Amazon on Friday sued New York’s attorney general, alleging her probe of its treatment of warehouse workers is illegal. “The OAG has now threatened to sue Amazon if it does not immediately agree to a list of demands, many of which have no connection to health and safety and have no factual or legal basis,”…
Amazon Sues New York Attorney General Letitia James Over Threat of Legal Action
Vodafone Germany Suspends China TV From Cable
BERLIN—Vodafone Germany has had to stop distributing China’s state-owned CGTN television on its cable services as a result of a media row between Britain and China. The unit of British telecoms group Vodafone said on Friday it hoped to restore CGTN to its services, but that it currently did not have a valid license to…
The Chinese Military Network Behind the World’s Third-Largest Cell Phone Maker
Xiaomi, the world’s third-largest cell phone maker and China’s second-largest, denied its connections to the military after it was blacklisted by the Trump administration as a military-owned company controlled by the CCP, but a closer look at the background and connections of its founder and CEO, Lei Jun, led to the discovery of a huge…
US Jobless Claims Fall Slightly to 793,000 With Layoffs High
WASHINGTON—The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections. Last week’s total declined from 812,000 the previous week, the Labor Department said Thursday. That figure was revised higher from the previously reported 779,000. The numbers point to…
US Chip Industry Calls on Biden Administration to Fund Factories
February 11, 2021
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A group of U.S. chip companies on Thursday sent a letter to President Joe Biden urging him to provide “substantial funding for incentives for semiconductor manufacturing” as part of his economic recovery and infrastructure plans. The chief executives of major U.S. firms such as Intel Corp., Qualcomm Inc., Micron Technology Inc., and Advanced Micro Devices…
US Weekly Jobless Claims Hover at Higher Levels
WASHINGTON—The number of Americans filing new applications for unemployment benefits fell slightly last week as the labor market continued to tread water, but a drop in new COVID-19 cases has raised cautious optimism that momentum could pick up by the spring. The weekly unemployment claims report from the Labor Department on Feb. 11, the most…
Citing China Threat, Business Groups, Experts Push Biden Administration for Digital Policy
February 11, 2021
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WASHINGTON—The Biden administration needs to develop an aggressive, coherent digital policy to counter China’s growing technological power, industry groups and former U.S. officials say. The White House should increase broadband access in the United States, help U.S. companies sell abroad, and take the lead on global data and technology policy worldwide—or risk U.S. tech companies…
States Push to Rein in Big Tech as Federal Gears Grind Slow
States are moving with urgency in seeking to rein in alleged abuses by Big Tech companies, while the federal government is preoccupied with COVID-19 relief and former President Donald Trump’s impeachment trial. Spurred by various motivations, like fighting censorship, shoring up data privacy protections of constituents, or looking to punish or raise revenue from cash-flush…
US January Budget Deficit Hits Record $163 Billion as New Aid Checks Sent Out
WASHINGTON—The U.S. government posted a budget deficit of $163 billion in January, a record high for the month and a $130 billion jump from the deficit in the same month last year, as a new round of direct payments to individuals were distributed, the Treasury said on Wednesday. Receipts for January rose 3 percent from…
Commerzbank Reports $3.3 Billion Q4 Loss as It Counts Cost of Restructuring, Pandemic
FRANKFURT—Germany’s Commerzbank reported a $3.3 billion fourth-quarter loss on Thursday, sinking further into the red as it continued a major restructuring and dealt with the fallout of the COVID-19 pandemic. Its shares fell nearly 6 percent in mid-morning trade. Germany’s No. 2 bank also said it would swiftly implement plans to cut 10,000 jobs and…
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