At least 31 people have been killed in Israeli attacks across southern Lebanon
DUBAI, May 25 (Reuters) - Iran's top negotiator in talks with the United States, Mohammad Bagher Qalibaf, has been reelected as the country's parliamentary speaker, semi-official Fars news agency reported on Monday. (Reporting by Elwely Elwelly;Editing by Alison Williams)
The Warsh era begins with soaring inflation, a Middle East energy shock bleeding into other parts of the economy and colleagues skeptical that rate cuts should come anytime soon. Add on top: Kevin Warsh faces more political pressure to deliver lower rates than any other Federal Reserve chair in recent memory. Why it matters: The 17th Fed chair, sworn in Friday at the White House, inherits a set of economic conditions that make it difficult to justify cutting rates. Despite President Trump's unprecedented pressure on Warsh's predecessor, Jerome Powell, to cut rates, the president struck a different tone on Friday."Honestly, I really mean this: I want Kevin to be totally independent and just do a great job. Don't look at me, don't look at anybody. Just do your own thing and do a great job," Trump said at Warsh's swearing-in ceremony. What they're saying: "Our mandate at the Fed is to promote price stability and maximum employment," Warsh said. "When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower, growth stronger, real take-home pay higher, and America can be more prosperous, and no less important, America's place in the world more secure.""To fulfill this mission," he added, "I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes, both escaping static frameworks and models, and upholding clear standards of integrity and performance." The intrigue: Not long before Warsh was officially sworn into the post, Fed governor Christopher Waller gave a notable speech that cemented his hawkish pivot. Just months ago, he was a leading advocate for rate cuts to boost what he saw as a souring labor market. Waller's speech, aptly titled "Policy Risks Have Changed," suggests his view has flipped.Waller said it might be appropriate to strip the Fed's policy statement of its "easing bias" language, aligning with a group of Fed presidents who dissented last month over the inclusion of such a signal. Zoom i
ANKARA, May 24 (Reuters) - Turkish riot police fired tear gas and broke through the gates of the main opposition party's headquarters to evict its ousted leadership on Sunday, a Reuters witness said. An appeals court on Thursday ousted Republican People's Party (CHP) leader Ozgur Ozel, annulling the results of the CHP congress where he was elected in 2023, citing irregularities. The court reinstated in his place former CHP chairman Kemal Kilicdaroglu, who lost to President Tayyip Erdogan in a national election that year
A powerful bomb has exploded near a railway track as a train carrying passengers passed through the southwestern Pakistani city of Quetta, wounding more than two dozen people, officials said
Iran has sent the US a new 14-point proposal to end the war
The Trump administration announced on Friday new guidance for green card hopefuls in the United States that mandates they must return to their home country before seeking permanent lawful status. The Department of Homeland Security claimed the current policy, which allows immigrants in the country on temporary visas to apply for permanent legal status from […]
By Andrew Gray BRUSSELS, May 4 (Reuters) - European nations have "gotten the message" from U.S. President Donald Trump and are now ensuring that agreements on the use of military bases are being implemented, NATO Secretary General Mark Rutte said on Monday. Trump has accused some NATO nations of not doing enough to support the United States in the Iran war. In a further sign of his discontent with European allies, the U.S. announced on Friday plans to withdraw 5,000 troops from Germany
Benchmark Brent crude surpassed $120 per barrel on Wednesday, reaching the highest levels yet seen during the US-Israel-Iran war
Four women and a child are among the dead, as fighting between Israel and Iran-backed Hezbollah continues despite a ceasefire
A French soldier was killed and three others wounded in an attack Saturday on UN peacekeepers in Lebanon that appeared to have been carried out by Hezbollah, French President Emmanuel Macron said, an accusation the group has denied. The attack follows an agreement between Israel and Lebanon on Thursday for a 10-day ceasefire to negotiate an end to six weeks of fighting between Israel and the Iran-backed group Hezbollah. "Everything points to Hezbollah being responsible for this attack," Macron said on X, urging Lebanese authorities to arrest the perpetrators