The US Federal Reserve has decided to leave its main interest rate where it is. As per ANI, the rate stays at 3.75-4 per cent. The decision was announced on Wednesday, October 28, in Washington DC. Officials looked at two things: prices are still rising fast, but people are still spending and the economy is … Read more
Federal Reserve Governor Lisa Cook’s lawyer has criticised US President Donald Trump’s latest attempt to remove her from office, questioning whether a White House inquiry into mortgage fraud allegations can offer a fair hearing. Cook will also be unable to attend a hearing scheduled for November 5 because of official duties in Europe. Lisa Cook’s … Read more
Federal Reserve Board of Governors member Lisa Cook leaves the Supreme Court in Washington. (AP Photo) US President Donald Trump has set up a committee to investigate Federal Reserve Governor Lisa Cook over allegations that she made false statements in mortgage applications, renewing his efforts to remove her from the central bank.The committee will examine … Read more
Donald Trump’s climate cuts left thousands of federal workers jobless, prompting a new response. (Photo: Reuters) The United States’ climate science community faced a dramatic upheaval after President Donald Trump began his second term, with his administration cutting billions of dollars in research funding and firing thousands of federal employees across agencies including the Environmental … Read more
The move comes amid an energy crisis that has erupted due to the escalating Russia-Ukraine war, and America’s inconclusive conflict with Iran (Photo: Reuters). United States on Tuesday offered to loan energy companies 40 million barrels of oil from its Strategic Petroleum Reserve, an attempt to control rising prices due to the Ukraine and Iran … Read more
Billionaire tech executive Michael Dell is putting his little-used Boston penthouse up for auction with a minimum reserve price of $6.5 million (£4.9 million), ten years after buying the high-rise home. The founder and CEO of Dell Technologies paid $10.9 million for the 4,100-square-foot residence in 2016 through a limited liability company, according to property … Read more
Donald Trump said the process of refilling the reserve would begin shortly US President Donald Trump on Sunday said oil secured under a recently announced deal with Venezuela would be used to replenish the Strategic Petroleum Reserve (SPR), which has been drawn down sharply in recent years amid global supply disruptions and high fuel prices.In … Read more
When people in the small Scottish town of Langholm set out to raise £6 million, they were not simply trying to buy a piece of countryside. Their campaign secured 10,500 acres and helped create the community-owned Tarras Valley Nature Reserve, turning an ambitious local vision into one of the region’s largest community-led conservation efforts. Now, … Read more
President Donald Trump has confirmed that he recently spoke with Federal Reserve Chair Kevin Warsh. The president, however, dismissed reports that suggested the two have been in regular contact since Warsh took over the central bank in May. President Donald Trump has confirmed that he recently spoke with Federal Reserve Chair Kevin Warsh. The president, … Read more