U.S. Fed cuts interest rate by 25 basis points
The U.S. Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 3.5 to 3.75 percent, marking its third rate cut this year.
The latest move was widely anticipated, making it the third rate cut in a row since the Federal Open Market Committee monetary policy meeting in September.
"Uncertainty about the economic outlook remains elevated. The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment rose in recent months," the Fed said in a statement.
EU seals deal on 2040 climate target to cut emissions by 90 pct
European Union (EU) negotiators agreed late on Tuesday to a binding 2040 climate target to cut net greenhouse gas emissions by 90 percent compared to 1990 levels, a European Parliament press release said.
Lawmakers from the European Parliament and EU member states reached a provisional political deal to amend the EU Climate Law and set a new intermediate target between the bloc's existing 2030 and 2050 climate goals, according to the statement.
Trump says U.S. seizes oil tanker off coast of Venezuela
The U.S. military has intercepted and taken control of an oil tanker off the coast of Venezuela, U.S. President Donald Trump said on Wednesday.
"As you probably know, we've just seized a tanker on the coast of Venezuela, a large tanker, very large. Largest one ever seized, actually," Trump said at a White House event.
U.S. forces carried out a "judicial enforcement action on a stateless vessel" that was last docked in Venezuela, according to a Bloomberg report, citing a senior U.S. official.
9 Cambodian civilians died in border fighting
Nine Cambodian civilians had been killed as of 12:00 p.m. and 46 others wounded in the ongoing Cambodia-Thailand border conflict, Cambodian Minister of Information Neth Pheaktra said on Wednesday.
He said in a Facebook post that more than 127,000 Cambodian people have fled their homes near the border with Thailand for safe shelters.■
