Solar Beats Coal in Europe for First Time - But There’s a Glitch
The European Union’s transition to clean energy marked a milestone in May, when solar panels generated more electricity
2023-06-03 14:25
Indonesia Defends Ukraine Peace Plan, Says Asia Knows War’s Cost
Indonesia Defense Minister Prabowo Subianto passionately defended a new peace proposal for Ukraine that would leave Russian forces
2023-06-03 14:16
SBB’s New CEO Seen to Strengthen Hand of Property Mogul Akelius
Sweden’s battered commercial property sector could be in for further consolidation after one of the country’s biggest landlords
2023-06-03 13:46
French Anger Over Pension Law Tops Worldwide Protests in 2023
Protests worldwide over retirement rules and benefits have more than tripled this year as countries from France to
2023-06-03 13:28
Australia Says US Allies Can Have Productive Ties With China
Australia seeks to balance its economic and security relationship with China even as it maintains a longstanding defense
2023-06-03 13:16
As Germany’s Romance With Pork Fades, Sausages Get the Chop
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2023-06-03 12:28
Biden expected to sign budget deal to raise debt ceiling
President Joe Biden is expected to sign legislation on Saturday to raise the debt ceiling, just two days before the U.S. Treasury warned that the country would struggle to pay its bills. The bipartisan measure, which was approved this week by the House and Senate, eliminates the potential for an unprecedented government default. “Passing this budget agreement was critical. The stakes could not have been higher," Biden said from the Oval Office on Friday evening. “Nothing would have been more catastrophic,” he said, than defaulting on the country's debt. The agreement was hashed out by Biden and House Speaker Kevin McCarthy, giving Republicans some of their demanded federal spending cuts but holding the line on major Democratic priorities. It raises the debt limit until 2025 — after the 2024 presidential election — and gives legislators budget targets for the next two years in hopes of assuring fiscal stability as the political season heats up. “No one got everything they wanted but the American people got what they needed,” Biden said, highlighting the “compromise and consensus” in the deal. “We averted an economic crisis and an economic collapse.” Biden used the opportunity to itemize the achievements of his first term as he runs for reelection, including support for high-tech manufacturing, infrastructure investments and financial incentives for fighting climate change. He also highlighted ways he blunted Republican efforts to roll back his agenda and achieve deeper cuts. “We’re cutting spending and bringing deficits down at the same time,” Biden said. “We're protecting important priorities from Social Security to Medicare to Medicaid to veterans to our transformational investments in infrastructure and clean energy.” Even as he pledged to continue working with Republicans, Biden also drew contrasts with the opposing party, particularly when it comes to raising taxes on the wealthy, something the Democratic president has sought. It’s something he suggested may need to wait until a second term. “I’m going to be coming back,” he said. “With your help, I’m going to win.” Biden's remarks were the most detailed comments from the Democratic president on the compromise he and his staff negotiated. He largely remained quiet publicly during the high-stakes talks, a decision that frustrated some members of his party but was intended to give space for both sides to reach a deal and for lawmakers to vote it to his desk. Biden praised McCarthy and his negotiators for operating in good faith, and all congressional leaders for ensuring swift passage of the legislation. “They acted responsibly, and put the good of the country ahead of politics,” he said. Overall, the 99-page bill restricts spending for the next two years and changes some policies, including imposing new work requirements for older Americans receiving food aid and greenlighting an Appalachian natural gas pipeline that many Democrats oppose. Some environmental rules were modified to help streamline approvals for infrastructure and energy projects — a move long sought by moderates in Congress. The Congressional Budget Office estimates it could actually expand total eligibility for federal food assistance, with the elimination of work requirements for veterans, homeless people and young people leaving foster care. The legislation also bolsters funds for defense and veterans, cuts back some new money for the Internal Revenue Service and rejects Biden’s call to roll back Trump-era tax breaks on corporations and the wealthy to help cover the nation’s deficits. But the White House said the IRS' plans to step up enforcement of tax laws for high-income earners and corporations would continue. The agreement imposes an automatic overall 1% cut to spending programs if Congress fails to approve its annual spending bills — a measure designed to pressure lawmakers of both parties to reach consensus before the end of the fiscal year in September. In both chambers, more Democrats backed the legislation than Republicans, but both parties were critical to its passage. In the Senate the tally was 63-36 including 46 Democrats and independents and 17 Republicans in favor, 31 Republicans along with four Democrats and one independent who caucuses with the Democrats opposed. The vote in the House was 314-117. ___ AP Congressional Correspondent Lisa Mascaro contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide FBI offers to show GOP chairman document that purports to relate to Biden, his family Republicans schedule 1st presidential debate for Aug. 23, but there's no guarantee Trump will attend DeSantis wraps up 1st early states tour as candidate with more personal touch in South Carolina
