India's Modi Hosts Sanctioned Myanmar Leader to Build Relations

Modi met Myanmar's leader, who's been sanctioned, to boost ties. This is the first foreign trip for the Myanmar president since the military takeover. Modi said, "we are eyeing growth." This meeting shows India's effort to build relationships in the region, even with leaders facing international sanctions.

ECB's Schnabel Sees Risk of Unanchored Inflation Views From War

ECB's Schnabel warned that the war in Iran is causing inflation to spread beyond just energy prices. She said, "risk of unanchored inflation expectations rises," meaning people might start expecting prices to keep going up. This makes it harder for the ECB to control things.

Vietnam, Philippines Elevate Ties as They Navigate China Tension

Vietnam and the Philippines just made their relationship a lot stronger, calling it an "enhanced strategic partnership." This move comes as Vietnam's President wraps up a tour focused on regional security, especially with China's growing presence in the area. They're looking for more ways to work together.

Latvian government loses majority in parliament over handling of Ukraine drone incidents

Latvia's Prime Minister Evika Silina lost her majority after the Progressives party pulled support. This happened because the Defence Minister was fired over handling drone incidents. The Progressives said, "The current prime minister does not have nine votes." Now, Latvia might see a new government formed.

California contests for governor, LA mayor head toward primary election with no clear leaders

California's big races are wide open! In the governor's race, Steve Hilton wants Republicans to back him. For LA mayor, Spencer Pratt is shaking things up. Pratt told supporters, "We can't give up on LA." With mail voting underway, a surprise upset is still possible in these key contests.

Fed's Powell warns that politicizing the Fed would cost public trust

Fed's Jerome Powell warned that politicizing the Fed would cost public trust. He said, "The public would lose faith that the central bank will make decisions based only on what's best for all Americans." Powell stressed the importance of protecting democratic institutions like the Fed from political pressure.

Powell Says Fed Credibility Lost If President Can Fire Officials

Powell said the US central bank would lose its credibility if any president could fire Fed officials over policy disagreements. He stressed that this independence is key to a strong and stable economy. This shows how important it is for the Fed to make decisions without political pressure.