When China is making the world cleaner by providing quality electric vehicles (EVs) to global consumers, what has the United States been doing other than pointing the finger at China? Beijing, China | Yi Xin | In her recent trip to China, U.S. Treasury Secretary Janet Yellen repeatedly blasted Beijing’s industrial …
Read More »Key facts U.S. deliberately ignores about African debt
Western lenders for long have not been put on the spotlight for debt relief because they successfully managed to dupe the world that it’s only Chinese lenders that pose a threat to Africa Beijing, China | Xinhua | Like many senior U.S. officials who have visited Africa, U.S. Treasury Secretary Janet …
Read More »U.S. hits debt ceiling, Treasury Department takes “extraordinary measures”
Washington, U.S. | Xinhua | The United States hit its debt limit on Thursday, prompting the Treasury Department to take “extraordinary measures” to continue financing the federal government. Treasury Secretary Janet Yellen announced in a letter to House Speaker Kevin McCarthy that her department would put the temporary brakes on new …
Read More »U.S. slaps new sanctions on Russia as Moscow formally recognizes Ukrainian regions as Russian territory
Washington, U.S. | Xinhua | The administration of U.S. President Joe Biden slapped new sanctions on Russia on Friday, following Moscow’s formal recognition earlier in the day of four Ukrainian regions under Russian control since the early stage of the Russia-Ukraine conflict as Russian territory. Among the punitive measures announced by …
Read More »G7 to impose price cap on Russia oil: U.S. treasury secretary
Russia’s revenue from oil exports in June increased 40 percent from the average level last year despite Western sanctions Washington, U.S. | Xinhua | Finance ministers of the Group of Seven (G7) countries have agreed to impose a price cap on Russian oil, U.S. Treasury Secretary Janet Yellen said in a …
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