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The US is experiencing a “pandemic of the unvaccinated”, the head of the country’s top public health agency warned, as new coronavirus cases have jumped 70 per cent in the past week. More than 33,000 infections were reported across the US on Thursday, Rochelle Walensky, director of the Centers for Disease Control and Prevention, said

Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets next week to discuss the role stablecoins

Britain’s competition watchdog is to be given new post-Brexit powers to levy massive fines on companies that rip off consumers, speed up antitrust cases and protect innovative small companies from predatory rivals. Kwasi Kwarteng, business secretary, will next week propose streamlined and strengthened powers for the Competition and Markets Authority, intended to drive innovation and

Microsoft Corporation (MSFT) is bringing its ubiquitous operating system to the cloud. The company announced Windows 365, as the service is known, in a press release on Wednesday. Microsoft is framing Windows 365 as a new way of working in distributed environments where office employees have the freedom to work from anywhere. The company refers

Vanessa Rivera (left), Azuri Moon (center), Candace Koole (right) all say their unemployment insurance was stolen from their accounts. Source: CNBC As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal cash directly from recipients’ accounts, according to an investigation by CNBC. When one single mother’s

The Biden administration will on Friday warn US companies that they face serious and escalating risks operating in Hong Kong, as the Chinese government increasingly cracks down on freedoms in the financial hub. The US will issue a “business advisory” about threats ranging from China’s ability to gain access to corporate data stored on servers

Asian fintech start-ups leave western peers far behind. Paytm is no exception. The Indian digital payments app, reported to be on the verge of a $2bn-plus offering that values it at about $25bn, allows users to trade gold, play games, shop and even book their Covid-19 vaccination.  Yet even with a potential record IPO on

Southwest Airlines Co. (NYSE: LUV) has grown from a tiny airline with three planes serving three Texas cities in 1971 to one that serves more than 100 destinations across the U.S., flying 4,000 flights a day. Moreover, Southwest has added 41 airports to its route network since 2010, and now serves 14 near-international destinations in 10

The NHS Covid-19 app sent more than half a million alerts last week recommending that people self-isolate after coming into contact with someone who tested positive for the virus, a tenfold jump in a month to a new all-time high. Initial jobless claims in the US last week fell to their lowest level of the

Shares in China Evergrande jumped by the most this year after the debt-laden property developer offered a rare reprieve to investors by dangling the prospect of a surprise dividend payment. Evergrande is one of China’s biggest corporate borrowers on international markets and is helmed by tycoon Hui Ka Yan, once China’s richest man. The billionaire

Sonos Inc. (NASDAQ: SONO) started with a simple but ambitious vision. According to their website, this was “to help music lovers play any song anywhere in their homes.” This essentially meant making a multi-room, wireless home audio system. It also meant building a product that was well-made and user-friendly—fast and easy setup, easy integration with existing technology, and

A Falcon 9 rocket booster lands after launching the company’s Transporter-2 rideshare mission on June 30, 2021. SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. “This was the largest quarter on record for

An Israeli cyber warfare group weaponised vulnerabilities in Microsoft and Google products, allowing governments to hack more than 100 journalists, activists and political dissidents globally, new research has found. The relatively unknown player, which markets itself as Candiru, is part of a lucrative Israeli offensive cyber industry that often recruits veterans of the army’s elite

How well did you keep up with the news this week? Take our quiz. The pace of China’s economic recovery rose modestly in the second quarter after signs of sluggishness in the world’s second-biggest economy had stoked expectations of greater policy support. On a quarter-on-quarter basis, China’s gross domestic product grew 1.3 per cent in

Every company manipulates its numbers to a certain extent to make sure budgets balance, executives score bonuses, and investors continue to offer up funding. Such creative accounting is nothing new. However, factors such as greed, desperation, immorality, and bad judgment can cause some executives to cross the line into outright corporate fraud. Enron, Adelphia, and

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Junk bonds aren’t so junky anymore, with a strong fundamental backdrop helping to underpin what traditionally has been one of the riskiest sections of the financial markets. Yields in the $10.6

At least 33 people have died and dozens are missing in the worst flooding Germany has seen in years following days of heavy rain that senior politicians have linked to climate change. Twenty people died in and around the Rhine city of Cologne, with two of them drowning in their own flooded cellars. Rivers burst

Linklaters has elected Paul Lewis as its new managing partner, marking a full refresh at the top of the elite UK law firm after Aedamar Comiskey became its first female senior partner in May. Lewis, the “magic circle” firm’s finance chief, will succeed Gideon Moore, who has held the top job since 2016. “It is

There are a number of ways to rank the size of insurance companies. Companies can be measured by their market capitalization (the value of the company on a stock exchange) or by using sales figures, such as net premiums written in a year or how many policies were sold. Here, we examine the top 10

The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk

Welcome back. When I took this job, my friend Jonathan Guthrie said that the professional risk was that I would just end up writing, “boy, interest rates sure are low!”, in slightly different ways, day after day. He has not turned out to be entirely wrong. On the other hand, there do seem to be

The pace of China’s economic recovery rose modestly in the second quarter after signs of sluggishness in the world’s second-biggest economy had stoked expectations of greater policy support. On a quarter-on-quarter basis, China’s gross domestic product grew 1.3 per cent in the three months to the end of June, up from a revised 0.4 per

What Is the Difference Between the Different Cost Types? Fixed costs, total fixed costs, and variable costs all sound similar, but there are significant differences between the three. The main difference is that fixed costs do not account for the number of goods or services a company produces while variable costs and total fixed costs

In this article CLNE CLOVW GME AMC The price of AMC Entertainment stock has been cut in half from its peak amid a big rout in meme stocks this month as the reality of bubble-like rallies and failing businesses started to become apparent for Reddit-obsessed investors. The movie theater chain’s stock tumbled about 13% to

Toyota’s self-driving unit has acquired US mapping start-up Carmera as the Japanese group embarks on a software buying spree in an attempt to quadruple its global engineering headcount over the next few years.  New York-based Carmera is the second acquisition by Woven Planet following its $550m takeover of Lyft’s autonomous driving unit in April. Backed

Global holdings of Chinese stocks and bonds have surged to more than $800bn as investors bought assets in the country at a record pace despite souring relations between Beijing and the international community. The drive into China’s markets by global investors has come even amid tensions between Beijing and Washington over issues from corporate audits

During his long career as a successful entrepreneur, billionaire Elon Musk has both ridiculed and defied his skeptics, in the process becoming one of the world’s richest persons. He was a founder of payments giant PayPal Holdings (PYPL), rocket maker SpaceX, and Tesla (TSLA), the world’s largest automaker by market value. But the outspoken Musk,

The United Arab Emirates and Saudi Arabia have reached the outline of a deal that would unlock an agreement by Opec and its allies to raise oil production, four delegates and advisers to the group said on Wednesday, but cautioned discussions are continuing and the deal is still to be finalised. Saudi Arabia has agreed

Wall Street stocks gained, Treasury bonds rallied and the dollar weakened as investors awaited an assessment on the US economic recovery from the chair of the Federal Reserve. The technology-focused Nasdaq Composite rose 0.6 per cent in early dealings, while the broader-based S&P 500 added 0.5 per cent. The yield on the 10-year US Treasury

What Are Bitcoin Hard Forks? In early 2009, a mysterious software developer, working under the alias Satoshi Nakamoto, released a software program that created bitcoin, the first cryptocurrency. Since then, bitcoin has gone on to gain massive appeal across the globe and inspire hundreds of other digital currencies. Many of these cryptocurrencies employ technologies that were already inherent