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In a significant policy shift, the Israeli military has allowed the resumption of food sales to Gaza from Israel and the West Bank, as the ongoing offensive in Rafah disrupts international aid deliveries. This development, confirmed by Palestinian officials, local businessmen, and international aid workers, offers a glimmer of hope amid mounting concerns over a
In a landmark decision, the U.S. Supreme Court has reinstated the National Rifle Association’s (NRA) lawsuit against a former New York state official, highlighting the importance of protecting free speech from government overreach. The 9-0 ruling, penned by Justice Sonia Sotomayor, underscores that public officials must not misuse their regulatory power to suppress speech they
In April, Japan saw its corporate service prices climb at their fastest annual rate since March 2015, driven by rising labor costs in the services sector. This data, released by the Bank of Japan (BOJ) on Tuesday, suggests a positive outlook for policymakers aiming for a wage-led cycle of demand growth. The Corporate Services Price
Israeli-Turkish trade, which has historically endured various diplomatic disputes, is now at risk due to the ongoing conflict in Gaza. This month, Turkey halted all bilateral trade with Israel until the conflict ends and humanitarian aid can enter Gaza unhindered. Israel contends that Turkey’s decision breaches World Trade Organization rules. Israeli importers are urgently seeking
Adani Enterprises Ltd. (ADEL.NS), the flagship company of India’s Adani Group, announced on Tuesday that its board has approved a plan to raise up to 166 billion rupees ($2 billion). This capital will be raised through the issuance of shares or other securities via qualified institutional placements or any other permissible method, as per an
Federal Reserve policy statements would be more effective if they included more detailed passages explaining the central bank’s economic assessments, the factors influencing its outlook, and the associated risks, said Cleveland Fed President Loretta Mester on Tuesday. “While simplicity is often considered a virtue, it can be detrimental in policymaking, which must navigate an uncertain
In a positive development for the British economy, shop prices in the UK increased at their slowest rate in two and a half years this month. According to the British Retail Consortium (BRC), annual shop price inflation eased to 0.6% in May, down from 0.8% in April, marking the smallest increase since November 2021. This
Federal Reserve Governor Michelle Bowman expressed her preference for a more measured approach to tapering the U.S. central bank’s balance sheet run-off during a speech at a Bank of Japan conference in Tokyo on Tuesday. Bowman indicated that she would have supported either delaying the start of the tapering process or implementing a more moderate
Eurozone consumers have adjusted their inflation expectations downward, according to a recent European Central Bank (ECB) survey released on Tuesday. This shift comes as the ECB prepares to unwind a historic series of interest rate hikes. The survey indicates that consumers expect inflation over the next 12 months to decrease to 2.9%, down from 3.0%
Futures for Canada’s main stock index advanced on Monday, buoyed by a rise in commodity prices, as investors awaited key inflation data from both the U.S. and Canada to gain insights into the potential timing of interest rate cuts. Market Overview As of 6:41 a.m. ET (10:41 GMT), June futures on the S&P/TSX index were
