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NY migrant economy wilts under Trump policies

Nader says that the fear caused by President Donald Trump's immigration policies has left the streets of his largely migrant neighbourhood in Queens, New York empty, forcing him to shutter his furniture store. "It's almost dead out here," said Nader, a Palestinian-American who like others in this article declined to give his full name. He described his neighbours' trepidation as having contributed to the worst business in his 35 years in the furniture trade. "I have a lot of customers -- especially from Guatemala -- and nobody is coming to the streets (to) buy furniture," he said, explaining that people fear arrest and deportation. The main square in Corona, Queens was once a bustling meeting point at the heart of the predominantly Hispanic neighbourhood but is now quiet wit...

Fed holds interest rates steady amid economic uncertainty

Insights

  • US Federal Reserve has kept interest rates steady at 4.25 to 4.5 per cent, citing strong economic activity, low unemployment, and persistent inflation.
  • The Fed will slow its balance sheet reduction, cutting Treasury redemptions from $25 billion to $5 billion monthly.
  • Economic uncertainty has increased, and the Fed remains flexible on future adjustments.
US Federal Reserve (Fed) has opted to maintain the target range for the federal funds rate at 4.25 to 4.5 per cent, as economic indicators suggest continued solid expansion despite rising uncertainty.

Israel strikes in Gaza kills 121

Israel on Tuesday unleashed its most intense campaign on the Gaza Strip since a January ceasefire, with rescuers reporting more than 121 people killed, prompting Hamas to accuse Benjamin Netanyahu's government of torpedoing the truce. The strikes were ordered after "Hamas's repeated refusal to release our hostages, as well as its rejection of all of the proposals it has received from US Presidential Envoy Steve Witkoff and the mediators," Netanyahu's office said in a statement. An Israeli official told AFP that the operation "will continue as long as necessary, and will expand beyond air strikes".

Carney rejects US official’s Canada statehood proposal

Canadian Prime Minister Mark Carney has dismissed as "absurd" a recent comment from a senior U.S. official suggesting that Canada should become the 51st state.

Responding to reporters after his swearing-in ceremony, Carney provided a straightforward reaction to U.S. Secretary of State Marco Rubio's statement about Canada's sovereignty.

"That's absurd," Carney said succinctly. "That's all."

Mark Carney wins to replace Trudeau as Canada PM

Canada's Liberal Party overwhelmingly elected Mark Carney as the country's next prime minister Sunday, as the former central banker warned of "dark days" brought on by the United States under President Donald Trump. Carney lost no time taking a defiant stance against a US president he accused of "attacking Canadian workers, families, and businesses."

"We cannot let him succeed," added the 59-year-old, who will take over from outgoing Liberal leader, Prime Minister Justin Trudea...

Canada to name new leader to deal Trump’s trade war

Canada looks set to pick a measured former central banker to deal with the threats that President Donald Trump's tariffs pose against a pillar of Western free trade. Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership vote Sunday.

The opposition Conservatives hoped to make the election about Trudeau, whose popularity declined as food and housing prices ...

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