EU leaders close in on recovery fund deal, Testing crunch warning, US economic rebound halted
EU leaders are closing in on a deal for a landmark coronavirus recovery package, the largest laboratory company in the US, Quest Diagnostics, has warned it will be impossible to increase coronavirus t...
21 Jul 202010min
Deadlock on EU recovery fund, Argentina’s plea to creditors, TikTok trouble
EU leaders spent the weekend locked in marathon summit talks over Europe’s proposed €750bn response to the coronavirus pandemic, and Albert Fernández, Argentina’s president, has made an impassioned ap...
20 Jul 202010min
US considers blacklist for TikTok, Netflix pandemic surge wanes, FBI investigates Twitter hack
The US is considering putting TikTok on a blacklist that would effectively prevent Americans from using the popular video app, Netflix warns investors that its pandemic related growth spurt is waning,...
17 Jul 20209min
Twitter accounts hacked, US vs Nord Stream 2, Apple victorious in EU battle over Irish back taxes
Twitter experienced an unprecedented hack on Wednesday when bitcoin scammers sent a series of tweets from hundreds of accounts, Opec and Russia move to start unwinding the record oil supply cuts agree...
16 Jul 20208min
US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses
President Donald Trump signed legislation on Tuesday that gives his administration more power to impose sanctions on Chinese officials, the Trump administration reversed its rule that international st...
15 Jul 20207min
EU to go after low-tax countries, California rolls back reopening plans, European summer tourism
Brussels is planning to pursue low-tax member states over their advantageous corporate tax regimes, California is rolling back its reopening effort due to a surge in Covid-19 cases, and US technology ...
14 Jul 20208min
UK to curb Huawei’s 5G role, WeWork says it’s on track for profits in 2021, OCC warning
Boris Johnson is set to unveil plans this week to phase Huawei out of the UK’s 5G mobile phone networks, WeWork’s executive chairman tells the Financial Times that the company is on track to have posi...
13 Jul 20209min
Banks and the Hong Kong autonomy act, Wirecard’s Jan Marsalek, Boohoo scrutiny
US and European banks in Hong Kong are conducting emergency audits of their clients to identify officials and corporates that could face possible US sanctions over the new national security law, the F...
10 Jul 20209min
