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Asian shares are mixed after Wall Street’s rally steadied

HONG KONG, May 16, 2025 (AP) — Shares were mixed Friday in Asia after Wall Street drifted higher as reports suggested the Federal Reserve may have more leeway to cut interest rates later this year to support the U.S. economy if it weakens under the weight of President Donald Trump’s high tariffs. U.S. futures and oil prices were little changed. Markets have calmed somewhat after the turmoil unleashed by Trump’s on-again, off-again tariffs offensive, aimed at compelling companies to base manufacturing inside the United States. But the policies are already taking a toll. The United Nations on Thursday forecast slower

US Supreme Court could block Trump’s birthright citizenship order but limit nationwide injunctions

WASHINGTON, May 16, 2025 (AP) — The US Supreme seemed intent Thursday on maintaining a block on President Donald Trump’s restrictions on birthright citizenship while looking for a way to scale back nationwide court orders. It was unclear what such a decision might look like, but a majority of the court expressed concerns about would happen if the Trump administration were allowed, even temporarily, to deny citizenship to children born to people who are in the United States illegally. The justices heard arguments in the Trump administration’s emergency appeals over lower court orders that have kept the citizenship restrictions on

Gold plunges Rs 1,800 to Rs 95,050/10 gm amid weak global demand

New Delhi, May 15 (PTI) Gold prices plunged Rs 1,800 to Rs 95,050 per 10 grams in the national capital on Thursday amid a decline in precious metal rates in the overseas markets, according to the All India Sarafa Association. The precious metal of 99.5 per cent purity slumped Rs 1,800 to Rs 94,600 per 10 grams (inclusive of all taxes). Gold of 99.9 and 99.5 per cent purity had closed at Rs 96,850 and Rs 96,400 per 10 grams on Wednesday. “Gold prices are declining as investors move away from safe-haven assets. The recent agreement between the US and

Ukraine’s Zelenskyy arrives in Turkey for peace talks but Putin is absent

ANKARA, Turkey, May 15, 2025 (AP) — Russian President Vladimir Putin didn’t show up Thursday for proposed direct peace talks in Turkey with Ukrainian leader Volodymyr Zelenskyy, who was waiting for Putin in the capital Ankara after challenging him to face-to-face discussions on ending their countries’ more than three-year war. With Putin absent, the Russian delegation was in Istanbul and it wasn’t clear whether the sides would meet for their first talks since March 2022, following Russia’s full-scale invasion of its neighbor the previous month. Zelenskyy said the Russian delegation appeared to be merely “decorative.” Speaking at the airport in

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