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Christopher Waller: “Our mandate from Congress tells us to worry about unemployment and price stability,” Waller said. “It does not tell us to provide cheap financing to the US government.”

Fed’s Waller says window open for a July rate cut

“We’ve been on pause for six months to wait and see, and so far, the data has been fine,” the Federal Reserve governor said.

Smokes rises from a building of the Soroka hospital complex after it was hit by a missile fired from Iran.

Europe, Iran set for high-level talks to defuse conflict

As the conflict enters its second week, European foreign ministers are set to meet Iranian officials in Switzerland to push to defuse its war with Israel.

Israel bombed Iran’s state TV. Why many Iranians cheered

Most Australians understand little about the reality of living in Iran, under a totalitarian regime that has controlled every aspect of daily life for 46 years.

UK eyes scrapping expat tax rules after millionaire exodus

The City of London is lobbying Britain’s chancellor to drop a tax on the global assets of non-domiciled residents after a spate of departures by executives.

Whatever happens, the Middle East has been remade

US President Donald Trump’s possible intervention in the Israel-Iran war is the last act in a remarkable reshaping of the Middle East.

Billionaire Telegram founder to leave fortune to his 100 children

Controversial chief executive and avid sperm donor Pavel Durov has just written his will that provides $US170 million to each of his offspring.

Opinion & Analysis

Europe may resolve the Iran-Israel war as Trump dithers

The Continent’s leaders are filled with fears about a spiralling regional conflict, and have forged ahead with negotiations set to take place this weekend.

Steven Erlanger, Jim Tankersley and Jeanna Smialek

Contributor

Forget nuclear weapons – could this be the end of Iran’s regime?

For 46 years, Western analysts have got it wrong when it came to predicting the regime’s end. This time, however, it could be different.

Patrick Gibbons

Corporate adviser

Patrick Gibbons

Why US strikes on Iran would bring risks at every turn

The largest perils for not only the region but the world may lie in the aftermath, many experts say, just as they did in Afghanistan and Iraq.

David E. Sanger

Contributor

How the ultra-rich are changing the political landscape

Two wonderfully detailed books explore the impacts of the widening gap between the super-elites and everyone else.

Rana Foroohar

Contributor

Rana Foroohar

From the Financial Times

Food chain Carl’s Jr has returned to rolling out an ad featuring a scantily clad woman.

‘Bikinis and burgers’: How the culture wars are remaking advertising

Brands are diluting or scrapping campaigns with a social purpose as the movement against DEI intensifies.

LA Lakers owner sells majority stake in record sports deal

The Buss family has agreed to sell a chunk to LA Dodgers owner Mark Walter that would value the glamorous basketball franchise at close to $15.4 billion.

Deep-cover agents, hacked phones: Israel’s secret war inside Iran

The covert campaign that preceded the Jewish state’s attack also involved spy satellites and smuggled miniaturised weapons systems to ensure a precise first strike.

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Yesterday

France’s President Emmanuel Macron, Britain’s Prime Minister Keir Starmer and Germany’s Chancellor Friedrich Merz hold private talks in May.

Europe may resolve the Iran-Israel war as Trump dithers

The Continent’s leaders are filled with fears about a spiralling regional conflict, and have forged ahead with negotiations set to take place this weekend.

Food chain Carl’s Jr has returned to rolling out an ad featuring a scantily clad woman.

‘Bikinis and burgers’: How the culture wars are remaking advertising

Brands are diluting or scrapping campaigns with a social purpose as the movement against DEI intensifies.

People hold signs and chant slogans during a protest against the death of Iranian Mahsa Amini and the government of Iran in Istanbul, Turkey.

Forget nuclear weapons – could this be the end of Iran’s regime?

For 46 years, Western analysts have got it wrong when it came to predicting the regime’s end. This time, however, it could be different.

Vladimir Putin has been on the hunt for Christo Grozev since the investigative journalist revealed the plot to kill Russian opposition leader Alexei Navalny.

The man Putin couldn’t kill

Investigative journalist Christo Grozev has been in the Russian president’s crosshairs since revealing the plot to poison Alexei Navalny.

