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Slump in consumption, exports push Germany into recession in first quarter

FILE PHOTO: Containers are seen at a terminal in the port of Hamburg, Germany November 14, 2019. REUTERS/Fabian Bimmer. BERLIN (Reuters) - A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter, detailed data showed on Monday, giving a glimpse of the damage caused by the coronavirus pandemic. The Federal Statistics Office said capital investments fell by 6.9%, private ... Full story

Dancing with disinfectant: China's nightclubs back in the groove

SHANGHAI (Reuters) - Nightclubs in China have mostly come back to life as owners and customers feel increasingly comfortable the novel coronavirus epidemic is under control, but disinfectant, disposable cups and masks have become part of the experience. People wear face masks at a nightclub after it reopens, following a shutdown due to the coronavirus disease (COVID-19) outbreak, in Shanghai, China May 22, 2020. REUTERS/Aly Song. At 44KW, a ... Full story

Germany's confirmed coronavirus cases rise by 289 to 178,570: RKI

FILE PHOTO: People spend time at the Rhine River, as the spread of the coronavirus disease (COVID-19) continues, in Cologne, Germany May 21, 2020. REUTERS/Thilo Schmuelgen. BERLIN (Reuters) - The number of confirmed coronavirus cases in Germany increased by 289 to 178,570, data from the Robert Koch Institute (RKI) for infectious diseases showed on Monday. The reported death toll rose by 10 to 8,257, the data showed. Reporting by Thomas Seythal. ... Full story

India coronavirus: Bollywood actor Sonu Sood hailed for helping migrants

Bollywood actor Sonu Sood, who made his career by playing a mean villain, is being hailed as a real-life hero in India. Sood has been helping thousands of migrant workers, stranded by the Covid-19 lockdown in Mumbai, return home. "It gave me sleepless nights when I saw visuals of people walking hundreds of kilometres to reach their villages," the actor told the BBC. India announced a sudden lockdown on 24 March, leaving migrants in the lurch. ... Full story

Hong Kong border town slumps as mainland traders vanish

SHEUNG SHUI, Hong Kong (Reuters) - Last summer, pro-democracy protesters harassed Chinese traders in Sheung Shui and smashed storefronts that catered to them in the Hong Kong border town, angry at what they saw as a de facto invasion. Cosmetics store owner David So poses for a photo behind the shop counter while wearing a face mask, after the border between Shenzhen and Hong Kong was shut due to the coronavirus disease (COVID-19) outbreak, in ... Full story

Abe's 'own goals' slash support rates even as Japan's coronavirus emergency set to be lifted

TOKYO (Reuters) - A string of controversial missteps has slashed Japanese Prime Minister Shinzo Abe’s support to levels that could threaten to end his term early, even as he prepares to lift a state of emergency after the rate of coronavirus infections declined. FILE PHOTO: Japan's Prime Minister Shinzo Abe walks wearing a face protective mask during a news conference as the spread of the coronavirus disease (COVID-19) continues in Tokyo, ... Full story

LVMH boss Arnault's company to buy stake in Lagardere holding firm

FILE PHOTO:LVMH luxury group Chief Executive Bernard Arnault announces their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian Hartmann. PARIS (Reuters) - Bernard Arnault, the billionaire behind luxury fashion group LVMH ( LVMH.PA ), has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men. Groupe Arnault and Lagardere Capital & Management ... Full story

Philippine leader answers call of workers begging to go home

MANILA (Reuters) - Philippine President Rodrigo Duterte has given his government a week to process some 24,000 repatriated Filipino workers stuck for weeks on cruise ships or in coronavirus quarantine, so they can finally go home. FILE PHOTO: Philippine President Rodrigo Duterte attends a plenary session at a regional summit in Bangkok, Thailand November 2, 2019. REUTERS/Athit Perawongmetha. Thousands are aboard cruise vessels off Manila Bay or ... Full story

Singaporean cooks up Eid feast for migrant workers in lockdown

Migrant workers living in a factory-converted dormitory collect meals donated by charities for their Eid-al-Fitr celebrations amid the coronavirus disease (COVID-19) outbreak in Singapore May 24, 2020. REUTERS/Edgar Su. SINGAPORE (Reuters) - As Muslims around the world celebrate Eid al-Fitr to mark the end of the fasting month, thousands of migrant workers in Singapore have had to spend the holiday in quarantine because of outbreaks of the ... Full story

Virgin Australia lessors agree in principle to delay plane repossession: administrators

SYDNEY (Reuters) - Virgin Australia Holdings Ltd’s ( VAH.AX ) administrators have reached in-principle agreements with aircraft lessors covering the bulk of its fleet to wait until after Aug. 31 to repossess planes, to allow them to complete a sale, an affidavit showed. FILE PHOTO: A Virgin Australia Airlines plane is seen at Kingsford Smith International Airport the morning after Australia implemented an entry ban on non-citizens and ... Full story