Australia announced measures to tackle fraud and exploitation in its immigration program, particularly abuse of student and protection visas that Home Affairs Minister Clare O’Neil described as “serious and systemic.”
Hong Kong insurance claims caused by natural disasters may climb to a record and exceed $500 million this year should approaching Typhoon Koinu add to this storm season’s damages, according to Bloomberg Intelligence.
The conservative revolt that brought down now-former House Speaker Kevin McCarthy has left the chamber in a state of paralysis until a new speaker is found. That raises the chances of a US government shutdown next month and a delay in further Ukraine assistance. Here are the next steps the House faces:
Kevin McCarthy’s ouster as US House speaker plunged Congress into an internal power struggle as it faces key deadlines on avoiding a government shutdown and approving aid for Ukraine — all as the country hurtles toward a presidential election.
A second potential customer for Foxconn Technology Group’s electric-vehicle factory in Ohio has filed for bankruptcy, following the Chapter 11 filing of Lordstown Motors Corp. in June.
Canada’s government is still in discussions with India about its diplomatic presence in the South Asian country as a dispute rages over the murder of a Sikh separatist leader in a Vancouver suburb.
Brazil’s lower house of congress approved Tuesday new rules for loan guarantees in an effort to decrease non-payment risks and reduce the cost of credit, a priority for President Luiz Inacio Lula da Silva’s administration.
Anduril Industries Inc. is in talks to raise $400 million to $500 million in funding from investors in a deal that could take the form of a convertible note, according to people familiar with the discussions.
Kevin McCarthy became the shortest-tenured US House speaker in 147 years on Tuesday, ousted by Republican hardliners who toppled him with a rarely used maneuver that had never before succeeded.
The embattled Philippine peso will probably strengthen to 55 per dollar by the end of the year, implying a gain of more than 3% from its current level, according to Sunlife of Canada Philippines Inc.
