Oil Slides for a Third Day as Saudi Arabia Works to Restore Pipeline After Regional Strikes Crude prices fell again Friday as Saudi Arabia moved to bring a damaged pipeline back online, even as tension around the Strait of Hormuz continued to weigh on the region. Full story → · 5 sources
Overnight Strikes Hit Ukrainian Cities as Poland Warns of Risks to Countries Backing Kyiv Ukrainian officials reported casualties from a large overnight missile and drone attack, while Poland's prime minister cautioned that the war could reach countries supporting Ukraine. Full story → · 3 sources
Bank of Japan Raises Interest Rate to 1.25% as Yen Slides Further Japan's central bank delivered another expected quarter-point rate increase overnight, but the yen weakened anyway as traders looked past the move. Full story → · 1 sources
Bank of England Holds Rates at 3.75% as Policymakers Split Over Energy-Driven Inflation The Bank of England kept its benchmark rate unchanged this week, but three of nine policymakers wanted an increase as energy costs push UK inflation higher. Full story → · 3 sources
European Union Moves to Make Canada an 'Associate Member' The EU is advancing a new category of closer partnership that would give Canada associate status, a model officials say could later be offered to other democracies. Full story → · 1 sources
Judge Orders 30 Days' Notice Before Any Demolition Work at the Kennedy Center A federal judge has ruled that the Kennedy Center's board must give a month's notice before any demolition, amid an ongoing legal dispute over the future of the Washington arts institution. Full story → · 1 sources
Federal Reserve Raises Interest Rates for the First Time Since 2023, Citing Persistent Inflation The Fed lifted its benchmark rate a quarter point to a range of 3.75% to 4%, its first increase in more than three years, as new Chair Kevin Warsh pledged a quicker return to 2% inflation. Full story → · 4 sources
China's Economy Reaches a Turning Point on Whether More Stimulus Is Needed New data due next week is expected to show industrial output improving even as Chinese consumers remain cautious, a mixed picture that will shape stimulus decisions for the rest of the year. Full story → · 1 sources
Global Stocks Rally as Falling Oil Prices Ease Inflation Worries Stock markets from Wall Street to Asia to London rose this week as retreating oil prices and central bank clarity gave investors reason to look past recent volatility. Full story → · 3 sources