Unrealised losses at U.S. private credit lenders deepened in the first quarter to their worst level since 2022, while the amount of interest income they received in kind, rather than cash, stayed high, filings and data reviewed by Reuters showed.
This week, U.S. inflation hits a three-year high. Fed officials warn that AI – meant to ease inflation – might actually be making it worse.
While U.S.-Canadian relations have frayed under U.S. President Donald Trump, data on Canadian citizenship approvals under recently widened rules suggests many Americans would welcome the chance to become Canadian.
They can back the president’s fund to benefit his allies or defy a commander-in-chief who just ended the careers of two Republican senators.
California will impose a 100% tax on payments distributed under the Trump administration’s nearly $1.8 billion fund for victims of alleged political “weaponization,” the state’s Governor Gavin Newsom announced on Wednesday.
Rescuers pulled four people from a flooded cave in Laos on Saturday, Thai volunteer rescuers said, hours after another man was brought out late on Friday.
Italy has banned two concerts involving U.S. rappers Kanye West and Travis Scott due to take place in July in the northern city of Reggio Emilia, authorities said on Saturday.
Strong relations between Vietnam and its giant neighbour and territorial rival China would benefit regional peace and security, although ties with the U.S. were also important, Vietnam’s top leader has said.
The big question hanging over this year’s Shangri-La Dialogue, Asia’s premier defence forum, is: “Where is China?”
Less than two months after he completed a carefully engineered transition from Myanmar’s junta chief to become president, Min Aung Hlaing will fly to India on an official visit on Saturday, his first overseas visit since taking the civilian role.