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US treasury department demands retraction of story on increased oversight of Federal Reserve

Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’ The US treasury department demanded on Friday that the Financial Times (FT) retract a report on treasury secretary Scott Bessent’s views on the Federal Reserve, accusing the newspaper of publishing “false claims” in a formal complaint escalated to the outlet’s parent company, Nikkei Inc.The email from treasury officials, addressed to senior editors at the FT and Nikkei, disputed multiple claims in the story and criticized the headline as misrepresenting the underlying reporting. Continue reading...

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Sugar high(st): more than twelve tons of KitKat’s ‘new chocolate range’ stolen in Italy

Thieves made a break for 413,793 units of the company’s new F1 line bars which could cause shortage before EasterA large shipment of KitKat candy bars was stolen while in transit to distributors, a major candy crime right before the Easter holiday that could cause shortages for customers.The truck carrying 413,793 units of a “new chocolate range”, about 12 tons of chocolate bars, was pilfered while driving through Europe on 26 March, Agence France-Presse reported. Continue reading...

Third No Kings protests to see millions across US push back on Trump administration

Anti-authoritarian rallies, taking place in all 50 states plus 16 countries, are expected to be biggest in US historyNo Kings protests – liveMillions of Americans are expected to take to the streets on Saturday for the No Kings protests against the Trump administration. More than 3,000 events are planned in all 50 states, plus in 16 countries, according to a coalition of organizers that includes “anti-authoritarian” groups Indivisible and 50501, labor unions and other grassroots organizations.“I would expect March 28 to be the biggest protest in American history,” said Ezra Levin, co-founder of Indivisible. Continue reading...

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‘No kings, just vaccines!’: demonstrators gather at NIH headquarters to protest against cuts to medical research

Protesters decried Trump administration healthcare policies and direction of HHS under leadership of RFK JrAs tens of thousands of people assembled across the US and around the world for No Kings protests, about a thousand people gathered outside the National Institutes of Health (NIH) in Bethesda, Maryland, on Saturday morning to protest cuts to medical research and the Trump’s administration’s policies on health.The rally follows a tumultuous year for the research agency, with devastating cuts to multi-year funding and outright terminations of grants, especially to research related to gender and race. The White House is now poised to cut the NIH’s budget by 20%, according to reporting by Roll Call on Friday, nearly one year after mass layoffs at health agencies. Continue reading...

2 India-Bound LPG Tankers Cross Strait Of Hormuz

The US-Israeli war against Iran has all but halted shipping through the strait, but Iran said this week that "non-hostile vessels" may transit the waterway if they coordinate with Iranian authorities.