Immigrant workers are helping boost the U.S. labor market

[ad_1] The strong jobs market has been bolstered post-pandemic by strength in the immigrant workforce in America. And as Americans age out of the labor force and birth rates remain low, economists and the Federal Reserve are touting the importance of immigrant workers for overall future economic growth. Immigrant workers made up 18.6% of the … Read more

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Parallel economy: How Russia is defying the West’s boycott | Russia-Ukraine war

[ad_1] When Moscow resident Zoya, 62, was planning a trip to Italy to visit her daughter last August, she saw the perfect opportunity to buy the Apple Watch she had long dreamed of owning. Officially, Apple does not sell its products in Russia. The California-based tech giant was one of the first companies to announce … Read more

US Senate passes bill to force sale of TikTok, sending it to Biden | Technology

[ad_1] TikTok has said legislation ‘would trample the free speech rights of 170 million Americans’. The United States Senate has approved legislation that would ban the popular video-sharing app TikTok unless it divests from its Chinese parent company. The vote on Tuesday clears the way for the bill to be signed into law by President … Read more

Tesla profit plunges 55%, as shares bounce on plans for cheaper vehicles | Technology

[ad_1] The Texas-based company reports profits of $1.1bn in the first quarter, down from $2.51bn a year ago. Tesla reported a 55 percent drop in profit amid fierce competition in the electric vehicle market, but shares rallied on plans to accelerate the production of more affordable models. The Austin, Texas-based company on Tuesday reported profits … Read more