Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance.

WASHINGTON U.S. consumer confidence fell for a second straight month in September amid worries about higher prices and

By Bianca Flowers and Kannaki Deka (Reuters) -Harley-Davidson Inc on Thursday reported a 24% fall in third-quarter profit as customers

US treasury secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms Yellen will use her time in Gandhinagar to try to foster warming relations between the US and India. She also plans a stop in Hanoi, Vietnam, to address supply chain reliability, clean energy transition and other matters of economic resilience. Ms Yellen's goals for her time in India: press for debt restructuring in developing countries in economic distress, push to modernize global development banks to make them more climate-focused and deepen the ever-growing US-India relationship. Ms Yellen’s frequent stops in the country signal the importance of that relationship at a time of of tensions with China. India’s longstanding relationship with Russia also will loom as the Kremlin's invasion of Ukraine continues despite US and allied countries’ efforts to sanction and economically bludgeon Russia's economy. India has not taken part in the efforts to punish Russia and maintains energy trade with that country despite a Group of Seven agreed-upon price cap on Russian oil, which has seen some success in slowing Russia's economy. Still, the US increasingly relies on India and has courted its leaders. President Joe Biden hosted a White House state visit honoring Indian prime minister Narendra Modi in June, designed to highlight and foster ties. The two leaders pronounced the US-India relationship never stronger and rolled out new business deals between the nations. Raymond Vickery Jr, a policy expert on US-India relations at the Center for Strategic and International Studies, said Ms Yellen's coming to India shortly after visiting China is meaningful in that Indian officials “are going to want to know in great detail what happened in the meetings with her Chinese counterparts and see where it fits with their perspective on economic relations with China.” “They’re going to want to know whether or not the United States is serious about moving some of its sourcing activity from China to India.” A senior Treasury official, speaking on condition of anonymity to preview Ms Yellen’s trip, said there was hope that debt treatments for Ghana and Sri Lanka will be discussed and completed quickly at the meetings. Sri Lanka and Ghana defaulted on their international debts last year, roughly two years after Zambia defaulted. And more than half of all low-income countries face debt distress, which hurts their long-term ability to function and develop. Last month, Zambia and its government creditors, including China, reached a deal to restructure $6.3bn in loans, on the sidelines of a global finance summit in Paris. The agreement covers loans from countries such as France, the U.K., South Africa, Israel and India as well as China – Zambia’s biggest creditor at $4.1bn of the total. The deal may provide a roadmap for how China will handle restructuring deals with other nations in debt distress. Ms Yellen’s trip comes shortly after she spent a week in China, meeting the nation’s finance ministry and discussing mutual trade restrictions and national security concerns. Harold W Furchtgott-Roth, a senior fellow at the Hudson Institute, said Ms Yellen's trip to India “is a reflection of a naturally developing alliance.” “India has a great deal of tension with China – they have constant border disputes,” he said. “And India wants to develop and has developed into sort of an Indian Ocean naval power, which is also a region that China wants to develop." Read More What Britain needs is a ‘grown-up’ relationship with China US Treasury Secretary Janet Yellen visits China as part of efforts to sooth strained relations Yellen says Washington might 'respond to unintended consequences' for China due to tech export curbs Janet Yellen expresses hopes her Beijing visit has put US-China ties on a ‘surer footing’ Janet Yellen highlights record US-China trade and talks ‘fair rules’ during Beijing visit Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide

A breakdown of the purse for Tour de France 2023.

Turkish President Recep Tayyip Erdogan said he aims to revive and expand the scope of the deal that

Hong Kong’s currency has risen above the mid-point of its trading band against the dollar for the first

Head coach Gordon Herbert hailed Germany's "team-first" attitude after they beat Serbia to win the Basketball World Cup for the first time on Sunday...

By Nate Raymond Florida's top court has publicly reprimanded the judge who presided over the trial of Nikolas

Steve Clarke savoured the chance to celebrate Scotland’s Euro 2024 qualification with the Hampden crowd after his side rounded off their campaign with a “strange” 3-3 draw against Norway. Scotland had qualified with two games to spare and finished second behind Spain in Group A after a second consecutive draw ensured they have only lost once in the section. The players, including injured captain Andy Robertson, did a lap of honour afterwards to mark their achievement. Clarke said: “It was nice – and nice for the supporters – to say thank you to the team, a nice night for the team and staff to thank the supporters. “It’s always nice to qualify for a major tournament. Obviously the last one was Covid-restricted so we missed that connection and that feel with the fans. “It’s great for everyone in the country that we have something to look forward to next summer.” Clarke’s side twice came from behind in the first half through John McGinn’s penalty and an own goal before Stuart Armstrong netted a well-worked goal to out them in front just before the hour mark. However, former Celtic winger Mohamed Elyounoussi came off the bench to head home in the 86th minute as Norway scored their third goal from a cross originating from right-back Julian Ryerson. “It was a strange game,” Clarke said. “I need to go away and analyse it. “What we have worked really hard at is being competitive, being a competitive team every time we go on to the pitch. “That’s why I was a little bit disappointed with the first half, I didn’t think we were competitive enough. Much more competitive second half. “We are Scotland, we have a certain way of playing, we like to play on the front foot.” A two-goal win would have put Scotland in pot two for the December 2 draw, although they are arguably better off in pot three given they will now avoid the likes of the Netherlands, Italy and Croatia. “I’m not bothered,” Clarke said. “I don’t know even know who else is in pot three and pot two. I’m sure I will find out when I get to Hamburg.” Norway head coach Stale Solbakken felt his side should have been ahead at half-time but feels Scotland will pose problems in Germany. “Overall we were the better team and should have won but it’s not easy, Scotland are always very well organised,” he added. “They have a great coach and have very disciplined players who know their strengths and limitations. That’s very important – they play to their strengths and don’t pretend to be something else. “They also have tournament experience so I think they can be a handful for everyone next summer. They also play two systems which is valuable. “There will be no easy games for those teams who meet Scotland.” Read More Gareth Southgate targeting top of the world as England drive for Euros glory Rico Lewis hopes his versatility helps him make late push for Euro 2024 squad Declan Rice putting pressure of price tag behind him to pursue biggest prizes Trevor Lawrence leads Jacksonville Jaguars to victory against Tennessee Titans Scotland sign off on successful Euro 2024 qualifying campaign with six-goal thriller Ludvig Aberg keen to ‘love golf for long time’ after clinching RSM Classic title

MONTREAL--(BUSINESS WIRE)--Sep 7, 2023--

It's on to Aaron Rodgers after Micah Parsons and the Dallas Cowboys sacked Daniel Jones seven times in the most-lopsided shutout victory in franchise history