The Fed is widely expected to cut its key lending rate for a third straight time, reducing it by a quarter point despite a recent uptick in inflation. But there are fears it will have to slow its pace of easing next year owing to sticky inflation and bets that...

Washington, United States -- The US Federal Reserve is widely expected to announce a quarter point cut to its key lending rate on Wednesday despite a recent uptick in inflation, in the central bank's last meeting of Joe Biden's presidency.The Fed is also tipped to signal a slower path of cuts...

Without a new agreement, the eight countries which have been making voluntary additional production cuts of 2.2 million barrels per day are currently set to begin increasing production beginning in January to gradually return it to 2022 levels.

Tehran, Iran - Iran will consider any request from its Syrian ally for troops to help tackle a sweeping rebel offensive in the north, Foreign Minister Abbas Araghchi said on Tuesday."If the Syrian government asks us to send forces to Syria, we will study their request," Araghchi said in an excerpt...

The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a bribery scheme.

India's opposition leader demands Gautam Adani's arrest; Kenya scraps airport, power deals with the Group that has significant investments in the Middle East.

The resolution demanded "an immediate, unconditional and permanent ceasefire" in the war between Israel and the Palestinian group, along with "the immediate and unconditional release of all hostages."

Trump’s return could shift US policy on Israel, with his Republican Party's pro-Israel stance and his preference for "America First" potentially altering military and diplomatic strategies.

Washington, United States -- American B-52 bombers have arrived in the Middle East, the US military said Saturday, a day after Washington announced their deployment in a warning to Iran."B-52 Stratofortress strategic bombers from Minot Air Force Base's 5th Bomb Wing arrived in the US Central Command area of responsibility," the...

With US mediation, a ceasefire proposal emerges for both Gaza and Lebanon, balancing Israel's security demands and Lebanon’s need for Hezbollah de-escalation and a potential truce with Hamas.

Since last year Saudi Arabia has been bargaining hard for a defense pact with the United States as well as assistance with a civilian nuclear program. As part of that deal the Gulf kingdom, home to the holiest shrines in Islam, would recognize Israel for the first time.

US officials, citing Netanyahu’s pledge, reported relief in Washington as Israel’s counterstrike on Iran will not target oil or nuclear sites, easing fears of an energy crisis and broader conflict

Netanyahu said in a video address addressed to the people of Lebanon on Tuesday: "You have an opportunity to save Lebanon before it falls into the abyss of a long war that will lead to destruction and suffering like we see in Gaza." He added: "Free your country from Hezbollah...

The big Detroit automaker reported 659,601 US sales during the period.

Washington, United States- The US State Department announced a $20 million reward on Thursday for information leading to the arrest of the alleged Iranian mastermind behind a plot to assassinate former White House official John Bolton.US officials said in August 2022 that they had uncovered a plot by Shahram Poursafi, a...

‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and Sudan. Our ongoing defense and counterterrorism cooperation makes our countries and the world more secure. U.S. and UAE troops have stood shoulder to shoulder in six conflicts over the last...

The incident came amid heightened tensions in the knife-edge presidential race, and concern for the safety of both candidates. "There is no place for political violence or for any violence ever in our country," President Joe Biden said in a statement.

More data this week suggesting the Federal Reserve was winning the battle against inflation provided an extra kick for global equities after recent drops caused by worries of a possible US recession. Wall Street shares were up near midday deals while European markets closed in the green, a day after...

The United States, Egypt and Qatar are parties to the negotiations for the release of the hostages held by Hamas since its attack on Israel on October 7, and on the cessation of a subsequent Israeli military operation in Gaza that has killed tens of thousands.

Since US Federal Reserve Chairman Jerome Powell stated last month that the time for interest rates to begin coming down and the pace would depend on economic data, investors have been keenly awaiting the latest jobs numbers. Dismal July job figures caused markets to panic last month.

Palestinian Territories - Hamas called on the United States Thursday to "exert real pressure" on Israel to reach a Gaza ceasefire agreement as Prime Minister Benjamin Netanyahu said there was no deal in the making.The two sides have traded blame over stalling talks for a ceasefire and hostage exchange as...

Paris, France -- US shares fell marginally and European stock markets mostly inched higher Wednesday as investors cautiously awaited the latest earnings results from US chip giant Nvidia, a bellwether for the tech sector.Traders are also waiting for key US economic data later this week that could provide clues about the...

The Fed's benchmark lending rate currently sits at a 23-year high of between 5.25 and 5.50 percent, cooling demand in the world's largest economy ahead of November's presidential elections, in which inflation and the cost of living have taken a central role.

The annual Jackson Hole Economic Symposium in the US state of Wyoming gives Powell a global platform to enlighten financial markets about the Fed's thinking, a few weeks after he said policymakers could cut rates "as soon as" September.

The statement from the Office of the Director of National Intelligence (ODNI), the Federal Bureau of Investigation (FBI), and the Cybersecurity and Infrastructure Security Agency (CISA) confirmed the Trump campaign claim from earlier this month that it had been targeted, potentially by Iran.

"We are against any efforts to change the status quo within the holy sites," said deputy spokesman Farhan Haq. "Al-Aqsa mosque, like the other holy sites in Jerusalem, should be left to themselves and should be controlled by the existing religious authorities for the sites. This sort of behavior is...

