Federal Reserve cuts interest rates, trims workforce
The Federal Reserve on Wednesday reduced its benchmark interest rate by a quarter point to a range of 4–4.25%, responding to slowing economic growth...
Continued violence in Democratic Republic of Congo has displaced more than 110,000 people in Goma. It's after the M23 rebels took control of the capital city. This, along with the halt of U.S. funding, has disrupted relief efforts.
The humanitarian crisis in eastern Congo has worsened due to widespread security issues, looting of supplies, the closure of Goma airport, and funding cuts, severely disrupting relief efforts, according to the Office for the Coordination of Humanitarian Affairs.
Despite calls for a ceasefire, the M23 rebels have advanced on Bukavu, taken control of Goma, and displaced over 110,000 people, with nearly a million displaced since 2022.
The United Nations reports that eastern Congo relies heavily on U.S. aid, and funding cuts have already halted several projects.
U.N. Humanitarian Coordinator Bruno Lemarquis noted, "Out of the $1.3 billion in humanitarian aid, $910 million came from the U.S., meaning we are 70% dependent on it. This makes Congo the most aid-dependent country in the world, and replacing that funding will be extremely difficult. The consequences are already being felt, as several partners have had to pause their projects."
The M23, a rebel group formed in 2012 with mainly ethnic Tutsi fighters, emerged after a peace agreement they claimed was violated. Since then, they have launched violent campaigns in eastern Congo. After resurfacing in 2021, the group advanced into South Kivu in early 2025, capturing Goma and declaring their own administration.
Backed by Rwanda, the M23 claims to be fighting for the rights of ethnic Tutsis, while the government of the Democratic Republic of Congo argues that the group seeks control of the region's valuable mineral resources.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
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.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
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.
Saudi Arabia and Pakistan have formalised a mutual defence agreement, reinforcing a decades-long security partnership, Pakistani state television reported on Wednesday.
Polish Prime Minister Donald Tusk said on Wednesday that Russia bears responsibility for damage to a house in the village of Wyryki in eastern Poland. This statement comes amid media reports suggesting that the incident may have been caused by a stray Polish missile rather than a Russian drone.
The Federal Reserve on Wednesday reduced its benchmark interest rate by a quarter point to a range of 4–4.25%, responding to slowing economic growth and persistently high inflation.
The European Commission has proposed sanctions against several Israeli Cabinet ministers and violent settlers, alongside a partial suspension of Israel’s trade privileges with the bloc.
AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspian Sea.
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