Wednesday, 27th, 2024 | 6:36AM Updated
China's power supply crunch, that has shut factories across the country, may pose a much bigger threat to the economy than the debt crisis at Evergrande Group, prompting investors to shun industries vulnerable to power shortages such as steelmaking and construction.
General Mark Milley, the top U.S. military officer, on Tuesday defended calls with China that have raised Republican demands for his resignation, saying he had been aiming to ease tension with Beijing and not to "usurp authority."
A top Senate Democrat on Tuesday said she would vote against a reappointment of Jerome Powell as chair of the U.S. Federal Reserve, calling him a "dangerous man" to lead the central bank.
The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track.
Haiti's general election, which had been scheduled for Nov. 7, has been postponed after Prime Minister Ariel Henry dismissed the council that organizes elections, which many in the country had felt was too partisan.
U.S. Treasury Secretary Janet Yellen told lawmakers on Tuesday the government could run out of cash by Oct. 18 unless Congress acts to lift the federal debt limit in advance of the Treasury Department exhausting efforts to preserve resources.
U.S. Defense Secretary Lloyd Austin told Congress on Tuesday that the Afghan army's sudden collapse caught the Pentagon off-guard as he acknowledged miscalculations in America's longest war including corruption and damaged morale in Afghan ranks.
Washington is racing to avert a partial government shutdown that could lead to furloughs for hundreds of thousands of federal workers in the middle of a national health crisis.
At least ten members of a group of FARC rebel dissidents were killed in an armed forces bombing in Colombia's southeastern jungle, the head of the military said on Monday.
Pakistan has discussed Taliban-led Afghanistan joining the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project, the Pakistani ambassador to the country said on Monday.
New York hospitals on Monday began firing or suspending healthcare workers for defying a state order to get the COVID-19 vaccine, and resulting staff shortages prompted some hospitals to postpone elective surgeries or curtail services.
U.S. prosecutors have brought what is believed to be the first case against bank employees who allegedly exploited multi-billion dollar programs aimed at helping small businesses survive the COVID-19 pandemic.
A sharply divided U.S. Senate failed on Monday to advance a measure to suspend the federal debt ceiling and avoid a partial government shutdown, as Republican lawmakers denied the bill the votes necessary to move forward.
The United States has tested an air-breathing hypersonic weapon capable of speeds faster than five times the speed of sound, marking the first successful test of the class of weapon since 2013, the Pentagon said on Monday.
A volcano on Spain's La Palma island began ejecting lava again on Monday after a lull, while hundreds of people in coastal villages hunkered down in anticipation of lava emitted in previous days reaching the sea and releasing toxic gas.
A "Golden Bridge of Silk Road" structure has been erected in Beijing's Olympic Park.