Economy

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US probing Alibaba cloud unit for security risks: Sources

Review said to examine how e-commerce giant stores US clients’ data, including personal information and IP. The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it.

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‘Scarred for life’: Australia COVID wave heaps pressure on nurses

Healthcare workers say Omicron-driven wave of hospital admissions has exacerbated longstanding staffing problems. By Zoe Osborne Sydney, Australia – Nurses in New South Wales, home to a third of Australia’s nearly.

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Economy News

NY AG seeks testimony from Trump, his children over financial dealings

By Shivam Patel (Reuters) -New York Attorney General Letitia James said late on Tuesday that former U.S. President Donald J. Trump’s family organization used “fraudulent or misleading” asset valuations to.

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Wage gap: LGBTQ workers in US earn 10% less than average workers

A new survey finds US workers who identify as LGBTQ+ earning 90 cents for every dollar an average worker. By Kelsey Butler / Bloomberg In a rare look at LGBTQ+ earnings, new.

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Economy News

Luckin Coffee plans to relist in U.S. two years after accounting fraud – FT

(Reuters) -Luckin Coffee plans to relist its shares in the United States, the Financial Times reported https://www.ft.com/content/f8327af5-5203-44fd-acc7-267c7b475fa7 on Wednesday, two years after the Chinese coffee chain’s $300 million accounting scandal..

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China’s Xi calls on nations to secure global supply chains

Leader of world’s No. 2 economy makes remarks amid preparations to secure unprecedented third term in power. Chinese President Xi Jinping called on nations to secure global supply chains and.

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China car sector falling short of ‘net zero’ goals: Greenpeace

Environmental group says China must cut emissions by at least 20 percent by 2035 to reach net zero by 2060. China’s enormous car sector is on track to bring its.

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Economy News

Microsoft to buy Activision Blizzard in $69BN metaverse bet

Founded in 1979, Activision is home to some of the most popular game franchises in the world, including Call of Duty, World of Warcraft, Candy Crush and Guitar Hero. By Dina.

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Economy News

Brent oil jumps to highest level in 7 years

Fears fade about the demand impact from Omicron, while supplies are tightened by a range of outages. By Elizabeth Low and Grant Smith /Bloomberg Brent oil surged to the highest level.

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Economy News

Dollar at one-week high, lifted by U.S. yields; yen steadies

By Gertrude Chavez-Dreyfuss and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -The dollar rose to a one-week high on Tuesday following a jump in benchmark U.S. Treasury yields, while the yen steadied.

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