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Trump should be 'free' to criticize the Fed, senior official says
President Donald Trump should be free to voice his opinion about the US Federal Reserve, a senior bank official said Thursday, while defending the central bank's independence to tackle inflation.
'Made in America' lingerie squeezed by Trump's tariffs
After years spent working in sweatshops in California, Francisco Tzul got a job at a trendy lingerie brand that prides itself on ethical business practices and a "Made in America" approach. "My whole point was that I wanted to... create jobs in an ethical way, and now they're making it impossible for me to do that," Hughes said.
US Treasury chief raised 'important issues' in IMF criticism: Georgieva
US Treasury Secretary Scott Bessent's criticism of the International Monetary Fund raised "a number of important issues" to grapple with, the head of the Washington-based institution said Thursday.
US existing home sales retreat more than expected in March
Sales of existing US homes pulled back more than expected in March, according to industry data released Thursday, as mortgage rates remained high and weighed on affordability for homebuyers. "Home buying and selling remained sluggish in March due to the affordability challenges associated with high mortgage rates," said NAR chief economist Lawrence Yun in a statement.
Warning lights flash at Nissan after monster profit warning
The road ahead looks treacherous for Nissan after the Japanese auto giant predicted an enormous loss just as US President Donald Trump's tariffs on car imports hit the industry. In any case, given the unpredictability of Trump's policies, analysts said it was unlikely that Nissan -- or any Japanese automaker -- would announce any major shift for now.
P&G cuts outlook as consumers pull back amid tariffs
Procter & Gamble cut its sales and profit forecast Thursday, citing a pullback in consumer behavior as uncertainty over tariffs and the economy cloud the picture. Consumers are adopting a "wait and see attitude" as they monitor stock market gyrations in light of tariff headlines and weigh uncertainty around the job market, mortgage rates and other factors, Schulten said.
US opposes 'dangerous' anti-fossil fuel policies at global summit
An international summit on the future of energy security opened in London on Thursday with stark opposition from Washington, which called policies to phase out fossil fuels "harmful and dangerous". We oppose these harmful and dangerous policies.
Pope's death sparks betting frenzy for successor
The date when Catholic cardinals will gather to select Pope Francis's successor is not yet known. - 'Inconsistent' - At least 15 days, and no more than 20 days after Pope Francis's death, 135 cardinal electors are due to take part in a conclave to pick a successor, usually from among their ranks.
Germany expects zero GDP growth this year, blames Trump tariffs
Germany's economy is expected to post zero growth in 2025, outgoing Economy Minister Robert Habeck said Thursday, blaming US President Donald Trump's trade policy. "Tariffs and trade policy turbulence are hitting the German economy harder than other nations," Habeck said.
AFP
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