BOCA RATON, Fla.--(BUSINESS WIRE)--Oct 24, 2023--

DALLAS--(BUSINESS WIRE)--May 30, 2023--

The Senate has passed a bipartisan agreement forged by US president Joe Biden and House speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives. The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday night. The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a Republican rebellion that badly undermined Speaker McCarthy’s claims to control over his increasingly divided party. On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Senate majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature. Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history. Read More Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Lauren Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?

FRANKFURT Bosch, the world's top automotive supplier, expects sales at its mobility business division to grow by 10%

Commonwealth Bank of Australia reported a near 6% rise in annual cash earnings on Wednesday on the back

SEOUL, South Korea--(BUSINESS WIRE)--Nov 21, 2023--

Thailand’s economy expanded more than estimated in the first quarter as the nation benefited from a resurgent tourism,

Singapore ride-hailing firm Grab Holdings said it is cutting over 1,000 jobs or 11% of its workforce to cut costs and keep the company competitive, in its biggest round of job cuts since the pandemic

Florida is America's inflation hotspot because of a persistent problem with sky-high housing costs.

HSBC Holdings Plc’s head of public affairs is set to step down shortly after making controversial comments about

Ford Motor Co. is going through another round of white-collar job cuts as the company continues to reduce costs amid a transition to electric vehicles

The plunge in China’s new loans in July is reinforcing fears of deflation and a worsening economic slowdown,