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Merkel: pandemic shows German weaknesses, need to cooperate
BERLIN (AP) ??" German Chancellor Angela Merkel conceded that the coronavirus pandemic has highlighted significant shortcomings in her country as she told the World Economic Forum on Tuesday that it has underlined the need for international cooperation on issues such as vaccines.Germany had a relatively successful first phase of the pandemic, but saw infections shoot up during the winter months and recently passed the threshold of 50,000 deaths, Europe's fifth-highest toll. A lengthy second lockdown has slowly brought down the number of new cases in recent weeks.
In... Read More
Dutch justice minister vows rioters will be prosecuted
THE HAGUE, Netherlands (AP) ??" The Dutch justice minister said Tuesday that people arrested amid three nights of rioting sparked by the country's coronavirus curfew will face swift prosecution.Ferd Grapperhaus said rioters would be quickly brought before courts by public prosecutors and face possible prison terms if convicted.
"They won't get away with it," he told reporters in The Hague.
His comments came as the Netherlands is facing its worst civil unrest in years, initially triggered by anger at the country's tough lockdown, but increasingly fueled by... Read More
EU urges US to draft joint rule book to rein in tech giants
BRUSSELS (AP) ??" The European Union on Tuesday called on U.S. President Joe Biden to help draw up a common rule book to rein in the power of big tech companies like Facebook and Twitter and combat the spread of fake news that is eating away at Western democracies.In a speech to the Davos World Economic Forum, European Commission President Ursula von der Leyen urged the Biden administration to join forces against "the darker sides of the digital world," which she said was partly behind the "shock" storming of Capitol Hill on Jan. 6.
"The business model of online... Read More
UK eyes quarantine hotels for travelers to curb variants
LONDON (AP) ??" Britain appears ready to order some travelers arriving from abroad to isolate in hotels at their own expense in an attempt to stop the import of new virus variants.Vaccines Minister Nadhim Zahawi said there would be an announcement Tuesday on plans for tighter border measures. The BBC reported that U.K. citizens and residents arriving from most of southern Africa and South America, as well as Portugal, will have to self-isolate in a hotel for 10 days at their own expense.
Quarantine hotels have been used to limit virus transmissions in countries... Read More
Consumer financial-hardship agreements slow but remain high
Credit reporting agency TransUnion has found that nearly 3% of common consumer debts were in financial-hardship status at the end of 2020, illustrating that many Americans are struggling to get by financially as the pandemic wears on.While the latest number is down from a peak of almost 5% in spring, it's still far above the norm.
Overall, the hardship agreements ??" which can put a pause on payments or provide consumers other relief ??" hit their peak in May at 4.77%. In February, just before massive pandemic-related closures and layoffs hit, the measure was at... Read More
Top Stories in Business/Finance
- Merkel: pandemic shows German weaknesses, need to cooperate
- Dutch justice minister vows rioters will be prosecuted
- EU urges US to draft joint rule book to rein in tech giants
- UK eyes quarantine hotels for travelers to curb variants
- Consumer financial-hardship agreements slow but remain high
- Citing pandemic, Greece bans protests for a week
- IMF: Vaccines will power 5.5% global economic growth in 2021
- American Express 4Q profit fell 15% on virus impact
- EU demands that vaccine makers honor their commitments
- Italian premier resigns, setting off scramble for new allies
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