KGHM CEO Seeks Mine Investments in Europe, Morocco to Secure Supply and Cut Costs

New York Fed President Reaffirmed Stance of Holding Rates Steady, but Warned That a Prolonged War Could Simultaneously Push Up Inflation and Weigh on Economic Growth.Williams, President of the Federal Reserve Bank of New York and often referred to as the "third-ranking official" at the US Fed, said Thursday that the current monetary policy stance was "well positioned" to handle the risk of a sustained supply shock that could arise from the war in the Middle East. He warned that the conflict could push up inflation while suppressing economic activity, creating a dual pressure.

Pakistan's Foreign Ministry spokesperson Andrabi stated that the date for the next round of US-Iran talks had not yet been determined. Andrabi said that Pakistan was playing an important role between the US and Iran. Pakistan's efforts led to the successful conclusion of a ceasefire agreement between the US and Iran, and it was hoped that Lebanon and the region would return to peace.