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Blinken refuses to call Biden's superpower competition with China a 'new Cold War'

Antony Blinken, Biden's pick for Secretary of State, during his Senate confirmation hearing. Blinken called China "the most significant challenge of any nation state." Alex Edelman-Pool/Getty Images Blinken won't call the US-China competition a new Cold War. "I resist putting labels on most relationships ... because it's complex," Blinken said. Biden has been portraying the US-China standoff as a battle between democracy and autocracy. See more stories on Insider's business...
Tags: Politics, News, Congress, Washington, Senate, China, US, International, America, Trends, Cold War, Joe Biden, Beijing, United States, Biden, Donald Trump


Can't find chicken wings, diapers, or a new car? Here's a list of all the shortages hitting the reopening economy.

Empty shelves and shoppers are visible at a Target retail store during an outbreak of the COVID-19 coronavirus in Contra Costa County, Dublin, California, March 15, 2020. Photo by Smith Collection/Gado/Getty Images As the US economy increasingly reopens, the economy is seeing shortages of all sorts of items. If you've tried to buy (or rent) a car or eat some chicken wings, you've probably noticed. Insider rounded up some of the major shortages across the US economy, and why they...
Tags: Apple, Post, Texas, Washington, White House, China, US, America, Los Angeles, Trends, Opec, Bloomberg, Joe Biden, Intel, Brazil, Argentina


Biden's first 100 days are a big break with the Reagan legacy. He says jobs and families need an active state.

President Joe Biden leaves the House Chamber with Rep. Maxine Waters (D-Calif.) and Sen. Bernie Sanders (I-Vt.) after his joint address to Congress. Melina Mara/Pool/AFP via Getty Images Biden is spending big to expand the nation's safety net in the wake of the pandemic. In his first 100 days, he spent $1.9 trillion and pitched another $4 trillion to assist families and create jobs. "COVID has now created a stormwave of support for government," Barney Frank told Insider. See more stori...
Tags: Obama, Congress, Washington, Mexico, Senate, White House, US, America, Barack Obama, Trends, Reagan, Turkey, Joe Biden, Getty Images, Gop, Margaret Thatcher


Mohamed El-Erian says inflation is here to stay and won't be 'transitory' like the Fed claims

Federal Reserve Chair Jerome Powell. Pool/Getty Images Mohamed El-Erian says inflation is not "transitory" like Jerome Powell has claimed. He cited the multitude of examples, from rising lumber prices to Warren Buffett's "very substantial" inflationary pressure comments in Berkshire's annual meeting. The president of Queen's College Cambridge said the Fed needs to start "tapping the breaks" on its dovish policy and asset purchases. Sign up here for our daily newsletter, 10 Thin...
Tags: US, Barack Obama, Trends, Pimco, Warren Buffett, Berkshire, Financial Times, Cnbc, Fed, The Fed, Bank of Canada, Powell, Allianz, Mohamed El Erian, Global Development Council, El Erian


Biden's first 100 days is all about jobs and families - and he's willing to spend big in a break with the Reagan legacy

President Joe Biden leaves the House Chamber with Rep. Maxine Waters (D-Calif.) and Sen. Bernie Sanders (I-Vt.) after his joint address to Congress. Melina Mara/Pool/AFP via Getty Images Biden is spending big to expand the nation's safety net in the wake of the pandemic. In his first 100 days, he spent $1.9 trillion and pitched another $4 trillion to assist families and create jobs. "COVID has now created a stormwave of support for government," Barney Frank told Insider. See more stori...
Tags: Obama, Congress, Washington, Mexico, Senate, White House, US, America, Barack Obama, Trends, Reagan, Turkey, Joe Biden, Getty Images, Gop, Margaret Thatcher


White House defends plan to hike capital gains tax, saying it'll only hit the richest 0.3%, report says

President Joe Biden is planning to propose a sharp increase in capital gains tax, according to reports. Chip Somodevilla/Getty Images A White House official defended plans to hike capital gains tax, according to a report. President Joe Biden is set to propose the tax rises to 39.6% for the richest Americans. The official told the Financial Times that it would only affect the wealthiest 0.3% in the US. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A White House...
Tags: Senate, White House, US, Barack Obama, Trends, Reagan, Joe Biden, House, Goldman Sachs, Biden, Financial Times, Democratic House, Harry Robertson, Chip Somodevilla Getty Images A White House


