‘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 […]

Wildfire victims sue PG&E’s former management for neglect

California company accused of ‘dereliction of duty’, claimants fear it will not be able to pay $13.5bn settlement. A trust representing more than 80,000 victims of deadly wildfires ignited by Pacific Gas and Electric’s (PG&E) electrical grid is suing nearly two dozen of the utility’s former executives and board members for alleged dereliction of their […]

Rebound: Bitcoin rises after volatile crypto swing

The digital token rose as much as 7 percent on Wednesday, climbing to near $50,000 after sinking 13 percent on Tuesday. Bitcoin rebounded from its sharp selloff of the past few days as additional purchases by MicroStrategy Inc. and Square Inc. helped to ease concern investors were starting to exit the famously volatile cryptocurrency. The […]

US Fed probing ‘operational error’ that halted bank transfers

The Federal Reserve said an ‘operational error resulted in disruption of service’ in some of its systems that process trillions of dollars in payments each day. The United States Federal Reserve on Wednesday said it is restoring services disrupted by an “operational error” that resulted in outages for a dozen areas, including cheque clearing and […]

Fed’s Powell ‘honest about the challenge’ amid inflation concerns

Testifying before the US House Committee on Financial Services, Federal Reserve Chair Jerome Powell urged lawmakers not to worry about inflation unless prices were to rise in a troubling, persistent way. Between deep wounds to the labour market and weak inflation, United States Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated […]

Biden’s choice for budget director hits US Senate roadblock

Longtime Democratic operative Neera Tanden drew bipartisan criticism for critical tweets in Trump era President Joe Biden’s nomination of Neera Tanden to head the White House Office of Management and Budget, a key domestic policy role, has run into trouble in the United States Senate. In the evenly divided 50-50 Senate, a combination of Republican […]

US to ramp up vaccination efforts amid decline in COVID-19 cases

The White House coronavirus task force announced on Wednesday that it would increase the rate of vaccination across the United States, amid a decrease in COVID cases, hospitalisations and deaths. Jeffrey Zients, the White House’s COVID-19 response coordinator, said the weekly supply of vaccines to states is now 14.5 million, up from 8.6 million five […]

Hot US housing market: New home sales hit three-month high

Purchases of new single-family homes in the United States in January increased 4.3 percent, beating forecasts. Sales of new U.S. homes rose in January by more than forecast to a three-month high as buyers took advantage of attractive mortgage rates that are now starting to increase. Purchases of new single-family homes increased 4.3% to a […]

Florida man charged with trying to join ISIL fighters

The man, who had been on US law enforcement radar for a decade, was arrested earlier this month. A Florida man travelled to Turkey and attempted to enter Syria so he could help ISIL (ISIS) fighters, according to an indictment by a federal grand jury. The grand jury on Tuesday charged Mohamed Suliman, 33, with […]

US to allow migrants from Mexico as critics slam ‘kids in cages’

The administration of US President Joe Biden is facing blowback after reports surfaced that facilities for migrant children previously slammed by Democrats are reopening as it is set to begin processing asylum claims at a camp on the Texas-Mexico border. The camp, which is home to hundreds of mostly Central American asylum seekers, “has recently […]

Biden to sign order tackling chip shortage amid automaker woes

The scarcity of semiconductor chips, exacerbated by the coronavirus pandemic, will be the subject when President Joe Biden meets with a bipartisan group of US lawmakers on Wednesday. United States President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced US automakers and other […]

Bitcoin buy-in: MicroStrategy pours $1bn more into cryptocurrency

The business intelligence firm said it now owns close to 90,531 bitcoins and will continue to buy more. Major bitcoin corporate backer MicroStrategy Inc said on Wednesday that it bought another 19,452 bitcoin, worth around $1.03bn, swelling its holdings of the cryptocurrency and sending the company’s shares eight percent higher in premarket trading. The company, […]

Facebook to invest $1bn in news business after Australia dispute

Facebook restored Australian news pages Tuesday, ending an unprecedented weeklong blackout over a proposed law that would require tech giants to pay traditional media companies for their content. Facebook Inc on Wednesday pledged to invest at least $1bn in the news industry over the next three years, days after a high-profile standoff with the Australian government over paying news […]

Johnson & Johnson COVID jab safe and effective, US FDA staff find

The US Food and Drug Administration staff’s findings likely mean Johnson & Johnson’s single-dose vaccine will be approved for emergency use later this week. Johnson & Johnson’s one-shot COVID-19 vaccine appeared safe and effective in trials, United States Food and Drug Administration (FDA) staff said in documents published on Wednesday, paving the way for the […]