Invading Israeli forces have crossed north of Lebanon's Litani River and seized the medieval Beaufort Castle
In his first public remarks since the conclusion of his time as Federal Reserve chair, Jerome Powell has issued a blunt warning that the central bank is undergoing a "stress test" and its credibility is on the line. The big picture: While Powell's remarks Sunday evening, in accepting the John F. Kennedy "Profiles in Courage" award, do not mention the Trump administration's attempts to undermine Fed independence specifically, the meaning of his words is plain. Those include a criminal investigation of the Fed's over-budget building renovation and the attempted firing of governor Lisa Cook.Powell framed attempts to weaken the Fed's independence from politics as endangering an institution that is crucial in sustaining American greatness. State of play: Powell's term as Fed chair ended May 15, but he is remaining in place indefinitely as one of seven Fed governors pending resolution of the president's threats to Fed independence, denying President Trump a vacancy on the powerful board. He has said he will keep a low profile in his new role as an ex-chairman serving the Fed board, a situation not seen in 75 years. What they're saying: "Like many other institutions, the Fed has been undergoing a stress test," Powell said, according to a prepared text to be delivered at the John F. Kennedy Presidential Library and Museum in Boston. "Congress wisely chose to insulate monetary policy decisions from political pressure," Powell said. "These protections have served the public well, and administrations from both parties have respected them.""If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well. The public would lose faith that the central bank will make decisions based only on what's best for all Americans.""The Fed's credibility would be lost. That credibility enables the Fed to support a strong and stable economy for the benefit of American families and businesses. Our credibility has been built and s
Russia struck the Ukrainian capital with a large ballistic missile attack, leaving at least one person killed
Russia has launched an intense missile and drone attack on Kyiv, shaking buildings across the city center
The Israeli prime minister said the Israeli military had controlled 50% of Gaza under the terms of a fragile ceasefire that took effect in October, adding: 'My directive is to move to 70%.'
Norway on Wednesday became the ninth country to join the France-led nuclear deterrence scheme, the leaders of both countries said. President Emmanuel Macron announced in March that France – the only nuclear-armed country in the EU – would extend its nuclear deterrence scheme to willing European partners
At least 31 people have been killed in Israeli attacks across southern Lebanon
US President Donald Trump on Monday urged Muslim-majority nations across the Middle East and beyond to normalize relations with Israel as part of the emerging Iran peace deal. In a lengthy social media post, Trump listed countries whose leaders he spoke with in a conference call on Saturday about efforts to end the war with Iran. "After all the work done by the United States to try and pull this very complex puzzle together, it should be mandatory that all of these Countries, at a minimum, simultaneously, sign onto the Abraham Accords."
Moscow calls upcoming 'systematic strikes' on Ukrainian capital a response to Kyiv's recent attack in Luhansk
Officials have warned that the tank contains a "highly volatile" substance that could lead to an explosion
The move by speaker El Malick Ndiaye clears the way for sacked premier Ousmane Sonko to run for head of parliament
First, at least 160 lives already feared lost, health workers in the DRC are racing against time to contain a deadly disease that spreads as fast as it kills. Also, a diplomatic rift with the European Union is widening over security funding in Mozambique. The Foreign Ministry has criticised Brussels for halting support for Rwandan troops deployed in Cabo Delgado. And, African animation is stepping out of the margins with bold global ambitions. As studios, streamers, and creators invest in original stories from the continent, the key question remains: can Africa turn this creative momentum into a truly sustainable animation industry?