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Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.
China Slams Philippines’ Typhon Missile Deal with U.S., Warns of ...
2 days ago · The Philippines' decision to explore the acquisition of the U.S.-developed Typhon missile system has ignited tensions with China, which has condemned the move as a provocative escalation in an already volatile region. Philippine military chief Lieutenant-General Roy Galido announced on Monday that the missile system, known for its mid-range precision, would be deployed to protect the nation's ...
Senate Approves Social Security Expansion for Public Workers, …
4 days ago · The Senate passed the Social Security Fairness Act early Saturday, addressing a decades-long grievance among millions of retired public service workers. The legislation, which now heads to President Joe Biden for approval, promises to boost benefits for those affected by longstanding federal policies that reduced Social Security payments for …
Houthi Missile Hits Tel Aviv, Injuring Civilians
4 days ago · Tel Aviv faced an unprecedented missile strike early Saturday as a projectile fired from Yemen's Houthi forces landed in the Jaffa district, marking a rare direct hit on Israel's commercial and diplomatic center. The attack injured more than a dozen people and further underscored the intensifying regional fallout from the ongoing war in Gaza.
House GOP Scrambles to Avert Shutdown as Deadline Looms
5 days ago · The urgency was palpable in the House, as Republicans unveiled their fourth plan to fund the government. This proposal, expected to garner significant Democratic support, includes provisions for extending government funding until March 14, a one-year extension of the farm bill, and a $110 billion disaster aid package negotiated earlier with Democrats.
Trump and Musk Derail Spending Bill, Plunging Washington Into …
6 days ago · Washington descended into chaos on Wednesday as President-elect Donald Trump and billionaire Elon Musk led a campaign to block a bipartisan short-term spending bill, bringing the government to the brink of a shutdown. The move, orchestrated just days before the Christmas holiday, shattered House Speaker Mike Johnson's hopes of passing a continuing resolution (CR) to fund the government through ...
Bipartisan Funding Deal Collapses Amid Trump’s Call for Tougher ...
Dec 19, 2024 · Efforts to prevent a government shutdown unraveled on Wednesday after President-elect Donald Trump abruptly rejected a bipartisan funding proposal, demanding tougher negotiations just days before the deadline. The move has thrown Congress into chaos as lawmakers face the prospect of a shutdown heading into the holiday season.
Fed Likely to Cut Interest Rates Again While Signaling a Slower …
Dec 16, 2024 · The Federal Reserve is expected to implement another interest rate cut this week, reducing its benchmark rate by a quarter percentage point to approximately 4.3%. This decision, marking the fourth consecutive cut since September, comes as policymakers navigate a resilient economy paired with persistent inflationary pressures. Despite a stronger-than-anticipated economic performance, inflation ...
Biden Finally Addresses Drone Sightings, But Doubts Still Persist
Dec 18, 2024 · President Joe Biden has weighed in on the escalating reports of mysterious drone sightings across New Jersey and New York, seeking to calm public concerns. Speaking at the White House on Tuesday, Biden reassured reporters that there is "no sense of danger" linked to the unexplained activity. "Nothing nefarious apparently, but they're checking it all out," the president stated, marking his ...
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The Business Times is a trusted source of real-time news, intelligence and analysis on the forces reshaping global and national economy. Business Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020.