Beijing likely to retaliate, but analysts unsure of…

The relationship between the U.S. and China may continue to worsen after the State Department ordered Beijing to close a consulate in Houston, making it "almost certain" the Asian country will retaliate, experts said on Thursday.U.S. officials…

State Department orders China to close consulate in…

The State Department confirmed on Wednesday the U.S. has ordered China to close its consulate in Houston, prompting Beijing to insist on firm countermeasures unless Washington immediately reverses its decision.The move is an escalation of…

Analysts warn of ‘double edged sword’ in China…

Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020.Costfoto | Barcroft Media | Getty ImagesChina's recent stock market rally is raising fears that it's being driven by…

United Airlines loses $1.6 billion in the second…

A United Airlines Boeing 777-200 aircraftNicolas Economou | NurPhoto | Getty ImagesUnited Airlines posted a $ 1.63 billion net loss for the second quarter, driven by a plunge in air travel demand because of the coronavirus…

U.S. Commerce Secretary Wilbur Ross hospitalized

U.S. Secretary of Commerce Wilbur Ross testifies about the fiscal year 2021 budget during a Senate Appropriations subcommittee on Commerce, Justice, Science and Related Agencies hearing on Capitol Hill in Washington, DC,on March 5, 2020.SAUL…