Business Archives - Page 40 of 45

European Central Bank Keeps Interest Rates Steady despite Record High Inflation

The European Central Bank (ECB) is keeping interest rates steady despite inflation hitting record highs. The ECB announced it’s holding its key interest rate at around the zero bound. It is also maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a…

Americans Far More Concerned about Inflation than Covid, Poll Shows

Americans are far more worried about inflation over the Covid pandemic as a top economic concern for 2022, a new poll has revealed. Inflation has overtaken Covid fears already this year, according to the latest edition of the Argyle-Leger Confidence Report. While many Americans fear that the pandemic will continue…

Biden to Meet Qatar Leader to Discuss Boosting Gas Supplies to Europe

Democrat President Joe Biden is to meet with the leader of Qatar to discuss boosting gas supplies to Europe as tensions escalate between Russia and Ukraine. Biden is hosting Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, at the White House on Jan. 31 for the discussions. The discussions are expected…

Federal Judge Blocks Gulf of Mexico Drilling Lease Sales over Flawed Impact Analysis

A U.S. federal judge has blocked the sale of oil and gas drilling leases for the Gulf of Mexico after ruling that environmental impact analysis is flawed. The ruling prohibits the sale of drilling leases across 80 million acres of the Gulf of Mexico. The judge determine that the environmental…

Lawmakers Grill NBC over Communist China’s Influence on Winter Olympics Coverage

Two Republican lawmakers are demanding to know whether NBCUniversal’s coverage of the 2022 Winter Olympics is being influenced by the Chinese Communist Party (CCP). Reps. Robert Latta (R-OH) and Cathy McMorris Rodgers (R-WA) wrote a letter (pdf) to NBCUniversal CEO Jeff Shell and President of Olympics and Business Gary Zenkel…

Wall Street Firms Turn Bearish on Stocks: ‘Winter Is Here’

More and more strategists and Wall Street firms are turning bearish on the financial markets as the sharp selloff in stocks continues. Stock market bears are claiming victory after anticipating a correction. Over the last week, the leading benchmark indexes have plummeted. On Monday, analysts at Morgan Stanley, including Michael…

Big Tech Bill Approved by Senate Panel despite Pushback from Silicon Valley

The U.S. Senate Judiciary Committee has voted to pass a major bill placing limits on Big Tech, despite pushback from Silicon Valley lobbyists. This week, the committee voted 16-6 to move forward with the bill that defies the powerful lobbyists of Silicon Valley. Top executives like Apple Chief Executive Tim…

US and UK in Talks to Resolve Dispute over Steel and Aluminum Tariffs

Officials from the United States and the United Kingdom have entered into joint talks in an effort to resolve the trade dispute over tariffs on U.S. steel and aluminum. Representatives agreed to resolve the dispute in a joint virtual conference beginning on Jan. 20. American representatives are keen on removing…

Djokovic Owns 80% Stake in Biotech Company Developing Non-Vaccine Covid Treatment, Report Shows

Tennis star Novak Djokovic and his wife own an 80 percent stake in a biotech company that is developing a non-vaccine-based treatment for COVID-19, according to a new report. The Djokovics are the majority shareholders in a Danish biotech firm QuantBioRes, the company’s boss said on Wednesday. The Serbian native…

BlackRock CEO Slams ‘Woke’ Business Agendas: ‘We Are Capitalists’

The CEO of BlackRock has slammed the rise of "woke" agendas in business, declaring that "we are capitalists." Larry Fink, the chief executive of the huge American multinational investment management corporation, warns there is no place for a "social or ideological agenda" in his industry. Fink blasted virtue-signaling politics in…