WORLD


A fourth wave of the Covid-19 pandemic has hit France which is spreading at "lightning" speed, government spokesman Gabriel Attal said and also announced tougher sanctions on non-compliance with the health pass rules.   "We are seeing a wave faster than all the previous ones," Attal...

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Robert Faturechi, Justin Elliott  and   Ellis Simani (ProPublica) 13 July 2021
Owners like Steve Ballmer can take the kinds of deductions on team assets — everything from media deals to player contracts — that industrialists take on factory equipment. That helps them pay lower tax rates than players and even stadium workers.   At a concession stand at Staples...

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Justin Elliott, Patricia Callahan  and   James Bandler (ProPublica) 29 June 2021
Roth IRAs were intended to help average working Americans save, but IRS records show Peter Thiel and other ultrawealthy investors have used them to amass vast untaxed fortunes.   Billionaire Peter Thiel, a founder of PayPal, has publicly condemned “confiscatory taxes.” He’s been a...

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Moneylife Digital Team 28 June 2021
Between January 2015 and May 2021, there were more than 3,100 attacks worldwide against community leaders, farmers, workers, unions, journalists, civil society groups and other defenders, who have raised the alarm about irresponsible business practices. More than 40% of these attacks were...

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Prominent tech figure John McAfee, who founded the leading antivirus software provider McAfee, has been found dead in his cell in Spain, the media reported.   According to The Guardian, McAfee was found dead hours after the country's highest court approved his extradition to the US,...

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The UK's Competition and Markets Authority (CMA) has announced that it will examine if Apple and Google constitute a duopoly on mobile devices given their control over app stores.   Alongside its existing examination of Apple over the App Store, the CMA has begun investigating whether...

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Jesse Eisinger, Jeff Ernsthausen  and   Paul Kiel (ProPublica) 09 June 2021
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.   In 2007, Jeff Bezos, then a multibillionaire and now the world’s...

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In a massive internet outage, several popular websites including leading news portals on Tuesday went off the grid globally, including Reddit, Spotify, Twitch, GitHub, Hulu, HBO Max, CNN, the Guardian, the New York Times, the BBC, the Financial Times and more.   The technical glitch...

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As Twitter fights new IT rules in India amid an intense scrutiny of its platform, a local court in Russia has fined Twitter 19 million rubles (about $259,000) for its failure to remove banned content, including calls for unauthorised protests, increasing fines on the company to 27.9 million...

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Renee Dudley  and   Daniel Golden (ProPublica) 27 May 2021
Five months before DarkSide attacked the Colonial pipeline, two researchers discovered a way to rescue its ransomware victims. Then an antivirus company’s announcement alerted the hackers.   On 11 January 2021, antivirus company Bitdefender said it was “happy to announce” a startling...

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Proponents of lab escape can explain all the available facts about SARS2 considerably more easily than can those who favour natural emergence, said Nicholas Wade, a science writer.   Writing in the Bulletin of Atomic Scientists, Wade said, "For the lab escape scenario, a Wuhan origin...

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Moneylife Digital Team 20 May 2021
The European Commission (EC) has levied a total fine of 371 million pounds on Bank of America, Natixis, Nomura, RBS (now NatWest), UBS, UniCredit and WestLB (now Portigon) for breaching antitrust rules of the European Union (EU) through participation of a group of traders in a cartel in the...

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As Covid-19 spread around the world, stock markets across countries took a major hit, yet markets in China where the disease first struck avoided significant falls, a new study has shown.   Researchers at Lero, the Science Foundation Ireland Research Centre for Software based at the...

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Recent findings in a report in an Australian daily has yet again reinforced the call that international investigators must dig deeper to rule out whether COVID-19 is a made-in-China bio-weapon.   The controversy about COVID-19 origins has resurfaced after the Weekend Australian...

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The US has backed the request by India and South Africa to the World Trade Organization (WTO) to waive Intellectual Property rights for Covid-19 vaccines but it has been met with oppostion from some members of the body.   US Trade Representative Katherine Tai announced the decision on...

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In a significant development, the independent Oversight Board on Wednesday upheld Facebook's decision on January 7 to suspend then US President Donald Trump from its main platform and Instagram.   The Board found that Trump's posts severely violated Facebook's rules, and his words of...

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Ryan Gabrielson (ProPublica) 04 May 2021
The vaccine rollout was meant to prioritize vulnerable communities, but four months of data shows healthier — and often wealthier — counties have been faster to vaccinate.   As the U.S. rushes to vaccinate its population against the coronavirus, most counties with the sickest...

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Allan Sloan  and   Cezary Podkul (ProPublica) 28 April 2021
The US Federal Reserve’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.   Ever since the COVID-19 pandemic struck, the Federal Reserve has gotten...

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In what could be another Autopilot mode failure, two people were killed in a fiery Tesla crash in Texas with no one in the driver's seat.   Harris County Precinct 4 Constable Mark Herman told Houston television station KPRC 2 that the investigation showed "no one was driving" the...

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Sunil Mahajan 14 April 2021
The distinctive geopolitical story of recent times has been the inexorable rise of China as a superpower and the conflict with the US for global supremacy. Unsurprisingly, there are divergent views on how the rivalry may play out.    Some people believe a war between the two nations...

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