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What happens if US fails to lift debt limit by June 5?
Treasury Secretary Janet Yellen on Friday updated the date for a possible US debt default to June 5 if Congress fails to raise the ceiling on borrowing, pushing back a previous estimate of June 1.
US debt default negotiators get extra breathing room
Democrats and Republicans inched towards a deal Friday to avoid a crippling US debt default -- and won a bit of extra breathing room as the Treasury Department pushed back the date the government's money will run out.
US, China wrangle on trade in rare talks
The United States and China sparred over trade issues Friday but promised to keep lines of communication open as Beijing's commerce minister paid a rare visit after a period of soaring tensions.
IMF slightly lifts US 2023 growth forecast
The International Monetary Fund slightly raised its forecast for 2023 US economic growth Friday while noting that a slowing economy will likely lead to a small increase in unemployment in 2024.
WHO backs farmers to grow food instead of tobacco
The World Health Organization said Friday it was helping a growing number of farmers turn away from tobacco to help strengthen food security, particularly in Africa.
Ken Loach at Cannes: 'working class is undefeated'
At 86, British director Ken Loach showed he still had fighting spirit at Cannes, presenting his latest moving homage to working class solidarity and saying: "we're still in the game".
Washington inches closer to debt deal
Democrats and Republicans inched towards a deal Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world's biggest economy within days.
BA cancels dozens of Heathrow flights before long weekend
London's Heathrow airport was hit by disruptions Friday as UK's flag carrier airline British Airways cancelled dozens of flights over the course of two days following a technical issue.
Stocks climb on debt deal hopes
Stock markets advanced Friday on talk of progress in negotiations to avert a calamitous US debt default although fresh data raised the likelihood of more interest rate hikes.
Turkey rides nationalist wave in historic election
Suffering a massive economic crisis and surrounded by countries at war, Turkey is witnessing a resurgence of nationalism that has impacted the fate of its biggest election of modern times.
Stocks advance on debt deal hopes
Stock markets mostly advanced Friday on talk of progress in talks to avert a calamitous US default draws closer and data showing.
Celine Dion cancels 2023-2024 shows over health
Pop icon Celine Dion on Friday cancelled all her remaining shows scheduled for 2023-2024, saying she was not strong enough to tour as she battles a rare neurological disorder.
Oil majors go slow on green transition despite pressure
Most oil majors are stepping up investments in green energy but they are facing a barrage of recriminations and protests from activists for their refusal to completely forsake fossil fuels.
Philip Morris boss campaigns to sell more heated tobacco
US tobacco giant Philip Morris International is fighting to get Britain, France and other countries to make it easier to promote alternatives to cigarettes such as heated tobacco and vaping.
European stock markets struggle on US debt nerves
Europe's stock markets struggled Friday with investors nervous as a deadline to avert a calamitous US default draws closer.
Beloved Hong Kong bun festival returns after three years
Clanging gongs, dragon dances and costumed children paraded on poles Friday heralded the return of the Bun Festival to Hong Kong's island of Cheung Chau after three years of a pandemic-induced hiatus.
Growing old on the Croisette: Loach leads Cannes silver foxes
While much talk at Cannes this year has been about the unprecedented seven women directors in competition, an impressive cavalcade of ageing maestros has charmed the French Riviera festival, with 86-year-old Ken Loach entering the race on Friday.
Berlin police probe Pink Floyd's Roger Waters over Nazi-style uniform
Berlin police said Friday they were investigating Pink Floyd co-founder Roger Waters for incitement to hatred after he donned a Nazi-style uniform at a concert in the German capital.
Travel industry looks to Chinese tourists to cap post-Covid rebound
The return of Chinese tourists to destinations worldwide will top off a spectacular post-coronavirus global tourism revival this year, according to industry leaders.
Equity markets mostly rise on US debt ceiling optimism
Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits on trading floors Friday, though investors remain nervous as a deadline to avert a calamitous default draws closer.
In Sudan's capital, risking death in search of water
Fighting in Sudan has left hundreds of thousands of Khartoum residents without running water, with some forced to risk their lives and seek it out during brief lulls in violence.
Asian markets mostly rise on US debt ceiling optimism
Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits in Asia on Friday, though traders remain nervous as a deadline to avert a calamitous default draws closer.
Difficult times bring Russia and Cuba closer together
For the first time since the breakup of the Soviet Union, Russia is taking an intense interest in Cuba as Moscow has become increasingly isolated over its invasion of Ukraine.
Global stocks struggle but tech shares lifted by AI
Global stock markets wobbled Thursday as the US debt standoff dragged on and Germany entered recession, but tech shares surged after US chip firm Nvidia reported bumper earnings thanks to the AI boom.
Lufthansa signs deal for stake in Italy's ITA Airways
Lufthansa agreed on Thursday to buy a stake in ITA Airways, created from the ashes of state-owned Alitalia, marking the German airline giant's expansion in a key European market.
France charges five military personnel over 2021 Channel migrant boat tragedy
French prosecutors Thursday charged five military personnel over failing to come to the resue of dozens of people aboard a stricken migrant boat crossing the Channel to Britain in 2021, a judicial source said.
Animal rights activists 'rescue' lambs from farm on royal estate
Animal rights campaigners said on Thursday they had "rescued" three lambs from slaughter on a farm on King Charles III's Sandringham estate in eastern England.
Dark, lustful and complex: It's a woman's world at Cannes
From a sex offender to far-from-perfect mothers and girls unabashedly exploring their sexuality, this year's Cannes Film Festival has thrown out the stereotype of the one-dimensional female character.
Markets struggle but tech shares soar over AI
Global stock markets struggled Thursday as the US debt standoff dragged on and Germany entered recession, but tech shares surged after US chip firm Nvidia reported bumper earnings thanks to the AI boom.
Japan central bank chief admits 'big gap' on women officials
A "big gap" exists between female representation at Japan's central bank and its overseas counterparts, the bank's new governor Kazuo Ueda acknowledged Thursday.
Police Scotland is 'institutionally racist': chief constable
Police Scotland is "institutionally racist" and "discriminatory", the force's chief constable said on Thursday, after a review into its culture.
Graft case MEP Kaili allowed to remove electronic tag
Greek MEP Eva Kaili, the face of the "Qatargate" corruption scandal, has been allowed to remove an electronic ankle tag and freed from house arrest pending trial, prosecutors said Thursday.