Persistently high inflation is causing a split among Federal Reserve officials over next steps
The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022
2023-05-18 21:48
U.S. weekly jobless claims fall more than expected
WASHINGTON The number of Americans filing new claims for jobless benefits fell more than expected last week, with
2023-05-18 20:52
China's loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 19:28
Jill Biden touts efforts to bring better internet to Alaska Native villages
Alaska Native villages have long been caught on the wrong side of the digital divide with no internet connections or a sluggish link at best
2023-05-18 19:00
Russia fires 30 cruise missiles at Ukrainian targets; Ukraine says 29 were shot down
Ukrainian officials say Russia has fired 30 cruise missiles against various parts of the country in the latest nighttime test of Ukrainian air defenses which shot down 29 of them
2023-05-18 18:57
Crews work to reach Italian towns isolated by floods as cleanup begins
Rescue crews are working to reach towns and villages in northern Italy that were cut off from highways, electricity and cell phone service following heavy rains and flooding
2023-05-18 18:54
Takeaways of AP's report on Chinese loans pushing poor countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse because of a common, undeniable factor: their struggle to pay back hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China
2023-05-18 18:52
Biden consults with Japan's Kishida ahead of Group of Seven summit in Hiroshima
President Joe Biden is in Japan for global diplomacy in a nation that has already tightened its economic and national security alliance with the U.S. He will meet privately with Japanese Prime Minister Fumio Kishida before joining the Group of Seven gathering of major industrialized nations
2023-05-18 18:26
U.S. Democrats warn Biden against toughening aid for the poor
By Richard Cowan and Leah Douglas WASHINGTON Democrats in the U.S. Congress expressed frustration with President Joe Biden's
2023-05-18 18:26
Explainer-Debt ceiling standoff: What happens if Washington falls behind on its bills?
By Jason Lange WASHINGTON The U.S. government could fall behind on its bills next month - and even
2023-05-18 18:25
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
By Paul Sandle LONDON (Reuters) -BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including
2023-05-18 18:22
Futures inch higher on debt ceiling deal optimism; Cisco falls
U.S. stock index futures inched higher on Thursday amid optimism over a potential deal to avoid a catastrophic
2023-05-18 18:19