Beijing shuts Universal Studios, bans restaurant dining in major escalation of Covid restrictions

Beijing has banned all restaurant dining, shut down Universal Studios and ordered residents to provide proof of a negative Covid test to enter public venues in a major escalation of restrictions as a five-day holiday gets underway.

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A new realization dawns in Washington, Europe, Kyiv and Moscow

This was the week when the war in Ukraine truly transitioned from one nation's bloody fight for liberation against Russia's vicious onslaught to a potentially years-long great power struggle.

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UK Conservative politician resigns after admitting watching porn in Parliament

A Member of Parliament in British Prime Minister Boris Johnson's Conservative Party, Neil Parish, said Saturday he will resign after admitting twice watching pornography in the House of Commons.

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Berkshire Hathaway kicks off annual shareholder meeting in Omaha

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Electric car startups want to avoid same fate as Britain's 1890s bike bubble

Amazon and Ford reported this week they lost a combined $12.3 billion in the last three months due to their investments in electric vehicle company Rivian. The losses dampened hopes that any electric vehicle company will inevitably turn into gold.

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The Fed's favorite inflation measure hit a fresh 40-year high

Americans had to reach deeper into their pockets in March, as yet another key inflation index showed prices hit a fresh 40-year high last month.

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Mark Zuckerberg just got $11.5 billion richer

Nearly two months after losing his spot among the world's 10 richest rich people, Mark Zuckerberg is clawing his way back.

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