Employers trying to stop staff working from home will need to prove it has a “significant” negative impact on business or is incompatible with their role under new laws introduced to parliament.
Tl;dr: No rate change (as expected) but a dramatically hawkish shift in The Fed's bias (9 members seeing at least one hike this year). Statement smilled down dramatically, also biases towards hawkish focus on price stability (inflation) over employment: "The Committee will deliver price stability".
The economic relief granted to Iran under the reported terms of the Memorandum of Understanding (MoU) would likely allow the Islamic regime to immediately reconstitute its military powers, according to an assessment published by the American think tank the Institute for the Study of War (ISW) on Tuesday.
Senior figures in Israel's defense establishment voiced frustration during a Security Cabinet meeting this week following the announcement of a Memorandum of Understanding (MoU) between the United States and Iran, arguing that the pressure campaign against Tehran was beginning to produce significant results.
The US Federal Reserve held interest rates steady on Wednesday, as new chairman Kevin Warsh took the reins of an increasingly hawkish committee that is concerned with rising inflation exacerbated by the Iran war.
WASHINGTON, June 17 (Yonhap) -- The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady for the fourth consecutive time, marking its first rate decision since new Chair Kevin Warsh took office last month, amid lingering concerns over the economic fallout of the Middle East conflict.
Abu Dhabi's Edge Group and Italy's Leonardo have established a joint venture expected to attract about €4 billion ($4.64 billion) worth of defence systems orders, as Edge expands its collaborations in Europe.
A $300 billion private fund designed to trigger investment into Iran is outlined in the US-Iran framework agreement and more than half that sum has already been committed, a source with direct knowledge of the deal told Reuters.
Raul Castro, right, watches the May Day parade accompanied by Cuba’s President Miguel Diaz-Canel, second left, and Castro’s grandson, Raul Guillermo Rodriguez Castro, center, at Revolution Square in Havana, May 1, 2025. (AP Photo/Ramon Espinosa, File)
PRESIDENT Ferdinand Marcos Jr. said that enhancing cooperation in security, trade, energy, food security, and other key areas would top his agenda during his visit to Russia.
THE Filipino nation has been tempered like steel in the furnace of history, shaped by centuries of trial and transformation. From earthquakes that shook the land to storms that battered our shores, from the shackles of poverty and injustice to the labyrinths of governance, our people have walked through fire. Yet, l…
AFTER nearly four months of war, the United States and Iran have finally confirmed that a preliminary deal to end their conflict has been agreed, and is expected to be signed in Switzerland on Friday, June 19. This is welcome news for us here in the Philippines, as we have been hit hard by skyrocketing fuel prices, …
Snap's new $2,195 augmented-reality glasses are being viewed by Wall Street analysts less as a mass-market consumer device and more as a developer kit, given the expensive price point.
Stock markets in Abu Dhabi and Dubai recorded their highest close in three months amid optimism generated by a US-Iran peace deal that has eased tensions across the Middle East.
LONDON — U.K. Prime Minister Keir Starmer and India’s Narendra Modi agreed on the sidelines of the G7 leaders summit to implement the trade deal they signed nearly a year ago.