• BBC

    Ukraine war: Kyiv uses longer-range US missiles for first time

    Missiles secretly delivered this month have been used to strike Russian targets in Crimea, US media say.

  • Reuters

    Confounding US economic, inflation data muddy Fed's rate path

    The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and households pushed into default through a broad credit crackdown. Instead, the Fed is wrestling with an economy that has sloughed off tight monetary policy to such a degree that U.S. central bank officials are without a clear view of what to expect and divided over issues like productivity, the economy's underlying potential, and even whether the current policy interest rate is as restrictive as imagined when they called off further hikes. A recently updated Fed index of overall financial conditions showed there was virtually no impact on economic growth right now from the central bank's monetary policy or the broader credit conditions it is intended to influence.

  • The Guardian

    SNP ends power-sharing deal with Scottish Greens over climate strategy

    Cabinet votes to leave historic Bute House agreement after government abandons emissions target