U.S. government proposes free $1000 for American adults in bid to avert recession

U.S. President Donald Trump and Treasury Secretary Steven Mnuchin on Tuesday proposed mailing out checks of up to $1,000 to American adults to quickly pump hundreds of billions of dollars into the U.S. economy at a time when airlines are slashing flights and officials are shuttering restaurants, sports arenas and other public venues. Though details… Read More U.S. government proposes free $1000 for American adults in bid to avert recession

Fox set to acquire streaming firm Tubi in $440million cash deal

Fox Corp said on Tuesday it would acquire video streaming firm Tubi for about $440 million in cash and will fund the deal with the net proceeds from the sale of its stake in Roku Inc. Tubi users spend over 160 million hours a month watching content on the free, ad-supported platform, the company said.… Read More Fox set to acquire streaming firm Tubi in $440million cash deal

China withdraws accreditation of American journalists as dispute with U.S. escalates

China is withdrawing the press credentials of American journalists at three U.S. newspapers, intensifying a bitter fight between the world’s top two economies that has widened to include the coronavirus outbreak and media freedoms. Beijing announced on Wednesday what it said was retaliation against U.S. restrictions on Chinese journalists that includes revoking the accreditations of… Read More China withdraws accreditation of American journalists as dispute with U.S. escalates

U.S. imposes fresh sanctions on Iran, calls for release of detained Americans

The United States imposed fresh sanctions on Iran on Tuesday, keeping up its economic pressure campaign even as it offered to help Tehran cope with the coronavirus pandemic and called on the Islamic Republic to release detained Americans. Iran is considering freeing some U.S. citizens, Secretary of State Mike Pompeo said at a news conference… Read More U.S. imposes fresh sanctions on Iran, calls for release of detained Americans