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US to rename military bases that honor Confederate figures by 2024
The United States will rename nine army bases that honor figures from the pro-slavery Confederacy by the beginning of 2024, Defense Secretary Lloyd Austin said on Thursday. All of the bases being renamed are located in Southern states that seceded from the United States and formed the Confederacy, which lost the 1861-1865 Civil War.
Bringing down inflation will take time, more rate hikes: Fed officials
The United States will require further interest rate hikes in order to cool the world's largest economy and rein in high prices, Federal Reserve Governor Lisa Cook said Thursday. "Restoring price stability likely will require ongoing rate hikes and then keeping policy restrictive for some time until we are confident that inflation is firmly on the path toward our two percent goal," Cook said.
Musk asks court to halt upcoming Twitter trial
Elon Musk asked a US judge Thursday to halt an upcoming trial over his troubled bid to take over Twitter, after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation. Analysts say the litigation provides leverage to Twitter against the risk of another shift by Musk.
Macabre scenes in Zaporizhzhia after strike hits apartments
From the ruins of a five-story building on the main street of Zaporizhzhia, a manicured hand with bright red fingernails protrudes from the rubble. An hour later, another body was found after rescuers cleared tons of rubble, as firefighters worked to extinguish a blaze from a collapsed section of a building with pieces of jagged metal protruding.
Musk says Twitter has refused to suspend litigation on buyout
Elon Musk asked a US judge Thursday to suspend Twitter's lawsuit over their troubled takeover negotiations after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation. Twitter said Tuesday it expects to close the buyout deal at the $54.20 price in a statement that did not address Musk's demands over freezing the litigation.
US tightens travel screening as worries about Ebola mount
The United States announced tighter screening Thursday for people who traveled to Uganda due to an outbreak of Ebola in the African country. As of Thursday, "no suspected, probable, or confirmed EVD cases related to this outbreak have been reported in the United States or other countries outside of Uganda," the CDC said.
IMF chief says world better prepared for this crisis
The global economy is at a difficult crossroads, buffeted by multiple shocks including soaring inflation, rising interest rates and a growing threat of broad debt crisis, but IMF Managing Director Kristalina Georgieva told AFP that institutions are better prepared to weather this storm. What we need to recognize is that the Chinese institutions are still working their way through debt issues.
World Bank spent almost $15 bn on fossil fuel projects since Paris deal: report
The World Bank has pumped $14.8 billion into fossil fuel projects globally in the period following the landmark Paris climate accord, a report said Thursday. The biggest project listed in the report, called "Investing in Climate Disaster: World Bank Finance for Fossil Fuels," was the Trans-Anatolian Pipeline in Azerbaijan, funded in 2018 to the tune of $1.1 billion.
Prince Harry launches legal action against UK media group
Britain's Prince Harry and singer Elton John are among six public figures suing the publisher of the Daily Mail over alleged unlawful information-gathering at its titles. ANL, also the publisher of The Mail On Sunday and MailOnline, said on Thursday it "utterly and unambiguously" rejected the allegations.
AFP
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