China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says

China, U.S. agree on implementing Geneva consensus, building on London framework, Beijing says

China’s Ministry of Commerce in Beijing. Visual China Group | Getty Images The U.S. and China have further confirmed the details of the trade agreement reached by both sides earlier this month in London, which will implement the Geneva consensus, according to a statement released by China’s Ministry of Commerce Friday afternoon. China will review…

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Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers…

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Airlines divert, cancel Middle East flights as Iran attacks U.S. base

Airlines divert, cancel Middle East flights as Iran attacks U.S. base

Airspace over the Middle East on Monday afternoon EDT, according to FlightRadar24. Courtesy: Flightradar24 Airlines diverted more flights in the Middle East on Monday after Iran’s armed forces said the country launched a missile strike on a U.S. military base in Qatar, exacerbating the region’s military conflict. More than 20 commercial aircraft bound for Doha,…

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Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Fed holds key rate steady

WASHINGTON – The Federal Reserve on Wednesday kept interest rates steady amid expectations of higher inflation and lower economic growth ahead, and still pointed to two reductions later this year. With markets expecting no chance of a central bank move this week, the Federal Open Market Committee kept its key borrowing rate targeted in a…

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