Mon, 28 Sep 2020

LOS ANGELES -- AMC Entertainment Holdings, Inc., the largest U.S. movie theater chain owned by Chinese conglomerate Wanda Group, reported Thursday a net loss of 561 million U.S. dollars in the second quarter due to the COVID-19 pandemic.

According to an AMC press release, the company's total revenue in the quarter ended June 30 fell 98.7 percent to 18.9 million dollars from 15.06 billion dollars a year ago. The company reported a loss of 5.44 dollars per share. (US-AMC-Revenue)

- - - -

BUENOS AIRES -- The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) on Thursday spotlighted China as an important trade partner for countries in the region, such as Argentina.

Argentina's exports of primary goods to China have allowed the South American country to maintain a positive trade balance when the COVID-19 pandemic has depressed economies around the globe, according to ECLAC Executive Secretary Alicia Barcena. (Argentina-China-Trade)

- - - -

WASHINGTON -- U.S. President Donald Trump on Thursday issued an executive order banning any U.S. transactions with Chinese tech firm ByteDance, owner of popular video-sharing app TikTok, starting in 45 days, a controversial move widely criticized by experts.

The app has been downloaded over 175 million times in the United States and over one billion times globally, according to the executive order, which claims that the app automatically captures "vast swaths of information" from its users, posing risks to U.S. "national security." (US-China-TikTok)

- - - -

OTTAWA -- Canada has vowed to take countermeasures after U.S. President Donald Trump announced the decision to re-impose a 10-percent tariff on Canadian aluminum imports, citing national security concerns.

"In response to the American tariffs announced today, Canada will impose countermeasures that will include dollar-for-dollar retaliatory tariffs," Canadian Prime Minister Justin Trudeau said Thursday evening. "We will always stand up for our aluminum workers. We did so in 2018 and we will stand up for them again now." (Canada-US-Aluminum Tariff)

Sign up for Trinidad News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!