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Congress Faces Crunchtime in Fight on Spending Cuts
Business

Congress Faces Crunchtime in Fight on Spending Cuts

After the summer break, lawmakers on Capitol Hill will need to pass spending bills by Oct. 1 to avoid a government shutdown. Source link

Why Trucking Company Yellow Verges on Collapse
Business

Why Trucking Company Yellow Verges on Collapse

One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has

Europe Avoids China's Belt and Road Forum, Keeping a Distance From Xi and Putin
Business

Europe Avoids China's Belt and Road Forum, Keeping a Distance From Xi and Putin

After three years of Covid isolation, Chinese leader Xi Jinping is planning a blowout bash for his Belt and Road infrastructure initiative. The R.S.V.P.s aren’t

Does Facebook Polarize Users? Meta Disagrees With Partners Over Research Conclusions
Business

Does Facebook Polarize Users? Meta Disagrees With Partners Over Research Conclusions

The company and researchers differ regarding how to interpret the findings from studies of the 2020 presidential election. Source link

Russia Defies Sanctions by Selling Oil Above Price Cap
Business

Russia Defies Sanctions by Selling Oil Above Price Cap

Higher prices could bolster Moscow’s oil-export revenues, which last month dropped to just over half their level from a year ago. Source link

Russia Boosts Rates as Ukraine War Costs Mount
Business

Russia Boosts Rates as Ukraine War Costs Mount

The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link