World War II

China And North Korea Vow To Resist ‘Hegemony,’ Beijing Says

China And North Korea Vow To Resist ‘Hegemony,’ Beijing Says

China and North Korea have pledged to strengthen coordination in global affairs and push back against what they described as “hegemonism” and “unilateralism,” the Chinese Ministry of Foreign Affairs said on Sunday, in remarks widely seen as directed at the United States.

The announcement came after talks in Beijing between Chinese Foreign Minister Wang Yi and his North Korean counterpart, Choe Son Hui. Their meeting followed North Korean leader Kim Jong Un’s trip to China earlier this month, where he joined Chinese officials in commemorating the anniversary of Japan’s defeat in World War II.

“China is willing to strengthen coordination …

Virus-battered Italy faces worst recession since WWII

Virus-Battered Italy Faces Worst Recession Since WWII

Facing its deepest recession since World War II and with business confidence collapsing, the coronavirus pandemic is hitting Italy’s economy hard.

Business confidence in the eurozone’s third largest economy in May plummeted to its lowest level since official statistics institute ISTAT started the index in March 2005.

The figure is “alarming”, said small business federation Confesercenti.

“The health and economic emergency has swept businesses away, especially in shops, services and tourism,” it said.

Its members are particularly concerned “by the lack of liquidity necessary to pay costs and salaries… we are close to a point of no return and that’s …

Coronavirus The Worst Global Crisis Since WW2 - UN Chief

Coronavirus The Worst Global Crisis Since WW2 – UN Chief

The coronavirus pandemic is the worst global crisis since World War II, UN Secretary-General Antonio Guterres said Tuesday, expressing concern that it could trigger conflicts around the world.

Guterres said that the scale of the crisis was due to “a disease that represents a threat to everybody in the world and… an economic impact that will bring a recession that probably has no parallel in the recent past.”

“The combination of the two facts and the risk that it contributes to enhanced instability, enhanced unrest, and enhanced conflict are things that make us believe that this is the most challenging …