List of All Articles with Tag 'world'

Newcrest Mining Ltd., being taken over by Newmont Corp., is facing an investigation by Australian environmental authorities following

The price of houses put up for sale in the UK climbed at the fastest pace in a

Greek Prime Minister Kyriakos Mitsotakis pummeled his opposition in Sunday’s national election, moving a step closer to getting

Australia’s government moved to regulate buy now, pay later finance firms under credit laws, drawing the line on

SpaceX launched four private astronauts en route to the International Space Station, including the first woman from Saudi

President Joe Biden spoke with House Speaker Kevin McCarthy on Sunday and agreed they would meet on Monday afternoon to try to break the stalemate over legislation to raise the national debt limit. A call took place, according to a White House readout, which gave no indication to the tone of the discussion. Mr McCarthy characterised the call as “productive” in a comment to reporters. A day earlier, the Speaker said negotiations had taken a step backward following Mr Biden’s remarks that he believed the 14th Amendment could be used to circumvent Congress on the issue. “I don’t think we’re going to be able to move forward until the president can get back into the country,” Mr McCarthy said on Saturday. “Just from the last day to today they’ve moved backwards. They actually want to spend more money than we spend this year.” Mr Biden’s call with Mr McCarthy took place while the president was on Air Force One bound for the US on Sunday. He had cut short his attendance at the G7 summit in Japan in order to lead negotiations with Republicans on the issue. During an appearance on Sunday show, Meet the Press, Treasury Secretary Janet Yellen once again warned that the federal government is projected to run out of money on or about 1 June. Should the US be unable to pay its outstanding obligations to debt holders, or even raise questions about its ability to do so, it risks a downgrade of the US’s credit rating which would affect interest rates on future loans. The last official downgrading of the United States’s credit rating occurred in 2011, when Standard and Poor’s dropped the US’s rating from “AAA” to “AA+”. “I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven’t changed my assessment. So I think that that’s a hard deadline,” Sec. Yellen said. She added that the possibilty was “quite low” that the US could extend its ability to pay its obligations through 15 June - referencing remarks made by Republicans who suggested Treasury could maneuver past a 1 June deadline without hitting a default. ”[I]t’s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low,” said Ms Yellen. “[M]y assumption is that if the debt ceiling isn’t raised, there will be hard choices to make about what bills go unpaid.” Mr Biden has been roundly accused by conservatives of refusing to negotiate cuts to federal spending ahead of the debt ceiling deadline. The White House, meanwhile, has blamed Republicans for putting the country’s credit rating at risk. Earlier on Sunday, the president spoke at a press conference and did not indicate that he was completely opposed to reaching a compromise with Republicans on spending levels, though he warned that the GOP must be willing to move in his direction as well. “It’s time for Republicans to accept that there’s no bipartisan deal to be made solely — solely — on their partisan terms,” said Mr Biden. “They have to move as well.” Read More ‘Putin will not break our resolve,’ Joe Biden tells G7 Top House negotiator on debt limit says it's time to 'press pause' as talks come to standstill Biden meeting with Indo-Pacific leaders at G7 summit while confronting stalemate over US debt limit Debt ceiling showdown: Biden and congressional leaders to meet as McCarthy pushes for faster deal Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll G7 finance leaders promise support for Ukraine, vow to enforce sanctions against Russia

Investors are girding for spikes in currency volatility and losses in equities as the US struggles to clinch

Goldman Sachs Group Inc. economists estimated that the Treasury Department will by June 8 or 9 see its

Ukraine is seeking to encircle Russia’s troops in Bakhmut, as president Volodymyr Zelensky rejected counterpart Vladimir Putin’s claims to have finally captured the city after nine months of Europe’s bloodiest fighting in decades. Mr Putin congratulated his troops after the Wagner Group claimed its mercenaries had seized the frontline Donetsk city on Saturday afternoon with “practically no” help from the Russian army. But speaking from the G7 summit in Hiroshima, Mr Zelensky was insistent that Bakhmut – where US president Joe Biden claimed 100,000 Russian troops had died in recent months – “has not been captured by” Moscow. The commander of Ukraine's ground forces, General Oleksandr Syrskyi, also claimed Kyiv’s troops were advancing on Russian forces in the suburbs and were getting closer to a “tactical encirclement” of the city. Echoing these claims, Kyiv’s deputy defence Minister Hanna Maliar said: “Our forces have taken the city in a semi-encirclement, which gives us the opportunity to destroy the enemy ... [who] has to defend himself in the part of the city he controls.” Read More UK support for Ukraine will ‘never waver’, Rishi Sunak tells Zelensky Russia warns of ‘colossal risks’ if F-16 fighter jets sent to Ukraine Britain says Russia will ‘pay the price’ for Ukraine invasion as fresh wave of sanctions unveiled