He said Austin, who spoke with his Israeli counterpart Yoav Gallant on Sunday, had also ordered the USS Georgia guided missile submarine to the area. Ryder said the pair discussed "the importance of mitigating civilian harm, progress towards securing a ceasefire and the release of hostages held in Gaza."

Kuwait: -- The oil and gas sector in Arab countries attracted 610 projects implemented by 356 foreign and Arab companies, with a total investment cost of US$ 406 billion between January 2003 and May 2024.The Arab Investment and Export Credit Guarantee Corporation (Dhaman) stated in its first sectoral report on...

Biden called King Abdullah II of Jordan, which helped down Iranian drones and missiles in an earlier showdown in April, while Blinken called top officials in Qatar and Egypt, the key intermediaries seeking a ceasefire in the 10-month Israel-Hamas war.

US President Joe Biden and Vice President Kamala Harris were briefed on the attack, the White House said. "They discussed the steps we are taking to defend our forces and respond to any attack against our personnel in a manner and place of our choosing," it said in a statement.

Defense Secretary Lloyd Austin has also ordered additional ballistic missile defense-capable cruisers and destroyers to the Middle East and areas under US European Command, as well as a new fighter squadron to the Middle East. Israel killed Hizbollah commander Fuad Shukr in Beirut on Tuesday.

Biden, who was joined on the call by Vice President and Democratic presidential candidate Kamala Harris, also emphasized the "ongoing efforts to de-escalate broader tensions in the region," the White House said in a statement. The call between the leaders also came after Israel announced it had "eliminated Hezbollah military...

TikTok's suit argues this violates First Amendment rights of free speech.

"A four-way meeting between Egyptian officials and their American and Qatari counterparts, in the presence of Israel's intelligence chief, will be held in Rome on Sunday to reach an agreement on a truce in Gaza," Al-Qahera news, which has links to Egyptian intelligence, reported on Friday, citing a "senior official"...

The International Monetary Fund expects the world economy to grow 3.2 percent this year, unchanged from its April forecast, according to its World Economic Outlook update. "Global activity and world trade firmed up at the turn of the year, with trade spurred by strong exports from Asia," said the fund....

Deliveries still 4.7 percent down from a year ago.

A Hamas official in Lebanon, Osama Hamdan, confirmed that the Islamist movement had received the latest proposal but said it presented "no real progress in the negotiations". Hamas has called for a permanent ceasefire and full Israeli withdrawal from Gaza, demands repeatedly rejected by Israel.

Hamas insists on a permanent ceasefire and a complete withdrawal of Israeli forces from the Gaza Strip. Hamdan said the proposals were "merely a waste of time and provide additional time for the occupation (Israel) to practise genocide".

The Houthis, who are at war with a Saudi-led coalition after ousting the government from Sanaa in 2014, have launched scores of drone and missile attacks on shipping in the Red Sea and Gulf of Aden since November. They have said they are harassing the vital trade route in support...

The text of the resolution "welcomes" the truce and hostage release proposal announced on May 31 by President Joe Biden, and "urges both parties to fully implement its terms without delay and without condition." Unlike earlier drafts, the resolution states that Israel has "accepted" the US ceasefire proposal.

Houthi television channel Al-Massirah meanwhile said there were air strikes in the Yemeni capital Sanaa and elsewhere in the country on Friday, but the reports could not be independently confirmed, and it was unclear if they were related to the incidents described by CENTCOM.

"The government of Israel has said that they are going to release more information about this strike, including the names of those who died in it. We expect them to be fully transparent in making that information public," State Department spokesman Matthew Miller told reporters.

Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said, after deadly overnight strikes by American and British forces prompted retaliatory threats from the rebels.US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over...

The British defence ministry said in a statement that its planes launched strikes in "a joint operation with US forces against Houthi military facilities to degrade their ability to persist with their attacks on international shipping in the Red Sea and Gulf of Aden".

Israel has also fought and bombed resurgent Hamas forces in northern and central areas of the coastal territory previously considered to be under army control, sparking US warnings that it could become mired in a lengthy counterinsurgency campaign.

Jerusalem, Undefined -- New divisions have emerged among Israel's leaders over post-war Gaza's governance, with an unexpected Hamas fightback in parts of the Palestinian territory piling pressure on Prime Minister Benjamin Netanyahu.The Israeli army has been battling Hamas across Gaza for more than seven months while also exchanging near-daily fire with...

The United Nations said Tuesday that nearly 450,000 people had been displaced from Rafah since Israel first began issuing evacuation orders for eastern areas of the governorate on May 6.

San Francisco, United States - The US Justice Department on Tuesday said Boeing can be prosecuted for two subsequent 737 Max crashes that killed 346 people approximately five years ago.Boeing breached obligations under an agreement that had shielded it against legal proceedings for the accidents, department officials said in a letter...

The city on the Egyptian border had been sheltering 1.4 million Palestinians, according to the United Nations, but Israel's military operation sparked an exodus of nearly 360,000 people from Rafah so far, said the UN agency for Palestinian refugees (UNRWA).

Israel said its Kerem Shalom southern crossing with Gaza reopened on Wednesday, three days after being closed because of rocket fire claimed by Hamas's armed wing. However, UN agencies and aid groups said they have been unable to transport much-needed supplies through the crossing for security reasons.