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Updated: 18 min 16 sec ago
The banking crisis will tilt US into recession, say Fed economists
The fallout from the recent banking crisis is likely to push the US economy into a mild recession later this year, according to notes from the Federal Reserve's March policy meeting, released on Wednesday.
Brazil-China dealmaking sends a message to Washington
As Brazilian president Luiz Inacio Lula da Silva arrives in China today, his visit marks Brazil's return to the diplomatic stage among the Global South -- but also reveals a growing distance from geopolitical questions preoccupying the West.
Inside Al-Aqsa, Muslims say they're losing control of the holy site
On the grounds of the Al-Aqsa complex, one of the most revered places in Islam and Judaism, a delicate balance that governs this holy site is under strain.
Indonesia soccer clubs meet for first time after disaster
Two of Indonesia's biggest soccer teams Arema FC and Persebaya Surabaya played behind closed doors Tuesday in their first meeting since the deadly stadium disaster that killed more than 130 people in October.
'I was up to my waist down a hippo's throat.' He survived, and here's his advice
Paul Templer was living his best life.
Main Street investors bet on comeback for regional banks
Forget the banking crisis — Main Street's retail investors have barreled into embattled bank stocks. It looks like nothing tempts people to bet on an industry more than bargain prices, even if they're caused by the fear of imminent collapse.
Leaked Pentagon documents provide snapshot of US intelligence officials watching China
A set of highly classified Pentagon documents that leaked online in recent weeks in an apparent major security breach reveal American intelligence gathering on its key partners, adversaries and competitors -- including China.
Screaming people and bodies everywhere: The horrific aftermath of Myanmar junta airstrike that killed 100
Relatives were still recovering the charred bodies and limbs of victims killed in military airstrike on a village in central Myanmar Wednesday, a day after the deadliest attack in the country since the junta seized power in a coup two years ago.
Cyclone Ilsa gathering strength off Western Australia
A major cyclone is intensifying off the coast of Western Australia with warnings that it could be the most powerful storm to make landfall in the area in more than a decade.
Japan to develop long-range missiles as tensions with China rise
Japan on Tuesday announced plans to develop and build an array of advanced long-range missiles as it bolsters its defenses amid increasing tensions with neighboring China.
Michael Jordan's 1998 NBA Finals sneakers sell for a record $2.2 million
In 1998, Michael Jordan laced up a pair of his iconic black and red Air Jordan 13s to bring home a Bulls victory during Game 2 of his final NBA championship — and now they are the most expensive sneakers ever to sell at auction. The game-winning sneakers sold for $2.2 million at Sotheby's in New York on Tuesday, smashing the sneaker auction record of $1.47 million, set in 2021 by a pair of Nike Air Ships that Jordan wore earlier in his career.
Colombian women's rights activist attacked with acid
Colombian police are investigating an acid attack perpetrated against a human rights activist, Lilia Patricia Cardozo, in the country's northwestern Boyaca region, according to the city's council.
Military exercises suggest China is getting 'ready to launch a war against Taiwan,' Taiwanese foreign minister tells CNN
One day after China simulated "joint precision strikes" on Taiwan during military exercises around the island, Taiwan's Foreign Minister Joseph Wu condemned Beijing's actions in an exclusive interview with CNN and warned that "they seem to be trying to get ready to launch a war against Taiwan."
Fed official: Central bank should be 'cautious' in wake of banking turmoil
The banking crisis could help the Federal Reserve's fight to bring down inflation, but the central bank needs to be "cautious" in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday.
Global economy is in 'a better place' than many expected, Yellen says
US Treasury Secretary Janet Yellen said she believes the American economy remains strong, its banking system resilient despite some recent turmoil among regional financial institutions.
IMF: Banking crisis boosts risks and dims outlook for world economy
At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. Positive developments included China's reopening, signs of resilience in Europe and falling energy prices.
Shares in Regal Cinemas' owner hit all-time low
Cineworld's stock plummeted 36% Tuesday afternoon to an all-time low after the company said it had filed a plan to reorganize its business and shareholders would not recover any of their funds.
UN tells Afghan staff to stay home after Taliban bans women from working with the organization
The United Nations has instructed all of its personnel in Afghanistan to stay away from its offices in the country, after the Taliban banned Afghan women from working with the organization.
Around 100 people killed after Myanmar junta attack on village, shadow government says
Around 100 people, including women and children, have been killed after Myanmar's military junta bombed the Kant Balu township in the Sagaing region on Tuesday, according to the shadow government of the ousted administration.
Al Jaffee, record-breaking Mad Magazine cartoonist, dies age 102
Award-winning and record-breaking cartoonist Al Jaffee, best known for his work with revered satirical publication Mad Magazine, has died.