This Month

Israeli hospital, Iranian nuclear site hit as Trump mulls US role

Israeli media aired footage of blown-out windows and heavy black smoke. Another missile hit a high-rise building and several other residential buildings in at least two sites near Tel Aviv.

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The Widener Library on the Harvard Campus in Cambridge, Massachusetts.

US orders social media vetting for student visa applicants

Foreign nationals applying for student visas will be asked to set their profiles to public. The State Department said failure to do so would raise red flags.

Winston Peters: “New Zealand hopes that steps will be taken swiftly to address New Zealand’s concerns so that this support can be resumed as soon as possible.”

New Zealand halts Cook Islands funding over China row

New Zealand and Australia have both become increasingly cautious about China’s growing presence in the Pacific and the threat it poses to their national security.

LeBron James and his Bronny James play for the Los Angeles Lakers in October 2024.

LA Lakers owner sells majority stake in record sports deal

The Buss family has agreed to sell a chunk to LA Dodgers owner Mark Walter that would value the glamorous basketball franchise at close to $15.4 billion.

Ted Cruz and Tucker Carlson clashed over what to do with Iran.

Trump faces uproar from MAGA base over possible Iran strike

Prominent Republican allies, including former White House strategist Steve Bannon, are in the unusual position of disagreeing with the bombastic president.

Why US strikes on Iran would bring risks at every turn

The largest perils for not only the region but the world may lie in the aftermath, many experts say, just as they did in Afghanistan and Iraq.

Iran claims it shot down an advanced Israeli Hermes drone over eastern Isfahan.

Deep-cover agents, hacked phones: Israel’s secret war inside Iran

The covert campaign that preceded the Jewish state’s attack also involved spy satellites and smuggled miniaturised weapons systems to ensure a precise first strike.

US Federal Reserve chairman Jerome Powell at a news conference after the rate decision.

Fed cuts outlook for US economy but holds rates

The Federal Reserve sees inflation worsening this year and officials are increasingly split about the direction of further rate cuts.

Ayatollah Ali Khamenei and Donald Trump.

Trump says he ‘may or may not’ strike Iran

The US president is reportedly withholding his final order on any attack, as Iran’s supreme leader made his first public comments on the war with Israel.

Crumbl cookies have taken the internet by storm.

Wall St is going crazy for these oversized, sugary cookies

Biscuit business Crumbl is a viral dessert sensation with more than $1.8 billion in sales. Now private equity is looking for a bite.

Luxury yachts and sail boats moored in Monaco.

How the ultra-rich are changing the political landscape

Two wonderfully detailed books explore the impacts of the widening gap between the super-elites and everyone else.

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Donald Trump in India.

Trump insists he stopped India-Pakistan war despite Modi denial

The US president tried to take credit for a halt in hostilities between India and Pakistan, but Narendra Modi said the United States was not involved.

President Donald Trump speaks with reporters while flying aboard Air Force One en route from Calgary, Canada to Joint Base Andrews in Maryland.

Iran warns US involvement would risk ‘all-out war’

The official’s comment came as Iran and Israel exchanged fire for a sixth day after Donald Trump met his national security team to discuss the escalating conflict.

President Donald Trump spruiks his gold visa card to reporters in April.

Waitlist grows for Trump’s $7.7m golden visa

Nearly 70,000 people have registered for the scheme granting foreigners legal residency in the US if they pay a hefty sum, Commerce Secretary Howard Lutnick said.

Lauren Sánchez and Jeff Bezos will celebrate in style at their $US10 million wedding next month.

Venice locals plan to ruin Jeff Bezos’ $33m dream wedding

The billionaire’s lavish nuptials, set for this month, have raised the hackles of some residents exasperated by their city becoming a playground for the rich.

New York

Trump’s agents arrest New York mayoral candidate at immigration court

Videos show the Democrat being hauled away by federal agents, as tensions continue to run high over Donald Trump’s anti-immigration raids.

Original URL: https://www.afr.com/world