retailers in April as millions of Americans used the money to buy…

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U.S.-China tensions pull Wall Street lower

(Reuters) – Wall Street’s main indexes eased on Thursday from more than two-month highs hit in the previous session, as growing Sino-U.S. tensions and concerns about a rebound from a coronavirus-led economic slump hit sentiment. The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the…

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Inaction That Cost Lives

Want to get The Morning by email? Here’s the sign-up. Good morning. Vaccine research is making progress. Chinese leaders have regained their swagger. And a new study shows the severe costs of delayed U.S. action on the virus. By the final days of February, many public health experts were sounding the alarm…

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