Canada’s main stock index took a hit on Wednesday, dragged down by technology stocks, after a key U.S. inflation report dampened hopes for interest rate cuts by the Federal Reserve this year. The S&P/TSX Composite Index dropped 0.46%, closing at 25,514.73, as investors reacted to the latest economic data from the U.S. New figures revealed…
The U.S. Senate has confirmed Tulsi Gabbard as the new Director of National Intelligence (DNI) under the Trump administration. While she lacks direct experience in intelligence oversight, Gabbard brings a distinctive blend of military and legislative experience to one of the most critical national security roles in the country. Gabbard, a former U.S. Representative from…
In a move that has once again put him at odds with the Federal Reserve, President Donald Trump on Wednesday called for interest rate cuts, arguing that lower rates would complement his administration’s latest round of tariffs. “Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!” Trump wrote in…
In a significant development for the crypto industry, Federal Reserve Chair Jerome Powell acknowledged concerns over the debanking of crypto businesses and suggested it was time for regulators to reassess the issue. Speaking before the Senate Banking Committee on February 11, Powell responded to growing criticism that crypto firms are being unfairly denied access to…
The brewing tensions between the European Union and the United States have escalated once again, as U.S. President Donald Trump announced sweeping tariffs on all steel and aluminum imports. The move, which raises tariffs to 25% without exemptions, has sparked fresh fears of a trade war, prompting a strong response from European Commission President Ursula…
Southeast Asian stock markets are facing turbulent times as the U.S. dollar’s relentless strength adds to existing economic concerns. Investors are retreating, wary of slowing growth prospects, while regional stock indexes struggle to keep pace with global peers. From Thailand and Indonesia to the Philippines, stock markets have taken a significant hit, with some reaching…
Kanye West, now legally known as Ye, has once again found himself at the center of controversy after his X (formerly Twitter) account was deactivated. The move came following a days-long tirade on the platform that included anti-Semitic remarks and other inflammatory statements. It remains unclear whether Ye himself chose to deactivate his account or…
Egypt has strongly opposed U.S. President Donald Trump’s proposal to displace Palestinians from Gaza, with Foreign Minister Badr Abdelatty reaffirming Arab states’ collective stance against the plan. During a meeting with U.S. Secretary of State Marco Rubio in Washington on Monday, Abdelatty emphasized the need to support Palestinians within Gaza, rather than forcing them out….
The International Boxing Association (IBA) has announced plans to take legal action against the International Olympic Committee (IOC) over its decision to allow Algerian boxer Imane Khelif and Taiwanese boxer Lin Yu-ting to compete at the 2024 Paris Olympics. Both athletes had previously been excluded from the IBA’s 2023 World Championships after failing gender eligibility…
Crude oil prices saw a slight uptick as signs of shrinking Russian supply eased oversupply fears. However, the market remained near its lowest levels of the year, with President Donald Trump’s tariff policies continuing to weigh on investor sentiment. West Texas Intermediate (WTI) hovered around $72 per barrel on Monday after enduring its longest losing…
