By Clare Jim HONG KONG The debt crisis at Country Garden, China's largest property developer before this year

Two of the U.K.’s biggest mobile phone operators have agreed to merge their businesses to capitalize on the rollout of next-generation 5G wireless technology in the country

The Senate has passed a bipartisan agreement forged by US president Joe Biden and House speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives. The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday night. The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a Republican rebellion that badly undermined Speaker McCarthy’s claims to control over his increasingly divided party. On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Senate majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature. Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history. Read More Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Lauren Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?

Sony’s profits between April and June slipped 17%, as worries grew about revenue damage from a strike in the movie sector

Shell has agreed to pay $10 million to resolve allegations that it polluted the air around its massive new petrochemical refinery in western Pennsylvania

Oracle Corp agreed to prepay $104.1 million for processor chips made by startup Ampere Computing, according to Oracle's

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jun 19, 2023--

Japan’s Prime Minister Fumio Kishida said he’ll intensify efforts to realize a meeting with North Korean leader Kim

By Corina Pons MADRID Zara owner Inditex said on Thursday it had reached an initial agreement to transfer

By Arunima Kumar and Arshreet Singh (Reuters) -Hawaiian Electric Industries is seeking expert advice amid growing scrutiny over its role

JPMorgan Chase & Co. has made a $200 million commitment to pull carbon from the air. That includes

Americans' credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they've surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.