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U.S. President Donald Trump on Tuesday reduced the World Health Organization’s funds allocated to the novel coronavirus pandemic. Trump's decision drew criticism from experts as the global death rate continued to increase.
Trump’s emergency measures aimed at minimizing the spread of the virus had been consistently assailed. This has angered the president as he aimed his hostility against the WHO.
According to Trump, the Geneva-based organization perpetuated China’s attempt to disseminate disinformation about the COVID-19. The negligence enabled the virus to reach wider scale which could have been prevented.
“The WHO failed in this basic duty and must be held accountable,” Trump told a White House news conference on Tuesday. However, United Nations Secretary-General Antonio Guterres said that it was not the right time to reduce funds.
The United States still holds the record as the biggest donor to the WHO with its previous donation ranging up to more than $400 million in 2019. This is equivalent to a total of 15% contribution to the organization’s overall funding.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
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