Tag: Government business and finance
Fed to end relaxed capital requirements for large banks
WASHINGTON — The Federal Reserve says it will restore capital requirements for large banks that were relaxed as part of the Fed’s efforts to...
Congressional Democrats push $50B bill for nonprofits
Congressional Democrats are pushing a federal bill that would give nonprofits $50 billion to help them retain employees, hire newly unemployed workers and expand...
Critics say rail facility bailout would help Hoeven’s bank
BISMARCK, N.D. — North Dakota’s Republican-led Legislature is considering giving $10 million to an intermodal rail facility, a move backers say will reduce shipping...
Last Texas power regulator from February blackouts resigns
AUSTIN, Texas — The last Texas regulator on the Public Utility Commission at the time of the deadly February blackouts has resigned, Gov. Greg...
Greece issues 30-year bond to smooth debt costs
ATHENS, Greece — Greece on Wednesday launched a 30-year government bond auction, hoping to take advantage of low interest rates to improve its debt...
West African court allows extradition to US of Venezuelan
LISBON, Portugal — Cape Verde’s Supreme Court ruled Wednesday that a businessman close to Venezuelan President Nicolás Maduro who was arrested last year in...
Senate confirms Katherine Tai as Biden’s top trade envoy
WASHINGTON — The Senate confirmed Katherine Tai as the top U.S. trade envoy in an overwhelming bipartisan vote on Wednesday . She will be...
Founder of Chinese e-commerce firm Pinduoduo departs
HONG KONG — Colin Huang, founder of the Chinese e-commerce firm Pinduoduo, stepped down as chairman Wednesday just as the company’s annual user base...
EU chief warns of action to protect pledged vaccine supplies
BRUSSELS — The European Union’s chief executive warned Wednesday that the EU would not hesitate to take action, including possible export restrictions, to ensure...
EXPLAINER: How Uber UK case could foreshadow gig work revamp
LONDON — Ride hailing giant Uber says it's giving U.K. drivers benefits like minimum wage and pensions, after losing a yearslong court battle to...
