The country’s longest-serving leader has ramped up the nationalist, conservative rhetoric with the help of a powerful media machine.
US employers are gradually dialing back the pace of hiring and hourly earnings are moderating, offering some solace to Federal Reserve policymakers in their bid to wrangle still-elevated inflation.
Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass the legislation before a June 5 default deadline is another challenge altogether.
Indonesia’s state utility company, PT PLN, seeks to tap funds from a $20 billion climate finance deal to replace its diesel-fueled power plants with solar.
President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending and assistance for the poor as part of their debt-limit deal. They must now sell the deal to lawmakers from both parties.
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