Global central bankers defend Fed Chair Jerome Powell

U.S. Federal Reserve Chair Jerome Powell speaks during a video message in which he states that U.S. President Donald Trump’s administration has threatened him with a criminal indictment related to the Federal headquarters renovation, in this screengrab obtained from a video released on January 11, 2026. U.s. Federal Reserve | Via Reuters Global central bankers…

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Defense stocks rise as Trump calls for military spending hike

Global defense stocks rallied on Thursday, extending gains after U.S. President Donald Trump called for a $1.5 trillion defense budget in 2027. “After the long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our…

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UK inflation cools to 3.2 in November

Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Henry Nicholls | Afp | Getty Images The U.K.’s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on…

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