2023-06-03 12:20
Pentagon Chief Warns China on Taiwan, Says Time For Talks is Now
US Secretary of Defense Lloyd Austin used a speech at Asia’s biggest security conference to warn that a
2023-06-03 09:29
Beverly Hills Voters Choose Lifestyle Over Luxury in Rejecting LVMH Hotel
Rodeo Drive’s storefront windows display the world’s most expensive labels: Gucci handbags, Prada slingback pumps, Chanel perfumes. It
2023-06-03 07:27
Trump wants New York judge removed in Manhattan hush-money case
Hours after he was criminally charged with 34 courts of falsifying business records in New York City, Donald Trump retreated to his Mar-a-Lago resort to lambast the “Trump-hating” judge presiding over his case in Manhattan criminal court. Now, lawyers for the former president and frontrunner for the 2024 Republican presidential nomination are pressing Judge Juan Merchan to recuse himself from the case, pointing to his daughter’s political consulting work and small-dollar campaign donations. A court filing made public on 2 June – days after Mr Trump’s virtual court appearance for a hearing to abide by a court order prohibiting his sharing of evidence in the case – also took issue with Mr Merchan’s role in a case involving convicted former Trump Organization CFO Allen Weisselberg, who pleaded guilty to 15 tax violations in what prosecutors called a years-long fraud scheme. In April, Mr Trump was criminally charged in connection with repayments to his then-lawyer Michael Cohen in an alleged hush-money scheme to prevent the release of potentially damaging stories about Mr Trump and his alleged affairs. Mr Trump has pleaded not guilty. Attorney for Mr Trump argued that the judge’s daughter’s political consulting work could be seen as an actual or perceived conflict of interest for the judge, and his potential role in the case could “result in a financial benefit” for his daughter who “stands to profit from negative rulings or a conviction” against Mr Trump. Mr Trump’s lawyers also want Mr Merchan to “put on the record relevant information surrounding what appear to be certain political contributions.” Mr Merchan appears to have donated $15 to President Joe Biden campaign and $20 to two advocacy groups in 2020, according to federal campaign finance records. Mr Trump, Cohen and the former owner of the National Enquirer David Pecker allegedly worked in concert to “identify, purchase, and bury negative information about him and boost his electoral prospects” leading up to the 2016 presidential election, according to prosecutors. The alleged payments were used to cover up sex scandals as part of a “conspiracy to undermine the integrity of the 2016 election,” according to prosecutors. Hours after he first appeared in criminal court on 4 April, and after the judge warned him against making any incendiary remarks or personal attacks, Mr Trump immediately flew back to his Mar-a-Lago resort in Florida, where he went on to do just that. “I have a Trump-hating judge, with a Trump-hating wife and family,” he said that night. He called Manhattan District Attorney Alvin Bragg “a local failed district attorney” and a “criminal” who should resign. Prosecutors have argued that a protective order was necessary to keep Mr Trump – who already has repeatedly lashed out at the judge and prosecutors – from broadcasting information about the case before a jury has been selected and a trial begins. Last month, the former president made his first appearance in court since his indictment, appearing on a video screen in front of two American flags with golden fringes seated next to his attorney. Mr Trump, who continues to rely on his online bully pulpit with an audience of obedient followers to broadcast veiled threats and insults at his perceived enemies, is prohibited from disseminating “covered materials” on social media platforms “including, but not limited, to Truth Social, Facebook, Instagram, WhatsApp, Twitter, Snapchat, or YouTube, without prior approval from the court,” according to a protective order issued last month. A trial is set to begin on 25 March 2024 – days after voting begins in presidential primaries. Read More Trump news - live: Classified document noted on tape is reportedly missing as Trump reacts to no Pence charges Trump investigation in Georgia could include other states in sweeping racketeering case, report says Trump and DeSantis must pledge to support eventual White House nominee as first debate announced Trump reacts to report Pence won’t face charges for classified documents: ‘I’m at least as innocent as he is’
2023-06-03 06:53
Frank Founder Charlie Javice Says JPMorgan Documents Will Exonerate Her
Frank founder Charlie Javice is seeking access to JPMorgan Chase & Co. documents she says will exonerate her
2023-06-03 05:54
OPEC+ Gathers to Make Choice Between Patience and Preemption
OPEC+ gathered in Vienna to decide whether to give their existing production cuts more time to take effect,
2023-06-03 05:22
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