"Hostile" US policies on China risk splitting the world into two blocs, Nobel-winning economist Joseph Stiglitz told AFP on Friday, urging the West to offer investment not "lectures" to developing countries.. - US default risk 'significant' - The West meanwhile is investing "very little" in developing economies, compared to countries like China, said the 80-year-old American, a former World Bank chief economist.
Britain's economy grew 0.1 percent over the first quarter despite weakening in March, official data revealed Friday, as output continues to be hit by high inflation and strikes.. The data comes one day after the Bank of England forecast that the UK economy would avoid recession this year despite the country's annual inflation stuck above 10 percent.
Asian markets fluctuated Friday as traders weighed a range of issues including US debt ceiling hopes, high-level talks between Washington and Beijing, banking sector uncertainty and more signs of a slowing economy.. Eyes are also on Washington, where much-anticipated debt ceiling talks between President Joe Biden and Republican leaders were postponed until next week, with sources saying staff-level discussions were progressing.
A six-year wait came to an end for "Zelda" fans across the world on Friday as Nintendo released the long-awaited next instalment of its 40-year-old gaming saga.. The prediction makes the Zelda release vital for the company.
Messaging app Telegram calls it an "attack on democracy," Google says it "seriously threatens free speech" -- but what exactly is in Brazil's controversial measure to regulate disinformation online?. - Telegram sent a message Tuesday to its more than 40 million users in Brazil warning that Congress "is about to pass a law that will end free speech" and "give the government censorship powers."
US President Joe Biden has been considering the "14th Amendment" option to avert a debt ceiling crisis, as the deadline to resolve an impasse on lifting the borrowing limit fast approaches.. By some arguments, this provision renders the debt limit unconstitutional, allowing the US Treasury to violate it if policymakers fail to resolve their impasse, and raise cash to avert a major impact on public debt.
Hundreds of Cuban tradespeople and independent owners of small businesses on Thursday sent a letter to President Joe Biden urging him to follow through with promised US assistance to the island's struggling private sector.. In May 2022, Biden pledged to "increase support for independent Cuban entrepreneurs" and help the private sector grow.
Elon Musk on Thursday said he has hired someone to replace him as boss of Twitter and its newly named X Corporation parent.. "Excited to announce that I've hired a new CEO for X/Twitter," Musk said in a tweet, without disclosing the name of his replacement but adding that she would start in the job in about six weeks.
Crunch talks between US President Joe Biden and senior Republicans have been postponed until early next week to allow staff to continue working, the White House said in a statement Thursday. . "President Biden and Senator Schumer are stuck on no, they have no plan, no proposed savings and no clue," he told reporters shortly after the White House announced the talks had been postponed.
A YouTuber pilot who bailed out midair and deliberately sent his plane crashing into the ground could be jailed up to 20 years after agreeing to plead guilty to obstructing a US investigation, authorities said Thursday.. He has agreed to plead guilty to one count of destruction and concealment with the intent to obstruct a federal investigation, a crime that carries a statutory maximum sentence of 20 years in federal prison.
