Debt ceiling deal exposes Biden and McCarthy's weaknesses with their parties' extremes
President Joe Biden and House Speaker Kevin McCarthy convinced themselves of a compromise deal to slow federal spending and replenish the near-empty treasury with borrowed cash.
2023-05-30 12:23
Climate Costs Mount for Poorer Nations Already Burdened by Debt
Pakistani Prime Minister Shehbaz Sharif warned world leaders at the COP27 climate talks last November that developing nations
2023-05-30 12:21
Biden-McCarthy Debt Limit Deal Puts Government Services on a Diet
The debt-limit deal would rein in spending on some federal government services but barely dents the roughly $20
2023-05-30 12:16
Europe’s Unwanted Coal Heads to China and India as Heat Builds
Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures
2023-05-30 11:56
China’s Manufacturing Sector Improved in May, Surveys Show
Two surveys suggest China’s manufacturing sector improved or at least stabilized in May compared with the previous month,
2023-05-30 11:21
China Stock Gauge Slumps 20% From 2023 Peak as Pessimism Abounds
A key gauge of Chinese stocks was on track to enter a bear market as a weak economic
2023-05-30 11:18
Australia’s Building Approvals Slump to Lowest Level in 11 Years
Australian approvals to build new homes tumbled to the lowest level in 11 years, driven by fewer permits
2023-05-30 10:59
A China Crypto Pioneer Warns Hong Kong May Cool on Digital Assets Longer Term
A crypto entrepreneur whose business in China was upended by a regulatory crackdown considers his experience to be
2023-05-30 10:59
Banks Tap Hong Kong’s Discount Window for Most Funds Since 2021
Banks in Hong Kong borrowed the largest amount of short-term cash in over two years from the authorities,
2023-05-30 10:56
BYD Outbids Tesla to Supply EVs for Indonesian Taxi Operator
Indonesia’s largest taxi operator will turn to BYD Co. for 80% of its electric-vehicle fleet while reviewing its
2023-05-30 10:51
World's Largest Solar Manufacturer Is Fueling a Price War
The world’s largest solar manufacturer slashed prices for a key component as growing capacity in the sector intensifies
2023-05-30 10:50
Imran Khan Summoned Over Attacks on Pakistan Military Buildings
Imran Khan has been summoned by Pakistan authorities to face questioning over the outbreak of violence that followed
2023-05-30 10:46