US inflation unexpectedly increased to 3% in January, surpassing economists’ expectations of 2.9%, driven by higher egg and energy prices. The rise poses a challenge to President Trump’s inflation-fighting campaign promises, especially as tariffs on imports risk pushing prices even higher. The Federal Reserve’s decision to hold interest rates unchanged reflects concerns over the uncertain economic outlook amid persistent inflation above the bank’s 2% target.
Full Article
One dead in stabbing in French city of Mulhouse
One person was killed and three police officers were injured in a knife attack in Mulhouse, France. A 37-year-old Algerian man, who shouted "Allahu Akbar", was arrested at the scene and a terrorist inquiry has been opened. The suspect, on a terrorism watch list and subject to a deportation order, seriously injured two officers and killed a 69-year-old Portuguese man who intervened. President Macron labeled it an Islamist terrorist attack, expressing condolences and vowing to...
Read more