Explainer-Debt ceiling standoff: What happens if Washington falls behind on its bills?
By Jason Lange WASHINGTON The U.S. government could fall behind on its bills next month - and even
2023-05-18 18:27
Factbox-Biden, McCarthy debt ceiling deal - what's in, what's out
WASHINGTON U.S. President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, hope
2023-05-18 18:26
BT to cut up to 55,000 jobs by 2030 as fibre and AI arrive
By Paul Sandle LONDON (Reuters) -BT Group, Britain's biggest broadband and mobile provider, will cut up to 55,000 jobs including
2023-05-18 18:25
U.S. Democrats warn Biden against toughening aid for the poor
By Richard Cowan and Leah Douglas WASHINGTON Democrats in the U.S. Congress expressed frustration with President Joe Biden's
2023-05-18 18:22
Debt restructuring no panacea for Chinese developers as challenges loom
By Clare Jim and Xie Yu HONG KONG A shrinking land bank and sluggish property demand are likely
2023-05-18 16:20
BT will shed as many as 55,000 workers by 2030
BT Group is planning to slash up to 55,000 jobs in the next five to seven years as it turns to technology to cut costs and simplify its business.
2023-05-18 15:58
BT to Cut Up to 42% of Jobs by 2030 Following Fiber Rollout
BT Group Plc said it plans to cut its labor force, including employees and contractors, by as much
2023-05-18 15:51
Six Pacific countries at high risk of debt distress - World Bank
WELLINGTON Six Pacific countries are at a high risk of debt distress in part due to government spending
2023-05-18 13:58
Biden administration proposes new rule to prevent students from incurring crippling debt at for-profit colleges
The Biden administration proposed a new rule Wednesday meant to prevent students from taking on an unaffordable amount of student loan debt to attend for-profit colleges and certificate programs at nonprofit colleges.
2023-05-18 07:19
Charles Schwab to raise $2.5 billion in long-term debt - WSJ
Charles Schwab Corp is looking to raise $2.5 billion in long-term debt, the Wall Street Journal reported on
2023-05-18 06:52
Are you worried about the US defaulting on its debt?
The United States risks could run out of money to pay its bills if Congress is not able to reach an agreement on the debt ceiling. It could happen as soon as June 1, according to warnings from Treasury Secretary Janet Yellen, and could have potentially have far-reaching and dire consequences for Americans, including people who receive benefit payments or run a small business or who are trying to buy a home.
2023-05-18 02:51
Bank CEOs huddle with Schumer on the debt ceiling
Senate Majority Leader Chuck Schumer urged JPMorgan Chase CEO Jamie Dimon and other leading bank executives during a meeting on Wednesday to push all members of Congress to take the threat of a disastrous default off the table, a person familiar with the matter told CNN.
2023-05-18 01:57