Dogecoin, which was launched in 2013 as a joke in a nod to the "doge" meme circling the internet at the time, has since become the fifth-largest cryptocurrency in the world. Tesla and SpaceX CEO Elon Musk has taken a particular interest in the digital currency, referring to himself as the Dogefather.
When US President Joe Biden signed the $1.9 trillion American Rescue Plan Act in March, it offered a $1,400 stimulus check to Americans who earn less than $75,000 a year. The package also granted an extra $300 in weekly unemployment benefits through September 6.
On Monday, Florida Governor Ronald DeSantis signed SB 2006 - legislation which, in part, allows the governor to overrule local emergency rules. The Republican governor also signed executive orders that called for the immediate suspension of local COVID-19 restrictions, and introduced vaccine passport prohibitions.
The founder of Tesla and SpaceX, Elon Musk, is a vocal advocate of cryptocurrency, being especially supportive of 'dogecoin' - a crypto based on a shiba inu dog meme that was created ironically.
Just weeks after the US and China penned the first part of a trade deal intended to settle years of tariff wars, the COVID-19 pandemic hit and shut down the global economy, sending trade into a tailspin. The deal was heavily premised on pledges to buy a minimum volume of goods from the other country.
The energy infrastructure megaproject is over 95 percent complete, with construction initially expected to wrap up by 2020, but temporarily frozen after the US unilaterally threatened “crushing” and “potentially fatal” sanctions against a major contractor involved in construction. Russia has deployed pipelayers to finish the project independently.
The US Consumer Product Safety Commission (SPSC) issued a memo in April urging individuals with kids and pets to stop using the Peloton's Tread+ treadmill. The safety commission's warning cited dozens of incidents in which children were injured - or in one case, killed - by the machine.
As vaccination rates steadily increase in several parts of the globe, economists have made increasingly optimistic economic growth predictions, with the latest saying the US economy could grow 7.6% in 2021, the steepest pace it’s seen since 1951, and similar predictions being made for China.
NEW YORK (Sputnik) - The Dow Jones Industrial Average, Wall Street’s broadest equity value barometer, hit record highs on Wednesday, as industrial and leisure stocks previously battered during the height of the coronavirus pandemic in the United States rebounded amid falling infection numbers due to the huge vaccination drive against the virus.
Pharmaceutical giant Pfizer is banking on COVID-19 being a major profit-driver for years to come as the company lines up vaccine delivery contracts for as far away as 2024. Corporate leaders have previously spoken of plans to dramatically increase the price of a jab once governments stop being the primary buyer.
European Commission Vice-President Margrethe Vestager underscored that the new strategy stipulates effectively transforming the EU’s economy, “while ensuring the competitiveness” of the bloc’s key industries.
British supermarkets, food suppliers, and manufacturers have warned politicians in Brazil that goods from the country will be banned in the UK if a law propelling deforestation in the Amazon is passed.
MOSCOW (Sputnik) - Japan's Nissan Motor announced on Wednesday selling all of its shares in the German automaker company Daimler for a total of 1.15 billion euros ($1.38 billion) to use the proceeds on the development of electric vehicles.
In late January, POTUS inked the so-called "Buy American" order, an executive action that Joe Biden said would help "rebuild the backbone of America: manufacturing, unions, and the middle class".
The tech and, especially, Internet sectors experienced rapid growth in 2020 due to the lockdowns, but quarterly reports in 2021 have noted that the current year will not be as advantageous. At the same time, other parts of the US economy have started to show signs of rapid revival since the beginning of the year.
The world's largest jewellrymaker decided to end mined sources of the precious stone, citing ethical concerns. The news comes just a year after the Copenhagen-based firm announced it would stop sourcing mined gold and silver, reflecting stronger demands for sustainable products.
Gambling is slowly becoming a major industry across numerous global economies, but just how much of the funds spent in the betting agencies goes back into businesses and local governments?
Recently, many cryptocurrencies have experienced a significant surge followed by a substantial decline. Now, many digital currencies have appeared to recover, including Bitcoin’s main competitor, Ethereum, while the world's most expensive altcoin is no hurry to reclaim its previous skyrocketing dynamics.
Ether, a cryptocurrency based on the Ethereum blockchain platform, has seen its value skyrocket over 300% in 2021, outshining the more well-known Bitcoin, which has seen a 95% rise.
At the same time, EU countries are struggling to agree on their policy towards Nord Stream 2 – a joint project between Russia's Gazprom and European energy giants, designed to deliver 55 billion cubic metres of natural gas from Russia per year. The pipeline has been facing sanctions pressure from the US, who wants the project to be shut down.