Economy

The White House's Council of Economic Advisers issued a warning earlier this month that a US debt default might precipitate a 45% decline in the stock market and lead to a severe recession similar to the Great Financial Crisis of 2008.…

China plans to build advanced industrial clusters in the Beijing-Tianjin-Hebei region, focusing on innovative products such as electric cars and robots. This initiative aims to enhance China's global market position through various…

The ACLU sued Florida over a law backed by Governor Ron DeSantis that bans most Chinese citizens from purchasing homes in the state. The lawsuit filed on Monday in federal court in Tallahassee argues that the law, scheduled to become…

Russia has focused its invasion efforts on the eastern Ukrainian city of Bakhmut, initially achieving territorial advancements. However, in more recent developments, the gains that Russia had previously achieved have experienced a…

The Biden administration and Republican lawmakers made steady progress in budget and Debt ceiling discussions, as reported by the White House. President Biden's upcoming visit to Japan for the G7 conference coincides with a critical…

G-7 leaders are set to implement measures increasing pressure on Russia as its ongoing invasion of Ukraine enters its second year. The G-7 leaders have convened in Hiroshima, Japan, for a three-day summit to engage in discussions…

Due to the weight of hundreds of billions of dollars in foreign loans, the majority of which are from China's debt trap, the biggest and most forgiving government lender in the world, twelve poor countries are at risk of experiencing…

The Pentagon announced on Thursday an overestimation of approximately $3 billion in the value of weapons and equipment sent to Ukraine. An error has been identified that will result in a larger allocation of U.S. defense funds being made…