Biden’s trade nominee vows ‘worker-centric’ model to protect jobs

Katherine Tai, United States President Joe Biden’s top trade nominee, backed tariffs as a “legitimate tool” to counter China’s state-driven economic model and promised to hold Beijing to its prior commitments while promising a sweeping new approach to US trade. At her Senate confirmation hearing to become the US Trade Representative (USTR), Tai also called […]

US jobs market shows signs of improvement but challenges ahead

Fewer people in the United States filed new claims for unemployment benefits last week amid falling COVID-19 infections but the near-term outlook for the labour market is unclear after winter storms wreaked havoc in southern states earlier this month. Still, the decline in claims to a three-month low reported by the Department of Labor on Thursday […]

US attacks ‘Iranian-backed military infrastructure’ in Syria

BREAKING Pentagon spokesman says move was in response to recent rocket attacks on US troops in Iraq. The United States military says it carried out attacks on facilities in eastern Syria used by Iran-backed militia on Thursday, following recent rocket attacks on US troop locations in Iraq, the Pentagon said. “At President Biden’s direction, US […]

First asylum seekers from Mexico’s Matamoros border camp enter US

Some of the asylum seekers have been there more than a year due to immigration rules set by former President Trump. The first asylum seekers from a Mexican border camp that had become a symbol of Trump-era immigration restrictions entered the United States on Thursday under a new policy meant to end the hardships endured […]

US President Biden, Saudi King Salman discuss end to Yemen war

Biden affirms US commitment to Saudi defence, calls for diplomacy in Yemen and praises release of rights activists. United States President Joe Biden spoke for the first time since becoming president with Saudi Arabia’s King Salman bin Abdulaziz Al Saud on Thursday as the US prepares to release a report about the 2018 murder of […]

‘Halfway there’ Biden marks 50 million COVID-19 jabs

US President Joe Biden held a ceremony commemorating 50 million coronavirus vaccine jabs on Thursday, amid rising concerns about the emergence of new variants in at least two states. Biden, who took office on January 20, pledged to vaccinate 100 million people in his first 100 days in office. Now, on his 37th day in […]

Oil prices mixed as Texas refineries reopen after deep freeze

As refineries in Texas reopen after last week’s freeze, concerns over OPEC+’s willingness to continue output cuts grow, with global benchmark Brent closing lower on Thursday. Oil prices were mixed on Thursday with United States crude edging up to its highest close since 2019 as refineries in Texas in the US restarted production after last […]

‘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 […]

Prosecutors digging into Trump’s tax and financial records

A district attorney in New York state has obtained Donald Trump’s tax returns and other financial records. After a lengthy court battle, the Manhattan district attorney is in possession of Donald Trump’s tax returns and other financial records as part of a criminal investigation into the former president and his family-run Trump Organization, a spokesman […]

‘Red hot to merely sizzling’: US mortgage rates hit 6-month high

Historically low mortgage rates in the United States spurred a coronavirus-pandemic housing boom, which the rising cost of borrowing could cool. Mortgage rates in the U.S. rose to the highest level in six months, with higher borrowing costs threatening to crimp the pandemic housing rally. The average for a 30-year, fixed loan was 2.97%, up […]

US House to pass Equality Act Republicans say threatens freedoms

LGBTQ protections will be enshrined in US law if bill survives a steep climb to 60 votes in the Senate. The US House of Representatives looks set to pass legislation enshrining LGBTQ protections in the nation’s labour and civil rights laws on Thursday as Republican and Democratic lawmakers feud over protections for transgender individuals. The […]

Yellen backs new allocation of IMF’s currency to aid in recovery

The global economy is at risk of a ‘dangerous and permanent divergence’, the secretary of the US Treasury warned G20 officials. United States Treasury Secretary Janet Yellen on Thursday threw her support behind a new allocation of the International Monetary Fund’s own currency, or Special Drawing Rights (SDR), but said broad parameters were needed to […]

Memestock frenzy: GameStop roars again with $5.9bn surge

AMC Entertainment, Koss Corp and Nokia Oyj also gained as retail traders revived the surge in Reddit-treasured stocks. GameStop Corp. soared Thursday as retail investors revived the surge in Reddit-favorite stocks, pushing it to reap $5.9 billion in market value over two days. The video-game retailer rose as much as 85% to $170.01 in New […]

Georgia counties sue Trump over failed election challenges

Two counties in Georgia ask for over $15k in legal fees related to lawsuits filed by the Trump campaign. Two Georgia counties have filed lawsuits this week against former President Donald Trump in his capacity as a candidate, seeking legal fees over failed attempts to overturn the election through voter fraud allegations and vote recounts. […]

‘Anarchist jurisdictions’ no more: Biden revokes Trump’s order

Biden reverses order that says cities like Portland and Seattle are ‘anarchist’ havens – an order that had blocked them from federal funds. President Joe Biden on Wednesday formally revoked a series of presidential orders by his predecessor, including one that sought to cut funding from several United States cities that former President Donald Trump […]

Questions raised over US Fed outage as services are restored

Fed systems that execute millions of transactions a day went down on Wednesday due to what seemed to be an internal glitch. For about four hours Wednesday, Federal Reserve systems that execute millions of financial transactions a day — everything from payroll to tax refunds to interbank transfers — were disrupted by what appeared to […]

Police chief says US intel did not warn of scale of Capitol riot

The acting head of the Capitol police will testify before a House committee as Congress continues to probe the violence. United States Capitol Police were aware of the possibility of violence from armed extremists when the Capitol was attacked by supporters of former President Donald Trump, but intelligence did not indicate the possible scale of […]

Israel lobbied Biden admin not to lift ICC sanctions: Report

The US and Israel had previously condemned the Hague-based court for opening the door to a probe into alleged Israeli war crimes. Israeli Prime Minister Benjamin Netanyahu urged United States President Joe Biden not to lift sanctions imposed on International Criminal Court (ICC) officials by the administration of former President Donald Trump, according to a […]

For broadcasters, sports brands, Tiger Woods crash forces rethink

The car crash that severely injured Tiger Woods will force golf broadcasters and brands to face life without their biggest star sooner than they expected. Woods, 45, hasn’t been a reliable presence on golf’s biggest stage in years, and the sport has started to move on to its new crop of athletes. But everyone from […]

Global shares jump on hopes that US interest rates will stay low

Global stocks jumped on Thursday after United States Federal Reserve Chair Jerome Powell reaffirmed interest rates would stay low for a long time, calming market fears that higher inflation might prompt the central bank to tighten monetary policy. Powell’s reassurance gave a fresh impetus to investors expecting the world’s largest economy to rebound strongly and […]

US transport department faults aviation body over Boeing 737 MAX

In new report, US Transportation Department says ‘much work remains’ in fixing how aviation body certifies new planes. The United States Department of Transportation inspector general has faulted “weaknesses” in US government certification of the Boeing 737 MAX aircraft that was grounded for 20 months after two crashes killed 346 people, according to a new […]

US report on Khashoggi murder critical for justice: UN expert

The pending release of an unclassified United States intelligence report on the murder of Saudi journalist Jamal Khashoggi will be a critical step in the ongoing search for justice, a leading United Nations expert has said. Agnes Callamard, the UN special rapporteur on extrajudicial, summary or arbitrary executions, said the report by the Office of […]

Biden overturns Trump bans on green cards and work permits

Trump-era measure restricting many visa applicants cited need to protect US jobs amid COVID-19 pandemic. US President Joe Biden has revoked a proclamation issued under the Trump administration that blocked many foreign workers and green card applicants from entering the United States. The order by former President Donald Trump, known as Presidential Proclamation 100014, cited […]