The end of America’s 20-year war in Afghanistan has opened up an opportunity for China and Russia to tap the country’s vast mineral wealth
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis. In a Wall Street Journal opinion piece http://urgusz.xyz.www.wsj.com/articles/congress-raise-debt-limit-ceiling-yellen-treasury-brinkmanship-federal-budget-11632069056, Yellen said that the crisis triggered by a default would compound the damage from the continuing coronavirus pandemic, roiling markets and plunging the U.S. economy back into recession at the cost of millions of jobs and a lasting hike in interest rates. "We would emerge from this crisis a permanently weaker nation," Yellen said, noting that U.S. creditworthiness has been a strategic advantage.
- Yahoo Finance
Investors' main focus this week will be on the Federal Reserve's September monetary policy meeting, which will set the stage for more debate around the timing of tapering and the outlook for the economy. Other economic data out this week will focus on the housing sector.
Relief payments have been approved in several states. Is yours on this list?
Shares fell more than 3% in Hong Kong on Monday in holiday-thinned trading in Asia, with other big markets in Tokyo and Shanghai closed.
- Yahoo Finance
In a new interview, Facebook's David Marcus told Yahoo Finance stablecoins "probably" will require additional regulation, which should focus on consumer protection as well as the prevention of illegal payments like money laundering.
- The Daily Beast
Photo Illustration by The Daily Beast / Photo GettyOn the day Donald Trump’s second impeachment trial began in the Senate, the campaign for embattled Rep. Matt Gaetz (R-FL)—reportedly under federal investigation since the summer for alleged sex crimes with an underage teen—made by far its largest ever political contribution: $100,000 to a mysterious nonprofit created to defend the then-president.While that donation may not sound out of the ordinary, it stands out for a number of reasons. For one
Some of Britain's meat processors will run out of carbon dioxide within five days, forcing them to halt production, the head of the industry's lobby group warned on Monday. A jump in gas prices has forced several domestic energy suppliers out of business and has shut fertiliser plants that also produce carbon dioxide (CO2), used to stun animals before slaughter and prolong the shelf-life of food. The shortage of CO2, also used to put the fizz in beer, cider and soft drinks, has compounded an acute shortage of truck drivers in the UK, which has been blamed on the impact of COVID-19 and Brexit.
MANILA (Reuters) -Boxing star Manny Pacquiao said on Sunday he will run for president of the Philippines next year, after railing against corruption in government and what he calls President Rodrigo Duterte's cozy relationship with China. Pacquiao accepted the nomination of his political allies during the national assembly of the faction he leads in the ruling PDP-Laban Party, days after a rival faction nominated Duterte's long-time aide, Senator Christopher "Bong" Go http://3v0i7.pw.www.reuters.com/world/asia-pacific/philippine-senator-first-declare-2022-run-presidency-2021-09-08, as its presidential candidate. That faction nominated Duterte for vice president, a move that critics called a cynical ploy by Duterte to retain power.
- Yahoo Finance UK
Smaller firms are facing backlash from customers, having made price promises which will be impossible to keep in the current climate.
Hundreds of would-be immigrants camped under a bridge on the US-Mexico border are returned to Haiti.
(Bloomberg) -- The appeal of Russian markets is eclipsing risks from President Vladimir Putin’s crackdown on political rivals as the nation goes to the polls in parliamentary elections. The stock market is at a record, the ruble is on a tear, foreign ownership of local bonds has surged to a five-month high and measures of credit risk have eased back to pre-pandemic levels. Money is flowing into markets even as many opposition leaders have been forced to choose between jail and exile.After being
The Arizona State Senate and the company it hired are now at loggerheads over records the Cyber Ninjas company is not releasing after a court order.
- LA Times
The FBI's attempt to confiscate tens of millions of dollars from Beverly Hills safe deposit boxes draws resistance and charges of government misconduct.
- The Conversation
Younger evangelicals are openly questioning the religious and political traditions of their parents and grandparents. Julie Bennett/APSince the 1970s, white American evangelicals – a large subsection of Protestants who hold to a literal reading of the Bible – have often managed to get specific privileges through their political engagement primarily through supporting the Republican Party. In the 1980s, President Ronald Reagan symbolically consolidated the alliance by bringing religious freedom a
Leaders of the United States, Japan, India and Australia will agree to take steps to build secure semiconductor supply chains when they meet in Washington next week, the Nikkei business daily said on Saturday, citing a draft of the joint statement. U.S. President Joe Biden will host a first in-person summit of leaders of the "Quad" countries, which have sought to boost co-operation to push back against China's growing assertiveness. The draft says that in order to create robust supply chains, the four countries will ascertain their semiconductor supply capacities and identify vulnerability, the Nikkei said, without unveiling how it had obtained the document.
(Bloomberg) -- U.K. Prime Minister Boris Johnson said the unprecedented surge in natural gas prices is a “temporary” problem caused by the global economy bouncing back after the pandemic, arguing a “phenomenal demand for gas” in Asia has affected U.K. supplies. “I want to give a general reassurance that the problems we’re seeing are temporary,” Johnson told reporters traveling with him to the U.S. “They are caused by the resurgence of the global economy as Covid starts to retreat in parts of the
The California Franchise Tax Board announced this week that the second round of state stimulus payments will be released tomorrow, Sept. 17. An estimated 2 million checks are set to hit bank accounts...
The leader of Guinea's recent coup told a delegation of West African leaders he was not concerned about new sanctions imposed by the regional bloc to pressure a swift transition to constitutional rule, the junta's spokesman said on Saturday. The Economic Community of West African States (ECOWAS) agreed on Thursday to freeze the financial assets of the junta and their relatives and bar them from travelling in response to the Sept. 5 ouster of President Alpha Conde. Coup leader Mamady Doumbouya has shrugged off the move, telling high-level ECOWAS envoys that "as soldiers, their work is in Guinea and there is nothing to freeze in their accounts," junta spokesman Amara Camara said at a briefing.
Hamill compared the event to the worst "Star Wars" moment of all time.