JOHANNESBURG (Reuters) – Olusegun Obasanjo has had mixed results as a mediator of intractable conflicts across Africa since he stepped down as Nigeria’s president in 2007, although he has never tired of trying. But on Wednesday the 85-year-old secured …
White House announces $13.5 billion funding to help households with energy bills
(Reuters) – President Joe Biden’s administration will make $13.5 billion available to help low-income U.S. households lower their heating costs this winter, the White House said on Wednesday. As part of the initiative, the U.S. Department of Health and…
Florida school mass shooter to be sentenced to life in prison
(Reuters) -A Florida judge was due to formally sentence Nikolas Cruz, the man who killed 17 students and staff with a semi-automatic rifle at a school in Parkland, to life in prison on Wednesday. A jury voted last month to spare Cruz, 24, the death pen…
U.S. wants to oust Iran from U.N. women’s body
By Michelle Nichols UNITED NATIONS (Reuters) -The United States will try to remove Iran from the 45-member U.N. Commission on the Status of Women (CSW) over the government’s denial of women’s rights and brutal crackdown on protests, U.S. Vice President…
Fed delivers fourth 75 bp hike, signals scale-back coming
NEW YORK (Reuters) – The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in…
Stocks fall, dollar eases broadly as investors await Fed
By Caroline Valetkevitch NEW YORK (Reuters) – Global stock indexes fell and the dollar was slightly lower against other major currencies on Wednesday ahead of what is expected to be another aggressive interest rate hike from the U.S. Federal Reserve la…
Fed jacks up interest rates again, hints at smaller increases ahead
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signa…
Ukraine’s first lady: ‘We are in trouble’ if solidarity fades
By Catarina Demony LISBON (Reuters) – Ukraine’s first lady Olena Zelenska said on Wednesday her war-torn country will be in trouble if the world’s solidarity starts to fade, but added she still believes humanity will prevail and support will continue. …
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair Jerome Powell said on Wednesday. In remarks at a press conference after the Fed raised rates by 75 basis points for a …
U.S. private payrolls growth accelerates on services sector in October
By Lucia Mutikani WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in October, offering more evidence of labor market resilience, but there are signs that the Federal Reserve’s aggressive monetary policy tightening is weighing …