World

France’s newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy. The 2025 budget features a greater focus on tax-raising measures than some were expecting. Analysts also flagged “politically complicated” proposals such as …

Portugal travel to Poland after consecutive wins to sit top of their UEFA Nations League pool — League A Group 1 — after the opening two games. Cristiano Ronaldo inspired them over the September games which puts the Portuguese three points clear of the Polish ahead of this one. Roberto Martinez has kept faith in Ronaldo who is intent on …

JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia’s invasion of …

U.S. crude oil on Friday posted its second weekly gain in a row as Israel prepares to retaliate against Iran. The U.S. benchmark and global benchmark Brent gained more than 1% this week. Oil prices have gained more than 10% through Friday’s close since Iran hit Israel with ballistic missiles last week. “Nevertheless, sustaining bullish price momentum in oil has …

The U.S. 10-year Treasury yield dipped below 4.10% on Friday as investors assessed the latest inflation data that came in cooler than expected. The yield on the 10-year Treasury slipped less than a basis point to 4.088%, after having ended last week at 3.97%. The yield on the 2-year Treasury was down about 5 basis points to 3.949%. Yields and …

Lan Fo’an, China’s finance minister, center, speaks as Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People’s Bank of China (PBOC), listen during a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — China’s Minister of …

Michael Shvartsman walks following a hearing at the Manhattan Federal Court, in New York City, U.S. July 20, 2023.  Amr Alfiky | Reuters Prosecutors are asking a New York federal court judge to sentence two brothers to years in prison for their admitted insider trading in a blank-check company’s securities before it announced a planned merger with Trump Media. Prosecutors …

Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. Source: Tesla  Tesla shares closed down nearly 9% on Friday after the electric vehicle company’s long-awaited robotaxi event failed to impress investors. CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — a low, silver two-seater, with no steering wheels or pedals — on Thursday night, at the company’s …

Boeing 737 MAX airliners are pictured at the company’s factory in Renton, Washington, on Sept. 12, 2024. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also delay the launch of its new …

The most notable members of the United States men’s national team squad might be playing at high levels with European sides, but beyond the likes of Christian Pulisic, Weston McKennie and Antonee Robinson, the rest of the side is struggling for consistent minutes. First choice goalkeeper Matt Turner and midfielder Yunus Musah are two of the most notable examples in …