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INSANE: 27 - The Real Truth

After spy balloon incident, can China and the US talk again?

When US Secretary of State Antony Blinken this month called off his trip to Beijing, he chose his words carefully. China's launch of a spy balloon on a high-altitude journey over the United States was unacceptable and irresponsible, he said, but he was postponing - not cancelling - his visit.

Bangkok Post

Analysis-After spy balloon incident, can China and the U.S. talk again?

When U.S. Secretary of State Antony Blinken this month called off his trip to Beijing, he chose his words carefully. China's launch of a spy balloon on a high-altitude journey over the United States was unacceptable and irresponsible, he said, but he was postponing - not canceling - his visit.

Reuters

Yellen wants bolder World Bank steps on climate change, global issues

U.S. Treasury Secretary Janet Yellen urged the World Bank to map out "bolder and more imaginative" steps on Thursday to address global challenges such as climate change even as it continues to aid individual developing countries.

Reuters

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French, German ministers in Washington to defend EU economies

The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.

Radio France Internationale

‘Hope is not a strategy’: BofA CEO warns corporate America must prepare for the worst around debt ceiling

Bank of America CEO, Brian Moynihan, said now is not the time to start tweaking the 250-year-old Constitution.

Fortune

The Treasury secretary says the red-hot labor market means the U.S. can avoid a recession: ‘You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years’

“The country has been through a lot…But really we have a strong and resilient economy,” Yellen told ABC. “And inflation is coming down.”

Fortune

IMF: U.S. economy might yet manage to pull off a soft landing and avoid recession

Treasury Secretary Janet Yellen also downplayed the risk of the U.S. economy contracting: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years.”

Fortune

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Biden, McCarthy to meet, discuss debt ceiling at White House

President Joe Biden and House Speaker Kevin McCarthy are preparing for their first meeting since the GOP leader took power

The Independent UK

Alan Kohler: The RBA is fighting for its purpose … and its life

Let’s have a sort of “upper-level extension” to the RBA in the fight against inflation, writes Alan Kohler.

The New Daily

South Africa and Russia: President Cyril Ramaphosa's foreign policy explained

January was a busy diplomatic month for South Africa. The country hosted Russian foreign minister Sergei Lavrov and US treasury secretary Janet Yellen. Josep Borrell, vice-president of the European Commission, was also in town.

The Conversation

Can a trillion-dollar coin end the US debt-ceiling standoff?

Advocates say such a coin would be one option to bypass the debt ceiling, but others believe the measure would not be legally sound

The Guardian - US

Treasury to increase borrowing amid debt ceiling standoff

The Treasury Department has announced plans to increase its borrowing during the first three months of 2023

The Independent UK

Yellen warns of debt ceiling "catastrophe" for U.S. and beyond

“It would be devastating. It's a catastrophe," Yellen told Axios.

Axios

Treasury Secretary Yellen taunts Russia over U.S.-led sanctions: "They are scavenging"

“They have got their two biggest tank factories that can't repair their tanks.”

Axios

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Fortune

Billionaire investor Ray Dalio says the U.S. debt limit is a farce, and 'works like a bunch of alcoholics who write laws to enforce drinking limits'

While the Congress scrambles to reach an agreement on the debt ceiling, billionaire investor Ray Dalio writes that "there is no debt limit."

Al Jazeera

What is the US debt ceiling & why can’t Congress delay decision?

A default by the US government could have catastrophic effects on both domestic and global economies.

Al Jazeera

Fresh US sanctions target Russia’s Wagner mercenary group

Washington says Moscow is relying on Wagner Group in Ukraine war amid biting Western sanctions and battlefield setbacks.

Reuters

Yellen lauds Ford's 100-year history in South Africa, flags more investments

U.S. Treasury Secretary Janet Yellen on Thursday lauded the Ford Motor Co's 100-year history of assembling vehicles in South Africa and underscored Washington's resolve to expand trade ties with countries that it "can count on," including South Africa.

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Axios

China's first African debt rodeo is playing out in a land-locked country bigger than Texas

China is new to painful negotiations about taking a haircut on any of its loans.

The Independent UK

Yellen discusses energy transition in South Africa

U.S. Treasury Secretary Janet Yellen is discussing South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s finance minister

Reuters

Analysis-Southern Africa calls the tune as great power suitors queue up

South Africa and its neighbours were at the centre of a tussle for influence this week when top Russian and U.S. officials visited, offering a rare moment of leverage for governments on a continent more used to being buffeted by events than wooed.

Tribune News Service

US Treasury denies Republicans’ request for Hunter Biden records

WASHINGTON — The U.S. Treasury Department refused Wednesday to provide House Republicans any suspicious activity reports it may have on foreign banking and other business transactions by Hunter Biden and other members of President Joe Biden’s family.

The Independent UK

Yellen tours wildlife reserve to start South Africa visit

U.S. Treasury Secretary Janet Yellen has used a tour of a wildlife park in South Africa to announce a joint initiative to combat wildlife trafficking and related criminal activities in both countries

Al Jazeera

‘Cope with your own debt’, China tells US over Zambia debt relief

Washington and Beijing are vying for influence in Africa, where Chinese banks are major lenders.

The Independent UK

China uses US debt battle to deflect pressure on Africa debt

The Chinese government says the U.S. should stop pressuring it on debt relief for Zambia and get its own financial house in order to avert a default and the possible fallout on the global economy

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