Latest News

Who is incoming Fed chair Kevin Warsh?

WASHINGTON, May 14, 2026 (AP) — The U.S. Senate on Wednesday confirmed Kevin Warsh to lead the Federal Reserve. President Donald Trump had picked the former Fed governor to replace Jerome Powell, believing that Warsh can deliver the booming economy the president had promised voters. Warsh takes over a divided central bank wrestling with the economic fallout from the war started by the U.S. and Israel with Iran on Feb. 28. The conflict has driven up energy prices and made it even more difficult for the Fed to bring inflation down to its 2% target. But Trump has demanded lower

Nearly 90 killed as storm lashes India’s most populous state of Uttar Pradesh

NEW DELHI / BHUBANESWAR, May 14 (Reuters) – Almost 90 people were killed in a violent ​storm that pounded India’s most populous ‌state of Uttar Pradesh with rain and hail, a state official told Reuters. Storms are ​common in the northern state during ​the hot season from March to ⁠June, before monsoon rains bring respite. Television ​images showed trees and billboards uprooted ​by gusts of wind in Wednesday’s storm, sending some crashing into cars amid clouds of ​dust and debris that blew down ​wooden furniture at roadside stalls. “About 89 people were ‌killed ⁠because of the storm, lightning, and rain-related

Iran war overshadows Trump’s China visit as peace talks stall

BEIJING/WASHINGTON, May 14 (Reuters) – U.S. President Donald Trump is expected to ask China to help end the costly and unpopular Iran war in discussions with ​President Xi Jinping in Beijing on Thursday, with peace talks stalled and the global economic cost of the conflict increasing. The U.S.-Israeli war with Iran looms large over Trump’s visit ‌to China, the first by a U.S. president since his last trip there in 2017, although analysts say he is unlikely to get the support he wants. More than one month after a tenuous ceasefire took effect, diplomatic efforts have failed to make progress

Sensex climbs 450 points in early trade on positive Asian peers

Mumbai, May 14 (PTI) Benchmark equity indices Sensex and Nifty climbed in early trade on Thursday, driven by buying in banking shares and positive cues from Asian markets amid optimism surrounding the ongoing US-China Summit. The 30-share BSE Sensex jumped 450.51 points, or 0.60 per cent, to 75,059.49 in early trade. The 50-share NSE Nifty advanced 169.95, or 0.73 per cent, to 23,582.55. Among the Sensex constituents, Adani Ports, Trent, Asian Paints, NTPC, Sun Pharmaceuticals, UltraTech Cement, Bharti Airtel, Larsen & Toubro, ITC, Tata Steel, ICICI Bank and Mahindra & Mahindra were the major gainers. On the other hand, HCL

1 … 146 147 148 149 150 … 1,569