Economy Archives - Page 41 of 58

India Bans Wheat Exports over Concerns of Food Security

India has banned almost all exports of wheat after expressing concerns over food security, according to reports. The Indian government cited the heightened risk to food security in the country and some of its neighbors arising from a sudden spike in the global prices of wheat. India’s Directorate of Foreign…

Japan Bans Exports of High-Tech Goods to Russia

Japan has announced it is banning all exports of cutting-edge goods to Russia as additional sanctions over the country's invasion of Ukraine. The ban on exports of 14 high-tech goods, including oil refining equipment, quantum computers, 3D printers, and electron microscopes to Russia will take effect starting May 20, according…

Elon Musk Says Twitter Deal ‘on Hold’ over Spam Bots

Tech entrepreneur Elon Musk said today that his deal to buy Twitter is “temporarily on hold” over data reports concerning "spam bots" on the platform. Musk said it is "on hold" until detailed information confirms Twitter’s claim that bots or fake accounts make up fewer than 5 percent of users…

Court Reinstates Texas Law Protecting Free Speech on Social Media Platforms

A court has reinstated a Texas law that allows state officials to bar social media platforms from censoring users based on their political views, according to reports. On Thursday, the 5th U.S. Circuit Court of Appeals panel reversed a district judge’s decision that blocked Texas from enforcing the law. The…

Jack Dorsey Agrees with Elon Musk on Trump’s Twitter Ban

Twitter co-founder and former CEO Jack Dorsey said he backs Elon Musk’s plan to reinstate former President Donald Trump’s account when he takes control of the platform. Dorsey slammed the move to ban Trump as a “business decision” and a “failure,” admitting that it was "wrong." Musk suggested on Tuesday…

Biden Gets Worst News of Political Career: Inflation Continues, Real Wages Fall

Democrat President Joe Biden has just received the worst news of his political career as the latest economic data deals a death blow to the Democrats' chances in the looming midterms. The latest figures from the Bureau of Labor Statistics show the U.S. economy is still battling inflation while "real…

Biden Tells Voters His ‘Policies Helped, Not Hurt’ on Inflation

Democrat President Joe Biden has tried to claim that his policies have "helped" regrading inflation and have "not hurt" the economy. Biden was grilled on inflation today by CNN White House correspondent Jeremy Diamond. Questions are mounting against the Biden admin as rising costs threaten every part of the economy.…

Biden Admin Pulls Record Tax Haul after Boost from Corporate Profits, Meme Stocks

The Biden administration has pulled in a record tax haul so far this fiscal year, according to reports. Federal government data shows that the record haul was partly on the strength of the meme stock mania and surging corporate profits. The figures are now prompting the Treasury Department to scale…

25 Million Ton Backlog of Grain Blocked from Leaving Ukraine, UN Food Agency Reveals

Almost 25 million tons of grain is stranded in Ukraine and unable to leave the war-torn country for export, according to a U.N. food agency official. The huge backlog of grain shipments is unable to be transported out of Ukraine due to “infrastructure challenges” and blocked ports in the Black…

Conservatives Should ‘Use Power’ in Fighting Big Tech Censorship and Woke Companies: Legal Expert

American conservatives should use institutional authority to punish companies, including Big Tech corporations, that go “too woke” and control “every major cultural institution in America,” said a legal expert during a panel discussion on Thursday. “There is literally one institution, broadly speaking, that liberal progressives do not monolithically, unilaterally control.…