News

Biden immediately begins selling virus aid plan to public

The White House began highlighting the $1.9 trillion COVID relief bill immediately after it gained final congressional approval on Wednesday, wasting no time in selling the public on President Joe Biden’s first legislative victory. The West Wing began an ambitious campaign to showcase the bill’s contents while looking to build momentum for the next, perhaps […]

Why the pandemic left long-term scars on global job market

Esther Montanez’s housecleaning job at the Hilton Back Bay in Boston was a lifeline for her, a 31-year-old single mother with a 5-year-old son. The pay was steady and solid — enough to pay her bills and still have money left over to sock away savings for her child. But when the pandemic slammed the […]

Twitter sues Texas AG, claiming retaliation for Trump ban

Twitter has filed a lawsuit against Texas Attorney General Ken Paxton, claiming the Republican used his office to retaliate against it for banning the account of former President Donald Trump following the riot at the U.S. Capitol. Days after the deadly January insurrection, Paxton announced an investigation into Twitter and four other major technology companies […]

WHO head wants virus vaccine patents waived to boost supply

The head of the World Health Organization called Friday for patent rights to be waived until the end of the coronavirus pandemic so that vaccine supplies can be dramatically increased, saying these “unprecedented times” warrant the move. At a press briefing, WHO chief Tedros Adhanom Ghebreyesus said countries with their own vaccine capacity should “start […]

Chinese exports surge as global demand recovers from virus

China’s exports surged 60.6% over a year earlier in the first two months of 2021, after factories reopened and global demand started to recover from the coronavirus pandemic. Exports rose to $468.9 billion, customs data showed Sunday, accelerating from December’s 18.1% gain and nearly double the growth expected by forecasters. Imports jumped 22.2% to $365.6 […]

China sets growth target 'over 6%,' tightening HK control

China’s No. 2 leader set a healthy economic growth target Friday and vowed to make this nation self-reliant in technology amid tension with Washington and Europe over trade and human rights. Another official announced plans to tighten control over Hong Kong by reducing the public’s role in government. The ruling Communist Party aims for growth […]

GM looking to build 2nd US battery factory, Tennessee likely

General Motors says it’s looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea. The companies hope to have a decision on a site in the first half of the year, spokesman Dan Flores said Thursday. Flores would not say where the company is looking, but […]

UK competition watchdog investigates Apple's App Store

U.K. authorities have launched an investigation into Apple’s App Store over concerns it has a dominant role that stifles competition and hurts consumers. The Competition and Markets Authority said Thursday it was looking into “suspected breaches of competition law” by Apple. The announcement adds to regulatory scrutiny of the iPhone maker’s app distribution platform, which […]

UK extends job support, tax breaks for pandemic-hit economy

Britain’s treasury chief on Wednesday announced an additional 65 billion pounds ($91 billion) of support for an economy ravaged by the coronavirus pandemic, extending job support programs and temporary tax cuts to help workers and businesses in his annual budget. Chancellor of the Exchequer Rishi Sunak told the House of Commons that it is too […]

South Korea economy shrank in 2020 for 1st time in 22 years

South Korea’s central bank says the country’s economy shrank for the first time in 22 years in 2020 as the coronavirus pandemic destroyed service industry jobs and depressed consumer spending. Preliminary data released by the Bank of Korea on Thursday showed the country’s gross domestic product last year contracted 1% from 2019. It was the […]