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President Donald Trump has temporarily waived a century-old shipping law to ease the cost of transporting oil, gas and other goods within the United States.The move will allow foreign-flagged vessels to transport goods between U.S. ports for the next 60 days, a measure taken to ease the movement of energy supplies across the country.Recommended stories list of two itemsend of list”This action will allow critical resources such as oil, natural gas, fertilizer, and coal to flow freely into U.S. ports for 60 days,” White House press secretary Caroline Leavitt wrote in X.Here’s what we know:What is the Jones Act?The Jones…
Two weeks before President Donald Trump is scheduled to resolve a major dispute between the United States and China in Beijing, he has set new terms for negotiations to help reopen the Strait of Hormuz. China has little incentive to concede to his demands. By shutting down key shipping routes, Iran has effectively cut off a fifth of the world’s oil supplies, raising fears of soaring prices and energy shortages that could upend the global economy. Currently facing the worst oil crisis in history, President Trump has called on other countries, including France, Japan, South Korea and the United Kingdom,…
Liverpool delivered Arne Slott’s ‘best performance of the season’ at a crucial time. Finally we see why they are Premier League champions and Anfield has their team back. Liverpool won 4-1 on aggregate, setting up a draw with holders Paris Saint-Germain in the Champions League quarter-finals, but Galatasaray were beaten 4-0. There could have been more. Ugo Ekitike said there is a possibility of reaching double digits. Crucially for Slott was the way they performed, the consistency of Liverpool’s performance. It was the perfect response to the pressure he was under after Sunday’s disastrous 1-1 draw with Spurs. “From start…
WASHINGTON – The Federal Reserve voted Wednesday to keep its key interest rate unchanged as policymakers weather higher-than-expected inflation, mixed labor market signs and war.In a widely anticipated decision, the Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate unchanged at a range of 3.5% to 3.75%. This rate determines overnight funding costs for banks, but it also affects a wide range of borrowings for consumers and businesses.In a statement after the meeting, the committee made little change to its view on the economy, saying it expected growth to accelerate slightly and inflation to rise in…
Ali Larijani, Iran’s top national security official and de facto leader, has emerged as a key architect of the country’s military and diplomatic strategy since the beginning of the conflict between the United States and Israel. Experts say his killing could complicate future efforts to end the war. Larijani, now 67, has become a visible symbol of the regime and its continuity. He also took part in a rally in Tehran last week, even though he has been a major target for Israel since the conflict began on February 28. Throughout the first two weeks of the war, Larijani was…
With private sector default rates above 9.2% (the highest rate in years), venture capital firm Lux Capital recently advised companies relying on AI to confirm their computing power commitments in writing. As financial instability spills over into the AI supply chain, Lux warned that handshake agreements are not enough. But there is another option entirely. It means completely eliminating dependence on external computing infrastructure. Small-scale AI models that run directly on users’ own devices, with no data center, cloud provider, or counterparty risk, are becoming good enough to be considered. And multiverse computing is also making waves. The Spanish startup…
Amid the geopolitical turmoil, the Federal Reserve left interest rates unchanged at the end of Wednesday’s policy meeting. Analysts said the energy shock from the Iran war and rising inflation expectations ruled out any possibility of a rate cut.Since December, the federal funds rate has remained stable within the target range of 3.5% to 3.75%. The Fed’s benchmark sets the amount banks charge each other for overnight loans, but it also has a trickle-down effect on many consumers’ borrowing and savings rates.The central bank’s decision will do little to ease budget pressure for Americans struggling in the face of rising…
As energy infrastructure in the Gulf comes under attack, questions are being raised over what the United States knows about Israel’s plans to attack Iran’s major gas fields.Published March 19, 2026March 19, 2026US President Donald Trump has sought to distance the US from an Israeli attack on Iran’s South Pars gas field, saying Israel’s allies had “violently assaulted” the facility, and promised there would be no repeat if Iran refrained from attacking Qatar.President Trump said the United States had “nothing to do” with Wednesday’s attack on an offshore gas field facility in Iran’s Bushehr province, which followed Iran’s pledge to…
Thursday’s newspaper top news and transfer rumors…premier league Barcelona are set to ask Manchester United if they can extend Marcus Rashford’s loan for another season to avoid paying the full £26m asking price this summer, the Daily Mail reports. Max Dauman’s father and brother obtained FIFA agent licenses with the intention of managing his immediate career with his family – The Guardian Use Chrome Browser for a more accessible video player A split-screen view comparing Max Dowman’s goal at Arsenal on Saturday with 16-year-old Wayne Rooney’s sensational strike against the Gunners in 2002. Manchester United hope to submit planning application…
A framed eagle is seen through the construction fence of the Mariner S. Eccles Federal Reserve Building, the headquarters of the Federal Reserve Board, on September 16, 2025, in Washington, DC.Kevin Dietch | Getty Images News | Getty ImagesDespite soaring oil prices due to the Iran war, the US Federal Reserve still expects to cut interest rates once this year. The central bank’s so-called dotplot, which shows the anonymous forecasts of its 19 members, had a median forecast of 3.4% for the federal funds rate at the end of 2026, the same as the forecast at the end of last…