Category Archives: Economy
Justice Department probing postmaster over fundraising
WASHINGTON (AP) — The Justice Department is investigating Postmaster General Louis DeJoy over political fundraising activity at his former business, a DeJoy spokesman said Thursday.
Mayor of Ecuador’s capital is dismissed, faces graft probe
QUITO, Ecuador (AP) — The mayor of Ecuador’s capital was removed from office on Thursday following multiple allegations of wrongdoing and the opening of a corruption investigation by prosecutors.
Biden offers tax deal to Republicans in infrastructure talks
President Joe Biden is trying to break a logjam with Republicans on how to pay for infrastructure improvements, proposing a 15% minimum tax on corporations and the possibility of revenues from increased IRS enforcement as a possible compromise.
Biden’s AI czar focuses on societal risks, preventing harm
Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning up after a nuclear disaster, waxing floors or pulling barnacles off a ship.
FDA warns doctors to stop using heart pump tied to deaths
WASHINGTON (AP) — U.S. health regulators warned surgeons Thursday to stop implanting a heart pump made by Medtronic due to power failures recently tied to cases of stroke and more than a dozen deaths.
Holiday chaos as UK removes Portugal from travel green list
LONDON (AP) — Britain said Thursday that it is removing Portugal from its list of COVID-safe travel destinations, meaning thousands of U.K. residents currently on vacation there face the prospect of 10 days' quarantine on return.
Lebanon reverses bank decision that caused depositors panic
BEIRUT (AP) — After public outrage and protests, Lebanon’s Central Bank governor said Thursday that depositors can go back to withdrawing money from their dollar deposits in the local currency at a rate two and half times better than the
US to swiftly boost global vaccine sharing, Biden announces
WASHINGTON (AP) — President Joe Biden announced Thursday the U.S. will swiftly donate an initial allotment of 25 million doses of surplus vaccine overseas through the United Nations-backed COVAX program, promising infusions for South and Central Americ...
Hong Kong police tell foreign hosting firm to remove website
LONDON (AP) — A Hong Kong pro-democracy website was temporarily taken down after police warned the Israel-based hosting company that it breached a national security law, highlighting concerns about actions by authorities in the Chinese city to muzzle o...
Workers win round in equal pay lawsuit against Tesco
LONDON (AP) — Workers at Britain’s largest grocery chain won the latest round in their equal pay lawsuit Thursday, when the European Union’s Court of Justice ruled that more favorable EU rules governing comparisons between men and women apply to
