The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it continued to battle the worst outbreak of inflation in 40 years, but signaled future increases in borrowing costs could be made in smaller steps to account for the "cumulative tightening of monetary policy" it has enacted so far.
- WorldParties to war in Ethiopia's Tigray region agree to stop fighting
The Ethiopian government and regional forces from Tigray agreed on Wednesday to cease hostilities, a dramatic diplomatic breakthrough two years into a war that has killed thousands, displaced millions and left hundreds of thousands facing .
- WorldAnalysis: Arabs view revived Netanyahu with concern but as balance against Iran
Benjamin Netanyahu's likely return to power will fuel concern about deepening tensions with Arab neighbours, but Gulf states which forged ties with Israel under his leadership will see him as a regional balance against Iranian power.
- WorldU.S. wants to oust Iran from U.N. women's body
The United States will try to remove Iran from the 45-member U.N. Commission on the Status of Women (CSW) over the government's denial of women's rights and brutal crackdown on protests, U.S. Vice President Kamala Harris said on Wednesday.