Recession alarm bells are ringing, but less loudly than before
The rapid reopening of China’s economy, plunging European gas prices and cooling US inflation suggest a global recession may not be as deep and protracted as feared just weeks ...
U.S. defence heads talk “priorities” for allies’ meeting
U.S. Defense Secretary Lloyd Austin and Ukrainian Defence Minister Oleksii Reznikov discussed “priorities”, including air defence and artillery, for upcoming meetings of Kyiv’s allies in Brussels, both sides ...
Biden lauds ‘bipartisan progress’ as he dines with Republican, Democratic governors
U.S. President Joe Biden appealed to Republican and Democratic governors on Saturday to continue working across political divides to improve Americans’ lives and rebuild the economy after the hardships ...
US says it shot down object over Alaska, size of small car
A US fighter jet on Friday shot down over Alaska a high-altitude object that was the size of a small car, on the order of President Joe Biden, the White ...
JPMorgan CEO says too early to declare victory against inflation
The chief executive of JPMorgan Chase & Co. (JPM.N), the biggest US bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates ...
Airbus urges suppliers to carry extra stocks amid output snags
Airbus (AIR.PA) laid down the law to its stretched supply chain on Wednesday, with a senior US executive reminding contractors to meet timing and quality targets and recommending that ...
Famed US composer Burt Bacharach dies at age 94
Composer Burt Bacharach, whose hits such as “Do You Know the Way to San Jose” and “Raindrops Keep Fallin’ on My Head” provided a mellow alternative soundtrack to rock and ...
Porn star Ron Jeremy committed to state mental hospital
Porn star Ron Jeremy was committed to a state mental health hospital after being found incompetent to stand trial on rape and other charges, a spokesperson for the Los Angeles ...
Investors’ reactions to Biden’s State of the Union speech
Following are reactions from analysts and investors to US President Joe Biden’s State of the Union speech on Tuesday, in which he challenged Republicans to lift the debt ceiling ...
Shoppers to face fresh price hikes as stores, suppliers pass on costs
Grocery costs seen rising further in 2023 -executives, analysts
Input costs exacerbated by Ukraine war
Retailers seeking to pass on high raw material costs
Unilever, Nestle, Danone to report results this ...
FBI charges neo-Nazi leader in plot to attack Baltimore power grid
The U.S. Justice Department has charged a neo-Nazi leader and his associate with plotting to attack Baltimore’s power grid, a plan the FBI thwarted with the help of ...
Dollar’s gyrations raise hedging costs for US companies
Wild swings in global currencies hammered corporate earnings in the past year, and while forex markets have gotten less choppy, some companies are seeking ways to guard profits and lower ...
How China’s balloon over America steered its way into spying history
When China’s suspected surveillance balloon first passed into U.S. airspace north of Alaska’s Aleutian Islands on Jan. 28, American officials believed there was a good chance it would ...
Musk says to attempt Starship launch in March
SpaceX may attempt a Starship rocket system launch in March, its billionaire chief Elon Musk said in a tweet on Saturday.
“If remaining tests go well, we will attempt a ...
The EU response to the United States Inflation Reduction Act
By Maria Demertzis
Very little comes out of US policy these days that does not aim to either decouple from China or somehow reduce China’s global reach. The US ...
US fighter jet shoots down suspected Chinese spy balloon with missile
A U.S. military fighter jet shot down a suspected Chinese spy balloon off the coast of South Carolina on Saturday, a week after it first entered U.S. airspace ...
US warned Turkey on exports seen to boost Russia’s war effort, official says
The United States warned Turkey in recent days about the export to Russia of chemicals, microchips and other products that can be used in Moscow’s war effort in Ukraine, ...
Elon Musk’s Tesla tweets are debated as trial nears end
A trial over whether Elon Musk should be liable for tweeting in 2018 about financing for a buyout of Tesla neared its end on Friday, with a lawyer for unhappy shareholders ...
Longer-range rockets included in $2 bln pledge for Ukraine
A new rocket that would double Ukraine’s strike range for the first time in its war with Russia was included in a more than $2.175 billion military aid package to ...
Fashion designer Paco Rabanne dies aged 88
Paco Rabanne, the Spanish-born designer best known for his metallic ensembles and space age designs of the 1960s, has died at the age of 88.
The death in Portsall, Brittany, of ...
Chinese spy balloon changes course, floating over central United States-Pentagon (Update)
A Chinese spy balloon has changed course and is now floating eastward at about 18,300 meters over the central United States, demonstrating a capability to maneuver, the US military said on ...
US Congress warns Turkey that F-16 sale depends on NATO approval
The U.S. Congress cannot support the $20 billion sale of F-16 fighter jets to Turkey until Ankara ratifies the NATO memberships of Sweden and Finland, a bipartisan group of senators ...
Chinese spy balloon flies over the US, Canada watching a potential second
A suspected Chinese spy balloon has been flying over the United States for a couple of days, U.S. officials said , in what would be a brazen act just days ...
U.S. targets global sanctions evasion network supporting Russia
The United States imposed sanctions on 22 individuals and entities in multiple countries that it accused of being tied to a global sanctions evasion network supporting Russia’s military-industrial complex.
The ...