US

    • US administration slaps new sanctions on Russia

      US administration slaps new sanctions on Russia

      The US imposed today new sanction on Russia for cyberattacks and election interference, news wires reported. According to a Treasury statement, sweeping action was taken against “16 entities and 16 individuals who attempted to influence the 2020 US presidential election at the direction of the leadership of the Russian Government." In addition to the broad sanctions issued by Treasury, the State Department announced it will expel 10 officials from Russia's diplomatic mission in the US.

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    • US halts Johnson&Johnson Covid-19 vaccine over rare blood clots

      US halts Johnson&Johnson Covid-19 vaccine over rare blood clots

      US federal health authorities called on Tuesday for a pause in the use of the Johnson & Johnson Covid-19 vaccine, after reports of extremely rare blood clotting cases in women under 50. The decision is another fresh setback to efforts to tackle the pandemic, as Johnson & Johnson (J&J) said that these news mean a delay in the rollout of the vaccine to Europe.

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    • Siemens eyes a slice of massive US budget cake

      Siemens eyes a slice of massive US budget cake

      The German engineering conglomerate Siemens has expressed expectations to receive some of the funds, envisaged for economic revival by US President Joe Biden, Reuters reported. Biden had announced generous plans to address the economic slowdown, caused by the pandemic by targeting massive funds to infrastructure restoration and development. The infrastructure spending is seen reaching as high as $2.3 trillion.

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    • Boeing sinks in legal battles over US Air Force One contracts

      Boeing sinks in legal battles over US Air Force One contracts

      The US plane maker Boeing said it had taken legal actions and canceled contracts with suppliers for Air Force One, the aircraft that carriers the US president. The scandal was over delays in completing interior work on the two heavily modified 747-8 airplanes, Reuters reported. Boeing said in a statement it had canceled contracts with GDC Technics due to their insolvency and failure to meet contractual obligations.

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    • IMF backs Biden’s plans for higher taxes and surcharges for the rich

      IMF backs Biden’s plans for higher taxes and surcharges for the rich

      The International Monetary Fund expressed support for the proposals of US President Joe Biden to increase corporate taxes and go further by agreeing a global minimum tax, Reuters reported. The Fund also noted that it was fair enough to impose higher taxes on wealthy firms and rich individuals who cashed big profits in pandemic and therefore can afford to pay more.

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    • Jeff Bezos backs Biden for higher taxes for US companies

      Jeff Bezos backs Biden for higher taxes for US companies

      Amazon founder and majority shareholder Jeff Bezos has vowed support for the plan of US president Joe Biden to raise taxes for US companies to compensate for record high stimulus packages, BBC reported. The comments by the world's richest man come as Biden pushes to raise the corporate rate from 21% to 28%.The rise would help pay for a massive spending plan to upgrade America's roads, ports, water pipes and internet.In his speech unveiling the proposal, Biden singled out Amazon as an example of a company that pays too little.

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    • Oil surges on stronger growth outlook, vaccine rollout

      Oil surges on stronger growth outlook, vaccine rollout

      International crude priced rose as post-pandemic economic outlook improved on the back of fast vaccine rollout and stimulus packages in industrial countries, Reuters reported. The biggest oil consumer in the world also reported a drop of inventories which prompts a further price rise. Brent futures rose up to $63.08 a barrel while US West Texas Intermediate spiked to $59.65.

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