SBB Founder Steps Down as CEO of Troubled Swedish Landlord
Ilija Batljan, the founder and dominant shareholder of embattled Swedish landlord SBB, stepped down as chief executive officer
2023-06-02 21:53
Poland’s Leader Rows Back on Controversial Law After Rebuke
Poland’s leader proposed measures to soften parts of a controversial law that drew swift criticism from the US
2023-06-02 19:57
London Black Cab Owner Geely Explores Raising Fresh Funds
Zhejiang Geely Holding Group Co. is considering raising funds for the maker of London’s iconic black cabs, people
2023-06-02 18:53
Bad-Mouthing The State Is Outlawed Before Election in Zimbabwe
Zimbabwe’s parliament passed a law that prohibits citizens from criticizing the government, two months before it holds presidential
2023-06-02 17:28
Taiwan’s DPP Apologizes in #MeToo Case as Tsai Backs Probe
Officials from Taiwan’s ruling Democratic Progressive Party publicly bowed and apologized Friday for the handling of a series
2023-06-02 17:19
China Mulls New Property-Market Support Package to Boost Economy
China is working on a new basket of measures to support the property market after existing policies failed
2023-06-02 17:17
Global Food Costs at 2-Year Low But Grocery Bills Stay High
Global food costs fell to the lowest level in two years in May, reviving hopes that sticky inflation
2023-06-02 17:15
Debt-Limit Deal Clears Congress, Ending Threat of US Default
The Senate passed legislation to suspend the US debt ceiling and impose restraints on government spending through the
2023-06-02 16:56
BofA Says AI Frenzy Drives Record Inflows Into Tech
The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of
2023-06-02 16:49
Airlines Scour Globe for Capacity as Plane Shortage Takes Toll
The massive aircraft deals announced this year — from Air India’s record 470-plane order in February to newcomer
2023-06-02 16:29
Palm Oil Production Seen Surging in Malaysia as Workers Return
Palm oil supply in Malaysia is set to soar as a labor crunch eases in the world’s second-biggest
2023-06-02 16:24
Debt ceiling news - live: Senate passes debt limit deal bill sending it to White House for Biden signature
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?
2023-06-02 16:18