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A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed's reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden's re-election bid. Friday's report from the government showed that prices rose 0.3% from February to March, the same as in the previous month. It was the third straight month that the index has run at a pace faster than is consistent with the Fed's 2% inflation target.
An Egyptian delegation met Israeli officials on Friday, looking for a way to restart talks to end the war in Gaza and return the remaining Israeli hostages, an official briefed on the meetings said. The official, who spoke on condition of anonymity, said Israel had no new proposals to make, although it was willing to consider a limited truce in which 33 hostages would be released, instead of the 40 previously under discussion. "There are no current hostage talks between Israel and Hamas, nor is there a new Israeli offer in that regard," the official said.
The March reading comes as investors have continued to scale back their expectations on when the Federal Reserve will cut interest rates in 2024, if at all.
Canadian fire experts offered mixed answers about what to expect in 2024. Last summer, smoke covered swaths of the U.S., ruining air quality.
He says China needs to do more to curb precursor chemical exports fueling the U.S. opioid overdose epidemic.
India's six-week-long election resumed Friday with millions of people lining up outside polling stations in parts of the country hit by a scorching heatwave.More than 968 million people are eligible to take part in India's election, with the final round of voting on June 1 and results expected three days later. sai-abh/gle/sn
The superintendent said the discovery of the time capsule marks a "historic event for our community."
Thailand called on Friday for the regional bloc ASEAN to take a more proactive role in trying to resolve the crisis in military-ruled Myanmar, after weeks of fighting near its border that halted trade and led to a brief influx of refugees. Myanmar is locked in a civil war between the military on one side and, on the other, a loose alliance of established ethnic minority armies and a resistance movement formed after the junta's bloody crackdown on dissent following its 2021 coup. The Association of Southeast Asian Nations (ASEAN) came up with a peace plan in 2021 that Myanmar's generals agreed to, but it has only been partially implemented, causing fissures in the bloc and frustration from its most prominent members.
Before Israel’s invasion of the Gaza Strip last year, Dr. Mahmoud Al-Reqeb worked in one of the Palestinian territory’s largest hospitals and had a private clinic, caring for women throughout their pregnancies. Now, he lives in a plastic tent in Rafah, a Palestinian border town where roughly half of Gaza’s population has sought refuge, and treats patients for no charge in another tent. Living under Israeli bombardment, with shortages of food and clean water, the pregnant women he serves struggle
The European Union on Friday added Chinese-founded online retailer Shein to its list of digital companies that are big enough to come under stricter safety curbs.The company joins Facebook, TikTok, X, YouTube and others on a list of "very large online platforms" which have more than 45 million monthly active users in the European Union.
During nearly three hours of historic Supreme Court arguments, John Roberts said little. But the cagey chief justice made some points abundantly clear.
French barber Roger Amilhastre, 90, could have hung up his clippers decades ago but he said his passion for hair gives him a reason to get up in the morning.France's national hairdressers' union believes Amilhastre may be France's oldest active barber.
The World Anti-Doping Agency (WADA) has commissioned an independent review into its handling of a doping case involving 23 Chinese swimmers after the organization said that it had been the subject of “damaging and baseless allegations.”
Public health officials in Chicago say they have been seeing a worrisome trend: Patients complaining of unusual symptoms like vision and eye problems, headaches, and hearing loss or dizziness caused by the sexually transmitted infection syphilis.
Pride is a month-long celebration of LGBTQ+ identities commemorating the 1969 Stonewall Uprising. Here's when major cities celebrate in 2024.
Voters continue to rank President Joe Biden’s age and former President Donald Trump’s legal woes as the most compelling reasons to oppose them in November.
NATO on Friday launched one of its biggest naval deployments since Russia's invasion of Ukraine, with French aircraft carrier the Charles de Gaulle under the command of the alliance for the first time. The carrier and its accompanying vessels, known as a carrier strike group, are the centrepiece of Neptune Strike, a series of drills that NATO says will help its members learn to work more seamlessly together and deter its enemies. Placing the Charles de Gaulle under NATO operational control for the first time is highly symbolic, not least because the warship is named after the former president who took France out of the alliance’s U.S.-led command structure in 1966.
Online fast-fashion retailer Shein must face the European Union's strictest level of digital regulations, the bloc said on Friday as it added the company to its list of big platforms that need extra scrutiny. The EU's Executive Commission said it formally classed Shein as a “very large online platform” under the 27-nation bloc's Digital Services Act, an expansive rulebook designed to clean up online platforms and keep internet users safe. Shein is a low-cost online retailer that was founded in China but is now based in Singapore.
Angry at their government agreeing to cede territory to arch-foe Azerbaijan, dozens of Armenian protesters have blocked major highways and vowed to fight the transfer of land they say is rightfully theirs."We are fighting specifically for our land and our water, we want our land to stay as it is," said driver Eghish Maghsudyan from Voskepar, a village the locals say will be cut off by the land transfer.
Stellar earnings from the 'Magnificent Seven' duo have reignited optimism for a rally, but the PCE inflation print could put a spoke in the wheel.
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