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US Fed holds interest rates steady despite 'too high' inflation

The US Federal Reserve on Wednesday held interest rates steady, even as its Chairman Kevin Warsh said inflation remained "too high" but insisted that politics played no part in the central bank's decision not to continue raising rates days before crucial midterm elections.

Pioneering US labor leader Dolores Huerta dies at 96

Dolores Huerta, the US labor leader and civil rights icon whose union work changed the lives of migrant workers, has died, her family said Wednesday. She was 96.

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Israel PM says pilot of rerouted flight tried to crash plane

Israeli Prime Minister Benjamin Netanyahu said Wednesday that the pilot of a Tel Aviv-bound flydubai flight had tried to crash the plane and kill its passengers, after the aircraft was forced to make an emergency landing in Saudi Arabia.

US reports firm Q2 economic growth, inflation steady

The United States on Wednesday estimated stronger second-quarter GDP growth than previously reported, with inflation remaining steady and private payrolls increasing more than expected.

Energy costs spark inflation surge across Europe

Inflation accelerated more than expected in Germany, France and Italy in September as energy costs soared because of the Middle East war, official data showed Wednesday, boosting expectations for further eurozone interest rate hikes.

UK PM Burnham reopens divisive debate on rejoining EU

Andy Burnham put the idea of Britain rejoining the EU on the table Wednesday, breaking a taboo for a UK prime minister and reopening the divisive Brexit debate.

Passenger on rerouted flydubai flight says pilot tried to crash plane

A passenger on a rerouted flydubai flight that was bound for Tel Aviv said one of the pilots tried to crash the plane and kill everyone on board, after both pilots were found to be wounded on landing in Saudi Arabia.

Dangote's $16bn Kenya refinery 'new chapter' for Africa

Africa's richest man was set to break ground on a new $16-billion mega-refinery in Kenya on Wednesday, saying it marked a "new chapter in Africa's industrial journey".

Israel-bound plane rerouted, pilots wounded in reported fight

Two pilots were wounded after they reportedly fought on board the plane they were flying from Dubai to Tel Aviv, and which was forced to make an emergency landing in Saudi Arabia on Wednesday.

Energy costs spark inflation surges in France, Italy

Inflation rates jumped in France and Italy in September as energy and fuel costs soared because of the Mideast war, official data showed Wednesday.

French inflation jumps to 3% in September on energy costs

French inflation hit three percent in September from a year earlier, largely due to a surge in energy and fuel costs, the Insee statistics office said Wednesday.

Most equities rise after oil price plunge, US data in focus

Stocks mostly rose on Wednesday following a plunge in oil prices the previous day, while investors prepared for the release of crucial US inflation data later in the day.

Vietnam admits 'differing opinions' on Hanoi development

Vietnam's leader has made a rare admission of public dissent, acknowledging "different opinions" on a flagship Hanoi development project after more than a quarter of respondents in a consultation did not support it.

Trump hails 'morally binding' AI self-regulation pledge

US President Donald Trump on Tuesday said the tech executives gathered at the White House to discuss regulating AI had signed a "morally binding" commitment to build adequate safeguards on the fast-moving technology.

Oil down, but stocks lower as bond yields rise

US and European stocks traded mainly lower Tuesday despite oil prices retreating from a recent surge, as bond yields pushed higher and investors waited for key inflation data.

Trump touts self-regulation at AI bosses lunch

President Donald Trump on Tuesday stressed self-regulation over government rules at a major gathering of artificial intelligence executives and government officials at the White House on Tuesday as Congress intensifies calls for stronger industry oversight.

Swiss regulator concludes Julius Baer bank probe

Switzerland's financial watchdog said Tuesday the bank Julius Baer committed "serious" regulatory violations, but the wealth manager's share price surged as investors turned the page on a probe partly linked to suspected breaches of anti-money-laundering rules.

Stocks move lower despite oil prices dropping

European and US stocks mostly traded lower on Tuesday despite oil prices retreating from recent highs as investors weighed the prospects for increased tanker traffic through the Strait of Hormuz.

