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US National Debt Tops $40tn as Borrowing Costs Climb
WASHINGTON: US national debt has surpassed USD 40 trillion, doubling in roughly a decade as higher interest rates push up…
China Iran Sanctions Stance Rejects New US Pressure
BEIJING, China: China rejected renewed US sanctions pressure on Iran on Friday, saying unilateral measures without international legal backing or…
Uzbekistan Gas Leak Project Gets $10.6m World Bank Backing
TASHKENT, Uzbekistan: Uzbekistan has approved a USD 10.6 million gas leak project backed by the World Bank to reduce gas…
Banking Fraud Awareness: Zardari Urges Wider Outreach
ISLAMABAD: President Asif Ali Zardari called for greater awareness of banking fraud to help customers protect themselves and access the services of…
Global Bond Yields Hit Multi-Year Highs as Risks Mount
NEW YORK: Global bond yields climbed to multi-year highs as investors demanded more compensation for inflation, debt and geopolitical risks.…
SpaceX Share Unlock Puts 319 Million Shares into Play
Up to 319 million shares were unlocked for trading on August 20, making another block of insider stock eligible to…
Berkshire SpaceX Stake Reaches $815 Million Via Alphabet
Berkshire Hathaway’s Berkshire SpaceX stake was worth about USD 815 million on June 30 through its investment in Alphabet, according…
Evergrande Founder Jailed for Life Over Financial Fraud
SHENZHEN, China: Evergrande founder jailed for life on Thursday after a court convicted Hui Ka Yan over financial crimes linked…
US Debt Tops $40 Trillion as Interest Costs Surge
US debt topped $40 trillion for the first time, reaching $40.047 trillion on August 18, as rising borrowing and interest…