Athletic Club seek first Champions League points against in-form Qarabağ
Athletic Club host Qarabağ FK on Wednesday at San Mamés, aiming to earn their first points in the new Champions League league phase as the Azerbaija...
The U.S. Federal Reserve left its benchmark interest rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, despite mounting pressure from the Trump administration to ease borrowing costs.
The decision, announced at the conclusion of the Federal Open Market Committee’s (FOMC) two-day policy meeting, came as recent data pointed to a slowdown in economic momentum and persistent inflation.
“Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year,” the Fed said in a statement.
“The unemployment rate remains low, and labor market conditions remain solid. Inflation remains somewhat elevated.”
The central bank acknowledged that uncertainty surrounding the economic outlook remains elevated, as it reaffirmed its commitment to achieving maximum employment and returning inflation to its 2% target.
The decision follows Commerce Department figures released earlier Wednesday showing that the U.S. economy grew at an annualized rate of 3.0% in the second quarter, following a 0.5% contraction in the first.
The Consumer Price Index (CPI) rose 2.7% year-on-year in June, marking the sharpest increase since February—widely attributed to the impact of tariffs on goods.
Among the 12 voting FOMC members, two dissented, favoring a 25-basis-point rate cut. One Fed board member abstained from voting.
The move underscores a cautious stance by the Fed amid political pressure from the White House, which has repeatedly called for lower interest rates to support growth ahead of the 2026 election.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Athletic Club host Qarabağ FK on Wednesday at San Mamés, aiming to earn their first points in the new Champions League league phase as the Azerbaijani side look to extend their perfect start.
Moscow says it will not seize European assets but warns it could reconsider if the European Union moves to confiscate frozen Russian sovereign funds.
The investigation into the downing of Azerbaijan Airlines Flight 8243, which crashed near Aktau on 25 December 2024, is nearing completion, Kazakhstan’s Deputy Prime Minister Kanat Bozumbayev said on Wednesday.
Shots were fired outside Serbia's parliament building in Belgrade on Wednesday and one person was injured, local media reported.
Flights were suspended from 10:30pm on Tuesday until 6:30am on Wednesday, following sightings of illicit balloon traffic in Lithuanian airspace, the National Crisis Management Centre (NCMC) said.
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