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U.S. will hit its debt limit Thursday, start taking steps to avoid default, Yellen warns Congress

January 13, 2023 by admin

Treasury Secretary Janet Yellen wrote House Speaker Kevin McCarthy, “It is unlikely that cash and extraordinary measures will be exhausted before early June.”

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LVMH owner Bernard Arnault promotes daughter to run Christian Dior

January 12, 2023 by admin

In a reshuffling of top management at his luxury goods empire, the world’s richest man — LVMH chairman and CEO Bernard Arnault — tightened his family’s grip by appointing his …

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Consumer prices fell 0.1% in December, in line with expectations from economists

January 12, 2023 by admin

The consumer price index was expected to decrease 0.1% on a monthly basis and increase 6.5% from a year ago in December, according to Dow Jones.

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At least 13 killed as suicide bomber targets Afghan Taliban regime

January 11, 2023 by admin

A member of the Taliban security forces stands guard on a blocked road after a suicide blast near Afghanistan’s foreign ministry, at the Zanbaq Square in Kabul, January 11, 2023. …

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The West’s oil war against Russia is starting to take its toll β€” sparking calls for tougher measures

January 11, 2023 by admin

Russia’s revenue from fossil fuel exports collapsed in December, according to a new report, hampering Moscow’s ability to finance the war in Ukraine.

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Constantine, the last king of Greece, dies at 82

January 10, 2023 by admin

Constantine, the former and last king of Greece, has died at a private hospital in Athens, his doctors announced late Tuesday. He was 82. Staff at the private Hygeia Hospital …

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Powell says Fed might have to make unpopular decisions to stabilize prices

January 10, 2023 by admin

The central bank leader noted that stabilizing prices requires making tough decisions that can be unpopular politically.

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FBI fugitive wanted for role in Texas murder-for-hire plot arrested in Mexico

January 10, 2023 by admin

Mexican cartel leader ‘El Gato’ connected to Southlake slaying arrested José Rodolfo Villareal-Hernandez, a Mexican cartel leader known as “El Gato” who is wanted in the U.S. for his alleged …

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Swiss central bank posts biggest loss in its 116-year history

January 9, 2023 by admin

The central bank took a massive hit on its large pile of foreign currency holdings as the Swiss franc strengthened.

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Supporters of Brazil’s Bolsonaro storm Congress, other federal buildings

January 9, 2023 by admin

Bolsonaro supporters storm Brazilian Congress Rio de Janeiro — Supporters of former Brazilian President Jair Bolsonaro who refuse to accept his election defeat stormed Congress, the Supreme Court and presidential …

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