Business and Economy

Tesla boss Elon Musk kicks off high-stakes China trip
China’s foreign ministry quoted Musk as saying he wanted to expand business in China and opposed a decoupling.
Published On 30 May 2023
US debt limit deal: How we got here
Bipartisan deal to raise debt ceiling and avoid ‘disastrous’ default heads to US Congress after weeks-long impasse.
Published On 30 May 2023
Brazil’s Lula pushes for integration at South America summit
Summit underscores region’s leftward shift and is expected to emphasise cooperation on issues such as finance and crime.
Published On 30 May 2023
Theranos founder Elizabeth Holmes reports to prison
Holmes is to serve an 11-year sentence for US felony fraud and conspiracy after bilking investors out of millions.
Published On 30 May 2023

After years of scaling back, the Nordic nation plans to spend $21bn on defence over the next 10 years.

Canada will struggle to meet its ambitious climate target without significant reductions from hydrocarbon-rich Alberta.

While some of US Congress’s most conservative members are not happy with the deal, business groups gave it a thumbs-up.

The ‘criminal conspiracy’ case is related to the procurement and licensed manufacturing of 123 advanced jet trainers.

The Democratic president and Republican speaker are trying to win over lawmakers to the plan in time to avert a default.

Tinubu inherits economy riddled with huge debt from predecessor Buhari, whose protectionist policies spooked investors.

The Turkish leader won the presidency for a third time after a run-off vote on Sunday.

Some cybersecurity experts fear the SIM Card Registration Act will encourage identity theft and fraud.

US president and House Speaker Kevin McCarthy are confident they will be able to get enough support to avert a default.

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

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