Amidst market anxieties fueled by speculation, US President Trump has affirmed that Federal Reserve Chair Jerome Powell will not be removed, despite ongoing disagreements over interest rate policy. Trump has publicly criticised Powell's reluctance to lower rates, citing concerns about potential economic slowdowns. The Federal Reserve, however, remains steadfast in its stance, prioritising inflation control.
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Britain's treasury chief Rachel Reeves will visit China to discuss reviving the China-UK Economic and Financial Dialogue, suspended since 2019. The visit aims to improve economic ties despite tensions over espionage allegations, Hong Kong's civil liberties, and China's stance on Ukraine. Key financial industry leaders will accompany the delegation.
Prime Minister Mark Carney unveiled the Liberal Party's election platform, promising to "spend less, invest more" to strengthen Canada. The platform outlines nearly $130 billion in new spending over four years, focusing on defence, housing, and tax cuts. While projecting a declining deficit-to-GDP ratio, the plan anticipates revenue from Canadian-imposed counter-tariffs on the United States.
A petition with over 250,000 signatures is calling for the revocation of Elon Musk's Canadian citizenship. The billionaire is accused of undermining Canada's sovereignty and supporting US President Donald Trump. Canadian lawmaker Charlie Angus initiated the petition to address concerns over Musk's political activities.
Donald Trump plans to use the recent Gaza ceasefire, which ended 15 months of conflict and involved a phased hostage release deal, to expand the Abraham Accords. The ceasefire arrangement follows significant casualties and destruction in Gaza. Trump emphasized continued cooperation to prevent Gaza from becoming a terrorist safe haven and aims to normalize Israel's relations with more Arab nations.
For many Telugu families across India and the diaspora, the Vice President’s visit feels personal. He is family, by marriage and by sentiment. In a culture where familial relationships often eclipse formal titles, the idea that the second-most powerful man in America is married into a Telugu household brings with it a rare warmth—and a unique kind of pride.
"I just feel that people didn't accept me maybe, they didn't understand me the way maybe they do now. And I didn't have much support. Maybe some people see me as just a wife of the President, but I'm standing on my own two feet, independent, I have my own thoughts, I have my own 'yes' and 'no'," Melania said.
Steve Bannon has denied claims of performing a Nazi salute during his speech at CPAC, arguing that he was merely waving to the audience. He asserts that the media misinterpreted his gesture, which led to unfounded accusations and widespread online criticism.
Luigi Mangione's attorney in Pennsylvania Thomas Dicky declined to say if Mangione’s prominent Baltimore family is fronting his legal bills, though he said that members of the public had offered to contribute but he also mentioned that it's highly unlikely that the aid fund would come to use. Meanwhile, Mangione now has another attorney in New York who also declined to comment on who is paying her.
Hamas returned the bodies of Kfir Bibas (9 months), Ariel Bibas (4 years), their mother, and Oded Lifshitz (84), staging the handover with unsettling propaganda. Despite the International Committee of the Red Cross's call for respect, the ceremony included missile displays and derogatory imagery.
President-elect Donald Trump plans to create an 'External Revenue Service' to collect tariffs on foreign imports, reaffirming his commitment to imposing trade levies. Critics question the need for a new agency, given that Customs and Border Protection already handles tariff collection. Experts warn these tariffs may inflate consumer prices without generating substantial revenue.