People dream about China becoming the world's biggest economic powerhouse. But the reality? China is sitting on a h…

In a recent development that underscores the ongoing turmoil within China's real estate sector, Evergrande NEV, the…

Oil prices surged on Monday, May 9, 2023, after Hamas launched a surprise rocket attack on Israel, sparking fresh conce…

The cost of servicing US debt is expected to reach a new record high by 2025, as rising interest rates make it more exp…

The United States' top-tier credit rating is at risk due to the ongoing government shutdown, Moody's Investors …

The world's largest economy is on the brink of a major fiscal crisis as the US government shutdown deadline looms. …

In a shocking announcement on Tuesday, the UK's second largest city conceded its inability to maintain financial st…

Evergrande Group, a major Chinese real estate company saddled with massive debt, has reported significant losses in the…

Evergrande, a major Chinese real estate developer, has sought refuge by filing for bankruptcy protection in the US. Thi…

Evergrande, the Chinese property giant, has suffered staggering losses over the past two years, amounting to over $113 …

Renowned economist Peter Schiff has issued an alarming forecast, predicting the potential collapse of the entire bankin…

Swiss bank UBS has successfully acquired its struggling local rival, Credit Suisse, in a historic deal that positions U…

The U.S. Congress has passed bipartisan legislation to lift the government's debt ceiling, effectively avoiding the…

The US Senate is currently engaged in a race against time as it strives to pass a bipartisan debt limit deal that was o…

House Republicans in the United States are preparing to advance a debt-ceiling deal with Democratic President Joe Biden…

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement to suspend the $31.4 trillion debt ceili…

In a breakthrough after months of deadlock, U.S. President Joe Biden and top congressional Republican Kevin McCarthy ha…

US Treasury Secretary Janet Yellen has issued a new warning regarding the US debt default deadline, now updating it to …

As the June 1 deadline looms, the United States is facing the risk of reaching its national borrowing limit and potenti…

The United States is currently grappling with a pressing financial situation, with its debt reaching unprecedented leve…