Myanmar's military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to sources including one U.S. government official.
Business & Financial News, U.S & International Breaking News
Biden seeks dismissal of 'sanctuary' funding dispute at Supreme Court
President Joe Biden's administration on Thursday asked the U.S. Supreme Court to dismiss three pending appeals on former President Donald Trump's effort to withhold millions of dollars in law enforcement funds from states and cities that refused to cooperate with federal immigration authorities.
Ashes and grief: the pandemic's footprint in a Los Angeles crematorium
A cremation chamber, like a large stove with golden doors, sits in a room with dimmed lights, a few brooms and a cart with heat protective gear.
Texas electric industry financial crisis to grow as more costs surface
The Texas electricity market faces "insurmountable distress" as more gas and service bills come due, power industry officials said on Thursday at a hearing into financial fallout from the state's February blackout.
The young Afghan media worker who risked all for women's rights
Last December, Afghan media worker Shahnaz Mohmand rushed to comfort her female colleagues as they reeled in shock after fellow employee Malala Maiwand was shot dead in the eastern city of Jalalabad.
Pandemic shoots up costs for Costco, profit misses estimates
Costco Wholesale Corp missed analysts' estimates for second-quarter profit on Thursday, as the warehouse club operator spent more on employee benefits who worked through the COVID-19 pandemic and sanitizing its stores.
Saudi prince pushes on with $500 billion megacity as U.S. points the finger over Khashoggi killing
It seems an unlikely vision, a megacity in the desert with no cars or roads, all run by machines that can recognise your face.
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