The Fed's Inflation Fight Faces a New Challenge: A Dry Panama Canal
Federal Reserve Chair Jerome Powell keeps careful track of employment levels, wages, consumer prices and numerous other metrics
1970-01-01 08:00
Harry Kane discusses Mauricio Pochettino's Chelsea appointment
Tottenham striker Harry Kane has wished Mauricio Pochettino the best of luck at rivals Chelsea. The two worked together at Spurs from 2014 to 2019.
1970-01-01 08:00
Trump town hall – live: Trump dismisses documents scandal at Fox event as Dominion lawsuit goes unmentioned
Donald Trump sat down with Sean Hannity for a town hall in Iowa on Thursday evening to answer questions from local voters, although almost all of the questions came from the Fox News host himself. Before a raucous and adoring crowd, the Republican former president was asked about domestic and foreign policy topics, claiming he would solve most within six months of retaking office, boasting of his tough stance towards Russia and Iran. When other GOP primary candidates like Ron DeSantis and Asa Hutchinson were brought up, he dismissed the threat they posed as his audience booed and jeered the very mention of their names. But there was no mention whatsoever of Fox’s recent $787m settlement with Dominion Voting Systems over the former’s coverage of Mr Trump’s bogus claims that the 2020 presidential election fraud was “rigged” against him by a vast Democrat-led conspiracy to deprive him of a second term. Mr Trump did use the opportunity provided to try to shoot down the latest allegations that he knowingly stored classified Pentagon documents from his presidency at his Mar-a-Lago residence in Florida, insisting: “I don't know anything about it. All I know is everything did was right.” Read More Trump’s Fox and CNN town halls expose media’s inability to fact-check a fountain of nonsense Trump plays down legal threat of secret papers recording at Fox News town hall Trump surprises crowd by mocking people who say ‘woke’ – including his own son who runs businesses off it
1970-01-01 08:00
MLS clubs eye Celtic midfielder James McCarthy
Celtic midfielder James McCarthy is attracting interest from a number of sides in Major League Soccer.
1970-01-01 08:00
Global Food Costs at 2-Year Low But Grocery Bills Stay High
Global food costs fell to the lowest level in two years in May, reviving hopes that sticky inflation
1970-01-01 08:00
China Mulls New Property-Market Support Package to Boost Economy
China is working on a new basket of measures to support the property market after existing policies failed
1970-01-01 08:00
Debt-Limit Deal Clears Congress, Ending Threat of US Default
The Senate passed legislation to suspend the US debt ceiling and impose restraints on government spending through the
1970-01-01 08:00
BofA Says AI Frenzy Drives Record Inflows Into Tech
The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of
1970-01-01 08:00
Leeds United confirm departure of Sam Allardyce
Leeds United and Sam Allardyce have mutually agreed to part ways following their relegation from the Premier League.
1970-01-01 08:00
New York to Open Tiananmen Museum After Hong Kong’s Shuttered
A museum commemorating the Communist Party’s deadly crackdown on students in Tiananmen Square will open on Friday in
1970-01-01 08:00
Debt ceiling news - live: Senate passes debt limit deal bill sending it to White House for Biden signature
The Senate has passed a bipartisan agreement forged by US president Joe Biden and House speaker Kevin McCarthy to raise the $31.4 trillion US debt ceiling after the deal survived a Republican rebellion in the House of Representatives. The Fiscal Responsibility Act, which will also implement new federal spending cuts, cleared the lower chamber with 314 votes in favour and 117 against on Wednesday night. The narrowness of its passage through the House was made possible through the support of Democrats, who stepped in to thwart a Republican rebellion that badly undermined Speaker McCarthy’s claims to control over his increasingly divided party. On Thursday, the Senate rejected 11 proposed amendments before passing the bill 63 for to 36 against. Senate majority leader Chuck Schumer will now send the bill to President Biden’s desk for his signature. Full congressional approval was required before Monday 5 June, when the Treasury Department was expected to run out of funds to pay its debts for the first time in American history. Read More Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Lauren Boebert didn’t turn up to vote on debt ceiling deal she furiously campaigned against What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?
1970-01-01 08:00
Airlines Scour Globe for Capacity as Plane Shortage Takes Toll
The massive aircraft deals announced this year — from Air India’s record 470-plane order in February to newcomer
1970-01-01 08:00
