The Senate has approved raising the government spending limit ahead of a looming deadline A last-minute deal aimed at averting the first-ever US default was approved by the Senate late on Thursday. The bipartisan bill to raise the country’s debt limit was passed by 63 votes to 36, one day after clearing the US House…

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British oil major BP reported record high annual profits in 2022, more than doubling its earnings amid soaring energy prices, the company announced on Tuesday. According to the disclosed data, BP’s underlying profits reached $27.7 billion in 2022, against $12.8 billion in the previous year. The earnings were the highest in the company’s history. Its…