Category: Business

New York Sues Amazon Over Worker Safety During Pandemic

New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide. The suit from New York Attorney General Letitia James landed just days after Amazon preemptively sued to block the suit over its coronavirus safety protocols and the firing of one…


Ford’s Europe Car Lineup to Be All-Electric by 2030

LONDON—Ford Motor Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the U.S. automaker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles. The carmaker said it will invest $1 billion over the next 30 months to convert its vehicle…


Florida Congressman Urges NY Stock Exchange to Move to His State

Rep. Byron Donalds (R-Fla.) is urging the New York Stock Exchange (NYSE) to relocate to Florida, where he says there’s no danger that the company will be hit with a tax on stock trades. “We have a lot of nice land here in Southwest Florida. We can find a place for them right here in…


Florida Congressman Urges New York Stock Exchange to Move to Florida

Rep. Byron Donalds (R-Fla.) is urging the New York Stock Exchange (NYSE) to relocate to Florida, where he says there’s no danger the company will be hit with a tax on stock trades. “We have a lot of nice land here in Southwest Florida, we can find a place for them right here in the…


Massive Chip Shortage Fuels Calls for Bringing Production Back to US

WASHINGTON—The pandemic has exposed the fragility of global supply chains and the shortage of computer chips is the latest incident that forced many automakers across the world to halt production. Western governments are learning hard lessons from these disruptions, pushing to create more resilient and diverse supply chains. The Biden administration has also pledged to…


Massive Chip Shortage Fuels Calls to Bring Production Back to US

WASHINGTON—The pandemic has exposed the fragility of global supply chains, with the latest disruption being a global shortage of computer chips that has forced some automakers to cut or halt production. Western governments are learning hard lessons from these disruptions, pushing to create more resilient and diverse supply chains. The Biden administration has pledged to…


Marriott CEO Sorenson Dies After Battle With Cancer

Marriott International Chief Executive Officer Arne Sorenson, who was undergoing treatment for pancreatic cancer, has died, the company said on Tuesday. The first non-family member to head the hotel chain, Sorenson, 62, had earlier this month stepped back from full-time role to treat cancer that was diagnosed in 2019. Marriott said he died on Monday…


Bitcoin Vaults Above $50,000 for First Time Ever

LONDON—Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world’s biggest cryptocurrency is gaining acceptance amongst mainstream investors. Bitcoin hit a new high of $50,602 and was last up 5 percent at $50,300. It has risen around 72 percent so far this year, with…


Relaunched Parler’s Free Speech Vision More ‘Entrenched’ Than Ever Before: CEO

The official relaunch of social media platform Parler carries forward the company’s vision of being a space that protects free speech in a way that is “more firm and entrenched than ever before,” interim Chief Executive Mark Meckler told The Epoch Times. “Parler is back up online, and from our perspective, very healthy and robust. We…


Texas Oil Refineries Shut as Winter Storm Hits US Energy Sector

Freezing temperatures across Texas during the extended holiday weekend forced energy companies to shut oil refineries in the largest U.S. crude-producing state and restricted natural gas pipeline operations. The rare deep freeze prompted the state’s electric grid operator to impose rotating blackouts, leaving nearly 3 million customers without power. President Joe Biden declared an emergency…