The Fed must adjust interest rates and other policy levers to achieve its twin goals of low and stable inflation and full employment. In the case of OPEC nations and their band of friends, ministers have to judge the production needed to balance global supply and demand. Faced with such uncertainty, the committee overseeing the OPEC+ reductions suggested last week that the group should abandon a planned April meeting where they could have decided whether to extend the deal.
The US public and Washington's deeply divided political class on Sunday faced another day of anxiously waiting to learn if the key findings of the Russian meddling probe will implicate President Donald Trump in serious wrongdoing. Special Counsel Robert Mueller submitted the confidential final report on his 22-month investigation Friday and Attorney General Bill Barr has been studying the document, which he must summarize for Congress. The Justice Department had told legislators that Barr would not be sending an outline of its "principal conclusions" -- expected over the weekend -- on Saturday, according to US media.
Ahead of fresh high-level trade talks this week, China is not conceding to U.S. demands to ease curbs on technology companies, the Financial Times reported on Sunday, citing three people briefed on the discussions. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are scheduled to travel to Beijing for talks starting on March 28, the White House said on Saturday. The FT report said Beijing had yet to offer "meaningful concessions" to U.S. requests for China to stop discriminating against foreign cloud computing providers, to reduce limits on overseas data transfers and to relax a requirement for companies to store data locally.
Premier Gladys Berejiklian was on track to form government, and a win for the Labor opposition was looking “nearly impossible” Sky said about two hours after polls closed in Australia’s largest state. It will be welcomed by Berejiklian’s Liberal-National colleagues in Scott Morrison’s coalition government.
Four years after Saudi Arabia led a military intervention in Yemen to back the government against rebels, the only hope for peace in a country threatened by famine hangs on a fragile truce. Despite the Saudis entering the conflict on March 26, 2015 with a coalition composed of nine countries from the Middle East and Africa, Yemen's internationally-recognised government has failed to defeat the Huthi. The Iran-aligned rebels continue to control much of northern Yemen, including the capital Sanaa.
The US-mediated 1979 treaty between Egypt and Israel may only have resulted in a "cold peace" but their ties have survived four decades in a turbulent region, analysts say. The watershed treaty brought together late Egyptian president Anwar Sadat and Israeli premier Menachem Begin for a March 26, 1979 signing ceremony in Washington as a beaming Jimmy Carter, then-US president, looked on. The peace deal, the first ever between Israel and an Arab state, and which cost Sadat his life at the hands of an Islamist extremist, has kept Cairo out of any armed conflict with its neighbour.
The junta chief, Prayuth Chan-Ocha, is backed by the royalist and military elite who have long dueled for power with exiled former leader Thaksin Shinawatra. Thaksin or his allies, who draw support from the rural poor, have won every election since 2001, only to be unseated by coups or the courts. Late Saturday, Thailand’s King Maha Vajiralongkorn released a rare statement that in effect asked citizens to back "good people" for government in the interests of national stability.
Forty years ago Egypt and Israel signed the first ever peace treaty between the Jewish state and an Arab nation, upturning Middle East diplomatic and military relations. The March 26, 1979 Egypt–Israel Peace Treaty sealed accords which had been settled the previous year at a groundbreaking summit at Camp David, near Washington, between Egypt's President Anwar Sadat and Israeli Prime Minister Menachem Begin.
The days ahead bring readings on the U.S. housing market and consumer confidence, which may help investors gauge the Fed’s next step after policy makers unexpectedly scaled back projected rate hikes this year to zero. “The Fed’s actions and commentary have given investors the impression that they know something that the rest of the market doesn’t know about the future of the economy,” said Kevin Giddis, head of fixed income at Raymond James in Memphis, Tennessee. Bond investors seem to be leaning in that direction, even as the labor market is the tightest in decades.
As South Africans experience a second week of blackouts, new routines are setting in. Telecom reporter Loni Prinsloo has been cooking morning and evening meals on a grill in the yard. Others, like Cape Town-based editor John Viljoen, are especially glad to have gas cooktops.
Prime Minister Theresa May is making a last-ditch bid this weekend to win support among British MPs for her EU divorce deal ahead of another pivotal week in the Brexit process -- but faced reports her leadership is under imminent threat. After securing a short delay to Britain's departure from the European Union beyond March, May appealed directly to lawmakers to contact her "over the coming days as parliament prepares to take a momentous decision". Next week could see MPs vote for a third time on her unpopular withdrawal agreement -- though May said in her letter this would only happen if there were signs of "sufficient support".
China has been stepping up a push to counter growing criticism in the West and among rights groups about a controversial de-radicalization program in heavily Muslim Xinjiang, which borders Central Asia. Critics say China is operating internment camps for Uighurs and other Muslim peoples who live in Xinjiang, though the government calls them vocational training centers and says it has a genuine need to prevent extremist thinking and violence. China's foreign ministry said late last week it would invite Beijing-based European diplomats to visit soon.
Rescue workers off Norway's western coast rushed to evacuate 1,300 passengers and crew from a disabled cruise ship by helicopter on Saturday, winching them one-by-one to safety as heaving waves tossed the ship from side to side and high winds battered the operation. The Viking Sky issued a mayday call as bad weather hit and engine problems caused it to start drifting toward the rocky shore, the Norwegian newspaper VG reported. Police in the western county of Moere og Romsdal said the crew, fearing the ship would run aground, managed to anchor in Hustadvika Bay, between the Norwegian cities of Alesund and Trondheim, so the evacuations could take place.