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The US Chamber of Commerce, the largest business group in the country, also strongly opposed the Trump administration's threat to impose tariffs on auto imports in the name of national security.

The UAE is a major oil producer and has the second biggest economy after Saudi Arabia in the Gulf Cooperation Council, or the GCC.

The United Nations stands ready to support local and national authorities, in addition to the support already being provided by humanitarian partners, the statement said.

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The Union of OIC News Agencies (UNA) has organized the first virtual forum entitled "The role of news agencies in supporting anti-coronavirus efforts". Azerbaijan was represented at the event by member of the UNA Executive Council, Chairman of the Board of AZERTAC Aslan Aslanov.

The US Federal Reserve on Wednesday cut interest rates by a quarter-percentage point to buoy the US economy amid a global slowdown and the continuing US-China trade dispute.

The US sanctions will not only harm the China-US relations and the common interests of the two countries, but also bring substantial damages to US businesses and people, he noted.

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The US trade deficit dropped to a seven-month low in April as exports jumped to a record high, lifted by an increase in shipments of industrial materials and soybeans.

The US company currently has over 14,000 employees operating in more than 143 countries, mainly distributed by its connected technologies business unit and retail and industry business unit.

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The United States Army Medical Research Institute of Infectious Diseases, or USAMRIID, at Fort Detrick, Maryland, has resumed full operations after an over 8-month shutdown, but the cloud over it hasn't gone away.

The US Fed plans to continue or even intensify the ongoing quantitative easing, by purchasing government bonds and residential, commercial mortgage-backed securities over the coming months, to sustain smooth market functioning, according to a statement from its Federal Open Market Committee.