Category: Foreign News

The United States could run out of money to pay its financial obligations – risking a catastrophic default – as early as the start of June, Treasury Secretary Janet Yellen said on Monday (May 1), as policymakers tussle over raising the debt ceiling.

A huge earthquake killed about 1,700 people and injured thousands more on Monday in central Turkey and northwest Syria, flattening apartment blocks and heaping more destruction on Syrian cities already devastated by years of war.

Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection.

The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday.

Indian Prime Minister Narendra Modi’s mother, Heeraben, died in the early hours of Friday at the age of 99.

The Maldives criminal court on Sunday sentenced former president Abdulla Yameen to 11 years in prison and fined him $5 million after finding him guilty of corruption and money laundering charges related to receiving kickbacks from a private company.

Twitter has told employees that the company’s office buildings will be temporarily closed, effective immediately.

PALM BEACH, Fla. – Donald Trump, the only president impeached twice, launched a campaign to reclaim the Oval Office on Tuesday, two years after voters ousted him and a week after they rejected his hand-picked candidates in several pivotal Senate races.

The world population surged past 8 billion people on Tuesday, the United Nations said, warning that more hardship is in store for regions already facing resource scarcity due to climate change.

Former Pakistan Prime Minister Imran Khan was shot in the shin on Thursday when his anti-government protest convoy came under attack in the east of the country in what his aides said was a clear assassination attempt.

At least 60 people died and many are feared injured after a century-old cable suspension bridge collapsed into a river Sunday evening in the western Indian state of Gujarat, sending hundreds plunging in the water, officials said.

The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, according to the World Bank’s latest Commodity Markets Outlook report.

Western countries this week ratcheted up their criticism of China, the world’s largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.

Russian President Vladimir Putin on Monday granted Russian citizenship to former U.S. intelligence contractor Edward Snowden, nine years after he exposed the scale of secret surveillance operations by the National Security Agency (NSA).

The British pound has fallen to a record low on Monday against the dollar and other currencies as markets react to the UK government’s biggest tax cuts in 50 years.