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McCarthy announces tentative debt limit deal with White House

Speaker Kevin McCarthy announced at a brief presser on Saturday night that House Republicans and the White House have reached a tentative deal to raise the federal gove

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Biden says debt default deal ‘very close’ while deadline now set at June 5

President Joe Biden said a deal to resolve the government’s debt ceiling crisis seemed “very close” late Friday, even as the deadline for a potentially catastrophic def

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U.S. default looms as debt agreement fails

U.S. President Joe Biden and House Speaker Kevin McCarthy failed to reach an agreement on the debt ceiling on Monday, U.S. media reported. Biden said their talks were "

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APD | Weekly top 10 hot news (May 20- May 26)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UN chief calls for '

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G7 finance chiefs caution economic outlook as U.S. debt crisis looms

Finance leaders of the Group of Seven (G7) nations warn about the U.S. debt crisis and urge caution amid mounting global economic uncertainty in a three-day meeting end

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5 policy areas where Trump broke ground -- or evaded -- in CNN town hall

Former President Donald Trump's town hall on CNN Wednesday featured no shortage of theatrics, from calling moderator Kaitlin Collins "nasty" to sparking laughs from a s

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Scalise calls for Biden to 'get off the sidelines' for debt ceiling talks

House Majority Leader Steve Scalise on Sunday urged President Joe Biden to negotiate with Speaker Kevin McCarthy amid the threat of political brinkmanship over raising

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UBS to take over Credit Suisse

willworth biggest bank UBS will take over Credit Suisse for 3.25 billion as part of an effort to restore trust in the global banking system the Swiss government said.

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The U.S. reaches it's debt ceiling

The U.S. government has hit its borrowing limit, known as the debt ceiling.The U.S. Treasury is moving money around to keep the government from defaulting, says Treasur

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APD | Weekly top 10 hot news (July.02- July.08)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | UK's Northern Irelan

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Chinese, U.S. senior officials hold video talk on economic issues

Chinese Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a video talk on economic issues Tuesday.The two sides had a pragmatic and candid exchange of v

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Yellen warns European ban on Russian energy could harm economies

U.S. Treasury Secretary Janet Yellen warned on Thursday that a European ban on Russian oil and gas imports could harm the global economy.Major European countries includ

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APD | Criticism on President Joe Biden’s decision to avert Afghan assets to victims of 9/11

Author: Prof. Engr. Zamir Ahmed Awan, Sinologist (ex-Diplomat), Editor, Analyst, Non-Resident Fellow of CCG (Center for China and Globalization), National University o

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Biden's 'Uygur Forced Labor Prevention Act,' Intel's apology

A cotton harvester is operating in a cotton field near Wujiaqu City, Xinjiang Uygur Autonomous Region, northwest China, October 20, 2021. /VCG. Editor's note:StephenNdegwais a Nairobi-based co

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The US just avoided an economic crisis thanks to an exception to the filibuster

The Senate avoided a debt default on Tuesday — in a unique way.Lawmakers voted 50-49 to raise the debt limit by $2.5 trillion, a figure that’s expected to tide the gove

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Xi-Biden meeting: 'Thorough, in-depth' talks conducted on Taiwan question, trade, climate change

China and the U.S. agreed to continue to maintain close contact through various means and bring bilateral relations back to the right track of sound and steady developm

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Contradictions define the G20 Summit

The first sign that the G20 summit, which took place over the weekend in Rome, might be defined by contradictions occurred before the summit had even started. Despite p