Wednesday, May 17, 2023
Stocks rise on debt ceiling optimism
will reach a deal to raise the debt ceiling.
Treasury Secretary Janet Yellen says the government may be unable to
may its bills as early as June 1st.
William Denselow reports from New York.
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Biden: debt deal won't be done until earliest Sunday
happen until he returns from his trip to Japan for the G7 summit.
Biden spoke to reporters before he left Washington on Wednesday morning.
He said he plans to hold a press conference on his return on Sunday.
He has cancelled the Australia leg of his trip to continue
negotiations on trying to raise the US's borrowing limit, to prevent
an unprecedented default.
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It follows a second White House meeting on Tuesday between Biden and
the four Democratic and Republican leaders.
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Harry and Meghan: "near catastrophic car chase” in NYC
Harry and his wife Meghan claimed they were involved in a "near
catastrophic car chase".
The couple say they were pursued by paparazzi photographers for more
than two hours in New York City.
Sally Patterson reports from New York.
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[ALT] Sally Patterson in New York says the couple have raised concerns
about press intrusion in the past.
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Elizabeth Homes loses appeal to avoid prison time
Disgraced tech founder Elizabeth Holmes has lost an appeal to delay serving her 11 year prison sentence.
Holmes was convicted on fraud and conspiracy charges over her company Theranos's false claims to investors about its blood testing technology.
Silicon Valley correspondent Ira Spitzer has more.
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UN PREDICTS GLOBAL WARMING WILL PASS 1.5C
The world is set to break a key warming limit for the first time, according to the United Nations.
The World Meteorological Organization says we are likely to pass the 1.5C global warming threshold in the next five years.
Sally Patterson has more.
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Abortion pill case goes before conservative appeals court
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Harry & Meghan involved in "near catastrophic car chase”
in a "near catastrophic car chase" in New York City, according to his
spokesperson.
A statement from the prince's team said they were chased by paparazzi
photographers for over two hours.
US correspondent Nick Harper reports.
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Biden travels to G7 as debt ceiling talks continue
negotiations continue in Washington to try and raise the debt ceiling.
The US has a June 1st deadline to avoid a potentially catastrophic default.
Nick Harper reports from Washington.
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UK government proposes extending protections for renters
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Bike path attacker set to be handed life sentence
York is set to be formally sentenced to life in prison.
Sayfullo Saipov was convicted at the start of the year on terrorism
and murder charges.
William Denselow reports from New York.
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DIPLOMATS STILL DEBATING GRAIN DEAL AS THURSDAY RENEWAL DEADLINE APPROACHES
Diplomats took discussions online on Wednesday, and if needed could continue debating on Thursday, according to the Ukrainian Ambassador to Turkiye.
The Kremlin on Wednesday refused to speculate what the outcome might be. But it's been consistently pessimistic about the chance of renewal.
Stuart Smith reports from Moscow.
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India's Monsoon Season Likely to be Delayed This Year
Experts say the late arrival of the seasonal rains, even if only by a few days, could impact India's three trillion dollar economy
Our correspondent Sreoshi Mukherjee reports...
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Four Killed as Gunmen Attack U.S Consulate Convoy in Nigeria
Former French president receives historic sentence
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India's foreign minister responds to EU comments on Russian oil
India's foreign minister has challenged comments from the EU's foreign policy chief which called for a crackdown on Indian refined products using Russian crude oil being exported to the bloc.
India has increased its imports of Russian crude over the past year.
Rebecca Bundhun reports from Mumbai.
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UK MPs CALL FOR CRYPTO 'GAMBLING' REGULATION
The Treasury Select Committee says it poses significant risks - and more closely resembles betting than a financial service.
The government says it is already 'robustly' regulating the crypto market.
But Chair of the Treasury committee Harriett Baldwin doesn't think enough people are aware of the dangers.
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Tuesday, May 16, 2023
G7 leaders set to pledge NPT boost
G7 leaders are set to pledge extra support for nuclear non-proliferation agreements when they meet in Japan this weekend.
The G7 summit is taking place in Hiroshima, one of the only places to have experienced a nuclear attack, and Japan is hoping it will set the stage for discussions on nuclear disarmament.
Chris Gilbert reports from Tokyo.
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US could agree debt deal by end of week
according to House Speaker Kevin McCarthy.
He was optimistic following a meeting at the White House with
President Joe Biden.
The US is trying to raise its borrowing limit ahead of a June 1st
deadline when the country could default on its debts.
After the meeting McCarthy spoke to reporters.
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[ALT] Senate Majority Leader Chuck Schumer also sounded optimistic
after the meeting.
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Biden's cabinet fears budget cuts threaten China strategy
Three senior cabinet members in US President Joe Biden's administration are warning that proposed budget cuts could undermine Washington's ability to compete with China.
In a rare move, Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin and Secretary of Commerce Gina Raimondo testified together at a Senate hearing on Tuesday, urging lawmakers to put the country "in a position of strength" against what they call the "most consequential geopolitical challenge."
Benji Hyer reports.
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U.S. stocks slip on debt default concerns
on its debt if lawmakers are unable to reach a deal this month.
And fresh economic data provided fresh insight into the health of the
retail sector.
William Denselow reports from New York.
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