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Fed’s Goolsbee warns of potential inflationary impact of tariffs

(Reuters) – Chicago Federal Reserve President Austan Goolsbee warned on Wednesday that ignoring the potential inflationary impact of tariffs would be a mistake, citing the COVID-19 pandemic experience where supply chain disruptions drove up inflation. The U.S. economy is strong, the labor market is “plausibly” at full employment, and inflation has come down and is …

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Trump revokes security for former defense secretary Esper, NYT reports

(Reuters) – U.S. President Donald Trump has revoked federal security protection for former U.S. Defense Secretary Mark Esper, the New York Times reported on Wednesday, citing two people with knowledge of the matter. Esper, who served during Trump’s first term in office, joins Trump’s former Secretary of State Mike Pompeo, his former national security adviser …

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Lebanese Hezbollah official says US plans for Palestinians are ‘criminal’

CAIRO (Reuters) – An official from the Lebanese Hezbollah group on Wednesday described U.S. plans to move Palestinians out of the Gaza Strip as “criminal orders”. The comments by Hussein Moussawi, political advisor to the group’s secretary general, were published in a statement from Hezbollah. President Donald Trump said on Tuesday the United States would …

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Sweden mourns victims of deadliest gun attack, suspect’s motive unknown

By Johan Ahlander and Anna Ringstrom OREBRO, Sweden (Reuters) -Survivors of Sweden’s worst mass shooting on Wednesday recalled trying to save the lives of their comrades at a school for adults in Orebro, a day after a gunman killed 11 people on what the prime minister called a “dark day” in the country’s history. Police …

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Pennsylvania thieves haul away precious loot: 100,000 eggs

By Rich McKay (Reuters) – Pennsylvania State Police were hunting on Wednesday for thieves who stole about 100,000 organic eggs from a wholesaler’s warehouse over the weekend, a haul worth more than $40,000 retail amid a national shortage that has caused prices to surge. Pennsylvania State Trooper Megan Frazer, who is investigating the case, told …

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Recovery of tycoon Lynch’s sunken yacht off Sicily to begin after mid-April

ROME (Reuters) – The superyacht that sank off Sicily last year, killing British tech tycoon Mike Lynch and six others, will be recovered once its mast is dismantled in a salvage operation likely to begin after the middle of April, a source close to the matter told Reuters on Wednesday. The recovery of the British-flagged …

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Iran calls for OPEC to unite against potential US oil sanctions

By Elwely Elwelly DUBAI (Reuters) – Iran’s President Masoud Pezeshkian urged OPEC members to unite against possible U.S. sanctions on the major oil producer, after U.S. President Donald Trump said he would seek to drive Tehran’s oil exports to zero. Iranian crude oil exports currently stand at around 1.5 million barrels per day, with the …

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UAE says it rejects any attempt to displace Palestinians

CAIRO (Reuters) – The United Arab Emirates categorically rejects any attempt to displace the Palestinians and deny them “inalienable rights”, the UAE foreign ministry said in a statement on Wednesday. In a shock announcement, U.S. President Donald Trump said on Tuesday that the U.S. would take over the war-ravaged Gaza Strip after its Palestinians were …

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Canada to host summit on boosting economy after Trump tariff threat

OTTAWA (Reuters) -Canadian business and labor leaders will meet in Toronto this Friday to discuss diversifying trade and boosting the economy in the wake of U.S. threats to impose tariffs, Prime Minister Justin Trudeau said on Wednesday. U.S. President Donald Trump on Monday said he would delay the imposition of tariffs on Canadian exports by …

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Human Rights Watch: displacing Palestinians would be moral abomination

GENEVA (Reuters) – Displacing Palestinians would be a moral abomination, Human Rights Watch Israel and Palestine director said on Wednesday in response to a proposal from President Donald Trump for the United States to take over Gaza. “It would be a moral abomination,” Omar Shakir, from the international non-government organization that advocates for human rights, …

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