The Supreme Court may have reaffirmed the U.S. Federal Reserve’s independence, but in a pair of rulings also left the central bank isolated as possibly the last agency able to wield executive power based on expertise free of the threat of its officials being fired by the president.
Legal experts said the FTC ruling dealt a crippling blow to the so-called “administrative state.”
The U.S. Supreme Court is due to rule on whether to let President Donald Trump restrict birthright citizenship in the United States — one of the top priorities in his crackdown on immigration — in a case involving a right that had long been woven into the fabric of American society.
A special midyear edition of Morning Bid looks back on a wild first half of 2026, plus a look ahead.
The yen’s break through a long-defended 162-per-dollar level to its weakest in four decades has reinforced expectations Japan may tolerate more yen weakness, with 165 increasingly viewed as the next line in the sand for official intervention.
NATO is adjusting to a shifting security landscape and the United States is not seeking to leave the alliance, Turkish Defence Minister Yasar Guler told Reuters ahead of a NATO summit in Ankara next week.
Political pressure on the Bank of Japan to slow its interest rate hikes is growing amid a push by Sanae Takaichi’s government to restore dovish policymakers to the bank.
After nearly four decades in Britain, Ali Haydor says there are now days when he wishes he could hide his brown skin.
Workers stayed home, shops were shut and buses sat idle across South Africa on Tuesday, as fears mounted that planned anti-immigrant marches would descend into violence.
Germany should end a boycott of Russian oil and gas to bolster its flagging economy, the leader of the far-right Alternative for Germany, Alice Weidel, told Reuters as she outlined the party’s ambitions to lead a national government.