Hamas-led militants killed some 1,200 people, mostly civilians, and abducted 251 people in the 2023 attack. Israel’s retaliatory offensive has killed around 54,000 Palestinians, according to the Gaza Health Ministry. It says more than half the dead are women and children but does not distinguish between civilians and combatants in its count.
If the U.S. government can’t offer as much fiscal support for the economy, that could make the next recession deeper and last longer, according to James Egelhof, chief U.S. economist and other strategists at BNP Paribas. That could put more pressure on the Federal Reserve to prop up the economy by itself through lower interest rates.Other central banks around the world have already begun cutting interest rates.
China’s central bank made its first cut to its loan prime rates in seven months in a move welcomed by investors eager for more stimulus as the world’s second-largest economy feels the pinch of Trump’s higher tariffs. Tuesday’s cuts probably won’t be the last this year, Zichun Huang of Capital Economics said in a report.reduced its benchmark interest rate by a quarter of percentage point for a second time this year, to 3.85%, judging inflation to be within its target range. The earlier reduction, in February, was Australia’s first rate cut since October 2020.Following the cuts, stock indexes rose across much of the world. Hong Kong’s Hang Seng jumped 1.5% for one of the bigger gains.
the world’s largest maker of electric batteries, jumped 16.4% in its Hong Kong trading debut after it raised about $4.6 billion in the world’s largest IPO this year. Its shares traded in Shenzhen, mainland China’s smaller stock market after Shanghai, gained 1.2% after dipping earlier in the day.AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
MELBOURNE, Australia (AP) — Masters champion Rory McIlroy is heading Down Under for the first time in more than a decade to play the Australian Open on Melbourne’s famed sandbelt courses for the next two years.
Golf Australia said Wednesday that McIlroy, who completed hisSleep, he says, is sometimes impossible, as he worries about the large family he supports in Haiti and whether his work permit will be canceled. On the kitchen counter are stacks of receipts for the money transfers he’s sent back home.
Haitian immigrant Idaneau Mintor, a meat plant worker, stands at the doorway of his one-bedroom apartment he shares with a fellow Haitian, April 15, 2025, in Dumas, Texas. (AP Photo/Eric Gay)Haitian immigrant Idaneau Mintor, a meat plant worker, stands at the doorway of his one-bedroom apartment he shares with a fellow Haitian, April 15, 2025, in Dumas, Texas. (AP Photo/Eric Gay)
Haitian immigrant Idaneau Mintor, a meat plant worker, stands in the doorway of his one-bedroom apartment he shares with a fellow Haitian, April 15, 2025, in Dumas, Texas. (AP Photo/Eric Gay)Haitian immigrant Idaneau Mintor, a meat plant worker, stands in the doorway of his one-bedroom apartment he shares with a fellow Haitian, April 15, 2025, in Dumas, Texas. (AP Photo/Eric Gay)