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The US economy will recover from the COVID-19 pandemic, but the process could stretch through until the end of 2021, Powell said.

The United Kingdom is likely to lose its appeal to Chinese investors due to a grim economic growth forecast brought on by Brexit, according to new research.

The US carmaker announced earlier this year that at least 70 percent of Ford-branded vehicles sold in China will offer electrified powertrain options by 2025.

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The US secretary of defense suggested on Monday that the United States military would not strike Iranian cultural sites, a threat made by President Donald Trump over the weekend, as the United Nations' cultural agency noted that both countries have ratified treaties protecting such places.

The US soybean industry suffered from a 25 percent tariff slapped on by Beijing in July in retaliation for US tariffs on Chinese goods, which caused a drop in demand in a year that US farmers produced a large crop in anticipation of strong Chinese demand, according to Jack Scoville, vice-president of the PRICE Futures Group.

The UK was eighth worldwide in terms of foreign direct investment in China between 2006 and 2015, with investment totaling 4 billion pounds during the period.

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The US Supreme Court also intervened, barring an extension of voting by mail that would have allowed more people to cast ballots without going to polling stations in person.

The US Elections Project estimated total turnout at a record 160 million, including more than 101.1 million early voters, 65.2 million of whom cast ballots by mail amid the pandemic.

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The US Navy has staged such operations before, including drills conducted by three carriers when tensions with DPRK escalated last year.

The UK is Hong Kong's second-largest trading partner in Europe, with its investment worth 25 billion pounds ( billion) at the end of 2015, a 115-percent increase over five years.