Budget
10 Dec
German Chancellor Olaf Scholz has addressed lawmakers about his coalition government's budget crisis. Ministers must fill a hole in state finances after a bombshell Constitutional Court ruling on borrowing.
5 Dec
With family incomes squeezed by a weak Chinese economy, international travelers are cutting back on designer goods and luxury hotels.
30 May 2023
US President Joe Biden has announced that an agreement has been brokered with Republican House Speaker Kevin McCarthy to raise the government's debt ceiling This pivotal piece of legislation, now poised for a vote in Congress, requires a simple majority for its enactment. If passed, it would circumvent an unprecedented debt default potentially looming as early as June 5. President Biden characterises the proposed legislation as a "compromise", outlining a two-year budget plan which, in essence, holds non-defence spending steady for 2024.
Latest
4 hours ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
7 hours ago
Housing is the social issue of the 21st century, German politicians and experts say time and again. And yet there's no improvement in sight, especially in cities, where affordable housing is in short supply.
7 hours ago
According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years
8 hours ago
As the US government and its allies mull new sanctions on Iran after Tehran's missile and drone attack on Israel, we look at whether existing sanctions have been effective at stemming the flow of Iranian oil to global markets.
8 hours ago
The Venice Biennale, which runs this year from April 20 to November 24, is one of the world's most prestigious international art shows, alongside the documents in the German city of Kassel.
9 hours ago
Indonesia is aiming to reduce its dependence on fossil fuels, with 30 percent of the country's energy slated to come from biodiesel by 2030. But the plan has caused alarm among environmental groups.