Before the White House meeting, both McCarthy and White House press secretary Karine Jean-Pierre insisted it would be simple to avert default — if only the other side capitulated
House Republicans on April 26 passed a bill that would raise the debt limit but impose significant federal spending cuts
Sri Lanka has introduced painful economic measures such as tax hikes and utility rate hikes to unlock the programme. Trade unions and opposition groups have organised protests against such actions
Aramco stock traded at $9.55 a share on Riyadh's Tadawul stock exchange at close Monday, giving the oil firm a $2.1 trillion valuation and putting it only behind Apple and Microsoft for the highest market capitalization in...
The Special Drawing Rights (SDRs) were up $35 million to $18.466 billion.
This is a remarkable achievement since turning the tide in July 2020 by reopening the city to international tourists, and in spite of current global economic headwinds, DET said
The Swiss attorney general's office has opened a probe into events surrounding Credit Suisse ahead of the UBS takeover, and the executive branch ordered tens of millions in cuts to the bonuses of top Credit Suisse executives...
In its latest Chief Economists Outlook, the World Economic Forum said economists expect both growth and inflation dynamics to vary widely across regions
First Republic Bank's 84 branches in eight states will reopen Monday as branches of JPMorgan Chase Bank
Amazon CEO Andy Jassy wrote in his annual shareholder's letter released earlier this month that AWS, the leader in the cloud market, was facing short-term...
The company announced that it will adopt a more privacy-friendly approach to advertising in 2023
Google's current ad slump largely reflects more cautionary spending among companies reacting to a slowdown in discretionary consumer spending amid...
According to media reports last Thursday, which cited the Head of Research at wealth intelligence firm New World Wealth, Andrew Amoils, most prospective...
The net inflows at UBS came in marked contrast to the 61 billion Swiss francs (nearly $69 billion) in outflows that Credit Suisse reported Monday for the first...
Akshata Murty, the daughter of Infosys co-founder Narayana Murthy, is listed on the UK’s Companies House register as a shareholder in Koru Kids – one of...
South Korean officials expect Tokyo to restore Seoul as a favoured trade partner too, but expect that step to take more time based on the procedures to revise...
The takeover by UBS is expected to close in the coming months, and was designed in part to help stabilise the global financial system that had been roiled by...
Banga is expected to take over the reins of the anti-poverty lender at a crucial time, with the US and Western nations pitching for reforms to focus on...
India and the UK are negotiating an FTA to enhance the bilateral trading relationship worth 34 billion pounds in 2022, with the eighth round of negotiations...
Following the 2008 financial crisis, European financial regulators use a special type of bond that is designed to provide a capital cushion to banks in times...
The relaunched service costs $8 a month for web users and $11 a month for users of its iPhone or Android apps. Subscribers are supposed to see fewer ads, be...
Employers added 236,000 jobs in March, down from 472,000 in January and 326,000 in February but still strong by historic standards.
Referring to increased sales, CEO Pekka Lundmark said that the first quarter gave “a solid start” to 2023 for Nokia but “looking forward, we are starting...
Sustainable Finance was also discussed including existing collaboration between central banks on climate scenario analysis and stress testing, as well as...
The company said it delivered a quarterly record of 422,875 vehicles worldwide from January to March, up from just over 310,000 a year ago
