The Democratic-controlled US Senate has voted to pass a budget deal to avert what would be the first US federal government shutdown since 2019, only hours after the House of…
Category: Business News
USA: Starbucks baristas launch strike in US, union says
More than 11,000 Starbucks baristas in the US have begun a five-day strike in a dispute over pay and working conditions. The walk outs began on Friday at stores in…
Spain: Court sentences ex-IMF chief to more than four years over corruption
A Madrid court has sentenced former International Monetary Fund (IMF) chief Rodrigo Rato to more than four years in prison for tax crimes, money laundering and corruption. Judges found Rato…
USA: Trump threatens tariffs if EU doesn’t buy more oil and gas from US
Donald Trump has threatened to levy tariffs against the European Union if the bloc does not buy more oil and gas from the United States, in the latest economic warning from the…
USA: Biden cancels another $4.2bn in US student loans before leaving office
US President Joe Biden’s administration is cancelling student loans for another 55,000 people in the United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends. The…
USA: Amazon hit by ‘strike’ during holiday season scramble
One of America’s most powerful labour unions is staging a protest against Amazon, aiming to put pressure on the tech giant as it rushes out packages in the final run-up…
UK: Man convicted for repeatedly lying about inventing Bitcoin
A computer scientist has been found to have committed contempt of court for falsely and persistently claiming to be the mysterious inventor of Bitcoin, Satoshi Nakamoto. In March, the High Court…
El Salvador: World’s first Bitcoin nation scales back crypto dream
El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies. The global lender said risks related…
N Korea: Hackers stole $1.3bn of crypto this year – report
A total of $2.2bn (£1.76bn) in cryptocurrencies has been stolen this year, with North Korean hackers accounting for more than half that figure, according to a new study. Research firm…