Even #SaudiArabia and #Iran may be thinking peace now | Financial Times

Even Saudi Arabia and Iran may be thinking peace now | Financial Times The measured presence of Joe Biden in the White House, vacated gracelessly by the geopolitical arsonist Donald Trump, may be having a mildly calming effect on the Middle East, the most reliably combustible region in the world and perennial provider of what the US has come to think of as “forever wars”.  A US delegation, headed by Robert Malley, the special envoy for Iran, is trying to resurrect the 2015 nuclear a...
Tags: Travel, Saudi Arabia, White House, US, Barack Obama, Joe Biden, Iran, Vienna, Middle East, Donald Trump, Baghdad, Financial Times, Trump, Robert Malley, Rupert Neil Bumfrey, US Saudi Arabia


Economists are divided about how bad inflation is going to get. Here are the 14 loudest voices on both sides of the issue.

Former Treasury Secretary Larry Summers. Robin Marchant / Getty Images The debate over inflation is intensifying as Biden pushes to spend trillions on infrastructure. It's largely an intra-party spat as moderates say stimulus risks rampant inflation, while many Democrats favor big spending. Here are the 14 biggest names arguing for and against spending plans and the path of inflation. See more stories on Insider's business page. A new debate is emerging as the US economy nears reop...
Tags: Asia, Obama, Congress, Washington Post, Senate, White House, US, Trends, Bloomberg, Joe Biden, Ap, Harvard, New York Times, Bill Clinton, Ubs, Treasury


India is blocking exports of AstraZeneca vaccines to use for itself, disrupting vaccine rollouts in other countries

A man applies finishing touches to graffiti representing a vaccine in Kolkata, India. Rupak De Chowdhuri/Reuters India blocked exports of AstraZeneca COVID-19 vaccine made there, perhaps for months. It is likely to disrupt the rollout of vaccine to poorer countries via the COVAX scheme. India's biggest vaccine-maker also delayed recent batches meant for the UK and Brazil. See more stories on Insider's business page. India has blocked all major exports of the AstraZeneca vaccine to ...
Tags: Politics, UK, Science, India, US, Trends, Bbc, Morocco, News UK, Brazil, Who, Astrazeneca, Vaccine, Unicef, Financial Times, Reuters


Economists are divided about how bad inflation is going to get. Here are the 10 loudest voices on both sides of the issue.

Former Treasury Secretary Larry Summers. Robin Marchant / Getty Images The debate over inflation is intensifying as Biden pushes to spend trillions on infrastructure. It's largely an intra-party spat as moderates say stimulus risks rampant inflation, while many Democrats favor big spending. Here are the 10 biggest names arguing for and against spending plans and the path of inflation. See more stories on Insider's business page. A new debate is emerging as the US economy nears re...
Tags: Asia, Obama, Congress, Washington Post, Senate, White House, US, Trends, Bloomberg, Joe Biden, Ap, Harvard, New York Times, Bill Clinton, Ubs, Treasury


Switzerland has voted to introduce a 'burqa ban' to outlaw face-coverings in public

A campaign poster, in favour of the "burqa ban" initiative reading in German: "Stop extremism!" is seen in Biberen near Bern on March 7, 2021 as Switzerland voted on whether to ban full facial coverings in public places. Photo by FABRICE COFFRINI/AFP via Getty Images Switzerland is introducing a 'burqa ban' to outlaw face-coverings in public. The measure was backed narrowly in a referendum held on Sunday. The Central Council of Muslims in Switzerland said the vote was a "dark day" for Musl...
Tags: Europe, Politics, News, France, Trends, Bbc, Islam, Switzerland, Muslim, Kosovo, Financial Times, Reuters, Bern, People s Party, Fabrice Coffrini, Central Council of Muslims


Italy has blocked a shipment of COVID-19 vaccines for Australia as the EU escalates its row with AstraZeneca

Getty The EU has blocked a shipment of COVID-19 vaccines bound for Australia. Officials confirmed to Insider that Italy decided to block the export of 250,000 AstraZeneca vaccines made in the country. Rome used EU powers introduced last month to limit the export of vaccines amid supply concerns. Visit the Business section of Insider for more stories. Italy has blocked a shipment of the AstraZeneca COVID-19 vaccine which was bound for Australia, in the first use of emergency powers the EU ...
Tags: Politics, UK, News, Australia, US, Trends, Eu, Rome, Italy, Commission, European Commission, Astrazeneca, Brussels, Icc, Financial Times, John Denton


