Category: International

The US Federal Reserve reduced interest rates on Wednesday, with Chair Jerome Powell stating that further reductions will depend on progress in curbing persistently high inflation.  Powell’s explicit – and repeated – references to the need for caution from here jolted Wall Street, sending stocks sharply lower and spurring a dialing back of market estimates of how far borrowing costs are likely to fall over the coming year. “I think we’re in a good place, but I think from here it’s a new phase and we’re going to be cautious…

ABC News will pay a $15 million settlement payment to resolve a defamation lawsuit brought by United States President-elect Donald Trump, according to court documents filed Saturday. The lawsuit stemmed from on-air comments made by top anchor George Stephanopoulos, who said Trump was found “liable for rape” during an interview with US Representative Nancy Mace that aired in March. The terms of the settlement require ABC News to make a $15 million donation to a fund dedicated to “a presidential foundation and museum” for Trump. The news organisation and Stephanopoulos will also issue…

NEW YORK: Prosecutors have suggested to a New York judge that Donald Trump could avoid prison time after being convicted on charges related to hush money payments to a porn star, citing his recent US presidential election victory. However, they have rejected the idea of dismissing the case. In a court filing made public on Tuesday, prosecutors with Manhattan District Attorney Alvin Bragg’s office urged Justice Juan Merchan to deny the Republican businessman-turned-politicians’ request to throw out the case so it does not hang over him and impede his ability…

A new cultural and social space has opened in Prague’s Karlín district, tucked within one of the arches of the historic Negrelli Viaduct. The first of its kind, the space is designed primarily for non-commercial events and will be tested for two years before any further decisions are made about its future. If the trial proves successful, the city plans to eventually enclose up to 40 arches along the viaduct, creating spaces for galleries, events, and potentially even commercial tenants. The creation of this glass-enclosed area, which includes a wooden…

On Saturday, December 7, 2024, Minister Jan Lipavský will participate in the important Doha Forum conference, which is being held in the Qatari capital, Doha. At the conference, he will speak in a discussion dedicated to new trends in connection with Russian aggression in Ukraine. In addition to participation in the conference, negotiations are planned with Qatari representatives and the chairman of the Munich Security Conference, Christoph Heusgen.

President-elect Donald Trump has warned BRICS nations of a potential ban from the US economy if they proceed with plans to undermine the US dollar.  “We require a commitment… that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100 percent Tariffs,” Trump wrote on his Truth Social website, referring to the grouping that includes Brazil, Russia, India, China, South Africa and others. The statement comes after a BRICS summit held last month in Kazan, Russia,…

WASHINGTON: US President-elect Donald Trump’s transition team has signed a memorandum of understanding with the Biden administration, marking the formal commencement of the transition process. The agreement, announced by his incoming chief of staff on Tuesday, came in the wake of weeks of delays. The move will allow Trump’s team to coordinate directly with federal agencies and access documents. The unusual delay in signing the agreement after the Nov. 5 election had raised concerns among some critics about potential hiccups in government operations or conflicts of interest. “This engagement allows…

US President Joe Biden, at his final summit as US president on Monday, headed for the group photo with fellow G20 leaders in Rio de Janeiro, only to find they had already taken the picture without him. Biden missed out on the shot, along with the Canadian and Italian prime ministers in an incident blamed by frustrated US officials on “logistical issues”. It came during a South American tour during which Biden’s counterparts have been looking past the outgoing US president in political terms — and towards his successor Donald…