Sam Bankman-Fried, the founder of the failed crypto exchange FTX, has agreed to testify before the Senate Banking Committee next week as questions and confusion swirl about the collapse of his companies.
For the past 22 years, the Port of Los Angeles has been the busiest container port in North America, moving around 10 million cargo containers filled with goods for Americans and bringing in roughly half a billion dollars in revenue each year to the state of California. But for the past three months, the Port of New York and New Jersey has been No. 1.
China and Saudi Arabia expressed aligned policies on a range of areas from security to oil in a joint statement Friday, adding they will support each other while not interfering in each other's internal affairs.
Just two months after UK markets suffered their worst meltdown since the global financial crisis, the British government is promising a major relaxation of financial regulation in a bid to shore up the country's banking and insurance industries against growing competition from cities such as Amsterdam and Paris.
Chinese President Xi Jinping is visiting Saudi Arabia this week for the first time in nearly seven years, during which he is expected to sign billions of dollars of deals with the world's largest oil exporter and meet leaders from across the Middle East.
South Koreans are about to get a year or two younger, thanks to a new law passed on Thursday that aims to standardize how age is calculated in the country.
India's ruling Bharatiya Janata Party (BJP) scored a landslide election win in Prime Minister Narendra Modi's home state of Gujarat on Thursday, in a boost for the leader and his Hindu-nationalist party ahead of the 2024 general election.
The world's first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment.
A 24-hour strike at The New York Times, a historic demonstration in which more than 1,100 employees are expected to participate, began Thursday at midnight, after management and the union representing staffers failed to reach an agreement for a new contract after more than a year and a half of negotiating.
An Indonesian court on Thursday acquitted a retired army officer in the fatal shooting of four teenagers in Papua in 2014, crushing hopes the military would be held accountable for alleged abuses in the country's restive easternmost region.
The Federal Trade Commission on Thursday sued to block Microsoft's $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history.
Peru's new President Dina Boluarte ruled out early elections on Thursday, her first day in office following the dramatic ousting and arrest of her predecessor Pedro Castillo.
A recession may be coming, but consumers still want to look fashionable. Subscription clothing service Rent the Runway reported a more than 30% increase in sales for the third quarter after the closing bell Wednesday.
A bottleneck is building across an important trading route for oil, which if left unresolved could knock global supply and boost prices at a fragile moment for energy markets.
Iran has executed a man for injuring a paramilitary officer in the first known execution linked to protests that have swept the country since September, state media reported Thursday.
It seems like you can't go anywhere these days without colliding headfirst into another ominous prediction of imminent recession. CEOs, portfolio managers, politicians, news pundits, second cousins and even Cardi B are sounding the alarm: Hear ye! Hear ye! Economic downturn awaits all who dare enter 2023!
A must-pass defense bill now being negotiated in Congress includes new sanctions designed to trip up Russia's war machine by targeting Moscow's mountain of gold.
In the darkest moments of her toughest training sessions, professional marathon runner Mary Ngugi likes to lean on her trackside audience for motivation.
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