ECONOMY

A bipartisan infrastructure bill may be introduced in the Senate this month.
Trillion Dollar Bipartisan Infrastructure Deal to Hit Senate Floor Soon
A 1.2 trillion dollar bipartisan infrastructure plan supported by President Joe Biden could hit the Senate floor within weeks. In an email to Politico, a White House official said that Senate Majority Leader and Democrat...
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Officials Visit Bronx Businesses as NYC Launches ‘Shop Your City’ Challenge
On Tuesday, July 6, 2021 at 3 p.m., Jonnel Doris, Commissioner of New York City’s Small Business Service (SBS), and community leaders visited some of the major neighborhoods in the Bronx and provided business owners...
The US Military Is Finding It Harder and Harder to Buy Semiconductors
Shortages, supply chains, and security weigh heavily in which chips can and can’t be used Semiconductors enable nearly every modern industrial and commercial device, from smartphones to aircraft, vehicles, weapons systems, the internet and the...
Oil-storage tanks are seen from above in Carson, California, April 25, 2020 after the price for crude plunged into negative territory for the first time in history on April 20. Although oil prices have stabilized somewhat since the unprecedented dive, the world remains in the throes of a glut of crude oil caused by a precipitous fall in demand due to the global coronavirus pandemic coupled with a lack of storage capacity for crude already in transit or still being produced.
Oil Prices Soar to Six-Year High Amidst OPEC Plus Infighting, Creating Winners and Losers
Infighting among key players of the Organization of the Petroleum Exporting Countries (OPEC) Plus alliance has caused oil production levels to remain virtually unchanged despite increasing demand. As a result, prices have soared, threatening post-pandemic...
Chinese state media and social networking platforms called for boycotts of major Western brands, including Nike, after statements made by the companies in the past about Xinjiang cotton resurfaced online.
Slowdown in Earnings, Nike Chief Executive Assures Beijing His Firm Is ‘A Brand of China’
Nike recently held a conference call with Wall Street analysts about the company’s fourth-quarter earnings report. When asked about facing competition from Chinese brands, Chief Executive John Donahoe replied that Nike is a “brand that...
Corn planted by farmers is washed away by floods after torrential rains hit Yichang city, Hubei province, China, on June 18, 2021. Beijing appears to have shuttered Cofeed for reporting honestly on the country’s grain and corn harvests as the Communist Party fears losing social stability and control over the people.
China Suspected of Censoring Data to Cover Up Grain, Corn Supply Shortages
The Chinese Communist Party (CCP) has come down heavily on independent experts that publicize honestly about the nation's suspected recent disastrous crop yields and supply shortages. Latest reports suggest numerous industry officials have been detained...
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Businesses in China’s Guangdong Province Plagued by Continuing Power Restrictions
Manufacturing industries in China’s southern province of Guangdong are reeling under power shortages as cities have ordered businesses to cut down on power usage by hours or even days. This has created problems for manufacturers...
Rooibos: Extraordinary Herb Receives Due Distinction
A proud inheritance of South Africa, Rooibos tea has become the very first food in Africa to be approved by the EU for listing on the register. The EU's logo may now be used on...
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China Says Crypto Crackdown an Effort to Curb Money Laundering
Authorities in mainland China have arrested over 1,100 people involved in laundering illegal funds using cryptocurrencies according to the Chinese Ministry of Public Security. The arrests included 170 criminal groups that used crypto exchanges to...