Lawmakers of both parties want a reckoning for the finance industry after investors were locked out of trading GameStop

Rep. Ilhan Omar (D) and Sens. Elizabeth Warren (D), Pat Toomey (R), and Ted Cruz (R), have all weighed in on the GameStop trading debacle. Reuters/Insider Both the GOP and Democrats are calling for oversight following the Gamestop trading debacle. Senate and House committees plan hearings on Robinhood's block Thursday on trading the stock. From Trump supporter Marsha Blackburn, to "Squad" member Ilhan Omar, many have spoken out. Visit Business Insider's homepage for more stories. Lawmakers...
Tags: Politics, Congress, Senate, New York City, Elizabeth Warren, Trends, Gop, House, Ted Cruz, News UK, Reddit, Warren, SEC, Stocks, Silicon Valley, Biden


Biden brought the button Trump used to order Diet Cokes back to the Oval Office

President Joe Biden looks up after singing an Executive Order reversing the Trump era ban on Transgender serving in military, in the Oval Office of the White House, Monday, Jan. 25, 2021, in Washington. AP Photo/Evan Vucci Former President Donald Trump used a call button in the Oval Office to order Diet Cokes from staff.  President Joe Biden initially moved the button off the Resolute desk during his first day in office.  But it appears the call button — which has been around for decades —...
Tags: Politics, News, Washington, White House, US, Barack Obama, Trends, Joe Biden, Treasury, Associated Press, Benjamin Franklin, Biden, Donald Trump, George W Bush, Financial Times, Trump


How Biden plans to fight the pandemic: 100 million shots, 100 new vaccine centers, and lots more testing and PPE

Joe Biden being sworn in as the 46th president of the United States by Chief Justice John Roberts. Saul Loeb/Pool Photo via AP President Biden issued several coronavirus-related executive orders during his first two days in office. The orders aim to increase mask-wearing, accelerate vaccine distribution, and tighten international travel restrictions. Over 100 days, Biden hopes to give most K-8 schools funding to reopen and administer at least 100 million shots. Visit Business Insider's hom...
Tags: Politics, UK, Science, Obama, Cdc, Washington, White House, US, America, Los Angeles, Trends, Joe Biden, Ap, Chicago, United States, South Africa


How Biden plans to fight the pandemic: 100 million shots, large-scale vaccination sites, and the reopening of K-8 schools

Joe Biden is sworn in as the 46th president of the United States by Chief Justice John Roberts. Saul Loeb/Pool Photo via AP President Joe Biden issued three coronavirus-related executive orders on his first day in office. The orders aim to increase mask wearing, accelerate vaccine distribution, and restore the US relationship with the World Health Organization. In the next 100 days, Biden plans to reopen the majority of K-8 schools and administer 100 million coronavirus shots. Visit Busine...
Tags: Politics, Science, Obama, White House, US, America, Trends, Joe Biden, Ap, United States, Fema, Schools, Food And Drug Administration, Who, World Health Organization, Geneva


Switzerland is holding a referendum on whether to strip the government of its power to impose coronavirus lockdowns

Getty Switzerland will hold a referendum on whether to strip the government of its power to impose new lockdown measures. It comes amid an increasing national debate about the rights of individuals, the Financial Times reported. The Swiss government this week tightened existing measures amid concern about new, more transmissible strains of the virus which have been linked to rising infection rates Visit Business Insider's homepage for more stories. Switzerland will hold a referendum on wh...
Tags: Politics, News, Trends, Switzerland, Financial Times, Reuters, Thomas Colson, Switzerland Referendum, Christoph Pfluger


Sweden has passed a new law allowing coronavirus lockdown restrictions after its death toll reached a new high

JONATHAN NACKSTRAND/AFP via Getty Images Sweden has introduced a law that would allow the government to close restaurants, shops, and public transport to combat the spread of COVID-19. The new legislation signals a major shift away from the country's initial no-lockdown approach to the pandemic. A severe second wave of COVID-19 infections has prompted Sweden gradually to abandon the unique approach it first adopted towards the pandemic, when it relied on voluntary social distancing measur...
Tags: Politics, News, Sweden, Trends, Bloomberg, Finland, Norway, Financial Times, Reuters, JONATHAN NACKSTRAND, EuroNews, Thomas Colson, Coronavirus, COVID, Anders Tegnell, Getty Images Sweden


