Trump slams Fed over interest rates, says US should borrow at ‘1% or better’
U.S. President Donald Trump on Monday sharply criticised the Federal Reserve, claiming America should be paying ultra-low interest rates similar to Ja...
Stay updated with the top news for January 11th in our Morning Briefing.
Start your day informed with AnewZ Morning Briefing: here are the top news stories for January 11th, covering the latest developments you need to know.
1. Jeju Air 'black box' data missing from last 4 minutes before crash, South Korea ministry says.
The flight data and cockpit voice recorders on the Jeju Air jet that crashed on Dec. 29 stopped recording about four minutes before the airliner hit a concrete structure at South Korea's Muan airport, the transport ministry said on Saturday.
Authorities investigating the disaster that killed 179 people, the worst on South Korean soil, plan to analyse what caused the "black boxes" to stop recording, the ministry said in a statement.
2. Hollywood celebrities clear their closets for fire aid.
When wildfires destroyed parts of Los Angeles this week, real estate agent Jenna Cooper started asking friends for clothing and other items to help people in need.
Her request spread quickly through a network of powerful women. Actors including Sharon Stone and Halle Berry responded, providing sweaters, shoes, clothing, handbags, belts, pajamas and more pulled from their own collections.
3. Los Angeles firefighters make progress as intense winds ease - for now.
Firefighters finally started gaining control over two major wildfires on the eastern and western flanks of Los Angeles on Friday as fierce winds that supercharged the fires for days finally eased.
Six simultaneous wildfires have devastated Los Angeles County neighborhoods since Tuesday, killed at least 11 people and damaged or destroyed 10,000 structures. Those totals are expected to grow once it is safe enough for firefighters to conduct house-to-house searches.
4. Biden and Zelenskyy discuss US support for Ukraine, sanctions, air defenses.
U.S. President Joe Biden and Ukrainian President Volodymyr Zelenskyy discussed on Friday Washington's support for Ukraine, new U.S. sanctions against Russia and boosting Ukrainian air defenses, Zelenskyy said.
Zelenskyy, in a social media post, thanked Biden for Washington's support in Ukraine's nearly three-year war with Russia and for "the vital role the United States has played in uniting the international community".
Zelenskyy said the presidents also discussed new U.S. sanctions against Russia's energy sector, "which helps (Russian President Vladimir) Putin bankroll the war".
5. Meta, Amazon scale back diversity programs ahead of Trump inauguration.
Facebook owner Meta Platforms and Amazon.com are winding down diversity programs ahead of Republican Donald Trump's return to the U.S. presidency as conservative opposition to such initiatives grows louder.
6. US supports Musk argument in OpenAI lawsuit.
U.S. antitrust enforcers weighed in on Friday on Elon Musk's lawsuit seeking to block OpenAI's conversion to a public company, pointing out legal doctrines that support his claim that OpenAI and Microsoft engaged in anticompetitive practices.
The U.S. Federal Trade Commission and Department of Justice were not expressing an opinion on the case, but offered legal analysis on aspects of the case ahead of a Tuesday hearing in Oakland, California. Musk co-founded OpenAI and owns AI startup xAI.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a European production base for its unmanned aerial vehicles and civil jets.
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