US Fed's favored inflation gauge declined sharply in May
The US inflation measure most closely watched by the Federal Reserve declined sharply in May, official figures showed Friday, returning to a downward trend after...
2023-06-30 21:17
IMF and Pakistan reach $3 billion deal
Pakistan could get temporary relief for its ballooning foreign debt with a new deal worth $3 billion, the IMF has...
2023-06-30 20:57
Futures extend gains after May inflation data
U.S. stock index futures extended gains on Friday after data showed a closely watched measure of inflation cooled
2023-06-30 20:54
California is about to give Hollywood studios a lucrative tax deal during the writers' strike
A bill at Gov. Gavin Newsom's desk makes California's film and TV tax credit refundable for cash. It also mandates productions to comply with new firearm safety protocols inspired by the 2021 "Rust" shooting and implements requirements for meeting diversity targets.
2023-06-30 20:22
Indian court dismisses Twitter plea on takedown orders
An Indian court on Friday fined Twitter $61,000 after dismissing its plea challenging orders to remove tweets and accounts critical of Prime...
2023-06-30 17:25
Europe inflation slips to 5.5% — but that won't stop central bank rate hikes
Inflation in Europe slid again in June but fell too slowly to offer much relief to shoppers grumbling over price tags
2023-06-30 17:20
American States Once Awash In Cash See Their Fortunes Suddenly Reversed
California Governor Gavin Newsom for years had an enviable problem. His state was awash in cash. Thanks to
2023-06-30 17:16
EU leaders resume migration talks but Poland and Hungary's governments slow progress
European Union leaders have resumed migration talks after Poland and Hungary blocked progress overnight
2023-06-30 16:53
China Pilots Steps to Lure Foreign Firms to Free-Trade Zones
China rolled out a number of measures to open up its free-trade zones as state leaders go on
2023-06-30 16:51
$200 billion in frozen Russian assets could help rebuild Ukraine. Europe is trying to figure out how
Russian assets frozen in European accounts could generate billions of dollars a year for rebuilding Ukraine. But can that money be used without breaching international law or damaging the euro's international standing?
2023-06-30 15:49
The IMF agrees to a long-awaited bailout for Pakistan of $3 billion
The International Monetary Fund has agreed to provide $3 billion to Pakistan — a long-awaited relief to bail out the impoverished country’s ailing economy
2023-06-30 14:57
How Mecca is the lynchpin for Saudi Arabia's hospitality and tourism drive
Saudi Arabia is pumping billions of dollars into the holy city of Mecca to meet its ambitious economic targets, with high-end hotels, apartment blocks, retailers and restaurants planned for areas around the Grand Mosque
2023-06-30 14:29