US House to press forward with spending cuts despite shutdown risk
WASHINGTON – The Republican-controlled House of Representatives is due to try to advance steep spending cuts this week that stand no chance of becoming law and could force a…
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Risk
UK recession risk grows as firms cut staff at a sharp pace
Britain’s private sector companies shed workers at the fastest pace since the pandemic and the depths of the financial crisis, underscoring the Bank of England’s decision to halt…
Tumbling US dollar a boon to risk assets across the globe
NEW YORK – Cooling US inflation is accelerating a decline in the US dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13 per cent against a…
Ukraine top general warns of Russian nuclear strike risk
KYIV – In rare public comments Ukraine’s military chief warned on Wednesday of the threat of Russia using nuclear weapons in Ukraine, which would create the risk of a “limited”…
Goldman warns US recession risk now higher and more front-loaded
HONG KONG – Goldman Sachs Group economists warned the risk of a US recession has grown more likely, and have downgraded their gross domestic product growth (GDP) forecasts for the…
Belarus sovereignty also at risk as Russia attacks Ukraine
PARIS – As Russia presses ahead with its invasion of Ukraine, concerns are growing that neighbouring Belarus is also at risk of gradually losing its sovereignty without being the…
Belgium sees Chinese smartphones as a spying risk
BRUSSELS – Chinese phone makers such as Huawei Technologies and Xiaomi may pose an espionage risk for users, Belgian Justice Minister Vincent Van Quickenborne warned in comments…
Vast study confirms rare heart risk from Moderna jab
PARIS – The Moderna Covid jab carries a slight risk of usually non-serious heart problems a study of the entire population of Denmark found on Friday (Dec 16). Incidences of…
US stocks advance as default risk appears to ebb
NEW YORK – Wall Street stocks finished modestly higher on Wednesday (Oct 6) after trading in the red most of the session as congressional Republicans offered a compromise in…
Biden agenda at risk as Democrats squabble ahead of shutdown deadline
WASHINGTON – Divisions among congressional Democrats threatened to derail President Joe Biden’s agenda on Wednesday (Sept 29), as moderates voiced anger at the idea of delaying a…