After the Treasury Department warned that a June 5 default loomed in the absence of action, Democratic President of the United States Joe Biden and a Republican negotiator announced on Friday that they were working on an agreement to raise the U.S. government's $31.4 trillion debt ceiling....

Milk prices are rising, and they are not anticipated to decrease until November in India, the world's dairy superpower.   “In the last 15 months there has been [an] extraordinary increase in milk and dairy products, around 14-to-15%,” said RS Sodhi, former managing director of India’s number...

US President Joe Biden and top congressional Republican Kevin McCarthy are nearing an agreement that would lift the government's $31.4 trillion debt ceiling for two years while capping expenditure on the majority of things, according to reports in the media quoting sources.   The official,...

Wang Wentao, China's minister of commerce, will meet Katherine Tai, the U.S. trade representative, and U.S. Commerce Secretary Gina Raimondo while in the country, his ministry announced on Thursday.   According to Shu Jueting, a spokesperson for the Chinese trade ministry, Wang and Raimondo...

In an effort to negotiate an agreement to raise the United States' $31.4 trillion debt ceiling and prevent a catastrophic default, negotiators for Democratic President Joe Biden and senior legislative Republican Kevin McCarthy met on Wednesday.   U.S. House Speaker McCarthy declared that...

Early in 2023, recession hit the German economy as consumer spending in Europe's economic engine finally buckled under the weight of soaring inflation.   According to a second estimate released by the statistics office on Thursday, the gross domestic product decreased by 0.3% in the first...

According to sources of El Confidencial newspaper, Repsol plans to sell 49% of its stakes in a portfolio of operating or upcoming wind and photovoltaic projects in Spain. The deal is just getting started, notes El Confidencial, and will likely be finished by the end of the year. The estimated cost...

The International Monetary Fund stated on Monday that it no longer anticipates that the British economy will enter a recession this year. However, it warned that the prognosis remained dim.   According to the IMF, the UK's GDP would likely increase by 0.4% in 2023. The poorest projection of...

Despite having only 10 days before a potential default that might destroy the US economy, US President Joe Biden and House Speaker Kevin McCarthy promised to continue their discussions. The US government's $31.4 trillion debt ceiling must be raised.   The president of the United States, a...