Amaze Holdings (NYSE: AMZE) Executes Binding LOI to Acquire BullionFX | Alchemy, a Decentralized Gold-Backed Financial Ecosystem for Valued at US$155 Million

Proposed acquisition would bring a gold-backed decentralized financial ecosystem, including decentralized financial infrastructure targeting retail, institutional, and blockchain markets.

Vana Completes Expanded Staking as Part of the Vega Upgrade, Publishes Expanded VANA Token Economics

Network fees from personal data reads now fund staking rewards, buybacks and ecosystem development under a fixed protocol split; public dashboard launches at token.vana.org

Stocks move sideways despite oil moving lower

European and US stocks traded without direction on Tuesday despite oil prices retreating from recent highs as investors weighed the prospects for increased tanker traffic through the Strait of Hormuz.

'We just need rain': Germany's Rhine river hits new low

Parts of Germany's Rhine are now unnavigable for most shipping, an industry group warned Tuesday, after the river dropped to an all-time record low following months of little rainfall and hot weather.

African leaders to gather in Egypt for business summit

African leaders will meet in Egypt on Friday for a business summit that Cairo hopes will bolster its clout across the continent.

France's Le Pen defiant after top ally hit by antisemitism claims

French far-right presidential candidate Marine Le Pen on Tuesday vowed to hit back at allegations of antisemitism targeting her de-facto number two Jordan Bardella, which have punctured her buoyant campaign at a time she is riding high in the polls.

MEXC Unveils "WE SEE YOU" Brand Visual Refresh, Putting People Behind Every Trade in Focus

MEXC, a pioneer in 0-fee digital asset trading, today announced a visual refresh of its brand centered on "WE SEE YOU." The new identity shifts the focus from accounts and trading activity to the people behind them. Beyond the visuals, "WE SEE YOU" gives a more human expression to a philosophy MEXC has long put into practice: seeing the person behind every account.

Families demand justice for Cameroon's 'nightmare' wave of murdered women

Courage Anushuni still cannot make sense of his pain after his mother Cameroonian teacher Geraldine Achia was beaten to death, with her husband the prime suspect.

Slovenia sees surge in '.si' sites after Trump hypes 'super intelligence'

US President Donald Trump's push to rebrand artificial intelligence (AI) as "super intelligence" (SI) has sparked a flurry of requests for internet domains ending in ".si", to Slovenia's surprise.

STARTRADER Raises Lloyd's of London Client Fund Insurance to USD 30 Million in Aggregate

The aggregate cover increases thirtyfold from USD 1 million, applies to available balances and open positions in the event of insolvency, and remains free to clients.

Australian central bank lifts key interest rate to 15-year high

Australia's central bank raised the key interest rate to a 15-year high on Tuesday to curb inflation, which the government blamed on the prolonged war in the Middle East.

South Korea volleyball team latest to be bussed to wrong Games venue

South Korea were victims of another Asian Games transport mix-up in Japan when the bus carrying their men's volleyball team went to a venue an hour away from where they should have gone.

8.3 mn refugees at risk due to 'severe' funding cuts: UN

Nearly 8.3 million refugees and other forcibly displaced people face losing vital assistance from UNHCR, the UN's refugee agency warned Tuesday, as protection services crumble due to "severe" funding cuts.

Stocks drop and oil rises as Hormuz hopes fade

Asian stocks mostly fell and oil prices extended gains as hopes for a reopening of the Strait of Hormuz fade amid expectations the Federal Reserve will hike interest rates again next month.

India turns to corals and seagrass to shield against rising seas

Under a blazing sun, workers crouch on a shrinking island off India's southern coast, threading bright green seagrass shoots onto wooden frames before anchoring them onto the ocean floor.

AI bosses head to White House as safety pressure builds

President Donald Trump and House Speaker Mike Johnson will convene leading artificial intelligence executives at the White House on Tuesday amid calls from Congress for stronger industry oversight.

The China Mail - Economy (English)