Wednesday 22 December 2021

Reuters Business: China Telecom plans to continue some U.S. services after FCC revokes authorization

China Telecom plans to continue some U.S. services after FCC revokes authorization

China Telecom's U.S. unit said Wednesday it plans to continue providing some services in the United States in 2022 after a U.S. regulator revoked its authorization to operate telecommunications in the country, citing national security.

Wall St mints strong gains on rosy economic data, encouraging Omicron update

Wall Street's main indexes powered higher on Wednesday in a broad rally after upbeat economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.

Wall St rises on rosy economic data, encouraging Omicron update

Wall Street's main indexes climbed on Wednesday in a broad rally after upbeat economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.

U.S. fights bail for Russian businessman accused of insider trading through hacking

A U.S. prosecutor on Wednesday argued a Russian businessman accused of insider trading using hacked corporate information could use his wealth and Kremlin connections to flee the United States if he was granted bail.

Renault's China JV with Brilliance heading into restructuring

Renault on Wednesday confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash and is heading for a restructuring.

U.S. weapons exports decreased 21% to $138.2 billion in fiscal 2021

Sales of U.S. military equipment to foreign governments fell 21% to $138 billion in the latest fiscal year, the U.S. State Department said on Wednesday, as the Biden administration shifts away from some of the more aggressive arms sales practices under former President Donald Trump.

U.S. tax experts say Biden spending bill likely to be resuscitated

Corporate tax advisers are warning clients not to celebrate the apparent demise of U.S. President Joe Biden's $1.75 trillion climate and social spending package, which they say could be resuscitated with a similar price tag and proposed tax hikes.

Wall St gains on upbeat economic data, encouraging Omicron update

Wall Street's main indexes pushed higher on Wednesday in a broad rally after upbeat consumer confidence and other economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.

Big Tech critics ask Raimondo for meeting after critique of European proposals

Critics of tech giants like Alphabet's Google pressed Commerce Secretary Gina Raimondo for a January meeting after she expressed concern about proposed legislation in Europe aimed at reining in the U.S. platforms.

'Hands off' - Why some U.S. investors are pulling meme stocks from brokerages

Jose Castillo pulled his $60,000 worth of GameStop Corp shares from his brokerage last summer, even though he had no intention of selling them.

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