President Joe Biden said that former President Donald Trump should not receive intelligence briefings even though they typically have been given to other former presidents. Biden told CBS News in an interview that Trump was “unfit to be president” and his “erratic behavior” is why he should have access to the nation’s classified information. “I […] Read more
LONDON — The Bank of England said Thursday British banks will need at least six months to prepare for a shift into negative interest rates. The BOE asked British banks in October about their preparedness for negative interest rates, having revealed in September that it was exploring the possibility of taking rates below zero if necessary. […] Read more
Israel’s decision to give 5,000 doses of the coronavirus vaccine to Palestinian frontline health workers is being criticized by Palestinians and rights groups as insufficient and falling short of the country’s obligations. “Israel’s provision of 5,000 vaccine doses to Palestinian health workers pales in comparison to the nearly 5 million doses it has already provided […] Read more
U.S. stocks jumped on Tuesday, building on a strong rally in the previous session as concerns about a speculative retail trading frenzy continued to ease. The Dow Jones Industrial Average climbed about 475.57 points, or 1.6%, to 30,687.48 for its best daily performance since November. The S&P 500 gained 1.4% to 3,826.31, pushing its two-day […] Read more
DUBAI, United Arab Emirates — The United Arab Emirates announced that Emirati nationality will now be attainable for foreigners, in a major first for the Gulf region. The move is a significant change in direction for a country whose economy relies heavily on expatriates, for whom residency is typically contingent on their employment visas. The […] Read more
Shares of GameStop surged again Wednesday, continuing the streak of wild swings for the stock as several high-profile short sellers said they had backed away from their positions. The name traded at roughly $337 per share when it was briefly halted shortly after 1 p.m. ET, up almost 128% from Tuesday’s close and giving the company a […] Read more
Microsoft stock rose as much as 6% in extended trading on Tuesday after the company reported fiscal second-quarter earnings and Azure cloud revenue growth that exceeded analysts’ expectations. Here’s how the company did: Earnings: $2.03 per share, adjusted, vs. $1.64 per share as expected by analysts, according to Refinitiv. Revenue: $43.08 billion, vs. $40.18 billion as expected by […] Read more
EY CEO Carmine Di Sibio has suggested that the main threat to businesses under the Biden administration will be the possibility of higher corporate taxes. Di Sibio told Karen Tso that he thought U.S. President Joe Biden, who was sworn into office last Wednesday, would “listen to business.” “I think he’s a centrist,” Di Sibio […] Read more
The Ministry of Health says there have been 29 samples of the UK variant and seven of the South African variant confirmed in managed isolation facilities so far. (file pic) Photo: Pete Linforth at Pixabay Genome sequencing of Covid-19 cases in managed isolation has revealed more people in managed isolation with the new very infectious variants. ESR testing and […] Read more
The coronavirus vaccine developed by Pfizer-BioNTech is likely to be just as effective against a highly transmissible mutant strain of the virus that was discovered in the U.K., according to a study by the two companies. The variant, known as B.1.1.7., was estimated to have first emerged in the U.K. in September. It has an unusually high […] Read more
