WASHINGTON, (MILLAT+APP/AFP) – US central bankers say they may need to raise interest rates faster than planned due to “considerable uncertainty” linked to Donald Trump’s fiscal stimulus plans, which could fan inflation. Minutes of the Federal Reserve’s final 2016 policy meeting, published on Wednesday, illustrate the complex balancing act it faces as the Republican billionaire […]
International News
Citing Trump ‘uncertainty,’ Fed says faster rate hikes possible
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Obama, Team Trump in health care showdown
WASHINGTON, (MILLAT+APP/AFP) – US President Barack Obama called on congressional Democrats Wednesday to “fight” to preserve his signature health care reform, with its future in doubt as Donald Trump’s incoming administration vowed a swift repeal of the controversial law. Obamacare, the fruit of an eight-year drive to extend medical coverage to tens of millions of […]
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Mexican leader defends fuel price hike
MEXICO CITY, (MILLAT+APP/AFP) – Mexican President Enrique Pena Nieto defended on Wednesday a steep increase in gasoline prices but said he understood people’s “anger” against the measure, as protests entered a fourth day. Pena Nieto said the 20.1 percent increase in the cost of a liter of gasoline was necessary due to a rise in […]
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French maestro conductor Georges Pretre dies at 92
VIENNA, (MILLAT+APP/AFP) – French maestro Georges Pretre, the preferred conductor of legendary opera singer Maria Callas, died Wednesday aged 92 after a career wielding the baton for many of the world’s top orchestras. The Vienna Philharmonic, where he regularly conducted, said on its Facebook page that it was mourning “our charming and dear honorary member […]
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Venezuela president names new potential successor
CARACAS, (MILLAT+APP/AFP) – Venezuela’s leader Nicolas Maduro on Wednesday named a new vice-president, who would take over as head of state if Maduro were removed from office this year as the opposition demands. Maduro told a televised cabinet meeting that he had named Tareck El Aissami, 42, a powerful state governor, to the post. El […]
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France arrests former Kosovo PM sought by Serbia
PARIS, MILLAT+(APP/AFP): A former prime minister of Kosovo, Ramush Haradinaj, was arrested in France on Wednesday in response to an international arrest warrant for war crimes filed by Serbia. Haradinaj — who has been twice tried and acquitted — is a former leader of paramilitaries who fought for Kosovo, a predominantly ethnic Albanian province of […]