‘We want people to stay with us’: Costco raises minimum wage

The majority of Americans support the idea of more than doubling the minimum wage to $15 per hour, a new Reuters/Ipsos poll found. Costco Wholesale Corp is raising the minimum wage for its hourly staff to $16 from next week, a dollar more than what its competitors Amazon.com Inc and Target Corp pay per hour […]

Pennsylvania G.O.P.’s Push for More Power Over Judiciary Raises Alarms

She added, “It is way too much control for one branch to have over another branch, particularly where one of its charges is to reign in the excesses of the legislative branch.” If the Republican bill becomes law, Pennsylvania would become just the fifth state in the country, after Louisiana, Kentucky, Mississippi and Illinois, to […]

Pennsylvania G.O.P.’s Push for More Power Over Judiciary Raises Alarms

She added, “It is way too much control for one branch to have over another branch, particularly where one of its charges is to reign in the excesses of the legislative branch.” If the Republican bill becomes law, Pennsylvania would become just the fifth state in the country, after Louisiana, Kentucky, Mississippi and Illinois, to […]

‘They are merciless’: EU raises threat of sanctions on Russia

Warning by top EU official, who recently visited Moscow to plead for Navalny’s release, heightens West-Russia tensions. The European Union’s top diplomat has said Russia’s government was increasingly authoritarian and showed no tolerance of democratic rule of law, warning that a new round of sanctions was a possibility. “They are merciless,” EU foreign policy chief […]

Robinhood raises another $2.4bn from shareholders

Robinhood disclosed the fundraising boost after the online brokerage pulled back on trading curbs it imposed amid last week’s Reddit-fuelled market frenzy. Robinhood Markets announced Monday that it had raised an additional $2.4 billion from existing shareholders, on top of the $1 billion it took in last week. The latest financing round was led by […]

Robinhood, in Need of Cash, Raises $1 Billion From Its Investors

Facing an onslaught of demands on its cash amid a stock market frenzy, Robinhood, the online trading app, said on Thursday that it was raising an infusion of more than $1 billion from its existing investors. Robinhood, one of the largest online brokerages, has grappled with an extraordinarily high volume of trading this week as […]

Tanzania president raises doubts over COVID vaccines

President John Magufuli claims, without evidence, that vaccines against COVID-19 are ‘dangerous’. Tanzanian President John Magufuli has claimed that vaccinations against COVID-19 are dangerous and instead urged Tanzanians to protect themselves from the deadly disease by using domestic measures including steam inhalation. Magufuli has long downplayed the seriousness of COVID-19, which has killed more than […]

WFP raises alarm over rising hunger in Madagascar

The crisis follows three straight years of drought as well as a deep recession triggered by the COVID-19 pandemic. The United Nations’ World Food Programme (WFP) has appealed for emergency aid of $35m to fight hunger in southern Madagascar, hit by the coronavirus pandemic and a third consecutive year of drought. “Some 1.35 million people […]

Capitol siege raises scrutiny of Biden inaugural security plans

The violent insurrection at the United States Capitol is intensifying scrutiny over security at an inauguration ceremony for President-elect Joe Biden already reshaped by a pandemic and the prospect that his predecessor may not attend. Biden and Vice President-elect Kamala Harris will take the oath of office from the Capitol’s West Front, one of the […]

US raises tariffs on European wines, spirits amid plane dispute

US will raise duties on European plane-making parts, some non-sparkling wines and cognac following EU measures in November. The Trump administration announced additional tariffs on some products from the EU as part of a long-running dispute over subsidies to aircraft makers Airbus SE and Boeing Co. In November, the EU instituted duties on some $4 […]