Bloomberg President Joe Biden visited Tulsa to mark the 100th anniversary of a White mob’s destruction of the city’s once-thriving Black business district, where he said Vice President Kamala Harris would lead efforts to pass a new federal expansion of voting rights. Biden visited privately with survivors of the Tulsa race massacre, one of the worst episodes of racial violence ...

Bloomberg Budapest will rename the streets surrounding the planned campus of a Chinese university to protest against the project, which Hungary’s opposition says is emblematic of Prime Minister Viktor Orban’s drift from western democratic values. The streets in the capital’s industrial south, where Fudan University plans to set up a campus, will be renamed Uighur Martyrs street, Dalai Lama street ...

Bloomberg President Joe Biden announced measures to increase the number of federal contracts awarded to small, disadvantaged businesses. He also said he had directed his administration to more aggressively prevent discrimination in home appraisals, a detriment for wealth accumulation for Black families. Last week, Biden reiterated calls for Congress to overhaul US policing as he met with the family of ...

Bloomberg The French government will use algorithms and artificial intelligence (AI) to identify small firms at risk of collapse in the wake of the Covid-19 pandemic, and provide as much as $3.7 billion to protect them. Finance Minister Bruno Le Maire presented the new measures as part of a plan that also includes an extension of crisis lending facilities to the ...

Bloomberg European Union (EU) officials struck a deal to crack down on international companies’ efforts to dodge taxes by requiring greater disclosure, as a coordinated push by governments to take a bigger slice of corporate revenue gathers pace. Negotiators representing the European Parliament and EU governments agreed to a package forcing companies with a total revenue exceeding $917 million in ...

Bloomberg The Swiss economy is recovering quickly after restrictions to curb spread of Covid-19 hit the service sector and consumption at the start of the year. Gross domestic product contracted 0.5% in the first quarter, a deeper slump than economists anticipated. But manufacturing and service sector data for May showed an upsurge in activity — the latest in a string ...

Bloomberg Euro-area factories are struggling to keep up with the economic recovery as orders rise faster than production, setting the bloc up for a summer spike in inflation. Delivery delays for raw materials and components are constraining output growth, leaving companies unable to meet rising demand, according to a survey by IHS Markit. While purchasing activity rose at the fastest ...

Bloomberg Bullish calls on Chinese stocks appear to have gotten on the nerves of the country’s regulators, with state media reporting that authorities are against analysts forecasting specific levels for the market. “Some predictions in the market are rather whimsical and some people use exaggerated and empty terms in pursuit of influence,” according to a commentary posted on the official ...

Bloomberg European stocks rise while US equity futures drifted on Wednesday as the tussle between economic optimism and inflation concern continues to play out in markets. The dollar ticked up. The Stoxx Europe 600 Index climbed 0.2%, with energy shares getting a boost from oil prices at multi-year highs. Contracts on the S&P 500 and Nasdaq 100 gauges fluctuated. AMC ...

ABU DHABI / WAM The UAE was ranked among the top 20 countries in the world during the year 2020 in five indices related to the competitiveness of the tourism sector in the country according to the Federal Competitiveness and Statistics Centre (FCSC). The country’s achievements in the tourism sector included the indexes in the Travel & Tourism Competitiveness Report ...