The country faces a recession if it defaults on its debt, the Treasury Secretary has said US Treasury Secretary Janet Yellen on Saturday warned of dire consequences the country may be facing if it doesn’t hike its statutory debt ceiling in the coming months. According to the senior official, the US could default on its…

The West’s reliance on military aid to Ukraine and sanctions on Russia has failed, Hungary’s PM has said The Russia-Ukraine conflict could end the West’s dominance and shift the balance of power in the world, Hungarian Prime Minister Viktor Orban has said. Russia launched a military campaign against the neighboring country in late February.

The downgrade is attributed to a steep drop in the sense of wellbeing among Americans under 30 Mounting gloominess among younger people has seen the US tumble down a global wellbeing index, according to the World Happiness Report released on Wednesday. For the first time in the ranking’s 12-year history, the country did not feature…