China has begun a fresh round of nationwide inspections to work out how much money local governments’ owe,

The Federal Reserve is set to release the results from its annual bank stress test on Wednesday after US markets close. The tests, born out of the Great Recession, are undertaken in order to determine if the nation's largest banks can withstand a severe economic downturn.

Fitch Ratings placed the top-ranked US credit rating on rating watch negative Wednesday, reflecting the uncertainty surrounding the current debt ceiling debate and the possibility of a first-ever default.

No – celebrities won’t be wearing pajamas at the 2024 Met Gala. Yesterday, Vogue announced the theme of The Costume Institute’s 2024 exhibition at The Metropolitan Museum of Art and the Met Gala motif entitled, “Sleeping Beauties: Reawakening Fashion.” The reveal was met with a myriad of confused individuals online, predicting a display of designer jammies on the red carpet for the famed opening as well as a parade of princesses on the museum steps thinking “Sleeping Beauties” was a reference to the classic Disney animation. Yet, neither are correct. So, if the theme doesn’t call for nighties or knights, what does “Sleeping Beauties: Reawakening Fashion” mean? First, let’s dive into the intention of the exhibit. The new exhibit promises to display 250 archive pieces from the Costume Insititute’s permanent collection, some of which date back 400 years to the Elizabethan period. According to Andrew Bolton, Wendy Yu Curator in Charge of The Costume Institute, the entire exhibit is centered around 50 historical garments, latent and so fragile they can never be worn again – the “sleeping beauties” of the exhibit. The main motivating piece was a Charles Frederick Worth original, an 1877 silk satin ball gown. Each delicate piece, some no longer in their true form, will be reimagined inside innovative casings made to bring the garments back to life. While the inherent movement of each piece is apparent even in a state of stillness, CGI, soundscaping, light projection, the illusion technique Pepper’s ghost, and video animation will be installed to propel these pieces out of their shelling. Just as a 17th century bodice is said to be contextualised next to a modern acquisition, each archival treasure will be juxtaposed with more current designs from lauded creatives like Stella McCartney, Phillip Lim, Yves Saint Laurent, Elsa Schiaparelli, and Christian Dior, all mimicing the same structural concept of its counterpart. Through careful curation, the organic essence of each textile piece will be categorised under three “zones” or sections – land, sea, and sky. By doing this, the idea is to highlight views of the natural world, how perception of these areas has changed, and how they’ve been configured in fashion. In other words, we’ll get to see the evolution of nature and how it’s been developed by industry inventors. Notable pieces by Alexander McQueen like the razor-clam shell dress from the 2001 “Voss” spring/summer collection and the mesmerising butterfly dress from Sarah Burton’s first collection at the fashion house in 2011, will be featured. Overall, “Sleeping Beauties: Reawakening Fashion” intends to dig up tangible pieces of history, some of which were put to rest years ago, to motivate conversation about natural elements and emotion, as well as pay homage to the intimacy between a garment and its wearer with the transformative power of current technology. Based on the aim of the exhibit, we can expect to see the A-listers attending the Met Gala – the annual Costume Institute benefit held on the first Monday in May – in custom-made or revived period pieces that channel all or one of the sections. Designers often collaborate with celebrities to come up with renditions of past runway looks, but this time they’ll most likely be imagining traditional structures, built with organic fabrics and materials. The looks should implement a historical aspect, reminiscing on the evolution of fashion in tandem with conversations and feelings about climate and landscape. We may see a lot of creatives tap figures from Elizabethan times, playing with long and full silhouettes. But one guarantee for the Met Gala every year is stars dressing with absolutely no intention of being on theme. So, who knows maybe someone will show up in their matching PJ set. Read More Met Gala officially announces its 2024 theme Karlie Kloss pokes fun at viral Met Gala 2019 dress: ‘Looking camp right in the eye’ We can’t bash or boast billionaire Kylie Jenner’s brand – yet

Voters in Philadelphia are determining who will likely lead the nation’s sixth-largest city in a crowded field of Democratic candidates

WASHINGTON U.S. House Majority Leader Steve Scalise will seek the chamber's speakership, Punchbowl news outlet reported on Wednesday.

How’s this for a pair of stats

As Earth this week set and then repeatedly broke unofficial records for average global heat, it served as a reminder of a danger that climate change is making steadily worse for farmworkers and others who labor outside

Iowa Republicans scheduled the party’s caucuses for Jan. 15, setting a key date in the 2024 presidential race

Louis Tomlinson’s 19-year-old sister has reflected on the negative comments and criticism she received after announcing her pregnancy earlier this month. On 19 June, Phoebe Tomlinson revealed that she and her boyfriend, footballer Jack Varley, 26, are expecting their first child together. The couple said their firstborn is a boy, sharing the news in a gender reveal video posted on Instagram 10 days later. In the video, Varley pops a black balloon filled with blue confetti, before hugging Phoebe as they celebrate the news with friends and family. The model and mum-to-be later answered fan questions about her pregnancy journey on her Instagram stories, including whether she had dealt with any backlash for being a “young mama”. Phoebe replied: “Any nasty comments will get removed and blocked, so I just try and let them go over my head. That’s the downside of social media. And I’ve truly learnt in the past few weeks how incredibly cruel people can be. “I’m lucky I have an amazing family,” she added. Her twin sister Daisy left lots of blue heart emojis on Phoebe and Varley’s gender reveal video, while their older sister Lottie Tomlinson, 24, said she “can’t wait to meet” her nephew. Phoebe also responded to a 19-year-old fan who also “wanted a baby early in life but people were against it”. She said: “Why do ‘people’ matter? It’s your life, sweets.” Phoebe also shared she “feels like any other expecting mum” when asked if it was scary to become a mother at “such a young age”. Elsewhere, she said her brother Louis was “excited” to find out Phoebe and Varley were having a boy. While the former One Direction star wasn’t at the gender reveal, Phoebe told a fan she texted him a few days prior to the announcement. She also expressed her excitement at her baby meeting Daisy, and told a fan she becomes “emotional” when she thinks about Varley becoming a father. “I can’t wait to see them snuggle and to watch him thrive as a dad,” she added. Finally, Phoebe said that she felt her late mother Johannah Deakin “guiding us through” the pregnancy. Deakin died from leukemia in December 2016, aged 43. The family was dealt another tragic blow in March 2019, when the siblings lost their sister Félicité Tomlinson after she died from an accidental drug overdose, aged 18. Read More Kevin Costner’s estranged wife says she’ll move out of their $145m home on one condition Colleen Ballinger: Everything we know about the ‘grooming’ allegations against YouTuber Miranda Sings Sarah Jessica Parker reveals she and husband Matthew Broderick haven’t ‘spent a night apart’ in 31 years Ellie Simmonds decided to find her birth mother as she starts ‘new chapter’ with partner Matt Dean Nutritionist explains how women can eat to help balance hormones

Colombia has extradited to the United States a celebrity fashion designer wanted for the alleged smuggling of protected animal skin purses, police in the...

LONDON The rout in the fixed income market is causing the "greatest bond bear market of all time",