Poverty in Argentina spiked as inflation surged toward 100%, wiping out a year of gains and adding pressure on the cash-strapped government to spend more on social welfare before October’s presidential election.
New York State Comptroller Thomas DiNapoli pressed Blackstone Inc. for answers on how it plans to address what he called “abhorrent” child labor violations at a cleaning contractor owned by the private equity firm.
House Republicans are finalizing a bill combining an increase in the US debt ceiling with spending cuts, energy deregulation and other GOP priorities, Speaker Kevin McCarthy told reporters Thursday.
Pope Francis’s health is “gradually improving” and he may be discharged in the next few days, the Vatican said.
Southwest Airlines Co. is learning the hard way about climate change, blaming extreme weather as a culprit in a meltdown that stranded more than 2 million passengers over the year-end holidays.
Colombia’s central bank continued its steepest-ever interest rate hike cycle despite signs of a sharp economic slowdown as it battles the country’s fastest inflation in nearly a quarter century.
New York Mayor Eric Adams joined the crowd of lawmakers blaming social media for society’s ills, saying he wants to hold the platforms accountable for a growing number of car thefts in the city.
Michael Novogratz, the founder of digital-asset financial services firm Galaxy Digital Holdings Ltd., said rising prices of cryptocurrencies suggest that an “energized” investor base is negating the negative consequences of a US crackdown of the industry.
Grammy-winning rapper Pras Michel was driven by greed and “profited exorbitantly” as he sought to lobby the US government illegally on behalf of a financier accused of orchestrating the looting of billions of dollars from Malaysian development fund 1MDB, a prosecutor told jurors Thursday.
Federal Reserve Bank of Richmond President Thomas Barkin said he remains undecided on how Fed officials should adjust interest rates at the central bank’s next meeting, citing uncertainty in both inflation and consumer demand as well as additional fallout from the banking crisis.
