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BusinessUS inflation in August increased less than anticipated, easing pressure on the Federal Reserve to raise interest rates. Consumer spending grew despite higher energy prices linked to the US-Israel conflict. Although a rate hike remains possible later this year, market expectations for such a move have softened due to the inflation data.
Mint·3h ago
PoliticsThe Federal Reserve's Office of the Inspector General found no criminal misconduct by former Fed Chair Jerome Powell in a costly renovation project. Despite this, Donald Trump demanded Powell's resignation from the Fed board and directed the Attorney General to study the report. The Department of Justice had earlier dropped the criminal probe after political pressure and criticism from Trump.
HT World·32m ago
PoliticsThe Pentagon chief announced plans to reduce the number of generals and admirals by 20%. He also revealed the creation of a new four-star command dedicated to overseeing the deployment of autonomous and robotic military capabilities, describing it as the fastest peacetime transformation in modern military history.
NDTV·43m ago
WorldUS forces formally withdrew from Iraq on Wednesday, ending a nearly 20-year military presence that began with the 2003 invasion to topple Saddam Hussein. The withdrawal concludes Operation Inherent Resolve against ISIS, leaving Iraq struggling amid rival influences from its two powerful allies. The US lost about 4,500 troops, while over 115,000 Iraqis died during the conflicts and insurgencies.
Deccan Herald·24m ago·Baghdad
HealthPennsylvania has reported its fifth measles-related death this year, marking the state's worst outbreak in decades. The latest death occurred in an unvaccinated resident of Lancaster County. The state has recorded 943 cases and 176 hospitalizations. Health officials have disputed the cause of deaths, with political tensions between state and federal agencies. Pennsylvania had no measles deaths for 35 years before this outbreak.
Mint·29m ago·Lancaster
SportsEtihad Airways, the principal sponsor of Manchester City since 2009, is seeking legal advice following the Premier League's findings that City used 'sham' commercial contracts to inflate revenue and understate costs by over £900 million. Etihad rejects any involvement, criticizing the league for not consulting them or allowing a response during the investigation, and expressing concern over selective information disclosure.
HT Sports·10m ago·Manchester
Mint·3h ago
US inflation in August increased less than anticipated, easing pressure on the Federal Reserve to raise interest rates. Consumer spending grew despite higher energy prices linked to the US-Israel conflict. Although a rate hike remains possible later this year, market expectations for such a move have softened due to the inflation data.
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