EconomyWith

List includes China’s top chipmaker SMIC as outgoing Trump seeks to cement tough-on-China legacy, Reuters reports.

US officials suspect Russia was behind hacking campaign that struck agencies including one that manages nuclear weapons.

UK firms plead for more time to adjust to exit from EU trading arrangements at year-end with trade deal still elusive.

But Sackler family, owners of OxyContin maker Purdue, deflect blame during hearing. One politician calls them ‘evil’.

Almost 900,000 Americans filed for jobless benefits last week as COVID infections surge across US.

Leaked draft confirmed government plans to devalue the Iraqi dinar and slash benefits for public workers.

A 15 percent hike will bring Mexico’s minimum wage up to the equivalent of about $7 a day.

A coalition of states sued Alphabet’s Google alleging broad antitrust violations in the online search market.

Roadmap aims to elevate Black voices at all levels of music industry and ensure Black artists are fairly compensated.

Heavy traffic grips key Dover-Calais route; traders rush to move goods before Brexit transition period expires.

Report says Alibaba facial recognition tech can specifically pick out members of China’s Uighur minority.

The hearing comes after the drug company, maker of OxyContin, pleaded guilty to criminal charges.

Oil production cuts hit the kingdom’s economy hard again, but the non-oil sector is starting to improve.

The $500m deal comes amid a long-running dispute with Saudi Arabia over the pirating of football broadcasts.

Protests against joblessness, corruption, inequality in Tunisia in 2010 sparked a regional explosion of popular anger.

Talks continue on emergency support for jobless workers, struggling businesses as pandemic worsens and a deadline looms

Fed says it will keep bond-buying ‘until substantial further progress’ is made towards its unemployment, inflation goals.

Aggressive monetary and fiscal measures helped cushion New Zealand’s economy from harsh coronavirus lockdown.

Suit led by Texas accuses Google of illegal deal with Facebook to maintain chokehold on digital advertising market.

Chinese coffee chain was delisted in US in June after accounting scandal, raising suspicions over other Chinese firms.

Economic recovery in Argentina and throughout Latin America is under threat from a fresh rise in COVID-19 cases.

From a new drug research hub to island incubators, Greece positions itself for the ‘Fourth Industrial Revolution’.

The high court will review a court decision that concerns non-cash education-related compensation to college athletes.

The 2023 Artemis II mission will send a crewed test flight into lunar orbit but will not land on the moon.

US retail sales fell 1.1 percent in November – the steepest fall in seven months.

The world’s largest cryptocurrency crossed a major milestone on Wednesday, rising above $20,000 for the first time.

The US Treasury also placed 10 other countries, including China, on a watchlist for suspected currency manipulation.

Potential deal reportedly jettisons liability shield for businesses and financial aid for states and cities.

The action comes as the Trump administration has imposed sanctions on a near daily basis, many targetted at Iran.

Study of 18 rich countries counters argument that policies favouring rich eventually feed through to rest of economy.

Ruling overturns previous court decision that had blocked plan on environmental grounds.

Scott’s wealth has grown by $23.6bn this year to $60.7bn as Amazon fortune mounts while poorest suffer COVID’s fallout.

China imposed punitive duties totalling 80.5 percent on Australian barley in May as bilateral relations deteriorated.

US farmworkers earn some of the lowest wages and suffer ‘an above-average rate of workplace injuries’, a report found.

Regulator seeking unspecified fine, but Facebook says it has ‘always been clear’ about the information it collects.

Exports fell in again November, a likely source of concern for Japanese policymakers counting on an overseas recovery.

The US carrier’s two current flights from Atlanta to Amsterdam require travellers to take multiple coronavirus tests.

The world’s biggest oil exporter is facing a huge deficit caused by lower oil revenues and the coronavirus crisis.

The regulations are some of the strictest set of technology rules to be proposed by the EU.

Fed formally joined a global panel of central banks working to develop climate risk management for the financial sector.

Facebook is making the change partly because the EU privacy regime is among the world’s strictest, sources said.

Some Americans worry about potential unknown side effects of coronavirus vaccines after expedited approval processes.

Biden’s team plans to reverse many sanctions and regulations imposed on Cuba by the Trump administration, sources say.

COVID-19 pandemic has hit billions of people hard with poverty set to surge in almost every country, Oxfam says.

Abdalla Hamdok takes aim at military over vast economic activities, which he says should be limited to defence sector.

Moderna’s is the second vaccine the FDA has considered, behind Pfizer’s, which was authorised last week.

While most currencies in Asia have benefitted from a weaker dollar, India’s rupee is down 3 percent this year.

