A senior Palestinian official familiar with Israel-Hamas ceasefire negotiations has told the BBC that Qatari and Egyptian mediators have proposed a new formula to end the war in Gaza. According to the official, it envisages a truce lasting between five and seven years, the release of all Israeli hostages in exchange for Palestinian prisoners held…
Getty Images US stocks and the dollar plunged again as President Donald Trump intensified his attacks on US central bank boss calling him “a major loser” for not lowering interest rates. In a social media post, Trump called on Federal Reserve chair Jerome Powell to cut interest rates “pre-emptively” to help boost the economy, saying…
Companies large and small are turning to special U.S. Customs-approved sites to avoid, at least temporarily, the payment of new tariffs implemented by President Trump. These locations, called foreign trade zones (FTZs) and bonded warehouses, are specially designated, secured storage or manufacturing sites approved by U.S. Customs where freight is not subject to U.S. duties…
President Donald Trump listens to reporters’ questions as he meets with Italian Prime Minister Giorgia Meloni in the Oval Office at the White House on April 17, 2025 in Washington, DC. Win Mcnamee | Getty Images President Donald Trump will meet Monday afternoon with executives from some of the nation’s biggest retailers, as his aggressive…
Passengers have been forced to evacuate a Delta plane after an engine caught fire while on the tarmac at Orlando International Airport in Florida. Video on social media shows smoke and flames rising from the right engine, and passengers exiting the aircraft down inflatable emergency slides. Delta flight 1213 was set to depart Orlando, famous…
When chef Elias Taddesse pivoted from working at high-end French restaurants in New York City to exploring Ethiopian flavors in his own kitchen, he knew he had to open his first shop in the nation’s capital. “What’s a better place to do it than D.C., with the biggest Ethiopian population next to Ethiopia,” he explained….
Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters Elon Musk is looking to put “proper value” on his artificial intelligence startup xAI, sources told CNBC’s David Faber. The comments came during a call with xAI investors last week, sources familiar…
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty Images President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning…
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Feb. 27, 2024. Morah Ratner | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and…
The Vatican has named 167 people who died in the 2019 Easter bombings in Sri Lanka as “heroes of faith”. The country’s cardinal, Malcolm Ranjith, made the announcement at an event to commemorate the sixth anniversary of the suicide attacks which targeted Catholic churches and five star hotels during Easter Sunday mass, killing 269 people….
