The AUKUS pact is a waste of spending that could go towards more needed areas such as medicine, housing and the environment, writes Dr William Briggs. PRIME MINISTER Anthony Albanese’s photo opportunity with U.S. President Joe Biden and UK Prime Minister Rishi Sunak in San Diego ranks as one of the more grotesque and expensive ...

WASHINGTON (AP) — President Joe Biden is set to meet with two of America’s closest allies to announce that Australia will purchase U.S.-manufactured, nuclear-powered attack submarines to modernize its fleet, amid growing concerns about China’s influence in the Indo-Pacific region. Biden is traveling Monday to San Diego, where he will meet Australian Prime Minister Anthony ...

WASHINGTON (AP) — There’s one way to force President Joe Biden and Congress to solve the looming crisis over the debt limit: a financial market crash. That’s a view held by several economists and a former White House official, mindful that Congress rarely acts unless an emergency forces lawmakers to. “For that drama not ending ...

WILMINGTON, Del. (AP) — The Biden administration is close to tightening rules on some overseas investments by U.S. companies in an effort to limit China’s ability to acquire technologies that could improve its military prowess, according to a U.S. official familiar with the deliberations. The soon-to-be-issued executive order from President Joe Biden will limit American ...

The ESG fight is moving from the US Capitol to the White House.Photo: Jon Cherry (Reuters) More than halfway through his term, US president Joe Biden has yet to use his veto power. But that could change after the US Senate voted this week to block a US Labor Department rule that would have allowed ...

European companies including Northvolt, Linde, Volkswagen, Enel have all expressed interest in profiting from the U.S. subsidies. Experts have argued that the simplicity of the IRA is too attractive to pass up on. But Europe cannot afford to lose key investments as it struggles with a cost-of-living crisis. Elon Musk, Tesla CEO, on a stage ...

President Biden speaks to reporters during a White House event on Wednesday. Photo: Win McNamee/Getty Images President Biden is threatening to use the first veto of his term to block a bill targeting a rule on retirement investing that passed through Congress this week. The big picture: The measure would overturn a Labor Department rule ...

The Senate is expected to pass a bill to overturn a Labor Department rule that allows fiduciary retirement fund managers to consider environmental, social, and corporate governance (ESG) factors. President Joe Biden plans to veto the bill if it comes to his desk — the first veto of his presidency. Republicans say the ESG investing ...

NEW YORK (AP) — After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress. House Republicans voted late Tuesday to overturn a rule by the Department of Labor that allows retirement plans to consider environmental, social and governance factors when making investment decisions. The matter goes ...

Kristalina Georgieva, the Managing Director of the International Monetary Fund, said the IMF supports countries with their own, monetarily backed digital currencies.Photo: Britta Pedersen/picture-alliance/dpa (AP) The world needs a new crypto crackdown, or else there’s the nuclear option—at least according to one of the world’s biggest financial bodies. Kristalina Georgieva, the Managing Director of the ...