U.S. Treasury Secretary Scott Bessent said on Monday that the Federal Reserve is and should remain independent, but argued the central bank has “made a lot of mistakes” and defended President Donald Trump’s decision to dismiss Fed Governor Lisa Cook over alleged mortgage fraud.
Trump has repeatedly criticised the Fed and Chair Jerome Powell for not cutting interest rates, and recently attacked him over the costly renovation of the central bank’s Washington headquarters.
“The Fed should be independent. The Fed is independent, but I also think that they’ve made a lot of mistakes,” Bessent told Reuters during an interview at a diner in suburban Washington.
Malaysia and the United States will facilitate a ceasefire agreement between Thailand and Cambodia, Malaysian Foreign Minister Mohamad Hasan said on 1...
U.S. President Donald Trump remains set to meet Chinese leader Xi Jinping in South Korea in late October as both sides seek to ease tensions over tari...
Iran's foreign ministry on 14 October criticised U.S. President Donald Trump's call for dialogue, accusing Washington of "hostile and criminal behavio...
Around 6,000 students in Malaysia have been infected with influenza and some schools have been closed for the safety of children and staff, an educati...
SpaceX launched its 11th Starship from Texas on 13 October, landing in the Indian Ocean ahead of testing an upgraded version for future moon and Mars ...
U.S. President Donald Trump remains set to meet Chinese leader Xi Jinping in South Korea in late October as both sides seek to ease tensions over tariff threats and export controls, U.S. Treasury Secretary Scott Bessent said on Monday.
Wall Street closed sharply higher on Monday, led by gains in Broadcom and other chipmakers, as investors were reassured by U.S. President Donald Trump’s conciliatory tone on renewed U.S.-China trade tensions.
On 13 October, Azerbaijan’s Deputy Prime Minister Shahin Mustafayev met with Iran’s Minister of Roads and Urban Development, Farzaneh Sadegh.
The Gaza summit held on 13 October in Sharm El-Sheikh, Egypt, is being hailed as a significant diplomatic milestone for securing peace in the region.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
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.
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.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 14 October, covering the latest developments you need to know.
Malaysia and the United States will facilitate a ceasefire agreement between Thailand and Cambodia, Malaysian Foreign Minister Mohamad Hasan said on 14 October.
U.S. President Donald Trump remains set to meet Chinese leader Xi Jinping in South Korea in late October as both sides seek to ease tensions over tariff threats and export controls, U.S. Treasury Secretary Scott Bessent said on Monday.
The Gaza summit held on 13 October in Sharm El-Sheikh, Egypt, is being hailed as a significant diplomatic milestone for securing peace in the region.
A nor’easter bringing heavy rain and strong winds has caused widespread flooding across New Jersey.
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