Business & Financial News, U.S & International Breaking News

The Chinese military has banned Tesla cars from entering its housing complexes, citing security concerns over the cameras installed on the vehicles, according to two people who saw notices of the directive.

President Joe Biden has tapped former U.S. senator and astronaut Bill Nelson to lead the National Aeronautics and Space Administration, the White House said in a statement on Friday.

Yemen's Houthis say a U.S. plan for a ceasefire in their six-year war against a Saudi-led military coalition does not go far enough, and are ramping up pressure on Riyadh to lift a sea and air blockade before any truce deal is agreed.

Senate Finance Committee Chairman Ron Wyden, a Democrat who has been called both pro-trade and pro-labor, now holds major sway over President Joe Biden's trade agenda, with his buy-in needed to advance trade agreements in Congress.

Big U.S. banks will have to resume holding an extra layer of loss-absorbing capital against U.S. Treasuries and central bank deposits from next month after the Federal Reserve said on Friday it would not extend a temporary pandemic regulatory break due to expire this month.

Struggling to get its vaccine campaign and economic recovery plan in gear, Europe can only watch with envy the stratospheric growth path projected for the stimulus-fueled U.S. economy.