Economy

U.S. officials are warning that China and Russia would capitalize on the 'chaos' that would ensue if the United States defaulted on its debt. The warnings come amid a monthslong standoff between President Joe Biden and Republicans in…
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U.S. President Joe Biden and the top Republican and Democrats in Congress are set to meet Tuesday at the White House amid an impasse about raising the country’s debt limit.  Republicans House Speaker Kevin McCarthy and Senate Minority…
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A picturesque tourist destination will host crisis-weary Southeast Asian leaders with sun-splashed tropical islands, turquoise waters brimming with corals and manta rays, seafood feasts, and a hillside savannah crawling with Komodo dragons.…
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Treasury Secretary Janet Yellen reiterated that the United States could run out of cash as early as June 1. Her warning comes days before President Joe Biden is expected to hold meetings with Democrats and Republicans about the need to…
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U.S. Treasury chief Janet Yellen warned Sunday of an “economic and financial catastrophe” for the United States and the world economy if President Joe Biden and Congress cannot agree on raising the country’s debt ceiling so the government…
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Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won't take away opportunities for investors, and he's confident America will continue to prosper over time. Buffett and…
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In the wake of three of the biggest bank failures in U.S. history over the past two months, Americans are increasingly jittery about the safety of their money, worried about instability in the banking sector and concerned that fear, whether…
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CAPE TOWN, SOUTH AFRICA — With 12 storeys, a breathtaking view of Cape Town's imposing Table Mountain and a minimal ecological footprint, the world's tallest building made with industrial hemp is soon to open its doors in South Africa.…
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America's employers added a healthy 253,000 jobs in April, evidence of a labor market that still shows surprising resilience despite rising interest rates, chronically high inflation and a banking crisis that could weaken the economy. The…
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The U.S. Small Business Administration has named Abdirahman Kahin, a Somali American restaurant chain owner in Minneapolis, Minnesota, as the National Small Business Person of the Year for 2023. Mohamud Mascadde in Minneapolis and Abdulaziz…
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