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inflation as their comments echo Fed chief Jerome Powell's call for caution. The US Fed policymakers, fresh from an interest rate cut this week, fleshed out on Friday the case for reducing borrowing costs more slowly next year as they assess progress in lowering inflation and the impact of tariffs and other policies promised by President-elect Donald Trump, Reuters reported. San Francisco Fed President Mary Daly, who supported the U.S. central bank's decision on Wednesday to cut its benchmark overnight rate by a quarter of a percentage point to the 4.25 per cent-4.50 per cent range, and Cleveland Fed President Beth Hammack, who dissented against it, both said the meeting's outcome was a «close call.» Daly and two other Fed policymakers who spoke on Friday said they felt the central bank would likely resume its rate-cutting next year, but signaled they would take their time doing so now that, as Daly put it, the «recalibration phase» is over, as per Reuters report. «We're in the next phase, and that next phase is really looking at the incoming information,» Daly said in an interview with Bloomberg Television.

Subscribe to enjoy similar stories. State governments on Friday sought extra headroom for their borrowings and greater fiscal support for their capital expenditure from the Centre, while advocating an expansionary union budget for FY26 to arrest an economic slowdown and a weakening currency. States also advocated that macroeconomic challenges should be comprehensively addressed in the Union budget.

FIFA has signed Netflix to a United States broadcast deal for the Women’s World Cup in 2027 plus the 2031 edition that could be played in the U.S. The deal announced Friday is the most significant FIFA has signed with a streaming service for a major to...

Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing

At a meeting in the UK Parliament complex this week, stakeholders gathered to reflect on the report's findings and make the case that investing in ending malaria is the economically smart thing to do. It was noted how community health workers in India, comprising mainly women, are reaching remote populations and «significantly driving down malaria cases and deaths».

King Charles III on Friday joked that he was «still alive» as he met east London community members at the end of a year in which the British monarch has battled cancer, as per a report. The quip, which came after a member of the public asked Charles how he was, followed reports on Friday that the 76-year-old sovereign will continue his cancer treatment into next year, AFP reported. Buckingham Palace sources told Sky News that «his treatment has been moving in a positive direction and as a managed condition the treatment cycle will continue into next year».

Samajwadi Party (SP) MP Jaya Bachchan on Friday alleged that the BJP MPs, undergoing treatment in a hospital in the city, are doing «drama» and said they should be given all the awards for their «acting performance». Speaking to reporters during a protest march carried out by opposition parties here, the Rajya Sabha member also claimed that she has never seen in her career as an actor a «better performer» than BJP MPs Pratap Chandra Sarangi, Mukesh Rajput and S Phangnon Konyak. The BJP hit back and said this is the «true culture» of the SP and the opposition INDIA bloc with Bachchan standing with the «aggressor», not with the victim, survivor and the tribal woman MP who has made «grave» allegations against Leader of Opposition in Lok Sabha Rahul Gandhi. The acrimonious face-off between the opposition and the ruling NDA over alleged insult to B R Ambedkar took an unprecedented ugly turn in Parliament premises on Thursday with claims of pushing and shoving involving MPs, leaving two BJP members Sarangi and Rajput hospitalised.

After a cliffhanger-filled Season 2 finale, fans were left eagerly awaiting answers, and now they have them. On December 19, Hulu confirmed the renewal of Tell Me Lies for a third season.

The initial leak came from Weibo user Digital Chat Station, who suggested that the iPhone 17 Pro would feature a horizontal row of cameras across the back of the phone. This arrangement was seen as a striking departure from the familiar triangular camera layout of the iPhone 15 Pro. The report included a render of an iPhone with three cameras placed in a straight line along the top edge, which led many to believe that this would be the new design for the iPhone 17 Pro. However, this idea now faces some skepticism. Also Read: Tell Me Lies Season 3: When will new episodes release and what’s next for Lucy and Stephen?

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains

Cummings' statements came as the IA's How investment management supports UK growth report found over 15 million UK adults have investable assets worth more than £10,000, with more than half owning at least three-quarters of them in cash. According to the IA CEO, «this means they are missing out on the potential investment growth while being exposed to the detrimental impact of inflation», which has led to a drop in the real value of investments in cash individual savings accounts (ISAs). Number of ISA millionaires hits all-time high of nearly 5,000 «If these consumers had put £10,0...

