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The US Federal Reserve raised its benchmark interest rate by 25 basis points to 3.75%-4.00% on September 16, its first rate increase under Chair Kevin Warsh. Policymakers signalled that another hike could follow as inflation remains above the Fed’s 2% target.
The Falkland Islands remain one of the most sensitive territorial disputes between Britain and Argentina. From the 1982 war and Argentina’s constitutional claim to emerging oil resources and renewed US involvement, the islands continue to carry major political, strategic and economic significance.
India has secured $136.38 billion in foreign currency inflows through special schemes, far exceeding expectations and giving the Reserve Bank of India greater firepower to support the rupee amid global economic pressures.
President Donald Trump said he would be comfortable with Chinese automakers building cars in the United States if they employ American workers, despite opposition from U.S. lawmakers and major automakers.
PayPal is set to eliminate 251 positions at its San Jose headquarters, with senior engineering and management roles among those affected as the company restructures operations and increases its focus on AI.
US President Donald Trump has announced that CNN, MS NOW and Politico will be barred from the White House, accusing the outlets of repeatedly publishing what he called “fake news.” The scope of the ban remains unclear, while the targeted organisations have challenged the move and signalled they will defend their press-access rights.
The Colorado River is facing one of its most severe water crises in decades, with Lake Mead and Lake Powell reaching record-low elevations after years of drought and exceptionally poor snowpack. The shrinking reservoirs are forcing cities, farmers and governments across the US Southwest to prepare for a future with less Colorado River water.
Pakistan faces a growing gas shortage as LNG supplies tighten due to regional conflict, reversing years of surplus driven by falling domestic demand.
Trump ally Joe diGenova has resigned from the US Justice Department after about five months leading a politically sensitive investigation into alleged misconduct by officials who investigated Donald Trump. He said tensions with department leadership, including disagreements over the direction of the inquiry, contributed to his departure.
The Trump administration has proposed ending the 60-day grace period for H-1B and other temporary workers after employment ends, a move that could hit Indian professionals particularly hard.
Russia is not pursuing a formal de-dollarisation policy and remains open to acceptable payment mechanisms for international trade, Kremlin spokesperson Dmitry Peskov said ahead of the BRICS summit in New Delhi.
UK Prime Minister Andy Burnham has pledged to maintain pressure on Russia during his first official visit to Ukraine, as Moscow warns Britain over its decision to share missile technology with Kyiv.
