US boosts alliance with the Philippines with $500 million funding and pact amid concern over China
MANILA, Philippines -- Washington’s top diplomat and defense chief announced $500 million in military funding Tuesday to boost Philippine defenses...
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UK’s new Treasury chief says previous government ‘covered up’ financial turmoil ahead of election
Britain’s new Treasury chief is alleging that the previous government covered up the dire state of the nation’s finances, as...
New UK Finance Minister to accuse last government of multi-billion pound ‘cover-up’ | World News
Britain's new finance minister, Rachel Reeves, will accuse the former Conservative government on Monday of committing to billions of pounds...
Amid tensions with China, some US states are purging Chinese companies from their investments
JEFFERSON CITY, Mo. -- As state treasurer, Vivek Malek pushed Missouri's main retirement system to pull its investments from Chinese...
EU sends first $1.6 billion from frozen Russia assets to Ukraine
The European Union says it had made 1.5 billion euros available to support Ukraine, the first tranche of money generated...
UK’s scrapped Rwanda migrant plan a ‘shocking waste’ of $904 million in public funds, minister says
The U_K_'s new home secretary says a scrapped plan by former British Prime Minister Rishi Sunak to send some migrants...
Britain’s Treasury chief vows to run the economy with ‘iron discipline’ amid demands for pay raises
LONDON (AP) — Britain’s new Treasury chief said Sunday she will run the economy with “iron discipline,” but suggested she’ll give public sector workers an above-inflation pay raise to help end a wave of strikes and strife.The Labour Party government is under pressure from supporters and trade unions to spend more on salaries and welfare benefits, two weeks after it was elected on promises not to hike personal taxes or increase public borrowing,“I think people know that things are a mess,” Treasury chief Rachel Reeves told the BBC, arguing the...
US announces $325M in funding to boost Puerto Rico solar projects | Business
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US announces $325 million in funding to boost Puerto Rico solar projects as power outages persist
SAN JUAN, Puerto Rico -- The U.S. government announced Thursday that $325 million in federal funds will be available for...
European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
FRANKFURT, Germany (AP) — The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again.The decision leaves the deposit rate at 3.75%, where it has stood after a single quarter-point cut rate at the previous meeting on June 6.That means home buyers and businesses hoping for lower interest rates in Europe are going to have to wait at least until the bank’s September meeting for...