Republican lawmakers who oppose the debt-ceiling bill argue it doesn’t do enough to cut spending or reduce the deficit. Yet when defense is concerned, many argue the government ought to be spending more, not less.
Expanding government handouts will encourage the child-rearing generation, many of whom say they can’t afford to start a family, according to the minister in charge of dealing with Japan’s population crisis.
Asia’s factories saw further easing in demand in May as China’s faltering recovery weighed on a region already smarting from a global trade downturn.
The Japanese government aims to set up an official clearance system for accessing classified information related to economic security as it seeks to strengthen cooperation with its allies including the US and help private businesses win contracts abroad.
Japan’s businesses increased spending for a fourth straight quarter in another sign of the country’s recovery from the pandemic, an outcome that supports earlier data showing robust investment appetite among firms.
The House began voting Wednesday evening on the deal struck by House Speaker Kevin McCarthy and President Joe Biden to avert a catastrophic US default.
A sale of HKBN Ltd. has stalled again as the Hong Kong broadband provider’s owners couldn’t agree with prospective buyers on a valuation, according to people familiar with the matter.
New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to severe weather events, beginning a process of managed retreat in the face of climate change.
New York’s Metropolitan Transportation Authority, the largest mass-transit provider in the US, reached a potential labor agreement with its subway operators and bus drivers.
A top Walmart Inc. executive said the retailer remains committed to its Pride Month offerings, even after competitor Target Corp. became embroiled in a controversy over similar products.
