Chinese Companies to Face More Scrutiny as Bill Clears House

WASHINGTON — The House of Representatives passed legislation Wednesday that will increase oversight of Chinese companies listed on American stock markets, the latest attempt by the United States to scrutinize financial ties with China. The bill, called the Holding Foreign Companies Accountable Act, would require companies listed on American exchanges to disclose more information about any ties to foreign governments […]

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Putting your money in the right place could just put the world right

The coronavirus pandemic has resulted in seismic shifts in human behaviour globally and has had a significant – and positive – impact on the environment. Air pollution, for example, has dropped by nearly 50 per cent in New York, while carbon emissions in China fell by around 25 per cent when it was on partial lockdown at the beginning of […]

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FedEx to Acquire ShopRunner to Expand E-commerce Capabilities

FedEx Corp. said Wednesday it has agreed to acquire ShopRunner, the e-commerce platform that connects online shoppers with merchants and brands. The parties anticipate the acquisition to close by the end of the calendar year, subject to customary closing conditions, including regulatory approval. Terms of the deal weren’t disclosed. Headquartered in Chicago, ShopRunner will operate as a subsidiary of FedEx […]

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P.P.P. Loan Data Shows How a Sliver of Borrowers Got Much of the Help

More than five million companies received loans under the federal government’s signature relief program for small businesses reeling from the pandemic, but a tiny fraction of those companies gobbled up vast sums of money, newly released data shows. Detailed loan information released by the Small Business Administration late on Tuesday showed that about 600 businesses received loans of $10 million, […]

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Singapore Approves a Lab-Grown Meat Product, a Global First

HONG KONG — First, meat came from farms and forests. Then, it came from factories. More recently, entrepreneurs have been making it from plants. Some have wondered whether there’s a more advanced approach: Could meat be grown in a laboratory, from existing cells? That effort has faced multiple challenges, from skepticism over something that comes from a lab to questions […]

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Tony Hsieh, retired Zappos CEO, dies at 46

LAS VEGAS (AP) — Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com who spent years working to transform the city’s downtown area, has died. He was 46. Hsieh was with family when he died Friday, according to a statement from DTP Companies, which he founded. Downtown Partnership spokesperson Megan Fazio said Hsieh passed away in Connecticut, […]

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Drugmaker Merck divests stake in vaccine-maker Moderna

FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid/File Photo(Reuters) – U.S. drugmaker Merck & Co said on Wednesday it has sold its equity investment in Moderna Inc, after benefiting from a surge in the stock price of the vaccine developer this year. […]

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Futures ease after S&P 500, Nasdaq hit record highs

FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo(Reuters) – U.S. stock index futures pulled back on Wednesday after the S&P 500 and the Nasdaq closed at record levels, with investors awaiting a report on monthly private job creation that will provide […]

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Stocks rest after vaccine progress, dollar stuck at two-and-a-half-year low

LONDON (Reuters) – World stocks hovered near record highs on Wednesday on hopes for a coronavirus vaccine and additional U.S. economic stimulus, though enthusiasm for riskier assets left the dollar stuck at a 2-1/2 year low.FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in […]

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