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The World in Brief from The Economist
Fed cuts interest rates; Nvidia’s market cap hits $5trn, and more
Ep. 20251030
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America’s central bank lowered its benchmark interest rate by a quarter point, its second consecutive cut, to between 3.75% and 4%.
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Iran’s leaders reach out to Trump; prosecutors launch investigation into Fed chair, and more
10:02|The dollar suffered its worst decline since December, falling by 0.4% as markets reacted to the Trump administration’s latest attack on America’s central bank20260112. Prosecutors launch investigation into Fed chair; Iran threatens retaliation if America strikes, and more
03:19||Ep. 20260112America’s Justice Department opened a criminal investigation into Jerome Powell, the chairman of the Federal Reserve.Iran threatens retaliation if America strikes; more federal gents coming to Minneapolis, and more
09:46|Iran threatens retaliation if America strikes; more federal gents coming to Minneapolis, and moreIran’s army vows to protect public property; demonstrators march in Minneapolis, and more
10:27|Elon Musk hit back at critics of his social-media platform X, saying they are looking for “any excuse for censorship” after the site’s AI tool, Grok, sparked outrage for allowing users to generate sexualised images of people without their consent (including children)20260111. Demonstrators march in Minneapolis; Iran’s army vows to protect property, and more
03:01||Ep. 20260111Elon Musk hit back at critics of his social-media platform X, saying they are looking for “any excuse for censorship” after the site’s AI tool, Grok, sparked outrage for allowing users to generate sexualised images of people without their consent (including children)Iran’s army vows to protect property; demonstrators march in Minneapolis, and more
09:34|Elon Musk hit back at critics of his social-media platform X, saying they are looking for “any excuse for censorship” after the site’s AI tool, Grok, sparked outrage for allowing users to generate sexualised images of people without their consent (including children)Trump blamed for Iran protests; Minneapolis footage emerges, and more
15:16|Meeting oil executives at the White House, Mr Trump said that he expects majors to spend at least $100bn in Venezuela.20260110. EU approves Mercosur deal; protests rock Iran, and more
03:39||Ep. 20260110Meeting oil executives at the White House, Donald Trump said that he expects the firms to spend at least $100bn in VenezuelaEU approves Mercosur deal; Iran rocked by protests, and more
15:01|After 25 years of negotiations, a qualified majority of EU countries backed a trade deal with Mercosur, a South American bloc, to create a common market of over 700m people.