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...
Russian President Vladimir Putin has signed a law banning the distribution of advertisements on the information platforms of "extremist and undesirable" organizations. Platforms such as Instagram and Facebook (which are banned in Russia) will also be affected by these amendments.
The law specifies that both advertisers and distributors of advertising will be held accountable for violations of the ban.
Penalties for such offenses are outlined in the Code of Administrative Offenses. Individuals who violate the advertising law could face fines of up to 2,500 rubles (approximately $30), officials may be fined up to 20,000 rubles (approximately $240), and legal entities could incur fines of up to 500,000 rubles (approximately $6,000).
State Duma Chairman Vyacheslav Volodin explained that the initiative to ban advertising on undesirable platforms aims to prevent the enrichment of their owners, who engage in "provocative activities and unfriendly actions" towards Russia and its citizens.
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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