The Philippines said it will provide 12.7 billion pesos ($224 million) in financial assistance to about 2.3 million

Novartis AG raised its mid-term sales growth forecast as the Swiss drugmaker narrows its focus on innovative medicines

“Barbie” didn’t just break the opening weekend record for 2023; It also shattered the first weekend record for a film directed by a woman

Singapore banks are increasing scrutiny of some Chinese-born clients with other citizenships, following last month’s crackdown on money

United Auto Workers union President Shawn Fain told members that all three automakers have now offered record contracts but that the union will continue its strike in a push for even better deals.

The Nobel Memorial Prize in Economic Sciences is set to be announced in Sweden

LOS ANGELES--(BUSINESS WIRE)--May 19, 2023--

Italy’s economy unexpectedly contracted in the second quarter, showing how rising interest rates and weakness in foreign markets

German lawmakers will sign off early next month on government plans to buy 60 Boeing Co. Chinook helicopters

The White House said Friday that OpenAI and others in the artificial intelligence race have committed to making their technology safer with features such...

House Speaker Hakeem Jeffries sounded confident that Congress would vote to avert a default on the US’s obligations on Sunday, hours after news broke that the White House had reached a deal with Republican leadership to raise the debt ceiling. The “agreement in principle” was announced Saturday evening after much of the House of Representatives and Senate had left for the Memorial Day weekend. A handful remained in Washington to continue negotiations ahead of the deadline; the US Treasure Department estimates that the federal government’s ability to pay its debts will be in question come 1 June — this Thursday. Mr Jeffries spoke on CBS’s Face the Nation on Sunday. While he cautioned that he had not seen the actual text of the bill, which is reportedly set to cap funding for the US government (except for the military) through 2024, he offered a simple “yes” when asked directly if he could guarantee that the US would avert default. It’s a statement that will likely mean a sigh of relief for those Americans worried about the effects that a credit downgrade would have on the US economy, though that remains a possibility thanks to the toxic partisanship that brought the US to this point in the first place, but also one that may frustrate progressives and other Democrats who may see the development as Democrats giving in to the GOP’s demands. The deal does stave off further debt ceiling negotiations until 2025, but many on the left simply wish to do away with the limit altogether. And there’s already signs that many on the conservative right do not like the deal, with some even calling any legislation that raises the debt limit a non-starter. Their opposition within the GOP’s slim House majority necessitates votes from Democrats to pass this deal or any other. More follows...

Whirlpool Corp. shares tumbled after the Maytag owner trimmed its full-year profit outlook amid an uptick in promotions