Israel, the Palestinians, and the COVID-19 vaccination rollout: The legal and moral obligations

A healthcare worker administers a COVID-19 vaccine to an elderly Palestinian man at the Clalit Health Services in neighbourhood of Beit Hanina, in the Israeli-annexed east Jerusalem, on January 7, 2021. Ahmad Gharabli/ AFP/ Getty Images Israel is the world leader in vaccinating its population against COVID-19. About 19% of the population has already received a dose of the vaccine. Israeli citizens and Palestinian residents of East Jerusalem are eligible to be vaccinated. Those in the West...
Tags: Politics, UK, Russia, Israel, US, International, Jerusalem, Trends, Bloomberg, PA, Ap, West, Gaza, Healthcare, Middle East, Palestine


'Floppy and weak': Iran has joined China and Russia in ridiculing the US on social media over the Capitol riots

Rioters clash with police at a rally to contest the certification of the US election. Shannon Stapleton/Reuters As the world woke up on Thursday, officials from China, Russia, Venezuela, and elsewhere took jabs at the pro-Trump chaos that erupted Wednesday in the US Capitol. Some government officials who had sparred with US interests overseas seemed to be gloating, if not outright happy, about what happened. "What we saw in the US last night and today really showed that first how floppy an...
Tags: Twitter, Hong Kong, Politics, Washington, China, Russia, US, America, Trends, Social Media, Turkey, Iran, United States, Hassan Rouhani, Un, Venezuela


A comprehensive timeline of the coronavirus pandemic at 1 year, from China's first case to the present

Medical staff wearing protective gear move a patient infected with the coronavirus from an ambulance to a hospital on March 9, 2020 in Seoul, South Korea. Chung Sung-Jun/Getty Images The 1-year anniversary of the coronavirus pandemic has arrived: The first case was confirmed in Wuhan, China, in December 2019. Chinese government data suggests the virus was likely circulating by mid-November. In the year since, the virus has infected more than 73 million people and killed more than 1...
Tags: Health, South Korea, Europe, UK, Science, London, News, Supreme Court, Congress, California, Cdc, Washington, France, Senate, White House, China


Bill Gates has been warning of a global health threat for years. Here are 12 people who seemingly predicted the coronavirus pandemic.

Bill Gates has previously said the world needs to prepare for a pandemic the way it prepares for war. Arnd Wiegmann/Reuters Bill Gates predicted that the next four to six months "could be the worst of the epidemic" in an interview with CNN on Sunday. Gates, flu and disease experts, and government officials have been warning of a pandemic for years. There's also speculation that pop culture, such as books and movies, "predicted" the novel coronavirus. While some of these predictions are con...
Tags: Books, Science, Obama, Washington, Government, White House, China, Massachusetts, Time, US, Trends, Cnn, Features, Foreign Affairs, United States, Bill Gates


Sweden's neighbours offer them emergency help as its hospitals fill up with coronavirus patients

Getty Sweden's neighbours have offered the country help as intensive care units in Stockholm fill with coronavirus patients amid an alarming second wave of infections. Sweden is grappling with an alarming second wave of coronavirus infections. A senior Swedish doctor last week warned that he was unsure if 'exhausted' healthcare workers would have the capacity to treat the same number of ICU patients as they did at the peak of Sweden's first coronavirus wave. A Swedish official said the go...
Tags: Politics, News, Sweden, Trends, Bloomberg, Finland, Norway, Financial Times, Stockholm, Stefan Lofven, Norway Sweden, Bjorn Eriksson, NRK, Thomas Colson, Coronavirus, National Board of Health and Welfare


Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager popping up in the Biden administration

BlackRock Chief Executive Larry Fink was reportedly under consideration by 2016 presidential candidate Hillary Clinton to run the Treasury Department. AP The world's biggest fund manager, BlackRock, has become an increasingly influential player in Washington, DC.  The firm's global head of sustainable investing is set to head Biden's National Economic Council, and a former advisor to BlackRock Chief Executive Larry Fink will serve as a top official at Treasury. Here's a rundown of fast fac...
Tags: Google, Japan, New York, Obama, California, Washington, China, US, Barack Obama, Trends, Linkedin, Bloomberg, Joe Biden, Aig, Hillary Clinton, Washington Dc


France is pushing ahead with its tax on US Big Tech after a 10-month standoff with Trump, setting the stage for a trade war over makeup and handbags

