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Fed should drop rate-cut lean because of oil price shock, policymakers say

WASHINGTON, May 1 (Reuters) – Federal Reserve officials who dissented against this week’s policy statement said the developing oil price shock from the U.S.-backed war with Iran means the U.S. central bank should be clear it can no longer lean towards interest rate ​cuts, given rising uncertainty about the path of inflation and the economy. In its most divided vote since 1992, the Fed this week kept its benchmark overnight interest rate steady in the 3.50%-3.75% range ‌but retained language indicating its likely next move would be a cut, consistent with a process begun about 18 months ago of lowering

Iran sends proposal for negotiations with US to mediator Pakistan

WASHINGTON/DUBAI, May 1 (Reuters) – Tehran has sent its latest proposal for negotiations with the United States to Pakistani mediators, Iranian state ​news agency IRNA said on Friday, a move that could improve prospects for breaking an impasse in efforts to end the Iran war. IRNA gave no details but global oil ‌prices, which have risen sharply since Iran started a blockade of the Strait of Hormuz, dropped after its report. The blockade of the vital sea channel has choked off 20% of the world’s oil and gas supplies, and the U.S. Navy is blocking exports of Iranian crude oil.

How unhealthy ultra-processed foods are designed, marketed to make us crave them

Auckland, May 1 (The Conversation) Consumption of ultra-processed foods – including soft drinks, snacks and ready meals – is growing worldwide, despite evidence they are unhealthy. Ultra-processed foods (UPFs) make up about 70% of packaged food products on supermarket shelves, and even more in convenience stores. In our new research, we explore how companies that produce these foods play on human nature to make such products seem the easiest, most rewarding and compelling option. We show that UPFs are designed to make us crave them and eat more. They are marketed to all groups, particularly children, in a way that

Kerala Guv, CM and leaders extend May Day greetings

Thiruvananthapuram, May 1 (PTI) Kerala Governor Rajendra Vishwanath Arlekar, Chief Minister Pinarayi Vijayan and Congress leader V D Satheesan on Friday extended May Day greetings, highlighting the importance of labour rights and workers’ contributions to society. In a Facebook post, Governor Arlekar said May Day serves as a reminder of the sacrifices and perseverance of workers worldwide. He expressed hope that the strength and dedication of the working class would help lead the state towards greater progress and prosperity. Chief Minister Vijayan said the day commemorates the historic struggle of workers in Chicago for labour rights and the eight-hour workday

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