Category Archives: Economy
Dutch extend COVID lockdown; school holidays to start early
THE HAGUE, Netherlands (AP) — The Dutch government on Tuesday ordered elementary schools to close a week early for Christmas holidays as authorities battle to rein in coronavirus infections amid concerns about the swift spread of the new omicron varian...
Harvard professor’s trial a test of DOJ’s China prosecutions
BOSTON (AP) — The trial of a Harvard University professor charged with hiding his ties to a Chinese-run recruitment program is the latest bellwether in the U.S. Justice Department's controversial effort to crackdown on economic espionage by China.
Senate poised to raise debt limit by $2.5T, avoiding default
WASHINGTON (AP) — The Senate was poised Tuesday to lift the nation's debt limit by $2.5 trillion under a deal struck between party leaders, defusing a volatile issue until after next year's midterm elections while saddling majority Democrats with a
Egypt backs federal peace deal for ethnically split Cyprus
NICOSIA, Cyprus (AP) — Egypt’s foreign minister on Tuesday rebuffed a Turkish push for a two-state peace deal on ethnically divided Cyprus, saying that any talks should adhere to a U.N.-backed road map reunifying the east Mediterranean island nation as...
UAE suspends talks on $23B weapons deal with US
WASHINGTON (AP) — The United Arab Emirates on Tuesday suspended talks on a $23 billion deal to purchase American-made F-35 planes, armed drones and other equipment, in a rare dispute between Washington and a key U.S. ally in the Persian
Virus and migrant worries spur EU to toughen border rules
BRUSSELS (AP) — The European Union on Tuesday launched a major revamp of the rules governing the movement of people and goods into and around Europe as coronavirus restrictions and fears over a “hybrid attack” from Belarus using migrants are
EU plan for sweeping update of Big Tech rules gains momentum
LONDON (AP) — The European Union’s ambitious plan to update its pioneering internet rules gained momentum Tuesday after a key committee passed measures requiring technology companies to better police content and lawmakers prepared to vote on regulation...
Serbia takes big step forward in EU membership talks
BRUSSELS (AP) — Serbia on Tuesday took a significant step forward in its quest to join the European Union by opening talks on a series of policies linked to the environment, but Belgrade was warned that progress on its European
Omicron spreading so fast it threatens Britain’s hospitals
LONDON (AP) — The omicron variant is spreading so rapidly it has the potential to overwhelm Britain’s hospitals, highlighting the need to strengthen coronavirus restrictions and speed up the delivery of booster vaccine shots, the country's health minis...
Treasury awards $8.7B for lending in minority communities
WASHINGTON (AP) — The U.S. Treasury Department announced Tuesday the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living in poorer communities with limited access to banking.