Emmanuel Macron, President of France speaks in Brussels on 2 October 2020. Getty France has notified US Big Tech companies, including Facebook and Amazon, that it is levying its new 3% digital services tax for this year. France put collecting the money on hold in January, after the tax sparked a tariff war with President Donald Trump's administration. The tax is aimed at large tech companies operating in France. The Trump administration in July threatened to place tariffs on handbags and m...
Tags: Amazon, Facebook, France, White House, US, Trends, Tax, Joe Biden, Brussels, OECD, Donald Trump, Financial Times, Trump, Emmanuel Macron, Google Apple, Organisation for Economic Co


Progressive groups warn Biden that giving White House roles to anyone with Google ties, including its former CEO Eric Schmidt, would 'alienate' the nation

Eric Schmidt , former chairman and CEO at GOOGLE visits Fox Business Network Studios on April 16, 2019 in New York City. John Lamparski/Getty Images More than a dozen progressive organizations published an open letter to President-elect Joe Biden Tuesday, warning him against appointing anybody with "close ties to Google" to his administration. The groups wrote that they "want to ensure that the internet isn't dominated by a handful of corporations and remains free and open." The groups sai...
Tags: Google, White House, New York City, US, Trends, European Union, Cyprus, Joe Biden, Silicon Valley, Department Of Justice, Biden, Eric Schmidt, Financial Times, Trump, SCHMIDT, Big Tech


Trump is furious because he thinks Biden will get the credit for coronavirus vaccine developments, report says

President Donald Trump. Getty President Donald Trump is furious that President-elect Joe Biden's administration may take all the credit for the rollout of a coronavirus vaccine, according to The Daily Beast.  The president had hoped to brandish the success of Operation Warp Speed at packed, mask-free rallies during a second term, the outlet reported.  He has fixated on a successful vaccine to secure his legacy, and multiple reports suggest he pinned his reelection hopes on releasing one be...
Tags: Politics, Obama, White House, China, Barack Obama, Trends, Joe Biden, New York Times, Healthcare, News UK, Fda, Pfizer, Biden, Donald Trump, Centers For Disease Control And Prevention, The Daily Beast


Joe Biden's Irish supporters are celebrating their 'favourite uncle's' victory as he faces down Boris Johnson over Brexit

Business Insider Mark Wilson/Getty Images Joe Biden is likely to make Ireland his first state visit as President, sources on his campaign have told Business Insider. The move, if confirmed, would be a coup for the Irish government and could heap more pressure on Boris Johnson to shift policy on Brexit. In County Louth and County Mayo, where President-elect Biden's great-grandparents were from, residents have taken to the streets to celebrate his victory "It's very much a case of...
Tags: Politics, UK, Washington, White House, US, Trends, Eu, Joe Biden, Bbc, Analysis, House Of Lords, Britain, United States, Ireland, United Kingdom, Paul Allen


Joe Biden's Irish supporters are celebrating the victory of their 'favorite uncle' as he faces Boris Johnson over Brexit

Mark Wilson/Getty Images Joe Biden is likely to make Ireland his first state visit as US president, a source on his campaign told Business Insider. The move, if confirmed, would be a coup for the Irish government and could heap more pressure on UK Prime Minister Boris Johnson to shift policy on Brexit. In County Louth and County Mayo, where many of Biden's ancestors were from, residents have taken to the streets to celebrate his victory over President Donald Trump. "It's very much a case ...
Tags: UK, Washington, White House, US, Trends, Eu, European Union, Joe Biden, Bbc, House Of Lords, Britain, United States, Ireland, United Kingdom, Paul Allen, Northern Ireland


Blackstone's Schwarzman defended Trump during a meeting of top CEOs discussing what to do if the president refuses to concede the election

Blackstone CEO Stephen Schwarzman donated $3 million to America First Action, a political action committee that supports Trump. Arnd Wiegmann/Reuters The Blackstone Group CEO Stephen Schwarzman defended President Donald Trump's reaction to the election during a meeting with top CEOs on November 6, according to the Financial Times. The meeting was held with more than 24 CEOs of Fortune 500 firms to discuss what to do if Trump refused to leave the White House or concede to President-elect Jo...
Tags: Politics, Senate, White House, Trends, Joe Biden, Pennsylvania, Comcast, Philadelphia, Associated Press, Republican, Biden, Times, Donald Trump, Blackstone, Financial Times, Steve



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