Last June, the central bank also raised interest rates by 0.75 percent. The Fed has not raised interest rates this quickly since the early 1980s. War in Ukraine In a statement, the central bank said it was monitoring inflation very closely. Policymakers report that the war in Ukraine is fueling inflation and at the same […]
An Iranian tanker was carrying an oil cargo seized by the US this week
The case has strained relations between Athens and Tehran amid rising tensions between Iran and the United States. The removal of oil from Lana, formerly Pegas, prompted Iranian forces to seize two unidentified Greek tankers in the Middle East Gulf. “The (Greek) Supreme Court’s ruling … favors Iran,” said a Greek government official, who asked […]
Latin America Opts for Relaxation While US Tightens Abortion Laws
The United States and Cuba have little in common politically, but they have long been fraternal pioneers in one area: access to abortion. Cuba legalized abortion in 1965, and in 1973 the US Supreme Court ruled that it was a constitutional right. Elsewhere, due to the influence of the Roman Catholic Church, abortion was not […]
US new home sales fell to a two-year low in June
New home sales fell 8.1% last month to a seasonally adjusted annual rate of 590,000 units, the lowest since April 2020, the Commerce Department said on Tuesday. May’s sales pace slowed to 642,000 units from the previously reported 696,000 units. Sales fell in the Northeast, West and populous South, but rose in the Midwest. Economists […]
Shocking video shows huge fireball lighting up the night sky over America
This fireball was a “random event” and not associated with a meteor shower. On Friday, several US states, including Indiana and Wisconsin, saw a spectacular fireball. The American Astronomical Society (AMS) shared a video of the sighting and said it had received 150 reports of the fireball. According to NewsweekAMS fireball report coordinator Robert Lunsford […]
US triples cost of forest restoration for wildfire disaster
The U.S. Forest Service’s reforestation funding rose by more than $100 million this year as part of efforts to plant more than a billion trees over a decade under President Joe Biden’s infrastructure package, the Department of Agriculture (USDA) said in a statement. . Wildfires are now so severe in the United States that they […]
Limburg couple (22) drowned in American swimming pool Abroad
It’s still unclear exactly what happened at the swimming pool, but police are ruling out a crime, write Local media. A heart attack can be fatal for Limburger. Police are still investigating. The woman was swimming in the Cary Street Club’s private pool on Tuesday With the family she is a couple with served The […]
Ford to cut 8,000 jobs in US | Car
Ford plans to cut 8,000 jobs in the coming weeks. For example, an American carmaker wants to increase profits and accelerate the transition to electric motors. Bloomberg reports this citing anonymous sources. In March, Ford split its operations into two business lines: ‘Ford Model E’ focused on electric cars and ‘Ford Blue’ on cars with […]
US inflation is over 9 percent
economy•14 Jul ’22 10:30 amAuthor of the books: ANP and Joëlle Baelde Inflation in the US has risen to the highest level in more than 40 years. Inflation rose to 9.1 percent in June, while it was still 8.6 percent in May. Inflation plays an important role in the US Federal Reserve’s interest rate policy. […]
Beijing is planning a three-tiered data strategy to counter the rise of the US
China is setting up a system to screen Chinese companies listed in the United States into groups based on the sensitivity of the data they hold, in a possible bid by Beijing to try to prevent U.S. regulators from targeting and delisting hundreds of groups. The system is designed to force some Chinese companies to […]