Singapore's powerful anti-graft body issued an arrest notice for one of the city-state's richest people, his company said Friday, widening a...

A “doomsday” scenario for the Manhattan office market would only result in a modest property tax revenue shortfall

LOS ANGELES--(BUSINESS WIRE)--May 17, 2023--

Chancellor of the Exchequer Jeremy Hunt has no plans to step down before the next election, his spokesman

Prime Minister Benjamin Netanyahu is in “good condition” after being taken to the hospital on Saturday, his office

By Allison Lampert, Abhijith Ganapavaram and Valerie Insinna MONTREAL/WASHINGTON The CEO of Canadian aerospace supplier Abipa International would

By Rae Wee SINGAPORE The dollar edged lower on Wednesday as traders assessed the odds of a rate

ZURICH Novartis on Monday named the intended new board members of Sandoz, the generics business it plans to

President Joe Biden on Monday said he was “optimistic” about the chances of finding an agreement with the Republican-led House of Representatives that would avoid a catastrophic default on America’s sovereign debt. Speaking at the outset of a crucial meeting with House Speaker Kevin McCarthy, Mr Biden said the source of his optimism was a shared agreement between the two men that a debt default is “off the table”. Mr Biden also said the consequences that would arise should the US fail to meet its’ outstanding debt obligations would be “a kick in the ... economic well-being” for the American people. The negotiating session between the president and House speaker comes with just ten days remaining before the US Treasury is set to lose the ability to pay its’ bills by issuing new bonds. In a letter to Congress, Treasury Secretary Janet Yellen said on Monday that “it is highly likely” that the Treasury would run out of operating funds in the event that Congress does not raise the department’s statutory debt limit. A default on America’s sovereign debt would be a financial catastrophe both for Americans and people around the world who rely on US financial stability. Mr Biden said he and Mr McCarthy “talked about the need for bipartisan agreement” and stressed that he was “optimistic” that he and Mr McCarthy were “going to make some progress” during the Monday evening session. For his part, the House Speaker said he and Mr Biden had a “very productive” conversation during a phone call held on Sunday while Mr Biden was returning to Washington from the G7 summit aboard Air Force One. Earlier in the day, Mr McCarthy told reporters at the Capitol that “decisions have to start being made” on spending for the next fiscal year since “we’re 10 days out” from the debt ceiling deadline. “We have to spend less next year than we spent this year,” he said before pointing to the House’s proposal for spending cuts as the “framework” for a deal. “I’m hopeful,” he added. Read More Watch live: Biden and McCarthy meet to discuss US debt ceiling Who is Tim Scott? 5 things to know about the newest 2024 GOP presidential candidate A timeline of Donald Trump’s rivalry with Ron DeSantis

VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov 17, 2023--

One in four German small and mid-sized companies would think about throwing in the towel because of what

Shares of UK companies whose fortunes are tied to interest rates soared after data showed a softening in