President Joe Biden on Wednesday will call for a dramatic and more permanent shift in the direction of the U.S. economy with a roughly $2 trillion package to invest in traditional projects like roads and bridges alongside tackling climate change and boosting human services like elder care.
He also aims to put corporate America on the hook for the tab, which is expected to grow to a combined $4 trillion once he rolls out the second part of his economic plan in April.
Meanwhile, Dalian's most-active soyoil contract slumped 3.45% and its palm oil contract lost 2.06%. Soyoil prices on the Chicago Board of Trade rebounded with a 0.67%.
The KNU, one of the biggest rebel groups, took over an army base in eastern Kayin state at the weekend, prompting the military to respond with air strikes.
Palau is one of only 15 nations that officially recognise Taiwan over China, which views the self-ruled democratic island as its own territory and has vowed to one day seize it.
Iran will not stop its 20% uranium enrichment before the United States lifts all sanctions, Iranian state TV quoted an unnamed official as saying on Tuesday, after a U.S. media report said Washington would offer a new proposal to jump-start talks.
While the Biden Administration is taking a similar approach to dealing with China as their predecessors, the nature of their confrontation is different, as a quick reset on U.S-China relations looks increasingly unlikely.
The Biden Administration has banded together with major allies across the region to stifle China's influence, with the "Quad" including Australia, India, Japan and the United States.
Biden faced no questions on Covid, a sign of the changing national narrative -- and a scenario unimaginable for European leaders under pressure over infections.
President Joe Biden looks likely to run for a second term, despite his age and his image of a "transitional president" to bring the Democratic Party back in power.
Despite being the oldest President in American history at the age of 78, Biden would be 82 when running for his second term.
A senior Saudi official denied on Thursday he had threatened to harm the human rights expert who led the U.N. investigation into the murder of journalist Jamal Khashoggi, after the United Nations confirmed the expert’s account of the threat.
She has called for sanctions against Prince Mohammed over the killing of Khashoggi. The prince denies any involvement but has said he bears ultimate responsibility as it happened under his watch.
On Tuesday, Tesla CEO Elon Musk announced that it is now possible to buy Tesla vehicles in the United States with Bitcoin.
Tesla’s market value soared to over $800 billion by January, before dropping to less than $600 billion in February. It now stands at around $635 billion.
The hedge fund has told the company it should consider outsourcing its manufacturing operations to keep pace with rivals in the sector such as Taiwan-based TSMC and South Korean giant Samsung.
Taliban official says the proposal has been under discussion between the United States and the Taliban in Qatar for a while
The idea of reduction in violence between the Taliban and Afghan forces surfaced when a letter from US Secretary of State Antony Blinken to Afghan President Ashraf Ghani was leaked to the media
A statement released by the forum called on all involved parties to "reduce the level of violence in the country and on the Taliban not to pursue a Spring offensive, so as to avoid further casualties and to create an environment conducive to reaching a negotiated political settlement".
The People's Bank of China (PBOC) set the midpoint rate at 6.5098 per dollar prior to the market open, 239 pips weaker than the previous fix of 6.4859.