Airbnb Inc. is being asked to drop its sponsorship connections to next year’s Beijing’s Winter Olympics by a coalition of 150 human-rights campaigners. The coalition is headed by groups that oppose rights violations in China including the detention of Muslim Uyghurs in the Xinjiang region. Airbnb is one of the International Olympic Committee’s leading 15 sponsors….
Airbnb Asked to Drop Olympic Ties Over China Rights Issues
March 23, 2021
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BusinessChinaChina Human RightsChina-US NewsCompaniesInternationalMuslim UyghurssponsorshipUSUS NewsWinter OlympicsWorld
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Top Earners Dodge Taxes by Failing to Report 21 Percent of Their Income: Study
The top one percent of households by income fail to report 21 percent of their earnings to the Internal Revenue Service (IRS)—a level far higher than previous estimates—according to a joint study between the IRS and academics, who reached for new tools to gauge just how badly people cheat on their taxes. Studying the problem…
Top Earners Dodge Taxes by Failing to Report 21 Percent of Income: Study
The top 1 percent of U.S. households by income fail to report 21 percent of their earnings to the IRS—a level far higher than previous estimates—according to a joint study between the tax collection agency and academics, who reached for new tools to gauge just how much people avoid paying taxes. Studying the problem of…
GOP Reps Urge Biden to Pursue a Formal Free Trade Agreement With Taiwan
March 23, 2021
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Asia & Pacificbilateral tradeBusinessChinaChina-US NewscongressEconomieseconomyFree Trade AgreementPoliticsRepublicansU.S.-Taiwan relationsUSUS Newsus-taiwanWorld
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Almost two dozen GOP House representatives urged President Joe Biden to pursue a formal free trade agreement with Taiwan, citing economic and national security benefits amid influence from the Chinese Communist Party (CCP) in the Indo-Pacific region. In a letter on Monday, the lawmakers asked the Biden administration to submit for Senate approval a formal…
Teleco Giant Telstra Announces Next Step in Restructuring Plan
Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022. Telstra CEO Andrew Penn said in a market…
Telco Giant Telstra Announces Next Step in Restructuring Plan
Telstra is taking the next steps in its proposed corporate restructure with the telecommunications giant set to split into four branches under the new holding company, Telstra Group. The process is part of Telstra’s T22 strategy—a strategy started in 2018 to simplify operations and reduce costs by 2022. Telstra CEO Andrew Penn said in a market…
Existing Home Sales Drop Sharply; Prices Surge
WASHINGTON—Home sales fell more than expected in February as cold weather blanketed many parts of the country, and a rebound could be muted by rising mortgage rates as well as higher house prices amid tight supply. The National Association of Realtors said on Monday that existing home sales dropped 6.6 percent to a seasonally adjusted…
Amazon Unionization ‘Trench Warfare,’ Difficult in US System: Expert
The attempted unionization of Amazon warehouse workers in Alabama is tough work that won’t immediately lead to other organizing efforts if it’s successful, an expert on the company said. “It’s very difficult to unionize in high turnover workplaces. You have to get union cards signed to get an election, many of those people may have…
Federal $15 Minimum Wage Boost Would Have Huge Harmful Impact on Small Businesses: Entrepreneur, Expert
A Nebraska small business owner and an expert with the Heritage Foundation, a conservative think tank, told NTD News’ “The Nation Speaks” in a recent interview that a $15 federal minimum wage would have a major impact on many of the country’s small businesses, including forcing them to cut hours, replace human labor with automation, hitting them…
US Investment Giant Blackstone Bids for Troubled Australian Casino Group Crown
An $8 billion offer for gaming giant Crown Resorts from a US investment fund could be good news for shareholders of the troubled group, according to a market expert. U.S. private equity group Blackstone has made an unsolicited, non-binding offer of $11.85 cash per share. The offer represents a premium of 19 per cent to Crown’s weighted…
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