US stocks fall as inflation unexpectedly heats up

US stock markets tumbled on Wednesday as an inflation reading came in hotter than expected, fanning fears that the Federal Reserve will keep interest rates higher for longer. Following days of attention on US President Donald Trump's tariff moves, traders were focusing on the January consumer inflation data, which is set to play a role in the ...

Global Stocks Wobble, Gold Shines as Tariff Uncertainty Looms

United States stock markets wobbled, and gold reached fresh highs on Tuesday as traders kept a nervous eye on US President Donald Trump’s next tariff decisions, worried about inflation and interest rates. European markets rose, with both Frankfurt and London again setting records, while Asian equity markets struggled for direction. Trump has ...

Trump Claims Musk Will Uncover "Hundreds of Billions of Dollars in Fraud"

President Donald Trump said in remarks airing Sunday that Elon Musk, who is presiding over a purge of US government jobs, will help find "hundreds of billions of dollars of fraud" in federal agencies. Speaking in a Fox News interview set to air before the Super Bowl football championship, Trump said the American people "want me to find" waste ...

Syrian Shelling on Lebanese Border Towns Causes Several Injuries

After a calm night, residents of the Lebanese border town of Jarmash woke up on Saturday to the sounds of Katyusha rockets and mortar shells fired from the Syrian side. A barrage of 50 shells rained down on several towns in Jurud al-Hermel during the early morning hours, escalating tensions along the border. The Lebanese Red Cross has so far ...

IMF to Unveil New Loan Package for Egypt

The International Monetary Fund (IMF) plans to submit a new loan agreement with Egypt for approval by its board, the global lender’s communications chief said Thursday, as the country seeks to strengthen its economy. “A policy package of reforms will be considered by the Fund’s executive board, along with the fourth review of Egypt’s ...

Trump Wants to Jail American Citizens in Salvador

President Donald Trump on Tuesday backed an offer by El Salvador to take in prisoners -- including US citizens -- despite clear legal problems with such an outsourcing under American law. "If we had the legal right to do it, I would do it in a heartbeat," Trump told reporters in the Oval Office. "It's no different than our prison system, except ...

Qatari Prime Minister Calls for Implementation of Resolution 1701

Qatar’s Prime Minister and Foreign Minister, Mohammed bin Abdulrahman al-Thani, emphasized on Tuesday the necessity of implementing UN Resolution 1701 “to restore Lebanon’s sovereignty.” Speaking at a press conference following his meeting with President Joseph Aoun at the Presidential Palace, Bin Abdulrahman ...

Japan 'deeply concerned' at global impact of Trump tariffs

Japan is “deeply concerned” about the possible repercussions on global trade of US President Donald Trump's sweeping tariffs targeting major trading partners Canada, Mexico and China, its finance minister said Sunday. Trump said Canadian and Mexican exports to the United States would face a 25 percent tariff starting Tuesday, while goods from ...

Netanyahu appoints Major General Eyal Zamir as Israel's new army chief

Prime Minister Benjamin Netanyahu appointed retired Major General Eyal Zamir as Israel's new Chief of Staff on Saturday, following the resignation of his predecessor last month, who took responsibility for failing to prevent Hamas's October 2023 attack. "Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz have agreed this evening ...

DeepSeek's 'Sputnik moment' exposes holes in US chip curbs

US export controls on high-tech chips may have inadvertently fuelled the success of start-up DeepSeek's AI chatbot, sparking fears in Washington there could be little it can do to stop China in the push for global dominance in AI. The firm, based in the eastern Chinese city of Hangzhou, has stunned investors and industry insiders with its R1 ...