Violent youth protests in Morocco lead to 400 arrests and widespread damage
Moroccan authorities have arrested more than 400 people during violent youth protests demanding reforms in public health and education....
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.
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
Ukrainian President Volodymyr Zelenskyy accused Russia of deliberately cutting power to the Chornobyl and Zaporizhzhia nuclear plants, creating a risk of nuclear incidents.
Moroccan authorities have arrested more than 400 people during violent youth protests demanding reforms in public health and education.
American soybean farmers are struggling as China, once their largest buyer, shifts purchases to Argentina amid trade tensions and export incentives.
European Union leaders agreed on Wednesday to strengthen the bloc’s defences against Russian drones after recent airspace intrusions rattled Denmark and other member states.
Elon Musk has become the first person in history to amass a net worth close to $500 billion, driven by rising Tesla shares and soaring valuations of his other ventures.
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