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Dow falls 1,100 points on disappointing Fed interest rate news
The stock market swooned Wednesday in response to a piece of news that might not seem all that dire on first read: The Federal Reserve could cut interest rates fewer times than experts had predicted, in 2025. The Dow Jones Industrial Average shed 2.6%, or 1,123 points, closing at 42,327. The S&P 500 lost nearly…
Breaking News | India | NewsIndia’s Modi gives army freedom to act as tensions rise with Pakistan after deadly terror attack
Tensions are escalating between the nuclear-armed powers India’s Prime Minister, Narendra Modi, is giving the armed forces near complete freedom of action to respond following a deadly attack on tourists in the disputed Jammu and Kashmir region on April 22 that saw 26 people killed by terrorists. India and Pakistan have exchanged fire every day…
India-Russia oil dealIndia’s oil deals with Russia dent decades-old dollar dominances ‘dent’ dollar dominance; Rupee-Rouble bypass sanctions
NEW DELHI/LONDON (Reuters) – U.S.-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India – Russia’s top outlet for seaborne crude – have been settled in other currencies. The dollar’s pre-eminence has periodically been called into question and yet it has continued because…
Hubble Sees Possible Runaway Black Hole Creating a Trail of Stars
There’s an invisible monster on the loose, barreling through intergalactic space so fast that if it were in our solar system, it could travel from Earth to the Moon in 14 minutes. This supermassive black hole, weighing as much as 20 million Suns, has left behind a never-before-seen 200,000-light-year-long “contrail” of newborn stars, twice the…
Cuba slashes size of daily bread ration as ingredients run thin
HAVANA, Sept 16 (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme created by the late Fidel Castro. The bread, one of a handful of still subsidized basic food products in Cuba, will be reduced…
Breaking News | Israel | NewsIsrael refills the Sea of Galilee, supplying Jordan on the way
TIBERIAS, Israel, Jan 30 (Reuters) – When the floodgates are open, a torrent of water gushes into a dry river bed and races to the shore of the Sea of Galilee, a biblical lake in northern Israel that was being lost to drought and the growing population around it. The water is fresh, high-quality, expensive….


