Trump admin mulls new sanctions on Iran’s financial sector
Sanctions would cut off Iran from global economy and thwart US from re-entering nuke deal if Biden wins-sources.
Category Archives: Economy
Layoffs averted: United Airlines reach deal with pilots
United, American, other airlines are set to lay off workers on Thursday when federal virus aid ends.
Judge urges Apple, Epic Games to bring antitrust case before jury
Apple removed the game Fortnite from its App Store after Epic rolled out its own method of making in-game purchases.
Tax evasion and theft ‘rob Africa’ of $89bn a year: UN study
The estimate is the United Nations Conference on Trade and Development's most comprehensive for Africa to date.
US landlords sue over COVID-19 eviction ban as tenants struggle
Advocates worry that overturning these bans could cause homelessness to spike and force people into crowded shelters.
Masks in short supply as COVID-19 and fires sweep US West Coast
Masks have been hard to find even as air quality in West Coast states ranges from merely unhealthy to hazardous.
Queen Elizabeth II reports $45m hit in income amid pandemic
Lack of income from visitors to royal buildings is likely to bring a general funding shortfall of $19m over three years.
Australia’s latest economic stimulus: Easing bank lending rules
Treasurer Josh Frydenberg says credit flows will be crucial to help Australia's economy recover from the pandemic.
Ex-Cambridge Analytica head banned from running firms in UK
UK state agency blackballs Alexander Nix for letting now-defunct Cambridge Analytica staff offer 'unethical services'.
Layoffs vs housing: More signs of an unequal US economic recovery
The US housing market is on fire while the jobs market is downshifting.
Board or ‘nothing’: Kanye threatens to withhold Gap line
The Yeezy designer took to Twitter to say he will not be releasing his Gap line until he can join the company's board.
US senators urge Netflix to scrap Chinese series, citing Uighurs
In a letter to Netflix, the senators pointed to comments by Chinese author Liu Cixin about China's clampdown on Uighurs.
Gold slides to two-month low while silver takes a bullet
US dollar strength is weighing on precious metals, driving down gold prices and silver, which is now in a bear market.
Mnuchin expects to restart talks with Pelosi on new virus aid
Fed officials say Congress needs to pass more stimulus deal to keep recovery on track.
UK throws new lifeline to workers to stave off more layoffs
Chancellor Rishi Sunkak announces new incomes support scheme to help businesses keep workers in jobs.
Wall Street tug-of-war as US stocks try to shake off concerns
Volatility on Wall Street is rife as mixed economic news taps optimism and pessimism among investors.
US firm pleads guilty to paying bribes in Brazil, Venezuela
A United States asphalt company has agreed to pay $16.6m in fines for paying bribes to officials.
Fed officials stress need for Congress to pony up more COVID aid
Several Fed officials on Wednesday said more relief aid from Congress is needed to keep the economic recovery on track.
Trump admin slaps sanctions on imports of Cuban rum, cigars
New round of sanctions also prohibits Americans from staying at properties owned by the Cuban government.
‘My own unconscious bias’ – Wells Fargo CEO issues apology
CEO Charles Scharf apologises for comments blaming 'limited pool of Black talent' for lack of diversity in recruiting.