Two members of Sackler family which owns Purdue Pharma agree to testify before committee investigating opioid crisis.

New UK rules could lead to sites which break rules being blocked and senior managers held liable for content.

Nancy Pelosi, Steve Mnuchin speak as Senate bipartisan group outlines two COVID-19 relief bills with deadline looming.

Amid Brexit fears, UK PM picks India for first bilateral visit in hope of boosting ties with countries further afield.

Insurers are asking airlines whether they are carrying out extra training for pilots after pandemic-induced groundings.

Kuwait emir tells new parliament the country faces big challenges and there is no time for ‘fabricating conflicts’.

Chinese media say top economic planner has approved coal imports without restrictions except for those from Australia.

The national cybersecurity body directed all federal agencies to remove compromised network management software.

Federal Trade Commission asks how Big Tech selects advertisements for each user as part of Washington crackdown.

Trade ministry says it will open a travel lane for business travellers from all countries in second half of January.

To attract investors to its new sovereign fund, Indonesia needs to show governance protocols are airtight, analysts say.

Experts concerned over how social isolation and parents’ financial issues are affecting children.

The US planemaker said the problem does not pose an imminent safety hazard.

US officials say Americans lost an estimated $1bn in fraudulent schemes designed to prey on vulnerable people in 2020.

A breast cancer survivor is using the Christmas season to help other women find work in the blockaded Gaza Strip.

Personal protective equipment imported from China could face Trump’s trade war tariffs if exclusions expire.

The UAW agreed to pay $1.5m to settle tax issues and enact significant reforms, including independent monitoring.

Washington’s decision to remove Sudan from a list of ‘state sponsors of terrorism’ comes into effect on Monday.

Appeals court judges questioned lawyers for TikTok and the US government for nearly 90 minutes on Monday.

Passing the bills is crucial for the establishment of international banking ties, notably with Europe.

US officials say the two Iranians are directly involved in the probable death of ex-FBI agent Robert Levinson.

Many Britons of Punjabi origin say India’s new agriculture laws threaten their ancestral lands.

Gmail, YouTube, Google Drive and other Google services went down simultaneously on Monday.

A dent in incomes and a fear of COVID-19 has made Indians switch to fast food chains, helping Burger King’s IPO soar.

Mohammad Abdulatif al-Fares named oil minister while Khalif Hamade is now the minister of finance.

The next few days of negotiations seen as critical, with little more than two weeks until the transition period ends.

A $908bn COVID-19 relief plan is likely to be split into two packages to win approval after months of deadlock: Reuters.

Analysts say if Yemen’s Houthi rebels were behind the blast, it would represent a major shift in targeting capabilities.

UK businesses plead with government for time to prepare for possibility of an exit from the EU without a trade deal.

Taiwan will apply to join the new version of the TPP once it completes informal consultations with its current members.

More than 5,000 of Top Glove’s Malaysia workers have tested positive for the coronavirus, the country’s biggest cluster.

Anti-trust watchdog fines Alibaba and unit of Tencent over acquisitions after regulators warned tech firms of scrutiny.

We round up the numbers from the week’s biggest economic news stories so you can impress yourself and your friends.

The stopgap spending bill allows the United States to avert a government shutdown.

London and Brussels to ‘go the extra mile’ in the coming days to try to reach an agreement and avoid a no-deal Brexit.

Findings point to existing drugs that could be repurposed to treat people who risk getting critically ill from COVID.

The United States Justice Department sued Google in October.

Probability of UK leaving EU with no free-trade deal in place rises as both sides fail to overcome sticking points.

Cracking down on the vehicles that allow criminals and terrorists to move money around the world is a pressing issue.

Class action lawsuit alleges that Mastercard overcharged more than 46 million people in the UK over 15 years.

Chinese authorities have detained a Bloomberg News Beijing staff member on suspicion of endangering national security.

Cuba will end its decades-old dual currency system and have a single unified exchange rate of 24 pesos to $1.

After all-night talks, EU agrees on more ambitious target to cut greenhouse gas emissions this decade.

Others named in the sanctions were security figures and officials from Russia, Venezuela and Pakistan.

Qatar will run its largest budget deficit in four years in 2021 thanks to the pandemic and lower energy prices.

UK’s retail industry warns again that food prices will shoot up in 2021 if new tariffs are imposed.

Australia cancels an order for 51 million doses of a COVID-19 vaccine after trials run into trouble.

Republicans and Democrats continue to bicker as terms of a $900bn economic relief package have not yet been finalised.

In China, domestic startups are tapping global funds to sell skincare products to image-conscious millennial men.

The upcoming flight will be the first powered launch from Spaceport America, where Virgin Galactic is now headquartered.