Consumers around the globe face higher prices for a wide variety of everyday purchases, as supply chain problems bedevil markets for all manner of goods, and energy prices spike to…
more ...IMF Head Says Global Economy is Still ‘Hobbled’ by COVID-19 Pandemic
The head of the International Monetary Fund is warning that the global economy is facing a slow recovery due to the “Great Vaccination Divide” between the world’s wealthiest and poorest…
more ...Biden Says Bypassing Filibuster ‘Real Possibility’ to Raise Debt Limit
U.S. President Joe Biden indicated Tuesday senators from his Democratic Party could bypass a supermajority voting rule in order to increase the nation’s debt limit without Republican votes. “It’s a real possibility,” Biden told…
more ...Facebook Called On to Answer Criticism About Negative Effects
Facebook is in the hot seat again. A recent Wall Street Journal report cites internal knowledge of its harmful effects and the company’s reticence to act. A whistleblower, a former…
more ...US Lawmakers Pillory Social Media Giant Facebook
Key U.S. lawmakers pilloried social media giant Facebook on Tuesday after Frances Haugen, an inside whistleblower who once worked at the company, alleged that Facebook’s products are harming young people,…
more ...Nigerians Optimistic About Launch of New Digital Currency eNaira
Many Nigerians are optimistic as Africa’s largest economy gears up to launch the continent’s first central bank-backed digital currency, the eNaira. Authorities hope to tap into the popularity of cryptocurrency…
more ...US Senator: Facebook Whistleblower’s Allegations Should Be Investigated by Regulators
Facebook took another pounding in the U.S. Congress on Tuesday and a senator called on federal regulators to investigate accusations by a whistleblower that the company pushed for higher profits…
more ...Global Supply Chains Struggle with Surging Demand
Container ships anchored off the coasts of the United States have been told they could face a four-week delay before being allowed to dock and unload goods consumers are eagerly…
more ...US to Have ‘Frank’ Discussions with China About Trade
The top United States trade negotiator said China is failing to live up to its trade commitments from last year and that Washington would soon have “frank conversations” with Beijing. In a speech Monday in Washington, U.S. Trade Representative…
more ...Colleagues’ Stock Trading Scandals Slow Fed Chief Powell’s March to Renomination
With time ticking down on his term as chairman of the U.S. Federal Reserve Board, Jerome Powell’s reappointment to the post looks less certain than it did just a few…
more ...Secret Wealth of High-Profile Individuals Revealed in ‘Pandora Papers’ Leak
World leaders, politicians and pop stars are among the thousands of individuals revealed to be concealing huge wealth through a network of anonymous companies. The documents, known as the Pandora…
more ...Facebook, Instagram, WhatsApp Suffering Outages
An outage has left millions of people around the world unable to use Facebook along with its Instagram and WhatsApp platforms to connect with friends, family and others. “We’re aware…
more ...Share Trading in Embattled China Evergrande Halted in Hong Kong
Trading in shares of heavily indebted China Evergrande was suspended on Monday, days after some bondholders said the property developer at the center of jitters over China’s financial system had missed a second key bond…
more ...Facebook Whistleblower Says Firm Chooses ‘Profit Over Safety’
The whistleblower who shared a trove of Facebook documents alleging the social media giant knew its products were fueling hate and harming children’s mental health revealed her identity Sunday in…
more ...No More Immigration: PM says Britain in Period of Adjustment
British Prime Minister Boris Johnson said on Sunday he would not return to “uncontrolled immigration” to solve fuel, gas and Christmas food crises, suggesting such strains were part of a…
more ...Surviving the Pandemic: Bistro, Beer, Books and Bikes Make a Go of It
Life in the United States in 2021 seems more normal than the year before. The arrival of vaccines means the relaxing of rules for restaurant goers and sports enthusiasts. Even…
more ...Biden Says He’ll ‘Work Like Hell’ to Pass Infrastructure, Social Spending Bills
U.S. President Joe Biden said on Saturday he was going to “work like hell” to get both an infrastructure bill and a multi-trillion-dollar social spending bill passed through Congress and…
more ...Twitter Appeals French Court Ruling on Anti-Hate Speech
Twitter has appealed a French court decision that ordered it to give activists full access to all of its relevant documents on efforts to fight hate speech, lawyers and a…
more ...How China’s Ban on Cryptocurrency Will Ripple Overseas
Since China’s government declared all cryptocurrency transactions illegal last week and banned citizens from working for crypto-related companies, the price of bitcoin went up despite being shut out of one…
more ...China’s Tech Titans Funding Beijing’s Effort to Close Income Gap
During the three-day World Internet Conference held in Wuzhen, China, this week, the country’s biggest tech tycoons rushed to show their support for Beijing’s “common prosperity” initiative. Their enthusiasm for…
more ...Fitch Says US Sovereign Rating Pressured by Debt Limit Brinkmanship
Fitch Ratings said Friday the United States’ AAA sovereign credit rating could be pressured if federal lawmakers fail to address the debt ceiling in a timely manner, noting that political…
more ...US Consumer Spending Beat Expectations in August; Inflation Rises
U.S. consumer spending increased more than expected in August, but a downward revision to July data kept intact expectations that economic growth slowed in the third quarter as a resurgence…
more ...America’s Investment in Infrastructure Doesn’t Always Pay Off
About two centuries ago, American local, state and federal governments poured millions of dollars into building canals to move the nation’s people and goods. By 1840, there were 3,000 miles…
more ...Lithuania Urges Users to Ditch Chinese Smartphone Over ‘Built-In Censorship Tool’
A popular Chinese-made phone has a built-in censorship tool that can blacklist search terms on the web, according to research by the Lithuanian government. The country is urging owners of…
more ...US Jobless Benefit Claims Edge Higher Again
First-time claims for U.S. unemployment compensation edged higher again last week, the Labor Department reported Thursday, as the delta variant of the coronavirus continues to play havoc with the world’s…
more ...New Holographic Technology Provides Transportive Experience
A company in suburban Washington, D.C., is using cutting-edge technology to create lifelike video avatars to drop into music and training videos, games and other immersive environments. It’s an entry…
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