Former Federal Reserve Chairman Alan Greenspan dies at 100
WASHINGTON (AP) – Former U.S. Federal Reserve Chair Alan Greenspan has died at the age of 100. He died on Monday from complications of Parkinson’s Disease. That’s according to his wife of 29 years, NBC News correspondent Andrea Mitchell. In his 18½ years at the helm of the Fed, Greenspan presided over a sustained era of American growth and prosperity, yet one that ended with devastating consequences in 2008, two years after he had left the central bank. Greenspan was so respected during his many years as head of the world’s most influential central bank that by the time he stepped down in 2006, he was widely celebrated as the “Oracle” and “Maestro.”
Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
WASHINGTON (AP) – The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. New chair Kevin Warsh has begun to reverse some of those steps because he believes that by signaling its intentions the Fed pigeonholes itself into a position on interest rates. Yet such an approach carries the risk of more violent swings in stock and bond prices, analysts say, and ultimately higher interest rates for consumers and businesses.
Starmer says he’ll resign as UK prime minister, roiling British politics yet again
LONDON (AP) – British Prime Minister Keir Starmer has announced his resignation, forced out by his party after losing voter support. He will remain as caretaker until Labour chooses a new leader. Former Manchester Mayor Andy Burnham confirmed on social media that he will put himself forward to succeed Starmer. Burnham’s recent victory in a special parliamentary election prompted Starmer’s decision. He has struggled with economic promises and faced criticism for appointing scandal-linked figures. Despite domestic challenges, Starmer gained international praise for supporting Ukraine. U.S. President Donald Trump criticized his handling of immigration and energy policy. Starmer’s resignation comes as Britain marks the 10th anniversary of its Brexit vote.
What to know about the legacy of Brexit, which still divides Britain 10 years on
LONDON (AP) – U.K. voters chose to leave the European Union in a referendum that 10 years on still forges political identities. It was a vote that shattered a half-century project to get closer to the continent. Brexit, short for British exit, became a reality on June 23, 2016, when 52% – or more than 17 million people – voted to leave the bloc. Though the margin may have been narrow, the vote led to the most dramatic shake-up of the U.K. economy and society since World War II. But like any divorce, the paperwork and process of completing the breakup was not swift: It took nearly five years.
Keir Starmer went from election landslide to downfall after his supporters deserted him
LONDON (AP) – Keir Starmer was elected Britain’s prime minister in 2024 to be a safe pair of hands who would end years of political chaos under the Conservatives. His term ended less than two years later after missteps, party infighting and one colossal error of judgment that indirectly ensnared him in the scandals surrounding Jeffrey Epstein. Starmer never met Epstein, nor was he complicit in his sexual crimes. What cost Starmer his job was appointing Peter Mandelson to be the U.K.’s ambassador to the U.S. In 2003, Mandelson called himself Epstein’s “best pal.” The final blow came after Labour’s poor performance in local elections in May.
Watch Duty, the fire tracking app used by millions, expands to help monitor dangerous floods
Watch Duty, a free cellphone app that tracks fires, became a vital tool for millions during the 2025 LA fires. The nonprofit app will now monitor flooding across all 50 states, expanding as climate change increases extreme weather events. The app collects data from various sources, including satellites and radio scanners, and uses AI to filter information. Users rely on its color-coded maps and live feeds for real-time updates. Founder John Mills created Watch Duty after failing to receive alerts during fires near his home. While Watch Duty is helpful, experts stress the importance of multiple alert systems and emergency preparedness.
‘Toy Story 5’ rakes in the biggest box-office debut of the year with a franchise-best $160 million
NEW YORK (AP) – “Toy Story” still has a friend in moviegoers. The fifth installment in the Pixar series debuted with $160 million in domestic ticket sales, according to studio estimates Sunday. That easily set a new franchise record and notches the biggest opening weekend of the year. Launching 31 years after the original “Toy Story” first landed in theaters, “Toy Story 5” far surpassed the previous series-best debut of $120 million for “Toy Story 4” in 2019. Internationally, it was just as successful, with $152 million in opening-weekend sales, for a worldwide haul of $312 million. Steven Spielberg’s “Disclosure Day” slipped to second place with $17 million in its second weekend.
Australia and Canada sign a $1.75B deal to build long-range radar in Canada
MELBOURNE, Australia (AP) – Australia and Canada have signed a $1.75 billion export agreement to build an Australian-designed long-range radar system in Canada. Australian Defense Minister Richard Marles and Canadian Secretary of State (Defense Procurement) Stephen Fuhr on Monday signed the first phase of a pact to provide early warning radar coverage from the Canada-United States border into the Arctic. Canadian Prime Minister Mark Carney announced he’d chosen Australia’s radar system over comparable U.S. technology shortly after he came to power last year. Marles told reporters the deal adds a strategic dimension to the bilateral relationship.
Germany plans to take 40% in Leopard tank maker KNDS, joining France as stakeholder
BERLIN (AP) – The German government says it intends to take a 40% stake in defense contractor KNDS, whose products include Leopard and Leclerc tanks, as it tries to strengthen European production along with NATO ally France. The French state already has a 50% stake in KNDS, which was formed in 2015 with the merger of Germany’s Krauss-Maffei Wegmann and France’s Nexter. The other half is held by the German family behind Krauss-Maffei Wegmann. European countries are moving to ramp up their defense spending and production and boost their military ranks as they contend with Russia’s war in Ukraine and concerns about the United States’ unpredictability.
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