Category Archives: Economy
Fallen tech star Elizabeth Holmes prepares to go on trial
Jury selection in the fraud trial of Theranos founder Elizabeth Holmes began Tuesday, casting a spotlight on the fallen Silicon Valley star now facing felony charges alleging she duped elite financial backers, customers and patients into believing that...
Lawsuit claims Indiana treasurer granted illegal contracts
INDIANAPOLIS (AP) — A whistleblower lawsuit alleges that Indiana’s state treasurer violated state law in handing out contracts that paid more than $6 million to firms linked to her political supporters.
Ex-Backpage owners head to trial over alleged sex ads
PHOENIX (AP) — Two journalists who founded an alternative weekly newspaper in Phoenix and later created the lucrative classified site Backpage.com are scheduled to go on trial Wednesday on charges of facilitating prostitution and laundering money in wh...
U.S. warning about travel to Canada mainly for benefit of unvaccinated, CDC head says
WASHINGTON — The head of the Centers for Disease Control and Prevention says the U.S. told Americans to "reconsider travel" to Canada mainly for the benefit of those not yet vaccinated against COVID-19. Dr. Rochelle Walensky says State Department trav...
COVID recession pushed Social Security insolvency up a year
WASHINGTON (AP) — The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertain...
New Taliban rulers face tough economic, security challenges
KABUL, Afghanistan (AP) — Afghanistan's new Taliban rulers face tough economic and security challenges as they step back into power in a country that is vastly different from the one they left 20 years ago.
Tourism association ‘caught off guard’ by U.S. travel advisory for Canada
Canada's tourism and hotel associations say they were caught off guard and disappointed by the U.S. government's decision to escalate its travel advisory for Canada. The U.S. State Department urged Americans on Monday to "reconsider" travel to Canada a...
Lobster fishing will face restrictions to try to save whales
PORTLAND, Maine (AP) — America's lobster fishing industry will face a host of new harvesting restrictions amid a new push from the federal government to try to save a vanishing species of whale.
South Korea bans Google, Apple payment monopolies
SEOUL, South Korea (AP) — South Korea’s National Assembly approved legislation on Tuesday that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems.
Biden looking at climate change risks to financial markets
WASHINGTON (AP) — In a season of daunting wildfires and flooding, the Biden administration is taking an initial step to assess how climate change could harm financial markets — planning to launch on Tuesday a 75-day comment period on how
