The Biden administration began implementing a sweeping policy shift at the U.S.-Mexico border on Friday as a COVID-era order that had allowed the swift expulsion of many migrants expired and new asylum restrictions took effect amid confusion and uncertainty.
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The Washington standoff over raising the U.S. government's $31.4 trillion borrowing limit is adding to global economic worries, as a new non-partisan congressional report cited "significant risk" of a historic default within the first two weeks of June.
- WorldFormer PM Imran Khan granted bail, leaves court
His arrest in a land fraud case ignited deadly protests and a tussle with the military.
- MarketsG7 finance chiefs debate reducing supply chain reliance on China
They discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.
