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News Ticker
  • [ September 22, 2023 ] Senior US Diplomat Says Relationship with Saudi Arabia in Very Good Shape Foreign Policy
  • [ September 22, 2023 ] State Department Charges Former Contractor with Espionage Administration
  • [ September 21, 2023 ] Washington to Support EU Windfall Tax on Frozen Russian Assets Administration
  • [ September 21, 2023 ] Ukraine Fight Can Be Sustained, Claims General Milley Foreign Policy
  • [ September 20, 2023 ] Nagorno-Karabakh Announces Ceasefire with Azerbaijan While Baku Declares Victory Politics
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New Low in Russia-US Trade, US Census Bureau’s Data Shows

September 18, 2023 Elizabeta Bozinovska

According to data from the US Census Bureau, trade turnover between Russia and the US plummeted in July amounted to $277.3 million, plunging to its lowest level since the start of the Ukraine conflict, the […]

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Business

US Auto Workers Union to Stage Historic First Strike at ‘Big Three’ Plants

September 15, 2023 Elizabeta Bozinovska

Strikes at plants of the US “big three” automakers – Ford, Stellantis (which owns Chrysler), and General Motors – started last night at midnight for the first time in the union’s history after Detroit’s Big […]

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Binance Could Exit Russia, WSJ Claims

August 29, 2023 Elizabeta Bozinovska

In response to regulatory challenges that Binance is facing within the country, the world’s largest cryptocurrency exchange by trading volume is considering a complete withdrawal from the Russian market, the Wall Street Journal reports. Without […]

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Reducing Reliance on Dollar in the Focus of BRICS Summit, South Africa’s Mashatile said

August 22, 2023 Elizabeta Bozinovska

Leaders of the BRICS bloc – Brazil, Russia, India, China, and South Africa- will put reducing the dependence on the US dollar in the focus of their discussion during the bloc’s 15. Summit that started […]

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Business

Bloomberg Lists Ruble in Top Three Worst Performing Emerging-Market Currencies

August 10, 2023 Elizabeta Bozinovska

Citing calculations based on trading data, Bloomberg listed the Russian ruble among the three worst performing emerging-market currencies – alongside the Turkish lira and the Argentine peso – due to the depreciation in recent weeks. […]

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Microsoft Under EU Commission Investigation Over Alleged Bundling of Teams

July 27, 2023 Elizabeta Bozinovska

Concerns that Microsoft might have bundled its productivity software part of the Office package with its collaboration product Teams prompted the European Commission to open a formal investigation on Thursday. The European Commission’s decision stems […]

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Child Labor Laws Are Under Attack in States Across the Country

March 14, 2023 Elizabeta Bozinovska

States across the U.S. are dismantling long-standing child labor laws. Legislators in Republican states are invoking a widespread labor shortage to push bills that would weaken child labor laws. Some bills go beyond expanding eligibility or […]

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Business

US Dominates Arms Exports, Saudi Arabia in Top 10 Importers 

March 13, 2023 Elizabeta Bozinovska

The United States’ share of global arms exports rose to 40 percent from 33 percent in the past five years. Saudi Arabia, Qatar, and Egypt ranked among the top ten largest importers of weapons in the […]

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Business

Women in the Workforce Have Rebounded, But They’re Still Facing Big Headwinds

March 13, 2023 Elizabeta Bozinovska

The number of women in the workforce in February was higher than pre-pandemic levels for the first time. According to the latest jobs data, the number of women in the workforce rebounded. However, they still face […]

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Business

Saudi Aramco Reports Monster 46% Increase in Profit on Crude Prices

March 12, 2023 Elizabeta Bozinovska

The world’s largest oil-exporting company and second most valuable firm, Saudi Aramco reported record-high earnings for 2022 driven by higher crude prices. Saudi oil giant’s regulatory filing on Sunday to the Tadawul stock exchange, where […]

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SVB Collapse Forces US to Seek Ways to Secure Bank Deposits

March 12, 2023 Elizabeta Bozinovska

The collapse of Silicon Valley Bank (SVB) on Friday in the largest bank failure in the US since the 2008 financial crisis has shaken the US regulators who are afraid that more insolvencies could follow […]

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US Regulators Seized Silicon Valley Bank, Put It Into Receivership

March 11, 2023 Elizabeta Bozinovska

The tech-heavy lender Silicon Valley Bank (SVB) Financial Group was closed on Friday by California banking regulators in the largest bank failure in the US since Washington Mutual during the height of the 2008 financial […]

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Maker of Unproven Birth Drug Makena to Pull from U.S. Market

March 9, 2023 Elizabeta Bozinovska

The maker of an unproven drug Makena intended to prevent premature births says it will voluntarily remove the product from the U.S. It comes as regulators signaled plans to follow through on a long-delayed effort […]

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Business

Saudi Aramco to Hike Oil Prices for Europe and Asia for April

March 8, 2023 Elizabeta Bozinovska

The world’s top crude exporter Saudi Arabia signaled over the weekend it sees Asia and Europe’s oil demand picking up by raising most prices for crude shipments to the regions for the second month in […]

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Business

Larry Summers Warns Economy Could Still Have Recession

March 7, 2023 Elizabeta Bozinovska

The economy still risks falling into a recession, former Treasury Secretary Larry Summers warned. The U.S. economy could face a “Wile E. Coyote moment” as it seeks to tame inflation with interest rate hikes, Summers said.  […]

