EconomyWith

Penalty is equivalent to about 4 percent of Alibaba’s revenues in 2019 and comes unprecedented regulatory crackdown.

The high point of Ingenuity’s coming of age story is about to begin.

Armies of online volunteers have taken it upon themselves to help total strangers navigate myriad US vaccine systems.

Voters in Ecuador are set to choose between Andres Arauz and Guillermo Lasso in Sunday’s run-off election.

Even after vaccinations are widespread, a small COVID outbreak anywhere can jeopardise economic gains, officials warned.

We gather the numbers to know from the week’s biggest economic news stories so you can impress your friends.

Workers at an Amazon warehouse in Bessemer, Alabama have voted against unionising, according to an unofficial tally.

A study by researchers in California found Facebook’s tools can disproportionately direct ads to a particular gender.

Johnson & Johnson is working with EU regulators to assess data on the rare clots, the company said in a statement.

The $3.8bn pipeline crosses beneath the Missouri River just north of the Standing Rock Sioux Reservation.

US carriers parked a combined 67 of the workhorse planes Friday, about a third of the MAX jets currently in service.

The US president’s first proposed budget marks sharp changes from Donald Trump’s spending priorities.

India’s daily cases continue to rise, African Union explores AstraZeneca alternatives and updates on COVAX deliveries.

Rapidly rising producer prices, driven by higher energy costs, raise concerns of accelerating global inflation.

New bill addresses economic competition with China while also addressing human rights concerns over Xinjiang, Hong Kong.

UK government’s traffic light COVID risk ranking system will make overseas flights too expensive, airline group says.

The American Jobs Plan appears popular, but raising corporate taxes to pay for it is not seen by all as a silver bullet.

The US Federal Reserve chairman expressed concern about an ‘uneven’ US and global recovery at an IMF debate on Thursday.

The Food and Agriculture Organization’s food price index averaged 118.5 points last month, versus 116.1 in February.

India wants to move from being a producer of raw materials for electric batteries to making some of their key parts.

Nike had sued maker of devil-themed sneaker promoted by rapper Lil Nas X for trademark infringement.

About 5,800 Amazon workers were eligible to vote on a proposal to join the Retail, Wholesale and Department Store Union.

Biden administration is considering a pledge to cut US greenhouse gas emissions 50 percent or more by 2030, say sources.

Main opposition parties boycotted the vote leaving a 56-year-old political newcomer as incumbent’s only challenger.

HSBC and Wells Fargo are among lenders that have closed accounts with Lebanon’s central bank, sources told Reuters news.

Low-income Americans are now bearing the brunt of price increases as the US economy recovers.

Muslim Advocates says Facebook fails to police speech, especially ‘pervasive’ anti-Muslim attacks.

Expats who quit the UK are pleasantly surprised by the positive changes that took place during their absence.

The US Department of Labor said Thursday that applications for benefits increased by 16,000 from 728,000 a week earlier.

John Kerry says US president plans to order firms to reveal climate change risks, as IMF launches climate dashboard.

Both the IMF managing director and World Bank president warned of growing global economic inequality on Wednesday.

Following success of audio chat service Clubhouse, Facebook and Twitter are testing their own live audio products.

While many environmentalists see big steps in the right direction, some say Biden’s proposal isn’t ambitious enough.

Router makers face the same chip shortage suffered by car companies, as tech firms struggle with supply disruptions.

US president says he is open to negotiating corporate tax increases to pay for $2 trillion in new public investments.

The new initiative would focus on ‘systematically changing whole economies,’ a source tells Reuters.

Walmart shook up the banking world earlier this year when it announced plans to set up a financial technology firm.

The Fed’s policymaking committee voted in March to continue bond purchases and keep a near-zero interest rate.

‘This issue is not political,’ executives from four major companies wrote in an open letter published Wednesday.

Being open to new solutions, empathising, speaking up for the vulnerable are proving key to solving emerging challenges.

Private prisons in the US are facing a slew of financing issues, but new allies seem to be emerging on Wall Street.

Inuit Ataqatigiit leader says mining complex at Kvanefjeld ‘won’t happen’ after landmark election win.

In annual letter to shareholders, Dimon sees a sustained boom for the US economy but warns of profound inequalities.

Erdogan says Turkey is committed to bringing inflation and interest rates down to single digits.

Latest census due out in days will show whether China’s birth rate continues to fall.

Fight between Australia and Facebook over new law forcing tech platforms to pay local news outlets highlights issue.

The IMF is considering $650bn in new Special Drawing Rights to help poorer countries and support global recovery.

The IMF’s chief economist urged governments to continue fiscal support and ensure that vaccines are available to all.

Plan unveiled by Greek PM Mitsotakis aims to make Greece greener and more efficient – and to crack down on tax cheats.

Special purpose acquisition companies have raised about $100bn so far this year in the US but now face tighter scrutiny.