U.S. government proposes rolling back protections for big tech
The U.S. Justice Department proposed on Wednesday that Congress take up legislation to curb protections big tech platforms like Alphabet’s Google and Facebook have had...
Hertz suspends share sale after U.S. SEC raises objections
Bankrupt Hertz Global Holdings Inc on Wednesday suspended its plan to sell up to $500 million in new shares after the U.S. Securities and Exchange...
Amazon launches Saudi Arabia shopping site despite CEO’s dispute with kingdom
Amazon.com Inc on Wednesday launched a website for shoppers in Saudi Arabia, showing its continued business interests there despite a public dispute between Riyadh and...
Stocks gain on recovery hopes, dollar on safe-haven bid
A gauge of global equities edged higher on Wednesday, adding to the prior day’s rally on economic and vaccine hopes, while fresh coronavirus outbreaks and...
U.S. trade chief vows to push for ‘broad reset’ at WTO
The Trump administration will push for a broad reset of “outdated tariff determinations” at the World Trade Organization to fix what it sees as years...
Fed’s Powell beats drum for more government aid to bolster economy
The U.S. economy is beginning to recover from the worst of the coronavirus crisis, but with some 25 million Americans displaced from work and the...
House panel debating $494 billion infrastructure measure
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways...
U.S. House panel debating $494 billion infrastructure measure
A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways...
Lyft promises switch to 100% electric vehicles by 2030
Ride-hailing company Lyft Inc on Wednesday said every vehicle on its ride-hailing and rental car platform will be electric by 2030, but it would not...
Americans face new coranavirus challenge: a shortage of coins
Banks across the United States are facing a shortage of coins during coronavirus crisis, prompting the U.S. Federal Reserve to ration distribution and work with...