Wuhan, the largest city in central China, has publicly demanded that hundreds of local companies repay their outstanding debts, various media reports have said. The debt collection announcement, a rare occurrence, sheds light on the dire financial situation plaguing the country's local governments even as the economic situation remains uncertainty.

Cash crunch in Wuhan: City plays debt collector in unusual move

Las Vegas, the renowned gambling capital of the world, is undergoing a transformation that has left many visitors puzzled and wondering if their luck is running out.

High rollers only: Las Vegas casinos chase bigger bets and smaller wins

China's economic trajectory has recently garnered attention and raised concerns in financial markets. Expectations of a robust post-COVID rebound have largely failed to materialise, leading to increased scrutiny from analysts.

The great Wall Street mystery: Unraveling China’s economic puzzle

President Recep Tayyip Erdogan winning the Turkish presidential runoff has turned out to be a bad news for the ailing Turkish lira. Bloomberg reported that the lira fell 0.

No relief for Turkish lira as it fall to record low after Erdogan's victory

Germany, the world's fourth-largest and Europe's largest economy, has become the first major economy to enter recession. However, a large number of people across the world already feel their economy is in a state of recession.

This global survey shows fear of recession is far more widespread than actual recession

The global fight against fake news has received a big setback. Microblogging platform Twitter has exited the European Union's disinformation code, which aims to fight harmful content and fake news.

Elon Musk-owned Twitter exits European Union's Disinformation Code

Even as the world grapples with an economic slowdown, India, the fastest-growing G20 economy, is set to achieve unparalleled success this year, Borge Brende, President of the World Economic Forum, has said.

Snowballing to success: World Economic Forum bets on India’s growth story

British engine maker Rolls-Royce on Sunday denied reports that it plans to cut 3,000 jobs. The company said in a statement that it has made no decisions about its workforce and that any suggestion of job cuts is "pure speculation.

'Pure speculation': British engine maker Rolls Royce denies reports of job cuts

The collapse of First Republic Bank, once revered for its specialized services to wealthy clients in California and New York, has sent shockwaves through the industry.

First Republic Bank collapse: From sweet mortgages to sour finances

In a raging legal dispute over the supply of engines, Pratt & Whitney has informed a Delaware court that it currently has no engines available for India's Go First airline, emphasizing that the airline also lacks rights over them.

Airline vs manufacturer: Go First Airline and Pratt & Whitney's engine saga unfolds in court

Chinese e-commerce giant Alibaba on Thursday said it plans to hire 15,ooo people in 2023, surprising market watchers who expected the company to lay off employees amid the global economic slowdown.

Alibaba makes a U-turn on layoffs, says it will hire 15,000 people in 2023

Credit rating agency Moody's on Thursday said that the US must make its mid-June interest payments to preserve its highest investment grade rating at AAA grade. "That's a really important date for us," William Foster, a senior vice president at Moody's told Bloomberg, referring to the June 15 debt payment due date.

Debt limit standoff deepens: US faces critical June 15 payment deadline

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