In his latest trade war threat, the incoming GOP president spoke out against Brussels via his account on social media site Truth Social.  In the post, Trump said: «I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!» Trump inflationary risks force economists to temper Fed rate cut expectations — reports Many members of the incoming Trump administration, including the president-elect, reiterated the ‘drill baby drill' mantra during the presidential cam...

Piramal Enterprises' board of directors today (Friday, December 20) approved the company's plans to raise up to Rs 2,000 crore via issuance of Non-Convertible Debentures (NCDs) of face value Rs 1,000 each in one or more tranches. The decision was taken in a meeting held today and the company informed about the development after market hours.

Nintendo Switch 2 release date is nearing even as rumours of leaks and specs have been doing the rounds on the social media. Nintendo Switch 2 leaks suggest that the dock has one HDMI port, one ethernet, two USB-A, one USB-C. According to reports, Nintendo Switch 2 will have backwards capability. Nintendo Switch 2 is yet to be confirmed by the makers. Earlier, Nintendo had hinted that Nintendo Switch 2 will be launched by March 31, 2025. There are rumours that Nintendo Switch 2 may launch between April and June.

US Congress was scrambling to avert a partial government shutdown on Friday, hours after more than three dozen Republicans rejected a demand by President-elect Donald Trump to use the measure to lift the nation's debt ceiling. Republican House of Representatives Speaker Mike Johnson was trying to plot a course that could pass both his chamber, with narrow Republican control, and the Democratic-majority Senate, as a midnight Friday (0500 GMT Saturday) funding deadline loomed. «We have a plan,» Johnson told reporters at the Capitol on Friday. «We're expecting votes this morning.»

EDMONTON — Alberta Premier Danielle Smith says the province has heard back from Canada’s chief actuary on its bid to leave the Canada Pension Plan but says there’s no estimate on how much the province should get.

Nirmala Sitharaman, Punjab and Kerala have requested for special financial packages among other demands by states, reported ETNow quoting its sources. Additionally, states have demanded higher allocation for 50 year interest free loans, request for more flexibility in the Special Assistance for Capital Investment scheme under this category. «States urged for an increase in borrowing limits to support fiscal activities and highlighted the need for state-specific road development projects,» said sources, according to the ETNow report.

Mufasa: The Lion King', directed by Oscar-winning Moonlight filmmaker Barry Jenkins, is a prequel to 2019's «live action» remake of The Lion King. The movie takes the viewers back to a time when Mufasa and Taka — as Scar was once known — were but young cubs roaming the plains together. The tale is told in flashback to Kiara (Blue Ivy Carter, making her acting debut), the young offspring of Simba (Donald Glover) and Nala (Beyoncé), who've left their daughter — and the rest of the movie — in the babysitting paws of Timon (Billy Eichner), Pumbaa (Seth Rogen) and the wise mandrill Rafiki (John Kani). Amid high anticipation, Mufasa: The Lion King opened to mixed reviews from the critics. However, the advance booking report for the opening day looked impressive. According to a tweet by trade analyst Sumit Kadel, Mufasa: The Lion King is expected to open to a whopping nett collection of somewhere between Rs 10-12 cr in India amid the Pushpa 2 craze, reports Filmibeat. ALSO READ: Amid Prince Harry-Meghan Markle divorce buzz, Duchess of Sussex's shocking allegation against King Charles, Queen Camilla

According to data the Office for National Statistics, the 0.2% rise in retail sales in November is below the annual sales volumes leading up to that month, which stood at 0.5%. The largest decline in sales came from textile clothing and footwear stores, which experienced a 2.6% drop in volumes in November after a 3.5% decrease in October of this year. «This left clothing stores sales volumes at their lowest level since January 2022, with retailers reporting that economic factors were affecting sales,» the ONS stated. UK retail sales slump to 0.6% as shoppers protect their coffers f...

New York Times daily word game Connections. The game, which challenges players to group words into logical categories, has gained immense popularity since its debut. For those tackling today’s challenge, here’s everything you need to know about the NYT Connections for December 20, 2024, as mentioned in a report by Forbes.