Days after pitching Chancellor Olaf Scholz’s governing coalition into an unprecedented budget crisis and sending shockwaves rippling through

U.S. power plant owners warned the Biden administration on Tuesday that its sweeping plan to slash carbon emissions

WASHINGTON President Joe Biden welcomed Honda Motor 11% pay hike for its U.S. facility workers on Friday, a

By Yoshifumi Takemoto TOKYO Japan's government is considering extending until year-end fuel subsidies to keep gasoline prices below

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...

Israel is ratcheting up ground operations in Gaza with troops, tanks and artillery battling Hamas fighters after the

By Lucy Craymer WELLINGTON (Reuters) -The New Zealand jobless rate hit a two-year high in the June quarter as strong

LONDON British economic output contracted by a larger-than-expected 0.5% in July, figures from the Office for National Statistics

A human rights advocacy group says it found allegations of dozens of labor and environmental abuses by Chinese-invested companies involved in mining or processing minerals used in renewable energy

LONDON British online supermarket and technology group Ocado said on Monday its first robotic warehouse in Asia, built

(Reuters) -Shares of PacWest Bancorp fell nearly 3% on Wednesday, reversing course from premarket, as debt ceiling talks impasse overshadowed

Global fund managers are tamping down expectations ahead of China’s Politburo meeting, with many bracing for prolonged gloom