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...
U.S. President Donald Trump said on Saturday that measures to prevent further escalation in the Russia-Ukraine conflict are "somewhat under control."
In an interview aboard Air Force One with Clay Travis, founder of the sports website Outkick, Trump stressed the importance of "rational discussions" and maintaining strong personal relationships with both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy as key elements in negotiating an end to the conflict.
Last week, Trump held separate discussions with both leaders in an effort to negotiate a ceasefire that would bring a temporary halt to hostilities—a critical step given that the full-scale war began when Putin ordered an invasion of Ukraine in 2022. Although Trump aimed for a comprehensive 30-day ceasefire, the talks resulted instead in an agreement for a pause: Putin agreed to cease Russian attacks on Ukraine’s energy infrastructure for 30 days, and Zelenskiy indicated he would accept a similar pause.
Trump highlighted that such measured approaches, combined with direct dialogue between the leaders, could pave the way for a more sustainable resolution. “Maintaining good relationships and engaging in rational discussions is essential,” he said, suggesting that personal rapport between world leaders plays a crucial role in de-escalating tensions.
While these developments fall short of a full ceasefire, the temporary pause in targeted attacks may help stabilize a conflict that has drawn global concern. As both sides continue to negotiate the terms of peace, the administration’s focus remains on preventing further escalation and setting the stage for future diplomatic breakthroughs.
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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