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Joe Biden says 'it is going to take time' for inflation to recede

Biden has been encouraged by the Democrats' stronger-than-expected performance in the midterm elections, but he could be entering a perilous stretch when it comes to the economy.

Twitter risks fraying as engineers exit over Elon Musk's upheaval

Musk ended a very public argument with nearly two dozen coders critical to the microblogging platform's stability by ordering them fired this week.

Joe Biden's economic team losing adviser Cecilia Rouse after midterm polls

Rouse, a labour economist, was the first Black woman to lead the Council of Economic Advisers

Ford recalls more than 55,000 F-150 vehicles due to wiper motor issue

Ford Motor Co. is recalling 453,650 of the vehicles in the US and 103,076 in Canada

Russian missile strikes force Ukraine to face hours-long power cuts

Grid operator Ukrenergo said outages could last for several hours, with freezing temperatures putting additional pressure on energy networks

Strong earthquake in West Texas causes damage hundreds of miles away

It was one of the strongest earthquakes on record in Texas and hit in an area known for oil and gas production

Lagarde says removing stimulus 'not enough', ECB may raise rates further

We expect to raise rates further, and withdrawing accommodation may not be enough," Lagarde said in a speech at a banking forum in Frankfurt, Germany

Chinese President Jinping seeks new diplomatic inroads with Asian leaders

As China's stature has risen, its diplomacy has grown more nuanced than the high-handed approach that has sometimes sparked resentment in the past

Formula One to launch new racing series 'F1 Academy' for female drivers

The series, to be known as the F1 Academy, will be subsidized by F1 and is likely to be a support series for one weekend of the F1 season

Sale of beer with alcohol to be banned at Qatar World Cup stadiums

Non-alcoholic beer will still be sold at the 64 matches in the country

US as a reliable economic partner is here to stay: Harris to Asian leaders

The United States has an enduring economic commitment to the Indo-Pacific, one that is measured not in years, but in decades, and generations, she said.

NASA's Webb Space telescope spots early galaxies hidden from Hubble

NASA's Webb Space Telescope is finding bright, early galaxies that until now were hidden from view, including one that may have formed a mere 350 million (35 crore) years after the Big Bang

Speaker Nancy Pelosi won't seek leadership role, plans to stay in Congress

House Speaker Nancy Pelosi said that she will not seek a leadership position in the new Congress, a pivotal realignment making way for a new generation of leaders after Democrats lost control

UK's push to restore financial credibility means higher taxes, energy bills

Millions of people across Britain face higher taxes and energy bills as the government announces an emergency budget to restore financial credibility of an economy battered by soaring inflation

Afghan Taliban group will continue to stick to strict Islamic law: Official

The Taliban will stick to their strict interpretation of Islamic law, or Sharia, a spokesman said on Thursday, underscoring the group's intention to continue hard-line policies implemented

Russia-Ukraine grain deal extended by four months in win for food prices

Russia confirmed the extension but said it expected progress on removing obstacles to the export of Russian food and fertilisers.

Lula da Silva's efforts to boost spending in Brazil rattles markets

'Traders have begun pricing in interest-rate hikes next year rather than cuts, as da Silva's proposal "confirmed (fiscal) risk that before was just a rumour'

New FTX CEO blasts handling of financial info as 'total failure'

Says he's never seen such a "complete failure" of corporate control

US weekly jobless claims fall to 222,000 despite rapid Fed rate hikes

The four-week moving average rose by 2,000 to 221,000

Former Israeli PM Netanyahu says Turkey's Erdogan agrees to reset ties

Thursday's statement signalled that the ties could continue to improve under Netanyahu