• Business Insider

    The Fed likely won't cut rates until after a recession strikes, research firm says

    The Fed is making a big mistake by not cutting interest rates right now, according to GlobalData TS Lombard.

  • Reuters

    Analysis-Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems

    The success of ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say - and intensify missile arms races. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system. In previous months, interceptors fired from U.S. Navy destroyers stopped Houthi anti-ship ballistic missiles, while in Ukraine, U.S.-made MIM-104 Patriot batteries have shot down advanced Russian Iskander and Khinzal missiles.

  • The Canadian Press

    Progressive Conservatives win both Ontario byelections

    Premier Doug Ford's Progressive Conservative candidates have won both Ontario byelections. Progressive Conservative candidate Zee Hamid is holding a nine percentage point lead on Liberal Galen Naidoo Harris with more than 90 percent of polls reporting in Milton, just west of Mississauga Fellow PC candidate Steve Pinsonneault has drawn 56 per cent of the votes with 90 per cent of the polls reporting in the Tory stronghold of Lambton-Kent-Middlesex. Milton has been vacant since cabinet minister Pa