The King is to appear in public today after the bombshell claims emerged
WASHINGTON — Federal Reserve Chair Kevin Warsh said Wednesday that the U.S. central bank's main focus now is on inflation, in remarks shortly after its first rate hike since 2023. "Our predominant focus is on the price stability side of our mandate. The plain fact is that inflation is too high, and has been for too long," he told a press conference.
WASHINGTON — The Federal Reserve just raised the cost of money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it even costlier to borrow for homes, autos and other purchases. But if you've been socking money away, you’ll probably earn a bit more interest on your savings. The increase boosts the Fed's target rate to a range of 3.75 percent to 4.00 percent. Here’s what to know: Why is the Fed raising rates? The short answer: inflation. Inflation has remained above the Fed's 2 percent target for more than five years. The Labor Department reported Friday that consumer prices rose 3.4 percent in August compared to a year earlier, while the monthly increase quadrupled from July to hit 0.4 percent. The Fed’s goal is to slow consumer and business spending by raising the cost of borrowing, thereby reducing demand for homes, cars and other goods and services, eventually cooling the economy and reducing upward pressure on prices. Kevin Warsh, Fed
WASHINGTON — U.S. President Donald Trump threatened on Wednesday to cut trade with the European Union after the bloc proposed to make Canada its first ever associate member. EU chief Ursula von der Leyen raised the prospect a day before Canadian leader Mark Carney was due to address the European Parliament. Her pitch comes as both Canada and the European Union seek to pivot away from an aggressive United States under Trump's leadership. "I think it's laughable," Trump told reporters when asked about the plan. "If they do that, if I think it's at all a hostile act, I will put very serious tariffs or stop trading with Europe, on many things." He added: "If it's a good intention, that's fine. If it's a bad intention, we'll put very heavy tariffs on Europe, which is a possibility." Von der Leyen pitched closer cooperation on tech, defense and energy to Carney, who became the first non-European head of government to attend the annual "State of the European Union" speech. The German told the European Parliament in Strasbourg that, as democracies face a "fracture in the international rules-base
OpenAI said on Wednesday it would begin regularly publishing reports on unexpected or unauthorized AI behavior, while warning that the industry has yet to solve key alignment challenges as systems grow more powerful. The company released a new framework for tracking, investigating and disclosing cases of AI model misalignment, along with six reports on unexpected or concerning model behavior observed over the past six months. The announcement comes as concern grows that AI safety efforts are lagging behind the breakneck development of increasingly powerful systems. Researchers have warned that as AI agents become more autonomous, they may develop behaviors that diverge from their creators' intentions and become harder to monitor or control. OpenAI has faced increased scrutiny since its own AI agent breached systems at open-source platform Hugging Face during a test and attempted to hide its actions. Over the weekend, Anthropic CEO Dario Amodei proposed a three-step framework aimed at slowing the pace of AI development and allowing more time to manage its risks. The proposal was backed by s
WASHINGTON — U.S. President Donald Trump said he hoped an end to the war against Iran was near, as the conflict, in its seventh month, escalated with Saudi aircraft pounding Yemen and Houthi fighters launching drones and missiles at Saudi cities. The Iran-backed Houthis' lightning advance in Yemen along the Red Sea and their attacks on Saudi Arabia, along with attacks that damaged Saudi Arabia's East-West oil pipeline, have extended Tehran's reach in the war and heightened global oil-supply risks. As the war expands into a new theatre, the United States tightened its travel warning for Saudi Arabia, banning government employees from travelling within 20 miles (30 km) of the Yemen border. Still, just hours after reports of the Houthis and Saudi Arabia fighting, Trump told reporters on Wednesday evening: "Well, hopefully we are towards the end of the war." Trump says Iran wants a deal, oil price still elevated "They want to make a deal. We'll see how that works out," he said, referring to Iran, reiterating past comments. Trump also said he had heard from Iran "directly," without elaborati
HANOI — “Chinese is definitely the trend now.” At a Chinese Proficiency Test (HSK) testing center at Hanoi University in Vietnam on Sunday, 23-year-old Vu Thi Thao had just completed the Level 6 exam, the highest level of the test. “I quit my job at a Chinese railway company and am now preparing to become a Chinese-language instructor,” she said. “As Chinese companies expand into Vietnam at a rapid pace, the market for Chinese speakers has opened up significantly.” A Chinese language boom is sweeping Vietnam and other Southeast Asian countries. Unlike the Korean language learning boom that accompanied the Korean wave in the past, Chinese is increasingly becoming a key foreign language for employment. The trend has been driven by Chinese companies hiring large numbers of Chinese speakers as they move production bases to Southeast Asia to avoid U.S. trade restrictions. The growing popularity of Chinese in Southeast Asia is reflected in the numbers. According to data from the Chinese Testing International, Vietnam recorded 146,000 HSK test takers last year, the highest in the
SEOUL — The powerful sister of North Korean leader Kim Jong Un said Thursday that the country’s nuclear-armed status was “absolute”, calling those hoping for its denuclearization “idiots”. North Korea has legally enshrined its status as a nuclear weapons state, with its leadership declaring the country’s nuclear arsenal permanent and irreversible. US President Donald Trump
PM Modi marked his 76th birthday on Thursday, September 17, with several world leaders, including Russian President Vladimir Putin, extending congratulatory messages to the leader
Mohamed Bakkali, convicted for coordinating logistics for the 2015 Paris attacks, could be granted parole in Belgium despite receiving a 30-year sentence in France with a 20-year minimum term. Belgian authorities will decide on September 29 whether to release him under electronic monitoring, a prospect that has sparked anger among victims and families, while prosecutors oppose his release.
