The Republican-controlled House of Representatives is expected to try this week to approve dramatic budget cutbacks that have little chance of becoming law and might precipitate a partial government shutdown by next Sunday. When Republicans hammered out a spending agreement with Democratic President Joe Biden this spring, House Speaker Kevin McCarthy hoped to prevent that … Read more
After central banks last week reiterated the idea that interest rates will remain higher for longer, Asian shares were cautious on Monday as investors prepared for U.S. and European inflation data. The markets will also be watching for more indicators of whether China’s economy is picking up steam. The Bank of Japan did not alter … Read more
Oil prices increased on Monday as traders concentrated on a tighter supply outlook following Moscow’s temporary restriction on gasoline exports while avoiding any interest rate increases that may stifle demand. After closing 3 cents lower on Friday, Brent crude futures increased 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT. U.S. West Texas … Read more
In a significant development that might hasten the end of a record, 146-day writers’ strike, the Writers Guild of America and the labor union representing studios and streamers have struck a tentative agreement on a new contract. On Sunday night, the Writers Guild of America informed the strike commanders by email. After studios complied with … Read more
According to Yonhap, Sergey Lavrov, the Russian Federation’s minister of foreign affairs, will travel to Pyongyang in October to further the agreements between the leaders of North Korea and Russia. Lavrov claims that the visit will carry out the commitment made by Kim Jong-un and Vladimir Putin to strengthen ties and collaboration between the two … Read more
Even China’s 1.4 billion people wouldn’t be able to fill all the vacant flats strewn around the nation, a former official claimed on Saturday in a rare instance of public criticism of the crisis-hit real estate sector in the nation. The once-important Chinese real estate market has been in free fall since the real estate … Read more
State Representative John Bryant, D-Dallas, said it’s time to actively oppose Republicans after the left was “unwilling to work together” during the 2023 legislative session, which was disappointing for Texas Democrats. In a Saturday panel discussion at The Texas Tribune Festival, Bryant, Trey Martinez Fischer, D-San Antonio, and Victoria Neave Criado, D-Dallas, explored the lack … Read more
Canadian Prime Minister Justin Trudeau has pledged to support Ukraine in a number of ways, including through military, economic, and humanitarian aid. He has also promised to back up his diplomatic efforts by taking action to penalize Russia for the conflict. In a joint press conference with the president of Ukraine, Volodymyr Zelenskyy, on Friday … Read more
This weekend, a NASA spacecraft carrying a sample of hard material that was taken three years ago from the surface of an asteroid hurtled toward Earth on its way to a blazing ascent through the atmosphere and a Sunday parachute landing in the Utah desert. The robotic spacecraft OSIRIS-REx was on target to release the … Read more
According to the U.S. National Hurricane Center, Tropical Storm Ophelia was forecast to make landfall early on Saturday morning along the coast of North Carolina and could bring with it strong gusts and potentially life-threatening sea surges. According to a center update at 11 p.m. on Friday, the weather system was expected to create life-threatening … Read more