In a tale of revival amidst chaos, Canada's housing market has displayed encouraging signs of recovery following a prolonged slump. After months of grappling with a struggling housing market, the Bank of Canada in April stopped its interest rate hikes, maintaining the benchmark rate at a 15-year high of 4.

Mortgage mayhem & recoveries: Canada's housing market defies the odds

Will the United States default on its debt? -- that's the question spooking the Group of 7 (G7) nations at the moment. A potential default could trigger unprecedented consequences for the world economy, which is worrying the grouping.

US debt limit crisis spooks other G7 member nations

Tunisia and Egypt are inching closer to a severe debt crisis that could have far-reaching implications for the volatile North Africa region. As shortages of essential goods and financial market dysfunction plague the two countries, their wealthy West Asian neighbors, investors, and analysts are growing increasingly concerned, Reuters reported.

Drowning in debt: Tunisia and Egypt's battle for economic stability

British Prime Minister Rishi Sunak on Monday went live on LinkedIn to connect with over 200 CEOs and business leaders as part of a new programme "Business Connect", which aims to promote businesses in the United Kingdom.

Rishi Sunak taps LinkedIn to boost UK businesses

US aviation major Boeing has delivered more jets in the first quarter of 2023 than its European rival Airbus, media reports said. The US firm delivered 130 aircraft in the first quarter, which corresponds to January-March 2023.

For the first time in five years, Boeing beats Airbus in deliveries

US Treasury Secretary Janet Yellen on Tuesday sounded the alarm on the urgent need for Congress to raise the government's debt ceiling, warning that failure could trigger an "economic catastrophe.

Janet Yellen’s warning: Raise US debt ceiling or face economic catastrophe

Global fast food giant McDonald's on Tuesday reported better-than-expected earnings and revenue in the first quarter of 2023. Net income in Q1 of 2023 reached $1.

McDonald's Q1 earnings beat expectations despite fall in US consumer confidence

The last fiscal (2022-23) was challenging for India's top three tech companies: Tata Consultancy Services (TCS), Infosys, and HCLTech. All three companies witnessed a steep drop in hiring, as their cumulative employee additions dropped 65 percent from 197,000 in 2021-22 to just 68,886 in 2022-23, Moneycontrol reported on Tuesday.

India's IT giants Infosys, HCL, and TCS record 65% fall in hiring

E-commerce company Amazon began laying off employees in its human resource and cloud computing divisions on Wednesday as part of the previously announced job cuts that will affect 9,000 people.

Amazon cuts deep: largest layoffs in company's history hit cloud computing, ad teams

In a major development in the US debt ceiling battle, the United States House of Representatives on Wednesday passed a bill to raise the government's debt ceiling and make drastic budget cuts over the next decade.

US House passes bill to raise debt ceiling; proposal to face major Senate hurdle

Air India, the Indian flag carrier owned by the Tata Group, has announced plans to hire over 1,000 pilots, including captains, first officers, and trainers as part of its expansion plans.

Air India's expansion takes flight: Airline set to hire over 1,000 pilots

If you want to buy a property in Singapore, you would have to pay more. The Singapore government has decided to raise property taxes in a bid to cool its booming housing market.

Singapore hikes property tax sharply - What it means for home buyers

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