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Republicans, Biden reach debt ceiling deal
Republicans, Biden reach debt ceiling deal
by  AFP

President Joe Biden and Republican leader Kevin McCarthy announced a deal Saturday to raise the debt ceiling, dragging the United States back from the precipice of default with only a few days to spare. Biden argued that he would not negotiate over spending issues as a condition for raising the debt ceiling, accusing the Republicans of taking the economy hostage.

China's first homegrown passenger jet makes maiden commercial flight
China's first homegrown passenger jet makes maiden commercial flight
by  AFP

China's first domestically produced passenger jet made its maiden commercial flight on Sunday, a milestone event in the nation's decades-long effort to compete with Western rivals in the air. "In the future, most passengers will be able to choose to travel by large, domestically produced aircraft," state broadcaster CCTV said.

Iraq warned to end oil addiction to avoid 'intensive care'
Iraq warned to end oil addiction to avoid 'intensive care'
by  AFP

Oil-dependent Iraq has been warned its economy risks going into "intensive care" unless it diversifies in line with worldwide efforts to tackle the impact of fossil fuels on the climate. "If oil plunges, our economy will go to intensive care."

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