France says US-led Hormuz shipping coalition will complement UK-France mission, not compete

France says US-led Hormuz shipping coalition will complement UK-France mission, not compete

France has clarified its stance on growing international efforts to secure the Strait of Hormuz, saying a newly announced US-led maritime coalition will work alongside — not against — a mission already being developed by France and the United Kingdom. Speaking in Abu Dhabi after a regional diplomatic tour, French Foreign Minister Jean-Noel Barrot explained […]

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US Fed chief says energy shock manageable for now but warns inflation risks could grow

US Fed chief says energy shock manageable for now but warns inflation risks could grow

The head of the US central bank, Jerome Powell, said the economic impact of the recent surge in energy prices appears manageable for now. However, he cautioned that the situation could become more serious if people and businesses begin to expect inflation to stay high for a longer period. Speaking during an event at Harvard […]

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