'Transitory' is back as the Fed doesn't expect tariffs to have long-lasting inflation impacts

Hundreds of protesters gathered outside the Bell Hotel in Epping to oppose its use as accommodation for asylum seekers, clashing with police but resulting in only one arrest. The Home Office confirmed that the asylum seekers would not be moved, amidst speculation of relocating some to the Britannia Hotel in Canary Wharf, which also faced protests. Want More Context? 🔎

Agence France-Presse urged Israel to facilitate the evacuation of its freelance contributors and their families from Gaza due to deteriorating living conditions amid an ongoing conflict. Citing increased risks to safety and hunger, AFP highlighted the urgent need for safe passage for its local team, while Reuters expressed deep concern for its freelancers' health and safety in the besieged region. Want More Context? 🔎

President Trump has proposed eliminating the federal capital gains tax on home sales, supporting legislation by Rep. Marjorie Taylor Greene, who argues it burdens homeowners, especially seniors. While this move could increase housing inventory, critics warn it may primarily benefit wealthier individuals and exacerbate affordability issues. Want More Context? 🔎

Israel's blockade has led to a severe malnutrition crisis in Gaza, resulting in widespread hunger and the deaths of children from malnutrition. Aid workers are experiencing exhaustion, and hospitals are overwhelmed as the humanitarian situation continues to deteriorate. Want More Context? 🔎

About the AuthorSwati DeshpandeSwati Deshpande is a Senior Editor at The Times of India, specializing in legal reporting for over ten years. Committed to educating the public about their legal rights, she diligently clarifies complex legal matters ranging from civil disputes to criminal cases.Read More Want More Context? 🔎

Farmers near Dannevirke discovered 65 calves had been stolen from their paddock after the gate lock was cut. The hand-reared, 12-week-old dairy calves, valued at approximately $65,000, were taken overnight, highlighting a significant loss for the farmers, Jennifer and Ben Corbin. Want More Context? 🔎