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The United Kingdom’s competition watchdog has launched an investigation into Apple after app developers complained that they’re being forced to use the company’s payment systems and distribute their products via its App Store. The Competition and Markets Authority said Thursday that it will examine whether Apple is making developers agree to “unfair or anti-competitive” terms
Continue ReadingLt. Gen. Russel Honoré has briefed senior members of Congress on his independent review of security at the US Capitol and submitted draft recommendations for sweeping changes to bolster protections for lawmakers after the January 6 insurrection, two sources with direct knowledge of his findings told CNN. The review recommends establishing a quick reaction force
Continue ReadingPresident Joe Biden has agreed to a compromise with moderate Democrats to narrow the income eligibility for the next round of $1,400 stimulus checks that are included in a bill the Senate is expected to take up this week, a Democratic source told CNN Wednesday. That means 7 million fewer families will receive a partial
Continue ReadingAt least one person has been shot dead and two others injured as hundreds of kidnapped Nigerian schoolgirls who had been released were reunited with their parents, eyewitnesses told CNN. The girls were abducted on Friday by armed men who raided their state-run school in Nigeria’s northwest Zamfara State, police said. A spokesman for the
Continue ReadingThe last three days have been a frantic rush to the finish line as Senate Majority Leader Chuck Schumer faces his first big test to keep his caucus — a diverse coalition that includes the likes of West Virginia’s Joe Manchin and Vermont’s Bernie Sanders — in line to support the Covid-19 relief bill. The
Continue ReadingCentral banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate crisis to the list. On Wednesday, the Bank of England was given a new mandate to support the UK government’s ambition to become a net zero economy by 2050. “I am today updating the
Continue ReadingParamount is one of the most iconic studios in Hollywood, but can the name “Paramount” translate to streaming? ViacomCBS is banking on it. Paramount+, the rebranded service from ViacomCBS, launches Thursday with a lot of content from the company’s biggest brands, including TV shows and movies from Paramount Pictures, CBS, Nickelodeon, and MTV as well
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The Senate is negotiating how much to adjust the Democrats’ massive coronavirus relief package that passed the House last week. While the final Senate bill has not been released yet, lawmakers are expected to make two major changes — narrowing eligibility for the stimulus checks and nixing an increase in the federal minimum wage to
Continue ReadingThe Disney Store, once a mall mainstay, is drastically reducing the number of locations it has in the United States and Canada. Disney said it’s closing at least 60 stores in North America, amounting to about 35% of its locations in the region. Moving forward, Disney is placing a larger emphasis on its e-commerce business
Continue ReadingA 15-year-old boy who was shot Monday at a junior high school in Pine Bluff, Arkansas, has died from his injuries, police said. The teen was pronounced dead Wednesday evening, Pine Bluff police said in a prepared statement. Monday’s shooting happened at Watson Chapel Junior High in Pine Bluff, a city of about 43,000 people
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In the wake of the GameStop stock trading frenzy, the Biden administration recently said it’s worth evaluating the impact of a tax on financial transactions, which would include the purchases and sales of stocks, bonds and derivative contracts, such as options and futures. Some claim such a tax could stabilize markets and raise revenue. They
Continue ReadingFewer than a third of prominent pro-democracy activists charged under a new national security law were granted bail Thursday after a hearing at a Hong Kong court. The 15 defendants included ex-lawmakers Kwok Ka-ki, Jeremy Tam and Helena Wong, chief magistrate Victor So said. All the remaining 32 defendants, including former law professor Benny Tai
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Much of the Republican Party — despite the deaths of more than half a million Americans — still acts as though the pandemic is more a platform for political grandstanding than the worst national crisis since World War II. New ideological divides are being exposed with President Joe Biden’s huge Covid-19 relief bill coming up
Continue ReadingHong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as a global business hub. On Wednesday, the Heritage Foundation, a conservative Washington think tank, revealed its annual ranking of the world’s freest economies, leaving the former British colony off the list.
Continue ReadingGlobal stocks are falling as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index led losses in Asia Pacific, tumbling nearly 2.2% on Thursday. The Shanghai Composite and Japan’s Nikkei 225 each fell roughly 2.1%, while South Korea’s Kospi and Australia’s S&P/ASX 200 lost 1.3% and 0.8%, respectively. European stocks fell in
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Prince Philip, the 99-year-old husband of Queen Elizabeth II, underwent a medical procedure for a heart condition on Wednesday, Buckingham Palace said in a statement Thursday. “The Duke of Edinburgh yesterday underwent a successful procedure for a pre-existing heart condition at St Bartholomew’s Hospital,” the statement read. “His Royal Highness will remain in hospital for
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Meghan, the Duchess of Sussex, has accused Buckingham Palace of “perpetuating falsehoods” against her and husband Prince Harry in an explosive clip from an interview with Oprah Winfrey that is due to be aired on Sunday. In the clip released on Wednesday night, Winfrey asks Meghan: “How do you feel about the palace hearing you
Continue ReadingEven for a volcanic island accustomed to the occasional tremor, this has been an unusual week for Iceland. According to the Icelandic Meteorological Office, around 17,000 earthquakes have hit the southwestern region of Reykjanes over the past week. The largest quake, a magnitude 5.6 on the Richter scale, occurred on the morning of February 24.
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Buckingham Palace said Wednesday it would investigate allegations that Meghan, the Duchess of Sussex, bullied several staff members after a British media report cited unnamed royal aides saying a complaint had been made against her in 2018. The Times in the UK published an article on Tuesday citing sources who said that the complaint claimed
Continue ReadingChicago Mayor Lori Lightfoot and city officials unveiled a series of proposals to reform the city’s policy and procedures on search warrants in the fallout of a botched raid on the home of a social worker in 2019. Lightfoot, along with Chicago Police Superintendent David Brown, emphasized that the proposal requires that any individual who
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