With the latest coronavirus relief package behind him, President Joe Biden may turn to another legislative priority this year: taxes. Resetting how much Americans contribute to Uncle Sam could be high on the Democratic president’s list of priorities for this year. Biden promised throughout his campaign that he would limit any tax hikes to people with incomes above $400,000. […] Read more
The World Health Organization said Wednesday that coronavirus vaccination rollouts using the AstraZeneca-Oxford University shot should continue while it carries out a safety review. The latest guidance from the global public health body comes after a raft of European countries announced that they would suspend use of the shot over concerns that it could be linked […] Read more
Toys R Us has a new owner — again. The brand management company WHP Global announced Monday it has acquired a controlling interest in Tru Kids, the parent company of the Toys R Us, Babies R Us and Geoffrey the Giraffe brands. “We’re in the brand business, and Toys R Us is the single most […] Read more
Apple sued a former employee in federal court in California on Thursday, alleging that Simon Lancaster, who worked as a product design architect, passed trade secrets to a member of the media, and asked for favorable coverage of companies he was involved with in return. In its lawsuit, Apple did not name the media correspondent […] Read more
France is recognized for being a hotbed of culture, gastronomy and style. The country is also something of a world leader in another field: nuclear power. According to the International Atomic Energy Agency, France is home to 56 operational nuclear power reactors, second only to the U.S., which has 94. Together, these French facilities have […] Read more
U.S. stocks jumped on Tuesday after a decline in bond yields ushered investors into the beaten-up technology sector. The tech-heavy Nasdaq Composite climbed 4.2%, on pace for its best day since April 2020. Tesla stock soared 17% after a five-day losing streak and headed for its biggest one-day pop since February 2020. Apple, Facebook and Amazon jumped 4% each, while Microsoft […] Read more
Friday’s employment report pointed to further signs of a recovery in the U.S. economy, with 379,000 net jobs added and the unemployment rate falling to 6.2%. But despite the encouraging top-line numbers, the job-market’s 2020 swoon and its 2021 recovery have not fallen equally across the U.S. labor force. Employment data was worse for minority groups, […] Read more
The European Union has made its first intervention into the supply of coronavirus vaccines, with Italy reportedly blocking a shipment of the AstraZeneca-Oxford vaccine to Australia on Thursday. Reuters reported, citing two sources, that British pharma giant AstraZeneca had requested permission from Rome to ship around 250,000 doses from its Anagni, Italy, plant. However, the Italian government […] Read more
A Paris court found French former President Nicolas Sarkozy guilty of corruption and influence peddling on Monday and sentenced him to a year in prison. He can ask to serve that time at home and also plans to appeal. The 66-year-old, who was president from 2007 to 2012, was convicted of trying to bribe a […] Read more
China stands a good chance of doubling the size of its economy by 2035 — and surpassing the U.S. as the world’s largest economy along the way, said an economist from the Bank of America. As China seeks to become an advanced nation, Chinese President Xi Jinping said in November that it was possible to double the country’s gross domestic […] Read more
