Wednesday, 27th, 2024 | 6:36AM Updated

Electricity pylons and power lines are pictured at a power station near Yumen, Gansu province, China
China's power crunch dwarfs Evergrande's troubles in investors' eyes

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.

Chairman of the Joint Chiefs of Staff General Mark Milley speaks during a Senate Armed Services Committee hearing on the conclusion of military operations in Afghanistan and plans for future counterterrorism operations, on Capitol Hill in Washington, U.S
Top U.S. general Milley staunchly defends calls with China

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."

Senator Elizabeth Warren (D-MA) speaks to journalists following a closed door Senate Armed Services Committee hearing on Capitol Hill in Washington, U.S.,
U.S. Senate's Warren calls Powell 'dangerous man' to lead the Fed

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.

Federal Reserve building is pictured in Washington, DC, U.S.
Ready to taper or waiting for more data? Recent Fed officials' comments

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.

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Prime Minister Ariel Henry signs a document at an office during the signing ceremony of the
Haiti's elections postponed after electoral council dismissed

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.

Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S.
Yellen says U.S. may exhaust cash by Oct 18 barring debt ceiling rise

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 speaks during a Senate Armed Services Committee hearing on the conclusion of military operations in Afghanistan and plans for future counterterrorism operations, on Capitol Hill in Washington, U.S.
Afghan army collapse 'took us all by surprise,' U.S. defense secretary

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.

The U.S. Capitol Building is pictured in Washington, U.S.,
Explainer-What happens when the U.S. federal government shuts down?

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.

Commander of the Colombian Military Forces, General Luis Fernando Navarro, speaks during a news conference about the participation of several Colombians in the assassination of Haitian President Jovenel Moise, in Bogota
At least 10 FARC dissidents killed in Colombia bombing, military says

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’s Ambassador to Afghanistan, Mansoor Ahmad Khan, speaks during a discussion, in this screen grab taken from a video, in Kabul, Afghanistan
Pakistan discussing expansion of CPEC to Afghanistan -ambassador

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 fire, suspend staff who refuse COVID vaccine

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.

A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo
U.S. pandemic fraud crackdown yields first case against bank employees

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.

An American flag flies outside of the U.S. Capitol dome in Washington, U.S.,
U.S. Senate fails to advance debt ceiling, government funding measure

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 Pentagon logo is seen behind the podium in the briefing room at the Pentagon in Arlington, Virginia, U.S
U.S. successfully flight tests Raytheon hypersonic weapon -Pentagon

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.

Lava and smoke rise following the eruption of a volcano on the Canary Island of La Palma, in Todoque, Spain
La Palma volcano spurts again as lava nears the sea

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.

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