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Federal Reserve is expected to raise its benchmark rate, defying Trump’s demands

WASHINGTON, September 15, 2026 (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut. A quarter-point increase in the Fed’s rate, currently about 3.6%, isn’t guaranteed because Fed Chair Kevin Warsh doesn’t provide the signals about next moves that his predecessors did. Still, most analysts and economists expect a hike after a speech two weeks ago at the Fed’s annual conference in Jackson Hole, Wyoming,

Do direct democracies really exist?

THE ESSENTIALS September 15th is International Democracy Day. There are forms of direct democracy in the world: in Switzerland, in Uruguay, in a dozen American states or even in the state of Bavaria in Germany, for example. Citizens do not make all political decisions, but no institution can wield power beyond their control. Petitions and referendums are the tools that allow for the direct expression of the people in modern democracies . At a time when direct democracy is generating increasing interest , the term produces as much hope as confusion. For some , direct democracy refers to a regime

Gold plunges Rs 1,000 to hit 5-week low of Rs 1.54 lakh/10g in Delhi

Gold plunges Rs 1,000 to hit 5-week low of Rs 1.54 lakh/10g in Delhi

New Delhi, Sep 15 (PTI) Gold prices fell by Rs 1,000 to more than a month’s low of Rs 1,54,400 per 10 grams in the national capital on Tuesday amid weak global trends and a strong US dollar. The precious metal previously traded around these levels on August 7, when it stood at Rs 1.54 lakh per 10 grams in the local market. Silver pries, however, remained unchanged for the second consecutive day at Rs 2,34,600 per kilogram (inclusive of all taxes), according to local traders. “Gold edged lower on Tuesday amid weak global cues, with spot gold slipping below

Indian consumer regulator escalates probe into Apple’s software warranty terms

NEW DELHI, Sept 15 (Reuters) – India’s consumer regulator is examining Apple’s software warranty terms in an investigation of the iOS 18 update alleged to have damaged iPhone functionality, ​compelling users to pay “exorbitant” sums for repairs, documents show. The sparring is shaping as Apple’s latest headache in a growth market where it is ‌fast expanding iPhone manufacturing and rapidly growing market share, but also fending off accusations of breaching domestic antitrust laws. Apple is privately contesting the regulator’s accusations, saying in an August letter seen by Reuters that providing no warranty on software is in line with global industry

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