Economy Archives - Page 44 of 58

Russian Rockets ‘Destroy’ Dnipro Airport: Ukraine Officials

Ukraine’s Dnipro airport has been destroyed by a Russian rocket attack, Ukrainian officials are reporting. Russian forces reportedly fired rockets into Ukraine’s Luhansk and Dnipro regions on Sunday. Ukrainian officials said the shelling has completely destroyed an airport and wounded at least five people. Valentyn Reznichenko, governor of the central…

Pfizer Hired 600 Extra Staff to Handle ‘Large Increase of Adverse Event Reports,’ Document Shows

Pharmaceutical giant Pfizer hired an additional 600 employees to cope with its vaccine's “large increase” in reports of adverse effects, according to a leaked internal document. A document prepared by Pfizer shows that in the months after its COVID-19 vaccine was authorized in the United States, the company was overwhelmed…

Ukraine Says Putin ‘Not Serious’ about Peace Talks as Russian Shelling of Ukrainian Cities Continues

Ukraine has accused Russian President Vladimir Putin of being insincere about pursuing peace talks as Russia continues its bombardment of key Ukrainian cities. President Volodymyr Zelenskyy said in an address to the Spanish Parliament on Tuesday that Russia “is not serious about peace.” The Ukrainian leader pleaded for Europe to…

Companies and Employees in Ukraine Suffering amid Russian Invasion as Production Stops

Companies in Ukraine, both large and small, have been forced to push the pause button on operations as the Russian invasion rages on. While some are looking for ways to continue by relocating employees or modifying work schedules and projects, others have been forced to shut their doors indefinitely. The…

MicroStrategy Buys Another $190.5 Million Worth of Bitcoin

MicroStrategy has just announced that it has bought another $190.5 million worth of Bitcoin. The bitcoin-accumulating business-intelligence software company revaled it bought another 4,167 BTC. MicroStrategy said in a statement Tuesday that the purchases took place between Feb. 15 and April 4. The Virginia-based firm paid an average of $45,714 per…

Ukraine: Russia Is Executing Civilians with ‘Hands Tied Behind Backs’

Ukraine has accused Russia of executing Ukrainian civilians while their hands are "tied behind their backs." On Sunday, Ukrainian officials claimed that Ukrainian civilians were massacred by Russian forces in the city of Bucha, located near Kyiv. The news comes as Western powers said they would ready more sanctions against…

China’s Manufacturing Contracts at Fastest Pace in 2 Years amid Rising COVID Outbreaks

China's manufacturing and services sectors' activity contracted in March at the fastest pace in the past two years, according to reports. Activities slowed last month as local governments locked down major factory and trade hubs to curb the worst resurgence of COVID-19 cases since early 2020. On April 1, the…

Biden Admin Sued for Banning Swimming with Dolphins, Hurting Hawaii’s Economy

Democrat President Joe Biden's administration has been hit with a lawsuit for banning swimming with dolphins in Hawaii. A Hawaiian businesswoman is suing the Biden admin for hurting her business by illegally banning swimming with spinner dolphins. The pursuit is a popular tourist and therapeutic activity that generates a living…

Biden’s Budget Raises GDP Outlook, Trims Inflation, Increases National Debt

Democrat President Joe Biden's administration has just published its 2023 $5.8 trillion federal budget. In the proposed budget, the Biden admin published inflation, GDP, and deficit forecasts for the next ten years. According to the White House, the consumer price index is projected to clock in at 4.7 percent this…

Russia Confirms Missile Strikes in West Ukraine as Biden Visits Poland

The Russian government has confirmed that it launched missile attacks in West Ukraine near the border with Poland. Russia’s Defense Ministry confirmed Sunday it struck what it claimed were several military targets in the Ukrainian city of Lviv. Moscow said it used both precision and long-range missiles. Speaking to state-run…