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Finance News

Alibaba fined $2.8 billion on competition charge in China

Alibaba Group, the world’s biggest e-commerce company, was fined 18.3 billion yuan ($2.8 billion) by Chinese regulators on ...

EXPLAINER: Senate eyes budget rule to push past filibuster

With the Senate split 50-50, leaders of the Democratic majority are looking for ways to advance their priorities and ...

Fire kills 3 in market near Rohingya camp in Bangladesh

A fire on Friday destroyed more than 20 shops in a makeshift market near a Rohingya refugee camp in southern Bangladesh, ...

Supreme Court sides with Facebook in text message dispute

The Supreme Court on Thursday sided with Facebook in a lawsuit over unwanted text notifications it sent, rejecting a claim ...

George Soros to give $500M to Bard College in New York

Billionaire philanthropist George Soros has committed $500 million to a private liberal arts college in New York, which the ...

Pakistan lifts weekslong ban on TikTok over racy content

Pakistan's media regulatory agency on Thursday reinstated access to the Chinese video service TikTok, after a court banned ...

Stimulus payments headed to Social Security recipients soon

Social Security recipients and other federal beneficiaries who don't normally file a tax return should expect their ...

Student loan relief extended to some privately held loans

The federal government’s pause on student loan payments is being extended to more than 1 million borrowers who have defaulted ...

Agency finds that Elon Musk tweet violated federal labor law

Tesla CEO Elon Musk has tweeted his way into trouble with another federal agency, this time the National Labor Relations ...

NTSB calls for more safety oversight of air tour operators

Federal safety officials are making another push for stricter oversight of air tour operators and hot-air balloon rides after ...

Biden to outline 2022 budget priorities next week

The Biden administration will next week release its proposed discretionary budget for fiscal 2022, providing insight into the ...

Turkish lira plummets after Erdogan fires central bank chief

The Turkish currency plummeted against the U.S. dollar on Monday after President Recep Tayyip Erdogan fired his third central ...

Fed's Powell: Public should understand risks of Bitcoin

Federal Reserve Chair Jerome Powell said Monday that the U.S. public needs to understand the risks behind Bitcoin and other ...

Twitter to establish legal entity in Turkey, comply with law

Twitter has announced it will establish a legal entity in Turkey in order to continue operating in the country, which passed ...

Turkey's president fires central bank governor by decree

Turkey’s president has fired the central bank governor, who in his four months in office had won the praise of investors for ...

Students who got partial loan relief to see full discharge

Thousands of students defrauded by for-profit schools will have their federal loans fully erased, the Biden administration ...

EXPLAINER: How Uber UK case could foreshadow gig work revamp

Ride hailing giant Uber says it's giving U.K. drivers benefits like minimum wage and pensions, after losing a yearslong court ...

Uber to give UK drivers minimum wage, pension, holiday pay

Uber is giving its U.K. drivers the minimum wage, pensions and holiday pay, following a recent court ruling that said they ...

NatWest unit faces criminal charge in money laundering case

National Westminster Bank has been charged with violating money laundering laws in relation to 365 million pounds ($505 ...

Oman blocks Clubhouse, app used for free debates in Mideast

Oman has cut off access to the buzzy new audio chat app Clubhouse, the country’s telecommunications regulator confirmed ...

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