Economy

Trump threatens to fire Fed Chair Powell if he doesn’t step down by May 15

In a Fox Business interview, Trump says he will fire Powell if he does not vacate his board seat when his term ends.

The verdict could cost Live Nation and Ticketmaster hundreds of millions of dollars.

The weaponisation of logistics has caused severe shortage of fuel, food and medicines piling misery on Palestinians.

Iran demands compensation for war damages caused by US and Israeli attacks on critical infrastructure.

US Central Command say more than 10,000 armed forces members, as well as warships and planes, are involved in blockade.

Warsh’s financial disclosures will almost certainly be a focus of his upcoming confirmation hearing next week.

Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.

The IEA’s oil ‘demand destruction’ report comes after its chief said unnamed countries are hoarding stocks.

Chinese-owned tanker Rich Starry becomes the first sanctioned vessel to exit the Gulf after the US blockade.

Relief for global markets comes after Trump says Iranian officials are keen on a deal.