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Senate passes bill overturning student loan cancellation; Biden veto likely

A Republican measure overturning President Joe Biden's student loan cancellation plan passed the Senate on Thursday and now awaits an expected veto

Debt ceiling deal advances pipeline and tweaks rules, but more work remains

Despite weeks of negotiations, the White House and House Republicans were unable to reach a comprehensive agreement to overhaul environmental regulations

Zelenskyy pushes for Ukraine support at European leaders' summit in Moldova

Ukrainian President Volodymyr Zelenskyy took his quest for more arms and support to a sprawling summit of some 50 European leaders in Moldova on Thursday

Avg long-term US mortgage rate at 6.79% this week, highest level since Nov

US mortgage rate climbed this week driving up borrowing costs for would-be homebuyers at a time when the housing market is being held back by a near record-low inventory of homes on the market

Amazon to pay $31 mn in privacy violation penalties for Alexa, Ring camera

Amazon agreed to pay a 25 mn civil penalty to settle FTC allegations it violated a child privacy law and deceived parents by keeping for years kids' voice and location data recorded by its Alexa

More than 300 US, South African firefighters to battle wildfires in Canada

Another 200 firefighters arriving from South Africa will likely end up in Alberta, though officials say the wildfire situation in the country is fluid

Russian minister set for BRICS meet in Africa with war in Ukraine on agenda

Russian Foreign Minister Sergey Lavrov was meeting in South Africa with counterparts from the BRICS economic bloc of developing nations for discussions Thursday

Govt body warns of increased health threats from climate change in Germany

Germany's disease control agency warned Thursday that rising temperatures due to global warming will increase the likelihood of heat stroke, vector-borne illnesses and other health risks in country

Japan police say security flaws allowed attacker to throw bomb at PM Fumio

Japan's Police said flaws in basic security such as an absence of metal detectors and bag checks allowed an attacker to enter a campaign crowd unnoticed and throw a bomb at PM Fumio in April

Recession already here, as earnings shrink and Wall St fears worse to come

The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety

US Republicans get their IRS cuts; Democrats expect little near-term impact

Biden administration officials are offering assurances that the spending cuts secured by Republican negotiators will have minimal impact on the agency's operations over the next few years

China accuses US of interfering in training before aerial confrontation

"We solemnly urge the US to conscientiously restrain the actions of front-line naval and air forces, strictly abide by relevant international laws and relevant agreements, and prevent accidents"

Russian Olympic medalists barred from races for lack of neutrality in war

Two Russian track cyclists who won medals at the Tokyo Olympics were ruled ineligible to race Wednesday for breaching rules monitoring their neutrality during the war on Ukraine

N Korean leader's sister slams US for criticising failed satellite launch

The powerful sister of North Korean Kim Jong Un accused the United States of "gangster-like" hypocrisy for criticizing her country's failed launch of a military spy satellite

Mike Pence to launch campaign for US president polls in Iowa June 7

His team sees early-voting Iowa as critical to his potential path to victory and advisers say he plans to campaign aggressively for the state's conservative, Evangelical Christian voters

Pay packages shrink for the few women who sit atop S&P 500 firms

The AP's and Equilar's compensation study included pay data for 343 CEOs at S and P 500 companies who have served at least two fiscal years at their companies

Earth is in danger zone in nearly all ecological ways, says study

The planetary safety guardrail of 1.5 degrees hasn't been breached, but the just boundary where people are hurt of 1 degree has been

US job openings rise to 10.1 mn, labour market strong despite rate hikes

The Fed has raised its benchmark interest rate 10 times in the last 14 months, making it more expensive for businesses to borrow and invest

Twitter may worth one-third what Musk paid for it due to down investment

The billionaire financed the purchase with funds including loans from a group of banks. Musk has said the USD 44 billion price tag for Twitter was too high but that the company had great potential

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG

The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries