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Lorie Logan, president and chief executive officer of the Federal Reserve Bank of Dallas, during a research conference at the Federal Reserve Bank of Dallas in Dallas, Texas, US, on Friday, Oct. 31, 2025.Desiree Rios | Bloomberg | Getty ImagesDallas Federal Reserve President Lorie Logan, asserting that this week’s good inflation news wasn’t good enough, called Thursday for “modestly” higher interest rates to win a battle the central bank has been losing for the past five years.A voting member this year on the rate-setting Federal Open Market Committee, Logan insisted that inflation is still a major problem for U.S. households…
By Jarrett Renshaw and Jacob Bogage CARLISLE, Pennsylvania, July 15 (Reuters) – President Donald Trump urged top defense executives on Wednesday to accelerate weapons production and expand manufacturing capacity as wars in Ukraine and the Middle East strain U.S. stockpiles and expose bottlenecks in the nation’s industrial base. Speaking at Pennsylvania Senator Dave McCormick’s Defense and Innovation Summit, Trump exhorted armsmakers, “We have the best quality in the world, but we need a little more speed.” Trump’s appearance underscored a broader focus by the administration on defense production as prolonged conflicts have consumed large quantities of missiles, interceptors and other weapons,…
Most of the gas in the Universe is a mixture of hydrogen and helium. It’s thought that the initial atmospheres of most planets also start out that way. However, over billions of years, as planets evolve, the composition of their atmospheres may shift. Hydrogen can react with other chemicals, and both it and helium can be lost to space. Venus, Earth, and Mars are thought to have second atmospheres, with their original hydrogen/helium envelopes having been lost and/or transformed. The dynamics of loss are complicated. Lighter elements are lost more easily, but hydrogen can be protected by being incorporated into…
US President Donald Trump speaks at the Pennsylvania Defense and Innovation Summit at the US Army War College in Carlisle, Pennsylvania, on July 15, 2026. Saul Loeb | AFP | Getty ImagesPresident Donald Trump has signaled he plans to raise alleged issues with U.S. elections during a primetime address to the nation set for Thursday at 9 p.m. ET.It would hardly be his first time doing so. Trump has continuously claimed to be the victim of a “rigged” and “stolen” election since his loss to former President Joe Biden nearly six years earlier, and he has made similar claims about…
Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest — delivered directly to your inbox.Greece is blocking a new round of EU sanctions against Russian gas to protect Dynagas, the shipping company belonging to Greek tycoon George Prokopiou that has specialised in transporting Russian cargoes from a liquefied natural gas plant in the Arctic region.Athens’ ambassador to the EU told fellow national envoys on Wednesday that the planned sanctions, which would ban the transport of Russian LNG to third countries, would “ruin” Dynagas, according to two people briefed on his remarks. Two more people…
Two different reads on the housing market released Thursday point to the same problem, one that appears to be getting worse. Housing is just too expensive — to own and to build. Pending home sales in June, a measure of signed contracts on existing homes, fell 5.4% from May, according to the National Association of Realtors. Sales were down 0.3% from June 2025 and were well below analysts’ expectations.This read is based on people out shopping for homes in June and making the decision to sign a deal, so it is the most timely measure on the state of the…
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“There are signs the plans have advanced considerably since the 2023 conference,” the reporters wrote in the story published last week. Indeed, the escalation ladder describes some things that are already happening. “I do think we are a couple rungs up that ladder,” Galbreath said. “The fact that they are choosing to head down the path of military options here, I think, speaks volumes about where they think we are in our relative competition with one another.” Chinese media have reported that engineers developed a powerful ground-based microwave weapon that could threaten satellites in LEO, including Starlinks. Russia has technology…
London Mayor Sir Sadiq Khan is one of 26 new peers to be given seats in the House of Lords in one of Sir Keir Starmer’s last acts as prime minister.Sir Sadiq has been nominated to become a Labour Lord alongside 15 others, including broadcaster June Sarpong and former union chief Christina McAnea.The government has also announced five new peers from the Liberal Democrats, three from the Conservatives and two cross-bench members, the former cabinet secretary Sir Chris Wormald and Sir Brian Leveson, a retired senior judge.Downing Street published a list of the nominations, external and said the King “has…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The former chief executive of Italy’s largest toll road operator was sentenced to 12 years in prison on Thursday for his role in the devastating Genoa bridge collapse that killed 43 people eight years ago. The conviction of Giovanni Castellucci, former boss of Autostrade per l’Italia (Aspi), for manslaughter and negligence marks the end of a four-year criminal trial with 57 defendants, as prosecutors sought to hold to account those responsible for the collapse of Morandi Bridge in August 2018. Of the other…