business news

Omicron BQ variants dominant, XBB circulating at low level

A person receives a coronavirus disease (COVID-19) test as the Omicron coronavirus variant continues to spread in Manhattan, New York City, US, December 22, 2021. andrew kelly | Reuters The omicron BQ coronavirus subvariants have risen to dominance in the US as people gather and travel for the Thanksgiving holiday, putting people with compromised immune …

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Retailers roll out stricter return policies ahead of the holidays

The holiday shopping season is always closely followed by a spike in gift returning. But this year, it may be harder to bring things back for free or at a low cost. Roughly 60% of retailers said they’re making changes to existing returns policies, with fewer promising free returns, according to a recent survey of …

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5 things to know before the stock market opens Friday, November 25

Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Short day for stocks We hope you had a terrific Thanksgiving. If you’re scheduled to work today, please don’t work too hard. US stock markets are knocking off early, anyway, at 1 …

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Binance, others line up bids for bankrupt Voyager after FTX collapse

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Binance and other crypto firms are preparing takeover offers for beleaguered digital currency lender Voyager Digital after FTX, which had initially …

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Foreign students to reportedly be barred from UK unless studying at top universities

The UK government is looking to reduce migration, which could impact international students’ ability to study in Britain. LONDON — Foreign students wanting to study in Britain may be turned away unless they have secured a place at a “top university,” according to a report by The Times newspaper. Ministers were allegedly discussing how to …

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Ukraine’s Zelenskyy urges European unity; Russian reservists suffer heavy losses

Ukrainian soldiers are seen in a tank as the UK defense ministry says Russian reservists have likely suffered heavy casualties. Anadolu Agency | Anadolu Agency | Getty Images Ukraine President Volodymyr Zelenskyy on Friday called on Europe to stay united in the face of Russia’s ongoing war, calling it “mission number one” for the region …

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Boom economies with Russian wealth, migration

Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization drive on September 21. Daro Sulakauri | Getty Images News | Getty Images As many economies real from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from an influx of Russian migrants and their …

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Binance creates $1 billion crypto industry fund after FTX collapse

Binance’s Co-founder & CEO Changpeng Zhao has given several interviews discussing the outlook for cryptocurrency following a turbulent couple of weeks in the market. NurPhoto/Contributor/Getty Images Cryptocurrency exchange Binance on Thursday announced new details about its industry recovery fund, which aims to prop up struggling players in the wake of FTX’s calamitous bankruptcy. In a …

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China’s Baidu says it expects ‘limited’ impact from US chip curbs

“We think the impact is quite limited in the near future,” Dou Shen, executive vice president and head of Baidu AI Cloud, said of the US chip export controls. Jade Gao | dpa | Getty Images chinese tech company Baidu expects that impact from US chip sanctions on its businesses will be “limited,” a company …

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Mainland China’s total daily Covid cases soar above Shanghai lockdown highs

Only a few vehicles, including one with two health workers, drive through Beijing’s central business district on Nov. 23, 2022, as the area has announced tighter Covid controls. Kevin Frayer | Getty Images News | Getty Images BEIJING — Mainland China reported more than 31,000 Covid infections for Wednesday, including cases without symptoms. That surpassed …

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