President-elect Joe Biden will formally introduce his top economic policy advisers today as his administration prepares to take power amid a slowing economic recovery hampered by the resurgent coronavirus pandemic.
Business & Financial News, U.S & International Breaking News
World shares rise on recovery hopes, following stellar November
World shares edged up to just below record peaks on Tuesday after robust China data boosted expectations of a recovery from the COVID-19 downturn and as drugmakers seek fast approval for their vaccines and authorities look set to keep stimulus support.
U.S. coronavirus adviser Scott Atlas resigns
Dr. Scott Atlas has resigned as special adviser on the coronavirus to President Donald Trump, a White House official said on Monday, after a controversial four months during which he clashed repeatedly with other members of the coronavirus task force.
No-trade deal Brexit is still possible, UK minister says
A senior British minister said on Tuesday there was still a chance of a turbulent Brexit without a trade deal as talks with the European Union had snagged on fishing, governance rules and dispute resolution.
U.S. capital may end weekend subway service in 2021
The subway system serving the U.S. capital region may be forced to make devastating cuts in 2021, including ending weekend services, closing 19 stations and shrinking weekday operations if Congress does not approve additional assistance.
U.S. imposes sanctions on Chinese firm accused of undermining democracy in Venezuela
The United States imposed sanctions on Monday on Chinese firm China National Electronics Import & Export Corporation (CEIEC), accusing it of supporting Venezuelan President Nicolas Maduro's efforts to undermine democracy.
Chinese embassy says Australia 'misread' offending social media post
China's embassy in Australia said politicians there had "misread" a tweet showing a digitally-altered image of an Australian soldier holding a bloodied knife to the throat of an Afghan child, and were trying to stoke nationalism.
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