US mortgage rates have climbed sharply in just over a month. Mortgage rates in the US have risen by about one percentage point to nearly 7.5%, reaching their highest level in around three years. The sudden increase has made home loans more expensive for buyers. US mortgage rates near 7.5% as rising Treasury yields raise … Read more
US treasury secretary Scott Bessent has pitched the Russia diesel deal, under which the Moscow is likely to supply nearly 5 million tons of diesel fuel to global energy markets, as a positive prospect for the Americans. Scott Bessent, US treasury secretary, left, and US President Donald Trump (Bloomberg) “Russia deal is good for Americans. … Read more
US Vice President JD Vance has reiterated his focus on protecting American jobs, linking his support for reindustrialization to employment opportunities for US workers, amid the Trump administration’s latest crackdown on employment-based immigration and scrutiny of foreign-worker programs. JD Vance reiterates reindustrialization push amid US visa crackdown. (AFP) “Part of the reason I care so … Read more
Goldman Sachs has warned that rising US interest rates could make the country’s huge debt problem even worse. The investment bank said persistently high rates could increase the cost of servicing the US national debt and put more pressure on government finances. Goldman Sachs warns higher US interest rates could push debt-to-GDP to 132% by … Read more
Rahm Emanuel returned to the spotlight with a push for the US getting a Jewish president. His remark has put focus on personal details like his wife and family, net worth, and how Emanuel lost a finger. Former Chicago Mayor and Ambassador to Japan Rahm Emanuel pushed for a US president who is Jewish. (Getty … Read more
California Governor Gavin Newsom butted heads with President Donald Trump again, this time over the ‘Super Intelligence’ moniker for AI. The Democrat signed an executive order on Wednesday that would need state agencies to keep calling it ‘artificial intelligence’. California Gov. Gavin Newsom refused to go with Trump’s ‘super intelligence’ moniker for AI. (AP Photo) … Read more
An electoral poster reads “No war, Yes to Swiss neutrality” is posted along a road in Epagny, Switzerland (AP) Switzerland has voted against a proposal aimed at tightening the country’s long-standing policy of neutrality, with 70 per cent of voters rejecting the measure in a nationwide referendum on Sunday.The proposal was backed by the right-wing … Read more
Photo credit: Trip Advisor Wisconsin officials were set to demolish an 1897 jail museum for about $259,000, but a last-minute preservation push changed the timeline. After a lengthy public session in Neillsville, the Clark County Board voted 26 to 1 to delay the demolition decision for three months, giving preservation advocates more time to present … Read more
For much of the 20th century, the Iberian lynx was disappearing from the Spanish landscape. By 2001, only 62 mature animals were recorded, leaving one of Europe’s most distinctive wild cats perilously close to extinction. Since then, a sustained conservation programme has altered its trajectory. Reintroductions, captive breeding, habitat restoration and efforts to protect its … Read more
The yield on the US 10-year Treasury note climbed to 5.02% on Tuesday, rising as much as 4 basis points. This is the highest level since 2007, meaning the yield has reached a level not seen in almost two decades. US 10-year Treasury yield rises above 5% amid oil and inflation fears (AFP) The move … Read more