World Bank Courts Private Financing Amid Global Debt Burden

New York Times - Sep 17, 2026

The World Bank president, Ajay Banga, has worked to make the development institution a magnet for private capital as donor nations face budget constraints.

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Sep 17, 2026

Peter Navarro says Fed's rate raise is 'a bad decision'

White House adviser Peter Navarro on Wednesday blasted the Federal Reserve's move to raise interest rates in several years, calling it "a bad decision." The central bank’s Federal Open Market Committee (FOMC), led by Fed Chair Kevin Warsh, voted unanimously to increase the central bank’s benchmark interest rate to a range of 3.75 percent to 4 percent. Warsh...

Sep 17, 2026

US interest rates raised for first time in three years

Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.

Sep 17, 2026

Why Trump's hand-picked Fed chair defied him by raising interest rates

The 0.25% increase comes despite fierce opposition from the US president, who has called for rates to be cut.

Sep 17, 2026

Trump’s Latest Threats Loom Over Fed’s Interest Rate Decision

This month, the president threatened to halt a broad swath of trade if interest rates were not cut, a possibility he resurfaced on Wednesday.

Sep 17, 2026

Trump’s Latest Threats Loom Over Fed’s Interest Rate Decision

This month, the president threatened to halt a broad swath of trade if interest rates were not cut, a possibility he resurfaced on Wednesday.

Sep 17, 2026

EU chief backs plan for Canada to become 'associate member'

Trump, who has frequently clashed with Canada's PM, threatens to cut trade with the European Union in response to the proposal.

Sep 16, 2026

Snapchat open to putting time limits on teens, boss tells BBC

Evan Spiegel says it would be "an important step forward for the industry" in an interview with the BBC.

Sep 16, 2026

Would you buy branded clothing from your favourite tech firm?

Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.

Sep 16, 2026

Trump blames Fed board, not Warsh, for rate hikes

President Trump on Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.” “I told Kevin,...

Sep 16, 2026

US Fed hikes rates for first time since 2023 as inflation stays sticky

Sep 16, 2026

Trump donor Harold Hamm's oil company announces Venezuela deal

Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela’s state-run oil company that would allow it to operate in a 126,000 acre-area of the oil-rich Orinoco Belt, according to a press release. "Continental was built to recognize great resource opportunities and...

Sep 16, 2026

Watch: How will higher interest rates impact US consumers?

The BBC's Samira Hussain looks at the factors considered in the increase by the Federal Reserve and what it could mean for the US economy.

Sep 16, 2026

Inside Singapore's 'Fort Knox' for city's $2bn dirty money auction

The BBC goes inside a fortified storage facility to view luxury goods seized by police that are now up for auction.

Sep 16, 2026

Warsh says Fed cares 'very much' about AI developments

Federal Reserve Chair Kevin Warsh said Wednesday the central bank is keeping tabs on rapidly developing artificial intelligence (AI) models. “We care very much about what's happening in artificial intelligence,” Warsh told reporters, after the Federal Open Market Committee raised interest rates by a quarter point. The Fed chair noted he is interested in how...

Sep 16, 2026

Trump offers fiery response to Federal Reserve rate hike

President Trump offered a fiery response to the Federal Reserve’s decision to hike interest rates on Wednesday, demanding instead that rates be drastically lowered quickly. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment!”...

Sep 16, 2026

Trump Ally Harold Hamm Strikes Venezuela Oil Deal

Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

Sep 16, 2026

Takeaways From the Fed’s Decision to Raise Interest Rates

Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’

Sep 16, 2026

The Quiet Way A.I. Is Hitting the Work Force

Lower wage growth and slower hiring in some sectors may be the result of artificial intelligence, especially for younger workers.

Sep 16, 2026

The World Economy Is Becoming Wary of the U.S.

America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Sep 16, 2026

Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging

Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.

Sep 16, 2026

Outkick Moves Past Its Clay Travis Era

Fox is revamping the sports site following the exit of its founder, Clay Travis. It’s hiring a writer who resigned from The Seattle Times over a column about transgender athletes.

Sep 16, 2026

Zuckerberg: AI companies incentivized toward safety

Meta CEO Mark Zuckerberg on Tuesday argued that artificial intelligence (AI) companies are incentivized toward safety when it comes to the timing of crafting their models and that external pressure is not needed to keep to that timeline. “Every lab has the responsibility and incentive to move at the pace required to train its models...

Sep 16, 2026

Fed hikes interest rates by quarter point

The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the...

Sep 16, 2026

Vance to AI leaders: 'If you're building Frankenstein, stop'

Vice President Vance weighed in on the ongoing AI safety debate Tuesday, pressing those behind the technology to be careful. “The president, I think, is very rightly asking the question, why is it that the people who are at the frontier of the AI economy are throwing up their hands and saying, 'Well, we've built...

Sep 16, 2026

Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.

The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.

Sep 16, 2026

Bessent and Warsh Take On the Bond Bears

The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.

Sep 16, 2026

Minneapolis driverless car ordinance would require human monitors

The proposal would require autonomous vehicle companies to put a paid "safety monitor" in the driver's seat of every car.

Sep 16, 2026

Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks

Prolonged restrictions on exports could push oil prices even higher.

Sep 16, 2026

Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands as the Budget approaches

The Budget is only six weeks away and the economy is undoubtedly the biggest challenge facing the prime minister.

Sep 16, 2026

Amazon increases minimum starting pay, adds new discount for employees

The move bumps the company's average hourly wage to almost $24 an hour.

Sep 16, 2026

Petrol and diesel price rises push UK inflation higher

Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.

Sep 16, 2026

EU chief wants Canada as bloc's first associate member

European Commission President Ursula von der Leyen said Wednesday she wants Canada to join the European Union as an associate member, as the North American nation is embroiled in a trade war with the U.S. “I would like to work with you on opening the door for Canada to being the first associate member of...

Sep 16, 2026

Burnham rejects 'tax and spend socialist' comments

The prime minister insists he is prepared to take "difficult decisions" at next month's Budget.

Sep 16, 2026

Federal employees were paid nearly $7B not to work under DOGE effort: GAO

The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday report. Federal workers' use of paid leave increased 435 percent under the first two years of the Trump administration, a dynamic the Government Accountability Office...