California could face a $25 billion budget deficit in 2023–24, despite raking in a record-setting $98 billion budget surplus this year, according to an analysis that comes days after midterms election, in a state where the Democratic party enjoys a supermajority.
Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession.
President Joe Biden announced the launch of his multimillion-dollar “Climate Gender Equity Fund” to address purported inequalities women face in climate finance at the United Nations COP 27 climate conference in Egypt on Friday.
China announced on Thursday that it is ready to start negotiations with El Salvador to broker a free trade deal, pushing further commercial and political ties between the two nations.
Russia's Defense Minister withdraws military from the right bank of the Dnieper River, including the regional capital of Kherson in an attempt to avoid loss among its force and spare the lives of civilians.
Russia is not engaged in negotiations with the US over Ukraine, a senior Russian diplomat said on Tuesday, signaling, however, that Moscow remains completely open to talks with Kiev.
A June phone call between President Joe Biden and Ukrainian President Volodymyr Zelenskyy in which Biden informed Zelenskyy of $1 billion in aid heading his way turned heated when Zelenskyy used the call to press for even more aid, according to a new report.