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Business

Meta Plans Thousands of More Cuts After Widespread Layoffs

March 7, 2023 Elizabeta Bozinovska

Meta’s latest round of layoffs could hit as soon as this week. The parent company of Facebook and Meta could be laying off thousands of staffers. The company is trying to finalize its headcount before CEO […]

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Business

Toblerone to drop Matterhorn Logo as It’s No Longer Made in Switzerland

March 6, 2023 Elizabeta Bozinovska

Toblerone chocolate is about to look a bit different. The famous Toberlone chocolate is to lose the image of the Matterhorn mountain peak from its branding due to a change in where it is made. Originally […]

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Business

House Votes to Block ESG Investment Rule in Latest Culture

March 1, 2023 Elizabeta Bozinovska

In the latest in a series of efforts by Republicans to stop what they call “woke” investment decisions, the House voted to block a Biden administration rule that allows retirement plans to consider environmental, social, […]

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Saudi Economy Expected to Grow 3% in 2023

February 28, 2023 Elizabeta Bozinovska

Saudi Arabia’s economy is expected to grow by 3 percent in 2023. The economic growth is expected to be due to a robust non-oil sector, according to a forecast by Riyad Capital.  The Riyad Capital forecast […]

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Business

EU Shows Openness Toward Crypto In Turnaround

February 27, 2023 Elizabeta Bozinovska

The Crypto industry has a new focus: Europe. Crypto lobbyists are in the midst of an intensifying battle with U.S. regulators. Now that Europe wants their business, they may have an extra edge.  Tough capital rules […]

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Amazon Closes $3.9 Billion Deal to Acquire One Medical

February 23, 2023 Elizabeta Bozinovska

Amazon closed its acquisition of healthcare provider One Medical and its parent in a $3.9 billion deal.  The landmark deal will turn the e-commerce giant into a provider of primary medical care with access to […]

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Companies Can’t Enforce Silence for Severance Pay, Labor Board Rules

February 22, 2023 Elizabeta Bozinovska

Companies can no longer offer severance agreements that prevent employees from making disparaging remarks about their former employer, the National Labor Relations Board ruled. It reverses a Trump-era ruling.  Companies cannot require employees to waive […]

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Amazon Academy Seeks to Develop over 30,000 Saudi Citizens for Job Market

February 21, 2023 Elizabeta Bozinovska

The Amazon Academy Program is launching in Saudi Arabia to train and certify trainees in the digital field. The program aims to develop more than 30,000 trainees with digital skills that are much sought after in […]

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Starbucks Vanilla Drinks Recalled Over Fears It May Contain Glass

February 20, 2023 Elizabeta Bozinovska

Hundreds of thousands of Starbucks Vanilla Frappuccinos have been recalled after the distributor warned the drinks may contain glass in them. The frappuccino drink is not sold in Starbucks stores but rather is distributed in supermarkets […]

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Companies to Get Warned Directly Against Evading US’s Russia Sanctions

February 19, 2023 Elizabeta Bozinovska

As Washington seeks to further squeeze Russia’s economy, Deputy Treasury Secretary Wally Adeyemo said Saturday that Washington will directly warn companies against evading US-imposed sanctions on Russia over the war in Ukraine. Citing specific concerns […]

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Business

US Slaughterhouses Illegally Employed Children for Hazardous Jobs

February 19, 2023 Elizabeta Bozinovska

The US Department of Labor has found that one of the nation’s largest food safety sanitation services providers, US cleaning contractor Packers Sanitation Services Inc. (PSSI), has illegally employed children in slaughterhouses, one of the […]

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Business

Starbucks Barred from Firing Union Supporters by Nationwide Order

February 18, 2023 Elizabeta Bozinovska

In a ruling on Friday, Starbucks was barred by a federal judge-issued order from firing workers who are trying to unionize, also ordering the company to rehire a former employee who was allegedly fired over […]

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Business

Saudi Arabia Pours Money Into Gaming

February 17, 2023 Elizabeta Bozinovska

Saudi Arabia is looking to invest billions into the gaming industry. It recently increased its investment in EA and Take-Two Interactive while pouring more money into esports as well. A series of financial disclosures this week […]

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Business

Saudi Ports Authority and Maersk to Develop $346m Logistics Park at Jeddah Port

February 16, 2023 Elizabeta Bozinovska

The Saudi Ports Authority and Danish shipping company Maersk announced the establishment of the Middle East’s “largest logistics park” at the Jeddah Islamic Port. The Saudi Ports Authority, also known as Mawani, announced the new […]

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Business

New ‘Flex Index’ database shows companies’ remote work policies

February 8, 2023 Maja Popovska

A company that focuses on hybrid work has released its first report on flexible work trends. A new tool called The Flex Index has launched this week to try and make employers’ flexible work policies […]

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  • Senior US Diplomat Says Relationship with Saudi Arabia in Very Good Shape
    September 22, 2023
  • State Department Charges Former Contractor with Espionage
    September 22, 2023
  • Washington to Support EU Windfall Tax on Frozen Russian Assets
    September 21, 2023
  • Ukraine Fight Can Be Sustained, Claims General Milley
    September 21, 2023
  • Nagorno-Karabakh Announces Ceasefire with Azerbaijan While Baku Declares Victory
    September 20, 2023

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