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The United Nations is preparing to appoint its tenth Secretary-General under conditions that have no modern precedent. Antonio Guterres departs at year-end after two five-year terms, leaving behind an institution simultaneously managing a financing breakdown, a Security Council in persistent deadlock, and a loss …
Investors are increasing their bets that the Federal Reserve will raise rates as soon as next week, as the resurgence in oil prices triggered by the escalating war in Iran threatens to ignite a fresh burst of inflation. Markets are now pricing in a …
Language from the Federal Reserve's June meeting minutes captured a shift markets are only beginning to price in, noting that participants observed strong ongoing demand for AI infrastructure was likely to sustain upward pressure on prices for technology products and electricity. Artificial intelligence was …
Air defense systems in Saudi Arabia intercepted two ballistic missiles launched from Yemen on Saturday targeting oil refineries in Yanbu on the Red Sea, a day after US forces launched fresh air strikes on Iran. Saudi civil defense issued several warnings for Yanbu before …
When America first reached a nuclear cooperation deal with the United Arab Emirates in 2009, it insisted on strict conditions, requiring the Emiratis to forgo domestic uranium enrichment and reprocessing while signing the Additional Protocol, a follow-on to the Non-Proliferation Treaty that provides for …
US missiles struck targets across Iran on Friday after President Trump vowed major military punishment for Tehran and its Houthi allies in Yemen over the extension of the Middle East war to a second major shipping chokepoint at the mouth of the Red Sea. …
During the global financial crisis of 2007-09, the Federal Reserve first began buying mortgage-backed securities to steady the housing market, later expanding into long-dated Treasuries to stimulate the broader economy through a policy known as quantitative easing. Three rounds of QE between 2009 and …
US trading partners from Canberra to Brasília rejected the forced labor rationale behind President Trump's new global tariffs, even as most signalled they would continue negotiating rather than pursue retaliation. The Office of the US Trade Representative took action under Section 301 of the …
The Trump administration imposed new tariffs on dozens of countries over alleged forced labor violations, according to a notice in the Federal Register, with duties set between 10% and 12.5% effectively replacing the president's temporary 10% global tariff that expired at 12:01 a.m. ET …
A case is building among some market strategists for the Federal Reserve to consider raising interest rates at its upcoming meeting, citing upside risks to inflation that could accelerate if geopolitical conditions deteriorate further. Core CPI came in at 2.6% year-over-year in June, matching …
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