US subsidies: Economic war between Europe and U.S. unlikely to be avoided

Associated Press

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Biden administration finalizes rule to grant overtime for millions more salaried workers

apnews.com/article/overtime-eligibility-salaried-workers-biden-4bf790961d287794201f13b903fa9119

Quick Glance: Biden Grants Overtime Pay to 4 Million US Workers

The Biden administration unveiled a rule requiring employers to pay overtime premiums to an estimated 4 million salaried workers earning less than $1,128 per week.

The salary threshold will be automatically adjusted every three years to reflect changes in average earnings.

The rule does not affect overtime requirements for hourly workers.

The new rule is expected to face legal challenges, with many businesses expressing concerns about economic uncertainty and labor shortages.

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Controversial social network: US Senate also for possible ban on TikTok: The USA is taking action against the TikTok owners with an ultimatum ...

spiegel.de/netzwelt/netzpolitik/tiktok-auch-us-senat-fuer-moegliche-sperre-des-sozialen-netzwerks-a-24dafaa2-9c39-4fef-97f1-8960b2a9f0db

Quick Glance: Senate Passes Legislation Requiring Sale of TikTok's Parent Company or Face Ban

The Senate passed a bill that would compel TikTok's China-based parent company to sell the social media platform under the threat of a ban.

The bill now awaits President Joe Biden's signature, who has indicated that he will sign it on Wednesday.

The revised legislation extends ByteDance's deadline to sell TikTok to nine months, with a potential three-month extension if a sale is in progress.

The bill aims to prevent ByteDance from controlling TikTok's algorithm, which has been pivotal in making the platform a trendsetting phenomenon.

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TikTok responds to EU ultimatum over new rewards-for-views scheme: A European Commission spokesman confirmed on Tuesday that it had received a reply from TikTok ...

nordot.app/1155541948764144102

Quick Glance: San Francisco's Real Estate Market in Turmoil

The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.

In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.

Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'

San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.

207 similar articles

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The New York Times

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2h

Man Who Struck Officer With Pole on Jan. 6 Sentenced to 6 Years in Prison: The man, David Joseph Gietzen, was found guilty of committing five felonies during the ...

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FTC votes to ban noncompete agreements for most workers: U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule ...

apnews.com/article/jobs-employers-noncompete-agreements-economy-pay-4d7b3eb8e143cfd52025c7f2f5259fc4

Quick Glance: US implements ban on worker 'competition agreements' with business groups filing lawsuits

The U.S. Federal Trade Commission has approved a framework to eliminate agreements often signed by employees to refrain from joining their employers' competitors or establishing rival businesses.

The ban on noncompete agreements is projected to boost worker earnings by up to $488 billion over the next decade and facilitate the establishment of over 8,500 new businesses annually.

Prominent business associations have criticized the framework and declared legal actions, contending that noncompete agreements assist companies in safeguarding trade secrets and advancing competitiveness.

Unions have endorsed the FTC's vote in favor of the ban, hailing it as a significant triumph for workers that will enhance the national economy by fostering entrepreneurship.

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The United States is preparing a $1 billion military aid package for Ukraine, the first to be sourced from the yet to be signed Ukraine-Israel bill ...

reut.rs/4bq0h7J

Quick Glance: Senate Passes $95 Billion Aid Package for Ukraine, Israel, and Taiwan

The Senate has passed a $95 billion aid package for war assistance to Ukraine, Israel, and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debates over U.S. involvement in foreign wars.

The legislation also includes $26 billion for wartime assistance to Israel and humanitarian relief for the citizens of Gaza, along with $8 billion to counter Chinese threats in Taiwan and the Indo-Pacific.

Senate Republicans and House Republicans collaborated to secure the aid for Ukraine and Israel, emphasizing the potential dire consequences if Russian President Vladimir Putin's aggression goes unchecked.

There was broad congressional support for the aid package, but leaders had to navigate strong opposition from conservatives questioning U.S. involvement in foreign wars and focusing on issues like migration at the U.S.-Mexico border.

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EU launches investigation into Chinese medical device market: The European Commission launched a probe into China's public procurement of medical devices on ...

reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/

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Trump gag order hearing kicks off hush money trial: Live updates: Former President Trump’s hush money trial on Tuesday will begin with a New York judge hearing ...

thehill.com/regulation/court-battles/4614711-trump-hush-money-trial-live-updates/

Quick Glance: Trial Judge Evaluates Trump's Compliance with Gag Order

Former President Trump is on trial in New York for hush money issues. David Pecker from 'National Enquirer' testified about an agreement to manipulate stories about Trump and his rivals.

Concerns arose about Trump's violation of the gag order by criticizing court members. Mary McCord explained how the administration of justice can be disrupted by defendants' statements, leading to legal restrictions.

Despite reluctance to detain a former president, fines may be imposed for attacks on witnesses and judicial families. Threats to security and witness testimonies pose serious challenges to the trial's integrity.

Judges emphasize the importance of upholding justice by addressing threats and ensuring the safety of those involved in legal proceedings. The credibility of the trial hinges on maintaining a fair and secure environment.

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MEPs call to seize Russia’s hundreds of billions in frozen assets: Lawmakers want to see more support for Ukraine as US and UK counterparts advance.

euronews.com/my-europe/2024/04/23/meps-call-to-seize-russias-hundreds-of-billions-in-frozen-assets

Quick Glance: State Customs Service: Polish Protesters Cease Border Blockade

The blockade by Polish protesters at the Yahodyn-Dorohusk border crossing on the Polish-Ukrainian border was lifted by Ukraine's State Customs Service on April 22.

Traffic flow in both directions was restored as of 1:40 p.m.

As per Valentyna Chernysh, a representative of the customs office in Volyn Oblast, there were 400 trucks queued on the Polish side of the border, with an additional 140 in a digital queue.

Despite a reduction in border blockades, the State Customs Service indicated on April 17 that Polish protesters intended to block the Korczowa-Krakovets border crossing for a two-day period.

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Apr 23

Charles move left ‘furious’ Harry ‘in tears’: Prince Harry was left “furious” and “in tears” after his father decided to evict his family from Frogmore Cottage ...

news.com.au/entertainment/celebrity-life/royals/prince-harry-furious-in-tears-over-king-charles-decision/news-story/cf2233850121b9d243f4ead9abb51ac7

Quick Glance: Meghan Markle's Podcast Delayed until 2025 - Issues with Schedule

Meghan Markle's podcast with Lemonada Media has been delayed until next year, as reported by sources.

The company is struggling to launch the podcast to avoid overshadowing by the Duchess's new Netflix project.

The couple signed a lucrative $100 million Netflix deal and have two new series in early production stages.

Markle is currently focusing on her new brand and Netflix series centered around cooking and polo.

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10 senators helped advance Ukraine aid after voting against it: Nine Republicans and one Democrat in the Senate voted Tuesday to advance a package that includes ...

thehill.com/homenews/senate/4616241-ten-senators-helped-advance-ukraine-aid-after-voting-against-it/

Last Updated	Dec 05 22
Total Articles	1

US subsidies: Economic war between Europe and U.S. unlikely to be avoided: