US banks blame ‘abusive trading practices’ for crisis of confidence
The main lobby group for US banks has appealed for regulators’ help to close the door on the crisis of confidence ripping through shares in a growing number of the country’s lenders. The American Bankers Association (ABA) used a letter to the Securities and Exchange Commission (SEC) to accuse so-called short sellers of bringing otherwise […]
What is Arexvy? US approves first vaccine for RSV after decades of attempts
The US has approved the first vaccine for respiratory syncytial virus (RSV) for people aged 60 and over. On Wednesday the Food and Drug Administration (FDA) approved the use of Arexvy in the country. The vaccine is said to protect older adults against the respiratory virus. Now the Centers for Disease Control and Prevention (CDC) […]
Risk of disruption for air travel at summer holiday peak as US refuses to budge on 5G change
Air travel could be disrupted during the summer holiday peak, according to airlines, after the US refused to budge on a deadline for adding new sensors to planes. The sensors are to ensure 5G wireless technology does not interfere with airplane altimeters, which are instruments used for measuring altitude – particularly crucial for bad-weather landings. […]
US interest rates rise higher despite continued banking turmoil
The Federal Reserve – the US central bank, known as the Fed – has increased interest rates for the 10th time in a row despite the continued worst banking turmoil since the global financial crash. The rate has been increased by 0.25 percentage points again in the Fed’s continued effort to bring down inflation, which […]
Donald Trump defends golf trip amid rape trial: ‘We’re doing very well in New York’
Former US president Donald Trump has told that he flew to his golf course in Ireland instead of attending his civil rape trial in New York because of a “long-standing agreement” to visit. He spoke briefly after arriving at his golf course outside the town of Doonbeg in Co Clare, on Ireland’s west coast. When […]
US rate hike expected despite crisis of confidence after third bank failure
The US central bank is widely expected on Wednesday to raise its main interest rate for the tenth consecutive month in the continuing battle against inflation, despite worries over the impact on bank balance sheets. While higher interest rates are generally good news for bank earnings, the Federal Reserve’s aggressive pace of rate rises in […]
The million dollar streets strewn with bodies contorted by the effects of fentanyl
Bodies are strewn on the doorstep of San Francisco’s main government building, contorted by the effects of fentanyl, a painkiller 100 times more potent than morphine. We’re two streets away from the headquarters of Twitter, in a city district with more billionaires than anywhere on Earth, but this has become an open-air drug market. Trevor […]
“Fentanyl steals your friends”: Pills bought on social media are killing kids in classrooms and in their beds
All over America, families are being broken by fentanyl. Fifty times more powerful than heroin, this deadly drug is more addictive than anything that’s come before. It’s been in circulation in America for a decade, fuelling an unprecedented addiction crisis. A ruthless criminal network stretching back to Mexico, China and beyond, is pushing it into […]
At least six killed and dozens wounded in car crashes during dust storm in Illinois
At least six people have been killed and dozens of other people have been injured following major car crashes caused by a dust storm in southern Illinois, state police said. The multi-vehicle pile-up took place on the I-55 road south of Springfield in central Illinois, police said. The coroner’s office confirmed that at least six […]
Manhunt for gunman who shot dead five neighbors in Texas enters its fourth day
The search for a suspected gunman has entered its fourth day after five neighbors were shot dead in Texas – as a grieving father has recalled the moment his wife and young son were killed. Francisco Oropesa, who is considered to be armed and dangerous, is believed to have fled the rural town of Cleveland […]
