Trump urges to cut rates before Powell testimony
U.S. President Donald Trump called for a major interest rate cut before Federal Reserve Chair Jerome Powell’s testimony to Congress.
Ford Motor Company is recalling more than 1 million vehicles across multiple models due to a software glitch that could cause the rearview camera to malfunction, increasing the risk of an accident.
According to a notice filed with the U.S. National Highway Traffic Safety Administration (NHTSA), the camera image may freeze, delay, or fail to display when the vehicle is shifted into reverse. The defect poses a serious safety risk, especially when drivers rely on the rearview feed to maneuver.
Ford says the issue will be resolved either at dealerships or through an over-the-air (OTA) software update. A preliminary safety notification will be sent to affected vehicle owners starting June 16. A follow-up letter with details on the update is expected in the third quarter of 2025.
The recall affects 1,075,299 vehicles from a wide range of models, including:
2021–2024 Bronco
2021–2024 Edge
2023–2024 Escape
2021–2024 F-150
2023–2024 F-Series Super Duty (F-250 to F-600)
2022–2024 Expedition
2022–2025 Transit
2021–2023 Mustang Mach-E
2024 Ranger
2024 Mustang
2021–2023 Lincoln Nautilus
2022–2024 Navigator
2023–2024 Lincoln Corsair
Ford encourages customers to contact its customer service line at 1-866-436-7332 for further assistance. NHTSA can also be reached via its Vehicle Safety Hotline at 888-327-4236 (TTY: 888-275-9171) or online at nhtsa.gov.
The recall has been assigned the reference number 25S49 by Ford.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
European markets rallied on Tuesday, with shares climbing more than 1% after U.S. President Donald Trump announced a ceasefire between Israel and Iran, easing geopolitical tensions and lifting investor confidence.
Oil prices fell sharply for a second day after Israel confirmed a U.S.-brokered ceasefire with Iran, easing fears that the conflict would disrupt global energy supplies.
U.S. President Donald Trump called for a major interest rate cut before Federal Reserve Chair Jerome Powell’s testimony to Congress.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.
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