An Australia-based company is announcing plans to build a campus in New Mexico to expand its research into hydrogen as a source for producing heat for industrial applications

Jack Ma’s fortune is dwindling further as a planned repurchase of shares reveals a much reduced valuation for

President Joe Biden touted his economic record amid continuing dissatisfaction among Americans with the state of the US economy by saying his policies have proven effective. Mr Biden delivered a fiery speech on Wednesday in Chicago where he sought to flip a term that the Wall Street Journal outlets have used against him--Bidenomics--into a plus. “I didn’t come up with the name,” he said. “I think it’s a plan I’m happy to call Bidenomics.” The president, who is seeking re-election in 2024, said that the US economy has largely recovered from the recession caused by the Covid-19 pandemic and had sought to refute Republican economics. “Guess what? Bidenomics is working,” he said to applause. “When I took office, the pandemic was raging and the economy was reeling. Supply chains were broken. Millions of people were unemployed.” Despite low unemployment, many Americans continue to see inflation as a top priority. A survey from the Pew Research Center last week showed that 52 per cent of Democrats and 77 per cent of Republicans say inflation is still a “very big problem.” Mr Biden sought to soothe those concerns by saying he continues to prioritise lowering prices and noted how inflation is less than half of what it was one year ago. “Bringing down inflation remains one of my top priorities today,” he said. Mr Biden also mentioned the progress that his signature Inflation Reduction Act has made, such as allowing Medicare to negotiate drug prices. “We’ve been trying to get this done for decades and this time we finally beat big pharma for the first time,” he said. Read More Watch as Biden makes statement on economic policy in Chicago Cambodian leader Hun Sen, a huge Facebook fan, says he is jumping ship to Telegram Paul Ryan says Trump is only Republican candidate who would lose to Biden in 2024

MOSCOW Russian state-owned lender VTB will see profit of "not less" than 400 billion roubles ($4.9 billion) in

NASHVILLE, Tenn.--(BUSINESS WIRE)--Nov 17, 2023--

Financial stability risk in the European Union remains at a "severe" level and the downturn in the housing

The South Carolina hot pepper expert who set a world record for the hottest pepper a decade ago is at it again

A collapsed Interstate 95 bridge in Philadelphia is expected to reopen within the next two weeks, Pennsylvania Governor

Hollywood studios released the details of their contract proposal to film industry’s screenwriters, the latest salvo in their

A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande's plans for restructuring its more than $300 billion in debts

By Dietrich Knauth NEW YORK Crypto lender Celsius Network may have to seek a new creditor vote on

The global economic slowdown is starting to weigh on corporate efforts to achieve climate goals. Some 40% of