New US Fed chair vows reforms as central bank signals rate hikes on horizon

As widely expected, policymakers at the US Federal Reserve have kept interest rates unchanged. But in a clear change of tone from previous meetings, Fed officials said they expected raising interest rates later this year rather than lowering them, to tame rising inflation. The meeting was the first chaired by the central bank’s new chief, … Read more

Modi, Trump ‘very close’ to trade deal

Skip to next section How is Modi’s relationship with Trump? 06/18/202618 June 2026 How is Modi’s relationship with Trump? In the past, Modi and Trump have shown warmth and friendship towards each other, including hugs and compliments from time to time. But relations between Washington and New Delhi cooled over several issues, one of the … Read more

Tehran and Washington sign interim peace deal to end US-Israeli war on Iran

President Donald Trump and his Iranian counterpart Masoud Pezeshkian on Wednesday signed an interim deal to end the US-Israeli war on Iran. The two countries now have 60 days to hammer out a lasting agreement that would see Tehran diluting its enriched uranium stocks in exchange for sweeping sanctions relief and a $300 billion reconstruction … Read more