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The Federal Reserve’s independence is hanging by a thread in the age of Trump
The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his willJerome Powell, who stepped down this week as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and achieved the most rare of feats: a “soft landing”, curbing inflation without sparking a recession or damaging employment.Strangely, given the chaotic era of pandemi...
Key takeaways from Trump's China trip
Key takeaways from Trump's China trip Updated May 15, 20269:19 AM ET Originally published May 15, 20267:00 AM ET Heard on Morning Edition By Tamara Keith , Jennifer Pak Trump returns to the U.S. after 2-day trip to China Listen · 3:50 3:50 Toggle more options Download Embed Embed
Here's How to Remember Jerome Powell
Today marks Jerome Powell’s last day as Fed chair. He might be remembered for his rocky relationship with the White House, but Bloomberg Opinion executive editor Robert Burgess thinks his legacy lives with his swift handling of the economy. (Source: Bloomberg)
Taliban recognises child marriage under new rules, with specific guidelines for 'virgin girls'
Taliban recognises child marriage under new rules, with specific guidelines for 'virgin girls'By ELIANA SILVER, SENIOR FOREIGN NEWS REPORTER Published: 11:57, 15 May 2026 | Updated: 12:00, 15 May 2026 e-mail View comments
Ecobank Seeks Yuan Link to Trim Dollar Dominance in Africa Trade
Pan-African lender Ecobank Transnational Inc. is exploring ways to facilitate direct yuan payments for its clients trading with China as it seeks to boost ties with the continent’s biggest trading partner and reduce reliance on the dollar.
Labour’s “horrible but necessary” week
There was a point yesterday when Labour people reached a state approaching despair. Whether Keir Starmer loyalists or otherwise, they seemed to be ending a week of Labour convulsions weakened, divided and with no answer to their predicament on whether or not to change leader. “I really don’t know how we come together and stagger on after this,” one government loyalist mused. Most of the people I spoke to said they were sad, exhausted, lost. Labour seemed to be bound for stasis, and more convulsi...
London MPs back Andy Burnham Commons comeback: 'We need our best players on the pitch'
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Government blocks 11 ‘far-right agitators’ from UK for Tommy Robinson rally
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India Braces for More Fuel Hikes As Iran War Forces Modi’s Hand
India’s consumers — hit with the first fuel price hike in four years — will likely face more such rises in the near term, as the government grapples with the economic impact of a months-long conflict in the Persian Gulf.
Jews are not safe in London, says Met Chief in starkest warning of antisemitism rise
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What does new City minister Rachel Blake have in store for the Square Mile?
The Westminster drama has hit the City in more ways than one. After Wes Streeting’s resignation triggered a mini-reshuffle, Felix Armstrong and Samuel Norman take a look at what the new City minister might have in store. In just under two years, the City has its fourth minister. Tulip Siddiq resigned in January 2025 after a corruption investigation in Bangladesh, with Emma Reynolds appointed in her place. Reynolds went on to be promoted just eight months later and be replaced by Lucy Rigby...
Reading meningitis outbreak update as details emerge of children being treated
One student at Henley College in Oxfordshire has died while another two cases are pupils at Reading Blue Coat School and Highdown Secondary School, the UKHSA said
British discus champion outraged after Heathrow 'meet and greet' parking firm staff joyride her Ford Focus while she's abroad
British discus champion outraged after Heathrow 'meet and greet' parking firm staff joyride her Ford Focus while she's abroadBy JON BRADY, SENIOR NEWS REPORTER Published: 11:26, 15 May 2026 | Updated: 11:29, 15 May 2026 e-mail View comments
Wes Streeting backs Andy Burnham for Makerfield by-election
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Top cartel leader known as "The Gardener" hit with U.S. charges
Crime Cartel boss known as "The Gardener" hit with U.S. charges after being captured while hiding in ditch Updated on: May 15, 2026 / 6:26 AM EDT / CBS/AP Add CBS News on Google A U.S. federal grand jury on Thursday expanded the charges against the second-in-command of Mexico's Jalisco New Generation Cartel, accusing him of methamphetamine trafficking and conspiracy to launder money.Mexican drug kingpin Audias Flores Silva was arrested on April 27 in the western state of Nayarit in an operation...
Should India take over Pakistan's role to mediate US-Iran talks? What Russia said
Russian Foreign Minister Sergey Lavrov suggested India could play a long-term diplomatic role in mediating US-Iran tensions, while Pakistan facilitates immediate dialogue. Lavrov highlighted India's diplomatic experience and global standing, noting its direct stake in West Asian stability and energy security.
Ukraine attacks Russia with drones after suffering three days of massive strikes
Large-scale attack on Russian regions and huge oil refinery comes after 24 were killed when missile hit flats in KyivUkraine has launched a large-scale long-range drone attack targeting several regions in Russia including the huge Ryazan oil refinery, after several days of massive strikes by Moscow against Ukraine.Kyiv’s attack on Friday followed three days of drone and missile attacks on Ukraine, including on the capital, Kyiv, where a cruise missile hit an apartment block on Thursday, killing...
Greens suggest they will properly contest byelection in blow for Burnham
Statement follows speculation party would not field candidate in Makerfield or barely fight seat UK politics live – latest updatesThe Greens are going to campaign for the upcoming Makerfield byelection, complicating Andy Burnham’s potential route back to parliament against what is expected to be a strong Reform UK challenge.A statement from the Greens said candidate selection was in process, and that the party had learned from its win in another Greater Manchester seat in February, when they ove...
'New chapter in defence': Rajnath launches production base for 5th gen AMCA jets
Defence Minister Rajnath Singh and Andhra Pradesh Chief Minister N Chandrababu Naidu have embarked on an exciting venture by launching a colossal Rs 16,000-crore project to develop India's homegrown 5th-generation Advanced Medium Combat Aircraft (AMCA) in Sri Sathya Sai district.
13 men killed by US military boat strikes identified: ‘These were flesh-and-blood people’
All victims of US strikes in eastern Pacific and the Caribbean identified so far came from extremely poor communitiesSign up for the Breaking News US newsletter emailA five-month investigation has named 13 previously unidentified victims of US attacks on boats allegedly carrying narcotics in a campaign that has killed nearly 200 people in the Caribbean and the eastern Pacific.It is unclear if the US has ever identified any of its 194 victims before attacking them, and the names of just three had...