The World in Brief from The Economist

The Federal Reserve raised its benchmark interest rate by 0.25 percentage points, to 3.75-4%—the American central bank’s first increase since July 2023.

Ursula von der Leyen, the European Commission’s president, invited Canada to become the first associate member of the European Union. Also, the yield on American ten-year Treasuries hit its highest since 2007, at one point reaching 5.04%, in part because investors expect an interest-rate rise on Wednesday.

The yield on American ten-year Treasuries hit its highest since 2007 on Tuesday, briefly reaching 5.04%.

The yield on American ten-year Treasuries hit its highest since 2007 on Tuesday, briefly reaching 5.04%; The war in Iran has cost America $38bn so far, according to an estimate from the Congressional Budget Office

America’s Supreme Court rejected Donald Trump’s attempt to restrict mail-in voting ahead of November’s midterm elections. Also, the yield on American ten-year Treasuries hit its highest level since 2007 on Tuesday, reaching 5.04%.

The yield on American ten-year Treasuries briefly exceeded 5%, the highest since 2023.

The yield on American ten-year Treasuries briefly exceeded 5%, the highest since 2023; Donald Trump rejected calls for greater regulation of artificial intelligence, saying America’s government had “tremendous” control over the leading AI labs

Donald Trump dismissed warnings about the dangers of artificial intelligence, saying critics were raising risks that “won’t happen”. Also, a Russian drone hit a train line in Ukraine shortly after top Western officials travelled through the area.