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In addition to the news division, layoffs would take place in its business, content, tech and administrative teams. Pulitzer Prize-winning

McCarthy calls for spending caps to raise US debt ceiling | Politics News

Republican House Speaker Kevin McCarthy denounces US debt as a ‘time bomb’ in a major New York City speech. United

It remains uncertain whether China, Sri Lanka’s biggest bilateral creditor, will join the initiative launched by Japan. Japan, India and

Kenya’s annual interest payments on domestic debt alone have surged from $1.34bn to $5.09bn in almost a decade, heaping pressure

A record number of developing nations are at risk of a debt crisis, with ballooning inflation escalating borrowing costs. United

Banking stocks and bonds plummeted on Monday after UBS Group sealed a state-backed takeover of troubled peer Credit Suisse Group

A bank employee association said it was deeply shocked by the potential consequences of the UBS-Credit Suisse deal. Switzerland awoke

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday, the FDIC said late on Sunday. New York

Deposits in the country’s banking system are stabilising, Reuters reported citing unnamed US official. A United States official has said

The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.