President Xi Jinping’s signature infrastructure gambit was supposed to connect Asia, Africa and Europe through a network of railroads and trade deals, cementing China’s global influence. A decade on, it’s run into a diplomatic wall at the European border.
The US’s top diplomat in China called on President Xi Jinping’s government to denounce terrorism by Hamas, citing Beijing’s stance toward the group as yet another challenge in fraught ties between the world’s biggest economies.
General Motors Co. and the United Auto Workers are moving toward a tentative agreement that would put an end to a major strike that’s dragged on for more than a month, according a top union negotiator.
UBS Group AG is poised to start its next wave of job cuts at Credit Suisse, this time targeting about 10% of support staff, likely in areas such as compliance, risk and marketing, Financial News reported.
A real estate executive contradicted Eric Trump’s claim that he had no role in appraisals of a luxury golf development at the center of a civil fraud trial, where the state of New York alleges he and his father, Donald Trump, inflated asset values to get better loan terms.
Foreign money managers are bailing on some of the biggest names in China’s technology sector as a global exodus from the nation’s equities deepens.
UK consumer confidence fell the most since the start of the coronavirus pandemic as cash-strapped households felt the impact of persistent inflation and higher interest rates.
English councils are grappling with £4 billion ($4.9 billion) gap in their finances over the next two years, threatening to further fuel a wave of bankruptcies that’s crippling local authorities.
(Bloomberg) — The Federal Reserve should hold interest rates steady even though economic growth is coming in a bit faster than expected, Philadelphia Reserve Bank President Patrick Harker said.
Bank of Baroda, one of the largest state-run banks in India, has suspended dozens of executives and is clawing back their benefits as it probes irregularities related to the on boarding of customers to its mobile app, according to people familiar with the matter.