An attorney working Donald Trump’s legal team has quit, citing in-fighting among the former president’s inner circle. Timothy Parlatore left his role this week, according to The New York Times, after working for Mr Trump for at least a year. In an interview with CNN on Saturday, Mr Parlatore explained that the reason for his departure was ongoing friction with Boris Epshteyn, another legal adviser to Mr Trump. Mr Epshteyn, according to Mr Parlatore, has been stonewalling the legal team in their attempts to ascertain whether all presidential records that Mr Trump took with him when he left the White House had been turned over to the National Archives. The removal of official presidential records by Mr Trump led to the Justice Department’s raid of his Florida home, Mar-a-Lago, last fall. Mr Epshteyn “attempted to interfere” with attorneys’ efforts to search Mar-a-Lago for more documents, Mr Parlatore said. The advisor also “served as kind of a filter to prevent us from getting information to the client”, feeding Mr Trump his own opinions instead, Mr Parlatore told CNN. “The real reason is because there are certain individuals that made defending the president much harder than it needed to be. In particular, there is one individual who works for him, Boris Epshteyn, who had really done everything he could to try to block us, to prevent us from doing what we could to defend the president,” said Mr Parlatore. “In my opinion, he was not very honest with us or with the client on certain things,” he added. Mr Trump’s team denied Mr Parlatore’s characterisation of the events leading to his departure. “Mr. Parlatore is no longer a member of the legal team. His statements regarding current members of the legal team are unfounded and categorically false,” a spokesperson told CNN. The legal issues of Mr Trump remain under intense scrutiny after he announced his third presidential campaign for the White House in 2024. Earlier this month, Mr Trump was found liable in a civil lawsuit over the sexual abuse of the writer E Jean Carroll in the 1990s. At one point during his deposition, Mr Trump appeared to confuse an image of Ms Carroll with his ex-wife, Marla Maples after previously claiming that Ms Carroll was not his “type”. Mr Trump is facing a host of other legal battles, both criminal and civil, which threaten him and his business empire. New York Attorney General Letitia James is investigating a civil fraud case against the Trump Organization and the Manhattan District Attorney Alvin Bragg is prosecuting him for hush payments he allegedly directed to porn star Stormy Daniels in 2016. In Georgia, Fulton County’s District Attorney Fani Willis is deliberating whether to prosecute Mr Trump or members of his team for their attempts to overturn the state’s presidential election results in 2020. Read More South Carolina Republicans hear pitches from 2024 candidates, reelect state party chairman DeSantis super PAC tackles tricky task of organizing support for him in Iowa without the candidate Trump’s White House lawyer predicts ex-president will end up in jail as Mar-a-Lago probe heats up Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement

House Speaker Kevin McCarthy said he and President Joe Biden will meet Monday afternoon and negotiators will resume

The largest and oldest civil rights organisation in the United States has issued a formal advisory warning travelers to Florida that the state is “openly hostile” towards Black people, people of colour and LGBT+ people. An advisory issued by the NAACP on 20 May comes as a response to a series of laws signed by Florida’s Republican Governor Ron DeSantis targeting classroom instruction around race and racism, gender and sexuality, and bills and administration policy aimed at LGBT+ people. “Let me be clear – failing to teach an accurate representation of the horrors and inequalities that Black Americans have faced and continue to face is a disservice to students and a dereliction of duty to all,” NAACP president and CEO Derrick Johnson said in a statement. “Under the leadership of Governor Desantis, the state of Florida has become hostile to Black Americans and in direct conflict with the democratic ideals that our union was founded upon,” he added. “He should know that democracy will prevail because its defenders are prepared to stand up and fight. We’re not backing down, and we encourage our allies to join us in the battle for the soul of our nation.” The advisory states that “due to this sustained, blatant, relentless and systemic attack on democracy and civil rights, the NAACP hereby issues a travel advisory to African Americans, and other people of color regarding the hostility towards African Americans in Florida.” On 17 May, Gov DeSantis approved a slate of bills that restrict gender-affirming care for minors, threaten drag shows, forbid people from using bathrooms that match their gender identity, and prevent people from using their chosen pronouns at schools. The legislation also follows administration policy targeting affirming healthcare for trans youth, over the objections of major health organisations and LGBT+ advocates. Mr DeSantis also recently expanded a measure labelled by opponents as the “Don’t Say Gay” law prohibiting classroom instruction on issues related to gender and sexuality, which critics argue will have a chilling effect on LGBT+ people in schools as part of an effort to erase LGBT+ people from public life. Mr DeSantis, who is reportedly preparing to launch his campaign for the GOP presidential nomination in 2024, also has spearheaded a series of measures around honest discussions of race and racism in schools, including a law that blocks public spending on diversity, equity and inclusion efforts. Florida also is at the centre of a nationwide trend of challenges against books and materials in libraries and schools. This week, Penguin Random House and several prominent authors and families filed a federal lawsuit against a school district where activists have challenged dozens of books, largely involving or written by people of colour or LGBT+ people. In April, advocacy group Equality Florida issued a similar travel advisory that warned that the state may “not be a safe place to visit or take up residence”. “As an organization that has spent decades working to improve Florida’s reputation as a welcoming and inclusive place to live work and visit, it is with great sadness that we must respond to those asking if it is safe to travel to Florida or remain in the state as the laws strip away basic rights and freedoms,” according to a statement from Nadine Smith, Equality Florida’s executive director. The Independent has requested comment from the governor’s office. Read More Disney cancels $1bn Florida theme park extension amid war with DeSantis Penguin Random House sues Florida school district over ‘unconstitutional’ book bans DeSantis v Disney: Why Florida’s governor is at war with the Mouse