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News Ticker
  • [ March 14, 2023 ] HRW: Several Thousand Ukrainian Children ‘Forcibly Relocated to Russia’ NGO
  • [ March 14, 2023 ] US Space Program Budget Higher Than the Rest of the World Combined  Technology
  • [ March 14, 2023 ] White House: Saudi and Iran Relations Not Adverse to US Interests Foreign Policy
  • [ March 14, 2023 ] The GOP’s Bubble of Trump Denial Politics
  • [ March 14, 2023 ] Child Labor Laws Are Under Attack in States Across the Country Business
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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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Business

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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Business

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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Business

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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Business

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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Business

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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Business

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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Business

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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Business

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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Business

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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Business

Big Tech earnings show industry taking some hits

February 3, 2023 Maja Popovska

Big Tech has Wall Street feeling down.  Big Tech failed to ease Wall Street’s concerns about slowing growth and the challenges the industry faces amid global economic uncertainty. This week’s earnings reports confirmed that Big […]

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Business

Netflix Cracks Down On Password Sharing 

February 2, 2023 Maja Popovska

Are you still watching?  Many may no longer be on Netflix.  The era of Netflix password sharing is coming to an end.  The streaming giant lost subscribers for the first time in a decade last […]

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Business

War in Ukraine Pushes US Arms Sales Up 49 Pct in Fiscal 2022

January 26, 2023 Elizabeta Bozinovska

The United States registered a major uptick in arms sales to other countries in 2022, jumping from $34.8 billion in sales sales arranged through the US government in 2021 to more than $51.9 billion largely […]

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Business

Tesla Defends Price Cuts with Reports of Record Profit

January 26, 2023 Elizabeta Bozinovska

Tesla on Wednesday reported a record net income of $3.69 billion and revenue of $24.3 billion for the fourth quarter – up 59% and 37%, respectively, from a year earlier – and sold 405,278 vehicles, […]

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Business

Real Estate Future Forum Kicks Off in Riyadh 

January 24, 2023 Elizabeta Bozinovska

The Real Estate Future Forum began in Riyadh, Saudi Arabia on Monday. On the first day of the industry conference in Saudi Arabia, real estate agreements totaling more than $2.66 billion were inked. The collaboration agreements […]

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Business

Davos Ends With Criticism Over Attendees’ Private Jet Usage

January 24, 2023 Elizabeta Bozinovska

At least 150 private jets flew business executives, billionaires, government officials, and celebrities into the World Economic Forum summit this year. Participants of the World Economic Forum at Davos said they were committed to fighting climate […]

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  • Ukrainian children
    HRW: Several Thousand Ukrainian Children ‘Forcibly Relocated to Russia’
    March 14, 2023
  • space
    US Space Program Budget Higher Than the Rest of the World Combined 
    March 14, 2023
  • White House: Saudi and Iran Relations Not Adverse to US Interests
    March 14, 2023
  • The GOP’s Bubble of Trump Denial
    March 14, 2023
  • Child Labor Laws Are Under Attack in States Across the Country
    March 14, 2023

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