A group of 136 countries on Friday set a minimum global tax rate of 15% for big companies and sought to make it harder for them to avoid taxation in a landmark deal that U.S. President Joe Biden said levelled the playing field.
The Federal Reserve may move to begin reducing its support for the economy next month despite a sharp slowdown in jobs gains last month as the latest U.S. surge in COVID-19 cases crested and began to recede.
Independent advisers to the U.S. Centers for Disease Control and Prevention will meet later this month to make recommendations on booster doses of Moderna Inc and Johnson & Johnson's COVID-19 vaccines, the agency said on Friday.
The number of Americans filing new claims for jobless benefits dropped by the most in three months last week, suggesting the labor market recovery was regaining momentum after a recent slowdown, as the wave of COVID-19 infections began to subside.
New York City Mayor Bill de Blasio's security detail was misused for personal tasks, including helping his daughter move and shuttling his son to and from college, a watchdog agency said on Thursday, likening the actions to a "concierge service."
Both supply-side and demand-side factors are contributing to U.S. inflation right now, but most of the current price changes may be driven by pandemic-related shifts that could subside over time, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.
The U.S. Senate on Thursday took a step toward passing a $480 billion increase in Treasury Department borrowing authority, a move that would avert a catastrophic debt default later this month but set up another partisan showdown in early December.
The career diplomat U.S. President Joe Biden named to lead the Central Intelligence Agency is creating a high-level unit aimed at sharpening the agency's focus on China, at a time of tense relations between the world's two largest economies.
A review by U.S. Senate Democrats of Donald Trump's attempt to use the Justice Department to overturn his 2020 election defeat provided new details on Thursday about an official's bid to push out the acting attorney general to advance Trump's false claims.
Nigeria's president unveiled a record 16.39 trillion naira ($39.8 billion) budget for 2022 on Thursday, with a projected 25% year-on-year rise in government spending as the economy struggles with the impact of the pandemic.
U.S. national security adviser Jake Sullivan said on Thursday his talks with China's top diplomat Yang Jiechi in Switzerlandon Wednesday avoided the acrimony of a meeting in March and that more were needed to avert conflict between the two countries.
Pfizer Inc's new vaccine for children aged five to 11 could be ready as early as November pending approval from federal regulatory health agencies, White House COVID-19 response coordinator Jeffrey Zients said on Thursday.
Europe should greet migrants with compassion rather than barbed wire and the British government is "rather nasty" about those who seek asylum, said Tanzanian writer Abdulrazak Gurnah, who won the 2021 Nobel Prize in Literature.
Small numbers of U.S. special operations forces have been rotating into Taiwan on a temporary basis to carry out training of Taiwanese forces, two sources familiar with the matter said on Thursday, speaking on condition of anonymity.
Mexican concrete giant Cemex said on Thursday that supply chain snags and project delays will squeeze its full-year operating profit, even as it plans double-digit U.S. price hikes to offset higher costs.
