The unnatural steadiness of Turkey’s currency depreciation is drawing the attention of investors who borrow where interest rates

'I think that the occasional bareness of the character physically mirrors the bareness that we get to see emotionally in her', said Lily-Rose Depp

Bundesbank President Joachim Nagel said the European Central Bank is near peak for its borrowing costs, though another

President Joe Biden spoke with House Speaker Kevin McCarthy on Sunday and agreed they would meet on Monday afternoon to try to break the stalemate over legislation to raise the national debt limit. A call took place, according to a White House readout, which gave no indication to the tone of the discussion. Mr McCarthy characterised the call as “productive” in a comment to reporters. A day earlier, the Speaker said negotiations had taken a step backward following Mr Biden’s remarks that he believed the 14th Amendment could be used to circumvent Congress on the issue. “I don’t think we’re going to be able to move forward until the president can get back into the country,” Mr McCarthy said on Saturday. “Just from the last day to today they’ve moved backwards. They actually want to spend more money than we spend this year.” Mr Biden’s call with Mr McCarthy took place while the president was on Air Force One bound for the US on Sunday. He had cut short his attendance at the G7 summit in Japan in order to lead negotiations with Republicans on the issue. During an appearance on Sunday show, Meet the Press, Treasury Secretary Janet Yellen once again warned that the federal government is projected to run out of money on or about 1 June. Should the US be unable to pay its outstanding obligations to debt holders, or even raise questions about its ability to do so, it risks a downgrade of the US’s credit rating which would affect interest rates on future loans. The last official downgrading of the United States’s credit rating occurred in 2011, when Standard and Poor’s dropped the US’s rating from “AAA” to “AA+”. “I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1. And I will continue to update Congress, but I certainly haven’t changed my assessment. So I think that that’s a hard deadline,” Sec. Yellen said. She added that the possibilty was “quite low” that the US could extend its ability to pay its obligations through 15 June - referencing remarks made by Republicans who suggested Treasury could maneuver past a 1 June deadline without hitting a default. ”[I]t’s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low,” said Ms Yellen. “[M]y assumption is that if the debt ceiling isn’t raised, there will be hard choices to make about what bills go unpaid.” Mr Biden has been roundly accused by conservatives of refusing to negotiate cuts to federal spending ahead of the debt ceiling deadline. The White House, meanwhile, has blamed Republicans for putting the country’s credit rating at risk. Earlier on Sunday, the president spoke at a press conference and did not indicate that he was completely opposed to reaching a compromise with Republicans on spending levels, though he warned that the GOP must be willing to move in his direction as well. “It’s time for Republicans to accept that there’s no bipartisan deal to be made solely — solely — on their partisan terms,” said Mr Biden. “They have to move as well.” Read More ‘Putin will not break our resolve,’ Joe Biden tells G7 Top House negotiator on debt limit says it's time to 'press pause' as talks come to standstill Biden meeting with Indo-Pacific leaders at G7 summit while confronting stalemate over US debt limit Debt ceiling showdown: Biden and congressional leaders to meet as McCarthy pushes for faster deal Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll G7 finance leaders promise support for Ukraine, vow to enforce sanctions against Russia

Senate minority leader Mitch McConnell reportedly tripped and fell while disembarking from a plane earlier this month before he abruptly froze mid-sentence during a news conference on Wednesday, according to reports. Mr McConnell fell from a plane at Ronald Reagan Washington National Airport on 14 July after the flight was cancelled and everyone had boarded the plane, two sources told NBC News. The 81-year-old has recently started using a wheelchair as a precaution while travelling in crowded places such as airports, a source said. A passenger who was in the same plane as Mr McConnel said he had a “face plant” and another passenger helped the Republican leader, according to the report. On Wednesday, he abruptly stopped while speaking during the weekly Republican leadership press conference and had to be led away by colleagues. The Kentucky senator stared vacantly for around 20 seconds before his colleagues who were standing behind him asked him if he wanted to return to his office. He did not respond but slowly walked back. He returned later to the conference and said he is “fine” and answered questions from the press. “The president called to check on me. I told him I got sandbagged,” he joked, in an apparent reference to a quote from Joe Biden in June he made after he tripped over a sandbag and fell while onstage at the US Air Force Academy graduation. A polio survivor as a child, Mr McConnel has long acknowledged some difficulty as an adult in climbing stairs. Mr McConnel was out of the Senate for almost six weeks after he sustained a concussion and fractured a rib when he fell and hit his head after a dinner event at a hotel earlier this year. He was hospitalised for several days. In 2019, he also tripped and fell at his home in Kentucky, causing a fracture in his shoulder and required surgery. “He’s definitely slower with his gait,” a Republican senator was quoted saying by NBC. They added that “he doesn’t address” his health issues even during closed-door meetings with GOP leaders. Read More Mitch McConnell leaves press conference abruptly after appearing unable to speak Trump news – live: Trump begs Congress to help save him from legal troubles as Jan 6 indictment decision looms North Korean leader Kim Jong Un meets with Russian defense minister on military cooperation Trump wants to see Biden impeached, and other Republicans are quick to pile on Mitch McConnell’s health history reveals previous issues after briefing freeze Mitch McConnell leaves press conference abruptly after appearing unable to speak

Australia’s central bank has lifted its benchmark interest rate for a 12th consecutive time to 4.1% and warned further rises could follow

Fire destroyed a historic World War II-era wooden hangar that was built to house military blimps based in Southern California

Campaigner and Bollywood star Dia Mirza is clear about who is to blame for climate change.

The U.S. government wants to raise the fuel economy of new vehicles 18% by the 2032 model year so the fleet would average about 43.5 miles per gallon in real-world driving

Kenoyer informed investigators that she was entitled to a portion of his inheritance and intended to divide the funds with his son

The presidents of South Korea and Poland have pledged to strengthen their security, business and trade relations

The House speakership drama enters a second week under increased urgency as Israel declared war Sunday following unprecedented surprise attacks by Hamas.