US inflation surges to three-year high amid tensions with Iran
Heightened petrol prices led the inflationary pressures, with prices that jumped 5.5 percent in April.
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US Justice Department drops criminal probe of Fed chair Jerome Powell
The announcement on Friday is expected to clear the path for the confirmation of his successor, Kevin Warsh.
US Treasury Secretary Bessent says Gulf, Asian allies request swap lines
Bessent pushed back on allegations that Trump family’s financial ties with UAE are driving decision to offer swap line.
Trump’s US Fed nominee Warsh vows independence, says he’s no ‘sock puppet’
Kevin Warsh’s confirmation hearing shines spotlight on doubts over his independence as Trump pushes again for rate cuts.
EXPLAINER
Iran war’s big winners: Wall Street, weapons firms, AI and green energy
The global economic outlook for 2026 looks grim if the Iran war continues, but some industries are booming.
Trump threatens to fire Fed Chair Powell if he doesn’t step down by May 15
In a Fox Business interview, Trump says he will fire Powell if he does not vacate his board seat when his term ends.
![The confirmation hearing from Kevin Warsh, Trump’s pick to be Powell’s potential successor is scheduled for next Tuesday [File: Kent Nishimura/Reuters]](/wp-content/uploads/2026/04/2025-07-24T214447Z_34146845_RC28TFAVNX5J_RTRMADP_3_USA-TRUMP-FED-1776262869.jpg?resize=770%2C513&quality=80)
IMF cuts global growth forecast during Hormuz blockade
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.
US judge upholds decision to toss subpoenas into Fed Chair Jerome Powell
Judge Boasberg says Trump administration’s arguments ‘do not come close to convincing Court’ of subpoenas’ legitimacy.
From: NewsFeed
Panama Papers: 10 years on
It’s been 10 years since the Panama Papers leak exposed how the world’s richest hide their wealth.
Published On 3 Apr 2026
French police make two more arrests over foiled attack on Bank of America
Prosecutors investigating suspected link to Iran war due to similarities with other recent attempted attacks in Europe.
France opens probe into suspected attack on Bank of America in Paris
Police arrest suspect before setting off explosive device outside US bank’s headquarters.
