Economists divided on Fed rate hike as inflation creates uncertainty in run-up to US midterm elections in a tense market. United States consumer prices jumped in September in the final inflation report before the midterm elections, increasing chances of an interest rate hike later this month. Annual inflation accelerated to 3.7 percent, up from 3.4…
AI-driven fraud is rising across Africa, with criminals exploiting human behaviour and trust rather than system vulnerabilities, says Thalia Pillay, CEO of Orca Fraud. In an interview with ITWeb Africa editor Samuel Mungadze, Pillay says criminals are deploying increasingly sophisticated AI-powered tactics to circumvent security controls. Artificial intelligence (AI)-driven fraud is on the rise across…
Numerous merchant ships belonging to Iran and other countries remain at anchor in the Strait of Hormuz in Bandar Abbas, Iran, on Sept. 8, 2026. Fatemeh Bahrami | Anadolu | Getty Images Oil rose Wednesday as attacks by Yemen’s Iran-backed Houthis on Saudi Arabia raised concerns over crude flows from the Middle East even as…
Traders work on the floor of the New York Stock Exchange (NYSE) on September 09, 2026 in New York City. Spencer Platt | Getty Images The benchmark 10-year Treasury yield climbed to its highest level since 2007 on Tuesday as a sell-off in U.S. government debt deepened ahead of the Federal Reserve’s interest-rate decision, which…
Crude oil prices popped on Sunday after Saudi Arabia closed its critical pipeline that bypasses the Strait of Hormuz. U.S. West Texas Intermediate futures were up 2.89% to $102.94 per barrel by 12:27 a.m. ET. Brent crude, the international benchmark, traded 2.82% higher to $107.56 per barrel. Drones launched from Iraq damaged the East-West pipeline…
A Boeing 747 (top) belonging to the Iranian Mahan Air airline is photographed at Mehrabad Airport in western Tehran, Iran, on October 16, 2024. Morteza Nikoubazl | Nurphoto | Getty Images The Treasury Department on Tuesday sanctioned 27 Iranian airlines and a handful of other entities as part of its ongoing effort to isolate Iran’s…
Volkswagen employees are taking part in an information and protest event organized by IG Metall in front of the VW plant in Zwickau. Picture Alliance | Picture Alliance | Getty Images Volkswagen shares jumped on Friday after it announced plans to slash a further 50,000 jobs as part of a historic transformation plan amid intensifying…
Satellite images show a valley of the Langtang Lirung mountain peak in Nepal on June 25, 2026, and Aug. 26, 2026, when devastating flooding struck the country. Sabrina Blanchard and Luca Matteucci/AFP/Getty Kathmandu, Nepal — Rescuers pulled out survivors caked in dark brown mud and helicopters lifted stranded people to safety Friday as Nepal and China…
Crude oil prices rose Monday after Iran and the U.S. ruled out an extension of the memorandum of understanding that they signed in June to end the conflict. A senior Iranian official told Reuters, meawhile, that Tehran would shift to offense rather than relying on defense if diplomacy with the U.S. fails. U.S. crude oil…
Tons of aid from regional partners began to roll into Colombia on Wednesday, as the search for survivors in the rubble of a powerful earthquake grew more desperate after the temblor razed buildings, buckled roads and crushed cars. The devastation has tested Colombia’s new president, Abelardo de la Espriella, and his government as it scrambles to respond to the disaster…
