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US Fed holds interest rates and defends central bank independence
Two Fed officials voted in favour of an interest rate cut – Stephen Miran, who is on leave from his post at the White House where he leads Trump’s Council of Economic Advisers, and Christopher Waller, a Trump appointee whose name has been floated as contender to succeed Powell.
Asia stocks slide as US and Iran threaten to intensify war
“If Iran doesn’t FULLY OPEN, WITHOUT THREAT, the Strait of Hormuz, within 48 HOURS from this exact point in time, the United States of America will hit and obliterate their various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!,” Trump said in a social media post published at 23:44 GMT Saturday.
Record temperatures drives up home air conditioning sales
Air conditioning companies have reported business is booming, with one saying inquiries for its home units is up by 300%. Shoppers rushed to pick up portable air conditioning units, external as a red extreme heat warning was put in place for millions of people and temperatures rose to 36.7C, the hottest recorded for June. A…
