A devastating landslide wipes out a village in Sudan’s Darfur, killing more than 1,000 people
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“He was stalking her for the past two months. And he came here last night, shot her, called 911, said he killed his girlfriend, and then shot himself.”
The popular influencer who often dresses up as different DC and Marvel characters boasts a staggering 115,000 followers on TikTok.
Thomas Lohnes/Getty Images
- Europe’s top central banker warns President Trump’s Fed interference risks US and global stability.
- Trump’s push to oust Fed governor Cook and undermine Fed chair Jerome Powell has sparked global concern.
- Treasury Secretary Bessent said the Fed should remain independent but that it has “made a lot of mistakes.”
A top central banker has warned that President Donald Trump’s attempts to interfere with the Federal Reserve could pose a “serious danger” to both the US and global economy.
“US monetary policy obviously has effects within the United States — to maintain price stability and ensure optimal employment,” Christine Lagarde, the president of the European Central Bank and former head of the International Monetary Fund, told the French radio station Radio Classique on Monday.
“If it were no longer independent for this purpose, and instead depended on the dictates of one person or another, then I believe the balance of the US economy, and consequently the effects this has on the entire world — since it is the largest economy in the world — would be very troubling,” Lagarde added.
She also said she thinks it would be difficult for Trump to take control of the Fed due to legal complications.
Lagarde’s comments came as Trump said he sought to remove Fed governor Lisa Cook last month, citing allegations of mortgage fraud. Cook has denied wrongdoing and has filed a lawsuit to challenge the president’s move.
Trump has long been at odds with the central bank, repeatedly blasting Fed Chair Jerome Powell for keeping interest rates too high.
Although Trump said in April that he had no plans to fire Powell, investors have grown jittery at his efforts to undermine the Fed’s independence.
In July, analysts at Deutsche Bank said Trump removing Powell from his post is “one of the largest under-priced event risks over the coming months.” They said such a move could shake the dollar and Treasury markets.
Other financial leaders have echoed the concerns.
Ray Dalio, the founder of Bridgewater Associates, told the Financial Times in a Tuesday report that a politically compromised central bank “would undermine the confidence in the Fed defending the value of money and make holding dollar-denominated debt assets less attractive which would weaken the monetary order as we know it.”
JPMorgan Chase CEO Jamie Dimon said in July the Fed’s independence is “absolutely critical,” warning that political meddling could have damaging consequences.
Treasury Secretary Scott Bessent has tried to calm nerves. “The Fed should be independent. The Fed is independent, but I also think that they’ve made a lot of mistakes,” he told Reuters on Monday.
The Fed has said it would accept the courts’ ruling on Trump’s bid to remove Cook and has stressed its independence.
“The Federal Reserve reaffirms its commitment to transparency, accountability, and independence in the service of American families, communities, and businesses,” a spokesperson for the Fed said last month.
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The driver, a blond woman wearing a T-shirt that read “Mom Son Team,” was arrested at the scene, officials said.
Trump announced he will bestow the nation’s highest civilian honor on the former New York mayor, his longtime ally, days after Giuliani was injured in a car crash.
Fernando Fontoura, who moved to the UK aged 12, detained in drive to find people ‘illegally working’ as delivery drivers
A motorcycle rider out on a shopping trip was arrested and detained for a month as part of a high-profile government crackdown on undocumented migrants working for food delivery apps.
Fernando Fontoura, 33, who moved from Portugal to the UK when he was 12, was arrested by immigration enforcement officers after he parked his motorbike near a grocery store in south-east London on 22 July. He was taken to a detention centre near Gatwick airport where he was held for 29 days.
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A group of festival organisers and grassroots venues have launched a “pioneering, gamechanging music collective” to counter what they say is the slow collapse of the UK’s alternative live circuit.
Blaming soaring costs and corporate dominance for pushing dozens of smaller events to close, the not-for-profit festival will bring together independent festivals, venues and collectives to share resources, cut costs and pool audiences.
North Korean leader Kim Jong Un crossed the border into China on his special train early on Tuesday to attend China’s celebration of the formal surrender of Japan in World War Two, North Korean state media said on Tuesday.
Mass protests first erupted last week, prompted by anger over the perks and benefits given to lawmakers, including a controversial housing allowance
At least 20 people are missing following violent protests that have gripped cities across Indonesia over the past week, a human rights group has warned.
Mass protests first erupted on 25 August, prompted by anger over the perks and benefits given to lawmakers, including a controversial housing allowance. Public fury escalated further when a motorcycle taxi driver, 21-year-old Affan Kurniawan, was run over by a police vehicle at a protest site.