Economy

Biden supply chain ‘strike force’ to target China on trade

The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.

Palihapitiya’s $16 mln bet on Clover worth $682 mln on Reddit rally

Serial dealmaker Chamath Palihapitiya’s $16 million investment in the special purpose acquisition company (SPAC) that took Clover Health Investments Corp (CLOV.O) public was worth $682 million on Tuesday after a Reddit-fueled rally in the health insurer’s shares.

G7 countries devise way to catch Amazon in tax net -sources

G7 states have found a way to include Amazon, one of the world’s biggest companies, on a list of 100 set to face higher taxes in the countries where they do business by targeting its more profitable cloud computing unit, officials close to the talks said.

U.S. to work with allies to secure electric vehicle metals

The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.

Stocks touch new highs as volatility eases, dollar gains

A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.

Biden supply chain ‘strike force’ to target China on trade

The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.

Palihapitiya’s $16 mln bet on Clover worth $682 mln on Reddit rally

Serial dealmaker Chamath Palihapitiya’s $16 million investment in the special purpose acquisition company (SPAC) that took Clover Health Investments Corp (CLOV.O) public was worth $682 million on Tuesday after a Reddit-fueled rally in the health insurer’s shares.

G7 countries devise way to catch Amazon in tax net -sources

G7 states have found a way to include Amazon, one of the world’s biggest companies, on a list of 100 set to face higher taxes in the countries where they do business by targeting its more profitable cloud computing unit, officials close to the talks said.

U.S. to work with allies to secure electric vehicle metals

The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.

Stocks touch new highs as volatility eases, dollar gains

A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.

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