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Aug 13 (Reuters) – Cleveland Federal Reserve Bank President Beth Hammack on Thursday reiterated her view that the U.S. central bank should raise rates immediately to bring down too-high inflation and restrain business growth and investment. “When I’m talking to businesses, I hear that businesses are excited to raise funds, they’re excited to borrow so they can continue to invest. They see the growth opportunities, which is great; I want […]

WASHINGTON, Aug 13 (Reuters) – U.S. producer prices were unchanged in July as goods prices declined, though a rise in the cost of services suggested inflation could remain elevated. The flat reading in the Producer Price Index for final demand last month followed a revised 0.1% drop in June, the Labor Department’s Bureau of Labor Statistics said on Thursday. Economists polled by Reuters had forecast the PPI rebounding 0.2% following […]

Clashes between Iran-backed Houthi rebels and government forces in Yemen raged overnight Thursday as renewed violence continues to spread and feed growing fears that the country’s civil war could reignite and create a new front in the Middle East war. Here’s a look at the latest developments in the Iran war and the wider Middle East. Full coverage can be found here. At least one government soldier was killed and […]

BUCHAREST, Romania (AP) — Romania on Thursday began a controlled shutdown of the second reactor at its Cernavoda nuclear power plant as a severe drought continues to grip the continent. Scorching heat and low rainfall in recent weeks have left the Danube River at record lows and forced the state-owned Cernavoda plant to shut down its first reactor in late July. The plant accounts for about 20% of the country’s […]

ANKARA, Turkey (AP) — Afghanistan’s Taliban authorities have “forcibly disappeared” six staff members of a local organization working on women’s and children’s rights, a U.S.-based advocacy group said, following a separate U.N. report that two Afghan employees of its mission in the country were detained. The reported detentions come as Afghanistan’s Taliban rulers prepare to mark the fifth anniversary of their return to power on Saturday. The six men — […]

Abdul El-Sayed made history this month in Michigan by becoming the first Muslim nominated by the Democratic Party to run for the U.S. Senate. But elation among many of his fellow Muslim Americans was tempered by awareness of persisting and widespread anti-Muslim sentiment across much of the nation. Some Republicans, including President Donald Trump, swiftly began referring to the nominee by his full name, Abdulrahman Mohamed El-Sayed, while depicting him […]

HONOLULU (AP) — Tropical Storm Hernan formed Thursday in the Pacific Ocean and wasn’t threatening land while a different storm system that could bring heavy rain and flooding this weekend moved toward Hawaii, forecasters said. Hernan was about 1,460 miles (2,350 kilometers) west of the southern tip of the Baja California peninsula of Mexico, the National Hurricane Center said. Maximum sustained winds were around 40 mph (64 kph) and it […]

WASHINGTON (AP) — Public health experts have been quick to condemn an executive order from President Donald Trump aimed at upending childhood vaccinations in the U.S., but the biggest obstacles may be the unprecedented financial and logistical challenges it would impose on parents, health providers and drugmakers. Monday’s announcement by the Republican president calls for separating combination shots — including the measles, mumps and rubella, or MMR, vaccine — into […]

BEIJING, Aug 13 (Reuters) – Chinese artificial intelligence startup DeepSeek will raise API prices for its V4-Pro and V4-Flash models and introduce peak and off-peak pricing, a company statement on Thursday showed.​ The new rates – ranging from 50% to 1,100% above current prices, depending on the model, token type, and time of use – will take effect on August 17, according to the statement. (Reporting by Xiuhao Chen and […]