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Biden, a Democrat, devoted much of his first several weeks in office to passing a $1.9 trillion stimulus bill to limit the pandemic's economic fallout. The American Rescue Plan, passed over Republican opposition, delivered on the key economic promise Biden made on the campaign trail: checks for Americans.
NEW YORK: An index of stocks across the world fell on Thursday weighed by Wall Street after reports that the Biden administration will propose a sharp increase to capital gains tax, while the dollar index rose as the euro and pound gave back recent gains.
BEIJING: China signaled it would hit back after the Trump administration placed eight of the country’s technology giants on a blacklist over alleged human rights violations against Muslim minorities.
China’s ByteDance Ltd. launched a search engine that bears a striking resemblance to Google’s clean, uncluttered home page but produces heavily sanitized results in keeping with one of the world’s most rigidly censored internet regimes.
HISTORIANS deal with the past. As the architects of our collective memory; they record, document and preserve. History can never be objective because like any form of storytelling, there’s always a writer or narrator who selects, edits and crafts the source material. Biases are therefore to be expected. The best we can do is to be aware of their existence.
LOS ANGELES: Apple Inc said on Friday that it had banned from its App Store the Infowars app belonging to popular U.S. conspiracy theorist Alex Jones after finding that it had violated the company's rules against "objectionable content".
YANGON, Myanmar: In April, Facebook founder Mark Zuckerberg told U.S. senators that the social media site was hiring dozens more Burmese speakers to review hate speech posted in Myanmar. The situation was dire.
BOSTON/NEW YORK: The world's largest asset manager put U.S. gunmakers on notice on Thursday that it is no longer business as usual in the wake of a shooting that killed 17 at a Florida high school
SAN FRANCISCO: Shares of gunmakers American Outdoor Brands and Sturm Ruger & Company rallied on Thursday after U.S. President Donald Trump advocated tightening background checks for guns in response to last week's high school massacre in Florida.