Russia launches 805 drones into Ukraine in largest air attack since invasion
Russia has launched up to 805 drones and 13 missiles into Ukraine overnight in what is being called the 'largest air attack' against Ukraine since the...
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
In a statement, the Federal Open Market Committee (FOMC) said it remains focused on achieving its dual mandate of maximum employment and 2% inflation over the longer term, but acknowledged that uncertainty about the economic outlook has increased.
“The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen,” the Fed said.
The central bank also reiterated its commitment to adjusting monetary policy as needed if evolving risks threaten its economic objectives.
The decision comes amid political turbulence, particularly stemming from U.S. President Donald Trump, who has repeatedly criticized Fed Chair Jerome Powell for what he views as sluggish action in the face of mounting economic risks. Trump has called for aggressive rate cuts, referencing moves by European central banks and claiming that current U.S. policy could stall the economy.
In a string of posts throughout April, Trump called Powell “always TOO LATE AND WRONG” and claimed that “termination cannot come fast enough,” suggesting the Fed’s hesitancy could lead to a broader slowdown.
Despite the political rhetoric, the Fed has gradually reduced rates from a post-pandemic high of 5.5%—held steady from July 2023 to September 2024—to its current level, signaling a measured approach to monetary easing.
Analysts say the Fed’s pause reflects caution amid conflicting signals, including stable job growth, moderating inflation, and growing concerns about the impact of Trump’s tariff policies on global trade and domestic price pressures.
The next rate decision is expected in June, with markets watching closely for signs of whether the Fed will resume cuts or hold steady amid ongoing political and economic uncertainty.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Russian energy giant Gazprom has signed agreements with Kazakhstan and Mongolia to boost gas cooperation, including increased deliveries to Kazakhstan in 2025–2026 and a study on gasification in Mongolia’s capital, Ulaanbaatar.
A recent Federal Reserve Bank of New York (New York Fed) study reveals that while the use of artificial intelligence (AI) among businesses has grown significantly over the past year, very few companies have carried out AI-related layoffs.
Rising concerns over the U.S. economy and ongoing tariff disputes have put global government bonds under selling pressure, experts say. Donald Trump’s push for interest-rate cuts, combined with a major spending bill, has shaken investor confidence, sending bond prices down while yields rise.
Access to Google services was restored Thursday after a region-wide outage cut off millions of users across dozens of countries, with disruptions reported in platforms including YouTube, Gmail and Maps.
The pound and the yen came under strain on Wednesday, weighed down by renewed investor concerns over global fiscal health and political uncertainty in Japan.
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