Biden administration preparing to ease sanctions if Caracas takes steps towards restoring democracy, report says. The United States is considering loosening sanctions on Venezuela so Chevron Corp can pump oil in the country if Caracas takes steps towards restoring democracy, the Wall Street Journal has reported. Under the proposed deal, the Biden administration would ease … Read more
When North Korea carried out its last nuclear test on September 3, 2017, China’s President Xi Jinping was preparing to host the leaders of Brazil, Russia, India and South Africa at a summit meant to burn his image as a global statesperson ahead of a critical Chinese Communist Party (CCP) Congress. The explosion from the … Read more
International Monetary Fund (IMF) researchers studied 22 episodes of high inflation and falling real wages in advanced economies over the past 50 years and found most subsided quickly. New research by the International Monetary Fund (IMF) shows that sustained wage-price spirals are historically rare, and recent sharp interest rate hikes by central banks are likely … Read more
Site in Sand Creek, Colorado memorialises the massacre of more than 230 Native Americans by US soldiers in 1864. The United States government has said it will expand the size of a historical site memorializing the massacre of more than 230 Native Americans in Sand Creek, Colorado by US soldiers in the 1860s. In a … Read more
FEMA says it will continue to provide resources to Florida as US damage assessment after the devastating storm continues. US President Joe Biden has extended the major disaster declaration for Florida to 60 days, which allows the United States federal government to fully cover the cost of debris removal and sheltering in the aftermath of … Read more
Musk’s proposal to abide by his original plan to buy Twitter is based on the social media company dropping its case against him – but that has yet to happen, Reuters reported. Elon Musk and Twitter Inc have not yet reached an agreement to end litigation and clear the way for the Tesla and SpaceX … Read more
Many residents of Florida whose homes were destroyed by Hurricane Ian are now facing the arduous task of rebuilding without insurance – or paying even steeper prices in an insurance market that was already struggling. Wind and storm-surge losses from the hurricane could reach between $28bn and $47bn, making it Florida’s costliest storm since Hurricane … Read more
Weeks before his scheduled retirement, Pakistan’s military chief has traveled to the United States for a series of high-level discussions. General Qamar Javed Bajwa held meetings on Tuesday with US Secretary of Defense Lloyd Austin and National Security Adviser Jake Sullivan, during which they discussed the regional security situation, according to the Pakistani military. For … Read more
Yamelsie Rodriguez describes it as an “act of defiance”. But more than that, the plan to open a mobile abortion clinic in the US state of Illinois aims to respond to what Rodriguez – president and CEO of Planned Parenthood of the St Louis region and southwest Missouri – said is an increasingly urgent need … Read more
OPEC+’s plans to cut oil production is a “mistake,” according to US Senator Chris Murphy, who said there needs to be a re-evaluation of the alliance between the group’s de-facto leader and the United States. The influential alliance of some of the world’s most powerful oil producers is reportedly considering its largest output cut since … Read more