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U.S. House passes bipartisan debt ceiling bill

New York, | Xinhua |  The U.S. House of Representatives Wednesday passed a bill that lifts the federal government debt ceiling until Jan. 1, 2025. Lawmakers voted to pass the bill 314 to 117 after it was introduced to Congress late Sunday. Entitled The Fiscal Responsibility Act of 2023, the …

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Turkey’s Erdogan wins presidential runoff

Ankara, Türkiye | Xinhua | Incumbent President Recep Tayyip Erdogan won in Türkiye’s first-ever presidential runoff on Sunday, with 98.33 percent of ballots counted, according to unofficial results delivered by Anadolu Agency. DETAILS TO FOLLOW Share on:

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India’s forex reserves decline to 593.48 bln USD in May

New Delhi, India | Xinhua | India’s foreign exchange reserves declined by 6.05 billion U.S. dollars during the week ended May 19 to 593.48 billion U.S. dollars, showed the latest data released by the Reserve Bank of India. This situation came after three consecutive weeks seeing the forex reserves rise. In …

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Ukraine admits involvement in Crimean Bridge explosion in 2022

Kiev, Ukraine | Xinhua | The Security Service of Ukraine (SSU) admitted on Saturday that it implemented “certain measures” linked to the explosion on the Crimean Bridge in October 2022. “According to our legislation, international legislation and the customs and traditions of warfare, taking into account the fact that it was …

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Japan announces further sanctions on Russia

Tokyo, Japan | Xinhua | The Japanese government on Friday announced further sanctions on Russia, including a ban on exports, more asset freezes as well as payment restrictions on Russian individuals and entities. The Japanese government will ban exports to 80 Russian entities including several military and tech-related companies, which will …

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