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Crypto crackdown, Doge mania, space tourism and a big divorce

Crypto crackdown, Doge mania, space tourism and a big divorce

Al Jazeera
Friday, May 07, 2021 05:55:38 PM UTC

We gather the numbers to know from the week’s biggest economic and business news stories so you can impress yourself and your friends.

There has been no shortage of headline-grabbing business and economic stories this week. Once again, the pandemic topped the global news agenda with India’s devastating second wave of COVID-19 infections. But there was also good news: United States President Joe Biden’s administration joined dozens of other nations in backing a plan to waive patent protections on COVID vaccines and boost the global supply of jabs, particularly for less-developed countries. We’ve rounded up the numbers to know this week, including a sobering read on the labour market recovery in the US; an uplifting (literally) milestone from private space company SpaceX; a high-profile divorce announcement from two of the biggest names in philanthropy; and plenty of crypto-mania, including a regulatory crackdown that came too late for some Turks.
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