It is true that the technology industry has been hit hard by the economic impacts of the COVID-19 pandemic. Companies have had to re-evaluate their strategies and make difficult decisions to reduce costs and stay afloat. Some of the reasons for job cuts in the technology industry include: There are several reasons why companies in … Read more
WASHINGTON (AP) – President Joe Biden and his wife Jill made $610,702 in their first year in the White House and paid $150,439 in federal income taxes. That was a tax rate of 24.6% for 2021, well above the average of around 14% for all Americans. The totals were similar to the Bidens’ returns in … Read more
BILLS, Mon. (AP) — The Interior Department said Friday it is proceeding with the first onshore sales of public oil and natural gas well leases under President Joe Biden, but will sharply increase royalty payments for companies as federal officials scale up efforts to combat the Balancing climate change against the pressure to bring down … Read more
WASHINGTON (AP) – President Joe Biden and his wife Jill made $610,702 in their first year in the White House and paid $150,439 in federal income taxes. That was a rate of 24.6% for 2021, well above the average of around 14%. The totals were similar to the Bidens’ returns in 2020, when they said … Read more
A Bahrain-based private equity firm is in exclusive talks to buy seven-time European champions AC Milan and become the Italian league’s first investor in the Middle East, a person familiar with the process said. The Investcorp takeover could result in the Series A leader being sold for around €1 billion ($1.1 billion), the person told … Read more
Chicago Cubs owners dropped interest in buying Chelsea, leaving three remaining bids for the Premier League club’s forced sale by sanctioned Russian owner Roman Abramovich. The bid was spearheaded by Cubs chairman Tom Ricketts but faced opposition from Chelsea fans over anti-Islamic comments by his father Joe, which appeared in leaked emails three years ago. … Read more
MOSCOW – Russia’s defense ministry on Friday promised to increase “the scale of missile attacks” on Kyiv in response to “Ukraine’s diversions into Russian territory.” The statement comes a day after Russian authorities accused Ukrainian forces of carrying out airstrikes on residential buildings in one of the country’s border regions with Ukraine, injuring seven people. … Read more
SEOUL, South Korea (AP) — South Korea will lift most pandemic restrictions, including restrictions on indoor gatherings, as it slowly spirals out of an omicron outbreak that officials say is stabilizing. People are still required to wear masks indoors, but authorities could lift a mask mandate outdoors if the coronavirus slows further over the next … Read more
SALINAS, Calif. (AP) – Firefighters have contained a massive blaze at a food processing plant in central California that prompted authorities to order thousands of nearby residents to evacuate Thursday and tens of thousands more to stay in their homes . The fire broke out Wednesday night at the Taylor Farms lettuce factory in Salinas, … Read more
NEW YORK (AP) – Stocks fell and bond yields rose on Wall Street on Thursday as investors reviewed the latest economic data and corporate earnings amid ongoing concerns about inflation and rising interest rates. The S&P 500 was down 1% as of 3:44 p.m. ET, on course for its second straight weekly loss. The Dow … Read more