President Joe Biden has painted a bleak picture of the nation’s coronavirus outbreak in his first few days in office, warning that it will take months to turn around the pandemic’s trajectory and that fatalities are expected to dramatically rise over the next few weeks. “A lot of America is hurting. The virus is surging. We’re 400,000 […] Read more
In his first hours in the Oval Office, President-elect Joe Biden plans to sign more than a dozen executive orders to address challenges like the Covid pandemic and the student debt crisis. Biden’s orders will also work to reverse many of those issued by President Donald Trump, including the so-called Muslim travel ban and the construction of […] Read more
Netflix reported earnings for the fourth quarter of 2020 after the bell on Tuesday, announcing it is “very close” to being free cash flow positive and is considering stock buybacks. This year, it expects to be around break even on cash flow. The stock was up about 10% after hours. Here are the key numbers: Earnings per share (EPS): $1.19 […] Read more
The head of the World Health Organization said Monday the equitable distribution of coronavirus vaccines is at “serious risk.” Warning of a “catastrophic moral failure,” WHO’s Director-General Tedros Adhanom Ghebreyesus said “the recent emergence of rapidly-spreading variants makes the rapid and equitable rollout of vaccines all the more important.” But he added that this distribution […] Read more
Italy is embroiled in fresh political uncertainty at a time when it’s still struggling with the coronavirus pandemic and the impact on its highly-indebted economy. Critics have slammed what they call an “irresponsible” attitude by some political figures, who they believe are acting in their own personal interest. “I am very worried about the situation,” was […] Read more
LONDON — The science around the link between children and the spread of the coronavirus is still evolving, but a growing body of evidence suggests that kids attending school do play an important role in community transmission. The issue comes as the resurgent spread of Covid-19 has prompted most of Europe to adopt the strictest […] Read more
Iran came into 2021 swinging. Within the first week of the year, the country had seized a South Korean tanker in the Strait of Hormuz and announced its return to 20% uranium enrichment, a massive breach of the 2015 nuclear deal it signed with world powers. The tanker seizure, Iran says, is in response to […] Read more
Thinking of investing in a cryptocurrency? Be prepared to lose all your money. That’s the message from the U.K.’s Financial Conduct Authority, which on Monday warned investments and lending products related to crypto come with “very high risks.” “The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked […] Read more
President Donald Trump is now promising an “orderly transition” of power, tweeting through a surrogate early Thursday minutes after Congress formally confirmed the election of Joe Biden as president following an hourslong takeover of the Capitol by a mob of Trump supporters. A statement from the president on Twitter via deputy chief of staff for communications Dan […] Read more
A British judge ruled on Monday that WikiLeaks founder Julian Assange, one of the world’s most high-profile whistleblowers, will not be extradited to the U.S. Judge Vanessa Baraitser said extradition would be oppressive due to Assange’s mental health. “The overall impression is of a depressed and sometimes despairing man, who is genuinely fearful about his future,” […] Read more
