US: Fed opts for 75-basis-point rate hike, flags weakening economic data

The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on Wednesday in an effort to cool the most intense breakout of inflation since the 1980s, with "ongoing increases" in borrowing costs still ahead despite evidence of a slowing economy. Coming on top of a 75-basis-point hike last month and smaller moves in May and March, the Fed has raised its policy rate by a total of 225 basis points this year.

from US News Headlines, Latest USA News, US news live on Times of India https://ift.tt/okRNh3D

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Taliban launch 'massive attack' on Afghan city of Kunduz

The militants, who have demanded that all foreign forces leave Afghanistan, now control or hold sway over roughly half of the country and are at their strongest since their 2001 defeat by a US-led invasion. Such attacks are seen as strengthening their negotiating position. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/347NQeG

37 killed in 424 US, UK strikes on Yemen: Houthi leader

Abdul Malik al-Houthi cited 37 casualties and 30 injuries from 424 US and British airstrikes in Yemen, disrupting global shipping with 34 assaults and 125 ballistic missiles, targeting Red Sea international vessels to aid Palestinians in the Israel-Hamas conflict. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/gmSPbLw

North Korea to redevelop flagship tourist resort

The resort -- once a prominent symbol of inter-Korean economic cooperation -- was built by South Korea's Hyundai Asan on one of the North's most scenic mountains, drawing hundreds of thousands of Southern visitors. from World News Headlines, Latest International News, World Breaking News - Times of India https://ift.tt/3atz9Io

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