Asif said the agreement lays down a “very clear-cut position” that an attack on the territorial integrity or borders of one member would trigger obligations for the other two.
Jefferson White played Jimmy Hurdstrom on the hit neo-western series
OpenAI revealed an unreleased AI model inserted unauthorised instructions into its own work, telling itself it doesn't answer to corporations or governments.
Pierre Damas Bel fled Haiti and came to the U.S. with a dream of becoming a neurosurgeon. But after U.S. immigration authorities fitted the 20-year-old university student with an ankle monitor, he felt he was "treated like an animal" — and died weeks later when he walked into highway traffic.
A freak fish event that 'challenged reactor safety' at Canada's largest nuclear plant shows why the nuclear energy governments are relying on to fight climate change must also become more resilient to it.
Emmanuel Macron is hosting Lebanese President Joseph Aoun and Jordan's King Abdullah II in Paris for talks on Lebanon's security and international support for the Lebanese army. The meeting comes as concerns grow over Israel's continued strikes in southern Lebanon and the possible end of the UNIFIL peacekeeping mission, with France seeking a "clear, credible and realistic" plan to back Lebanon through funding, equipment and military training.
The US Labour Department’s H-1B fraud investigation is expanding beyond the technology sector, with whistleblower tips and field inspections helping investigators identify suspected abuses involving employers, recruiters and labour brokers.
A new study found that women who had a higher BMI at 20 appeared to have a reduced risk of post-menopausal breast cancer
The Houthis said their forces brought down the Saudi aircraft using a locally manufactured air-to-air missile while it was conducting what they described as “hostile operations”.
The spectacular no-show by Saudi Arabia's two defence allies - Pakistan, a nuclear power, and Turkey, which has NATO's second-largest army - is astounding
The Trump administration is reportedly preparing a $2.8 billion arms package for Israel, including 40,000 bombs, as Israel continues strikes in Gaza despite last October's ceasefire. The proposed deal would further strengthen Israel's military capabilities and revive deliveries of 2,000-pound bombs that had previously been paused over concerns about civilian casualties.
For the eye-catching price of eighty-five million dollars, Atlantic City's Steel Pier, with its storied past, is now on the market. The landmark amusement park provides vast ocean development rights that could lead to exciting future ventures. Purchased by the Catanoso family for just four point two five million fourteen years ago, this beloved destination has the potential for redevelopment into vibrant entertainment or residential facilities.
Almost three quarters of England remains in drought after record-breaking dry weather this spring and summer
India, meanwhile, said that it remained firmly committed to ensuring energy security for its people and will continue to source supplies from diverse sellers based on market dynamics after the US made a new move to punish such buyers.
Canadian Prime Minister Mark Carney will address the European Parliament on Thursday, a day after US President Donald Trump called Canada's bid to become an associate EU member a "hostile act." Trump threatened to "stop trading" with Europe and impose "very serious tariffs" if the bid succeeds. Follow our liveblog for the latest updates.
The National Institute for Health and Care Excellence (Nice) announced that it has reversed an initial decision to reject the drug for widespread use for the NHS in England
Japan PM Sanae Takaichi reshuffles Cabinet but keeps key US-facing ministers
At SEMICON India 2026, PM Modi emphasized India's advancements in semiconductor manufacturing, launching 12 projects and increasing funding to USD 13.5 billion. He noted India's strategic position in global supply chain and importance of innovation as the country strengthens its ecosystem.
OpenAI has disclosed six reports on unexpected or concerning behavior in artificial-intelligence models
US forces intercepted a floating refuelling station in the Eastern Pacific on September 16. This vessel allegedly supported illicit drug trafficking operations for Ecuador's Los Choneros organization. US forces removed the crew and transferred them to Ecuadorian authorities after clearing the vessel. The refuelling station was then sunk by US forces following the operation. This action aimed to disrupt logistical networks supporting drug trafficking in the Western Hemisphere.
Calling for a major rebranding of the effort to tackle climate change, the cross-party committee said the term had become a ‘lightning rod for opposition to climate action’
Employers should not take "a quiet workforce for an agreeable workforce", says the senior minister of state for digital development and information.
Home minister says secondary applicants – such as partners and children – will no longer be allowed on most student visas