US interest rates well-placed to fight inflation –Fed official

WASHINGTON, United States – US interest rates are in a good place for the Federal Reserve’s inflation fight, a senior central bank official said Monday, pushing back against President Donald Trump’s calls for cuts. “Overall, given the state of the economy and financial markets, I view the current stance of policy as only slightly restrictive, which

Trump says 25% tariffs on heavy trucks to start Nov 1

WASHINGTON, United States – President Donald Trump said Monday that a steep US tariff on imported heavy trucks would begin on Nov. 1, postponing the date that he initially threatened to impose such duties. “Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at

A divided Israel marks 2 years since Oct. 7 attack as war in Gaza grinds on and hostages languish

Israelis are mourning the dead and fearing for the remaining hostages as they mark two years since Hamas’ Oct. 7 attack plunged the region into a devastating war. Meanwhile, Israel and Hamas are conducting indirect negotiations in Egypt. The main memorial ceremony is being organized by bereaved families, not the government, reflecting deep divisions over Prime Minister Benjamin Netanyahu’s leadership, which many blame for the failure to secure a ceasefire that would free the hostages. Israel’s retaliatory offensive has killed tens of thousands of people and razed entire towns and cities in the Gaza Strip, where those who can are fleeing another Israeli invasion of Gaza City.