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Business and Economic News

Giant container ship that blocked Suez Canal set free

Giant container ship that blocked Suez Canal set free

Salvage teams on Monday set free a colossal container ship that has halted global trade through the Suez Canal, bringing an end to a crisis that for nearly a week had clogged one of the world's most vital maritime arteries.
by The Associated Press

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Nike accused of 'using disability' to hype new hands-free sneaker

Nike accused of 'using disability' to hype new hands-free sneaker

The GO FlyEase is scheduled to be released on April 30. Some people with disabilities worry that they won't be able to get a pair because of the company's mass marketing strategy.
by Eva Tesfaye

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2 tugboats speed to help free vessel stuck in Suez Canal as shippers avoid it

2 tugboats speed to help free vessel stuck in Suez Canal as shippers avoid it

Two additional tugboats sped Sunday to Egypt's Suez Canal to aid efforts to free a skyscraper-sized container ship wedged for days across the crucial waterway, even as major shippers increasingly diverted their boats out of fear the vessel may take even longer to free.
by The Associated Press

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As U.S. corporations face reckoning over prescription opioids, CEOs keep cashing in

As U.S. corporations face reckoning over prescription opioids, CEOs keep cashing in

Some companies that sold or distributed opioid medications face a wave of lawsuits, have filed for bankruptcy, or find themselves on the hook for billions of dollars in settlements. But CEOs and other top executives keep getting rewarded.
by Brian Mann

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New attempts planned to free huge vessel stuck in Suez Canal

New attempts planned to free huge vessel stuck in Suez Canal

A giant container ship remained stuck sideways in Egypt’s Suez Canal for a fifth day Saturday, as authorities prepared to make new attempts to free the vessel and reopen a crucial east-west waterway for global shipping.
by The Associated Press

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Fact check: Biden skews figures on border, taxes, more

Fact check: Biden skews figures on border, taxes, more

President Joe Biden on Thursday misstated the reality at the U.S.-Mexico border when he asserted that "nothing has changed" when it comes to the number of children coming to the United States since his predecessor, Donald Trump, was in office. The numbers are up since Biden became president on Jan. 20.
by The Associated Press

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'Walk one day in our shoes': Life near minimum wage

'Walk one day in our shoes': Life near minimum wage

A juicy prime rib. A glossy art book. A few days off work without worrying about bills. These are the unreachable desires of some of America's workers earning close to minimum wage.
by Alina Selyukh

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Latina entrepreneurs find a space online to thrive in pandemic

Latina entrepreneurs find a space online to thrive in pandemic

Facebook Live boutique events provide needed income for entrepreneurs and create a virtual space for community members to come together in an isolated world. One Minnesota entrepreneur is among those finding success.
by Kathryn Styer Martinez

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Minnesota home insurance premiums tripled as extreme weather increased

Minnesota home insurance premiums tripled as extreme weather increased

Damage from three storms in 1998 alone cost more than those during the previous 40 years combined. Since then, the pace of costly storms hasn’t let up.
by Paul Huttner

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