Will US exit from nuclear deal increase risk of war?

The Intermediate-Range Nuclear Forces (INF) treaty was signed in 1987 by US President Ronald Regan and Soviet leader Mikhail Gorbachev, helping bring an end to the Cold War. The Cuban missile crisis in 1962 brought the United States and Soviet Union to the brink of nuclear war, but Europe became the key nuclear theatre, with…

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Trump Says He’s ‘Not Happy’ About Fed’s Interest Rate Increase

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Federal Reserve Readies Third Interest-Rate Increase of 2018

The Federal Reserve is prepared to raise short-term interest rates by a quarter percentage point after its two-day policy meeting concludes Wednesday, the eighth such move since late 2015. Officials will also present revised projections of future rate moves along with their outlook for inflation, employment and growth. The central bank releases its policy statement…

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Fed Signals Rate Increase Next Month

WASHINGTON—Federal Reserve officials at their last meeting signaled they were likely to raise interest rates next month and expressed more concerns than before that prolonged trade disputes could disrupt economic growth. If the economy performs in line with officials’ expectations, “it would likely soon be appropriate to take another step” in raising the benchmark short-term…

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Trump Asks Saudi Arabia to Increase Oil Production

U.S. President Donald Trump said he asked Saudi Arabia to significantly boost its oil production, ratcheting up pressure on Riyadh to help ease fast-rising crude prices. The intervention comes as global demand is rising, inventories of stored oil are falling and a number of supply disruptions—in Canada, Iran, Libya and Venezuela—have tightened markets. Oil…

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White House Sets Aside Skepticism, Backs Funding Increase for World Bank

WASHINGTON—The Trump administration is backing a $13 billion increase in funding for the World Bank, putting aside its skepticism of the big government-backed institutions that manage the global economy, in part because it wants the World Bank as a counterweight to China’s growing international influence. The change, which will allow the bank to increase lending…

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