Page 1245 - World News
US inflation broadly cools in encouraging sign for Federal Reserve
The so-called core consumer price index - which excludes food and energy costs - climbed 0.2% from April, Bureau of Labor Statistics figures showed
 "US inflation broadly cools in encouraging sign for Federal Reserve")
EU to imposes tariffs of up to 48% on electric vehicle imports from China
China has threatened retaliation across agriculture, aviation and cars with large engines. Beijing has already launched an investigation into some types of European liquor.
 "EU to imposes tariffs of up to 48% on electric vehicle imports from China")
US Fed leaves interest rates unchanged at 5.25%-5.5%; sees 1 cut this year
The rate-setting panel unanimously voted to hold the policy rate at the 23-year high mark
 "US Fed leaves interest rates unchanged at 5.25%-5.5%; sees 1 cut this year")
Gold gains on soft inflation data ahead of Fed's interest rate decision
Spot gold climbed 0.92% to $2,337.47 per ounce by 1700 GMT. U.S. gold futures for August delivery were up 1.2% at $2,354.60
 "Gold gains on soft inflation data ahead of Fed's interest rate decision")
More than 80 passengers killed in latest boat accident: Congo President
It was the latest deadly boat accident in the central African country where overloading is often blamed, including in February when dozens lost their lives after an overloaded boat sank.
 "More than 80 passengers killed in latest boat accident: Congo President")
Kuwait Emir vows to hold those responsible for fire that killed 49 people
Around 50 people, the majority of Indians, were killed in the fire early Wednesday in a six-storey building housing labourers in southern Kuwait, according to the latest reports
 "Kuwait Emir vows to hold those responsible for fire that killed 49 people")
Kuwait fire: Kerala CM writes to EAM, seeks Centre's intervention
Over 40 people, majority of them Indians, were killed in a devastating fire in a building housing labourers in southern Kuwait, central government officials said on Wednesday
Bangladeshi Nobel laureate Muhammad Yunus indicted on embezzlement charges
Along with Muhammad Yunus, 13 others have also been accused of embezzling more than $2 million from the dividends of the employees of a telecom company
 "Bangladeshi Nobel laureate Muhammad Yunus indicted on embezzlement charges")
Fed likely to scale back plans for rate cuts as inflation persists
The Fed's rate policies typically have a significant impact on the costs of mortgages, auto loans, credit card rates and other forms of consumer and business borrowing
 "Fed likely to scale back plans for rate cuts as inflation persists")
UK economy flatlines in April in blow to Conservatives ahead of elections
The Office for National Statistics said wet weather dampened consumer spending and construction during the month
 "UK economy flatlines in April in blow to Conservatives ahead of elections")
Elon Musk accused of 'unusual attention' by SpaceX women employees
A report by The Wall Street Journal alleges several text messages, emails, and documents, along with interviews from over 48 individuals, including the women's friends, family members, and former empl
 "Elon Musk accused of 'unusual attention' by SpaceX women employees")
Maldives faces high debt distress risk, financing challenges: World Bank
The Ministry of Finance reports that the state's debt rose by $90.8 million within the first three months of the year. The total debt had reached $8.09 billion by 2023 end
 "Maldives faces high debt distress risk, financing challenges: World Bank")
Chang'e-7 mission: Egypt, Bahrain join China to build hyperspectral camera
The Egyptian Space Agency, Bahrain's National Space Science Agency, and Changchun Institute of Optics, Fine Mechanics and Physics signed an agreement for the joint development of hyperspectral camera
 "Chang'e-7 mission: Egypt, Bahrain join China to build hyperspectral camera")
B'desh court indicts Nobel laureate Muhammad Yunus on embezzlement charges
He told reporters that authorities were harassing him and other colleagues and denied being involved in any corruption
 "B'desh court indicts Nobel laureate Muhammad Yunus on embezzlement charges")
Hezbollah fires rockets at Israel as cease-fire talks hang in balance
Hezbollah, an Iran-backed ally of Hamas, has traded fire with Israel nearly every day since the 8-month-long Israel-Hamas war began and says it will only stop if there is a truce in Gaza
 "Hezbollah fires rockets at Israel as cease-fire talks hang in balance")
Report cites crimes by Israeli Army, Palestinian militants starting Oct 7
The independent experts said Israeli forces and Palestinian militants committed war crimes, while Israel was also said to have committed crimes against humanity
 "Report cites crimes by Israeli Army, Palestinian militants starting Oct 7")
Li-ion battery plants being built to flood mkts with more cells than needed
Manufacturers have announced so many new factories that capacity will outstrip demand for the rest of the decade
 "Li-ion battery plants being built to flood mkts with more cells than needed")
Slowdown in EV sales steers the world further off course from net zero
The outlook for fully electric vehicles has markedly deteriorated in the past year. BNEF began the 2023 edition of its EV Outlook by highlighting the profound transformation
 "Slowdown in EV sales steers the world further off course from net zero")
Australia expects China to lift ban on exports as they ease past 2020 row
Lobster is the one remaining banned product, said Farrell, China lifted tariffs on Australian wine in March and restrictions on Australian beef in December 2023
 "Australia expects China to lift ban on exports as they ease past 2020 row")
China solar panel makers seek government action to halt freefall in prices
Financial incentives and a government push have helped China become the solar panel factory of the world
 "China solar panel makers seek government action to halt freefall in prices")