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Istanbul mayor's 'insult' trial resumes ahead of elections
Istanbul mayor's 'insult' trial resumes ahead of elections
by  AFP

Istanbul's popular opposition mayor faced new hearings Wednesday in a politically-charged trial that could bar him from seeking office months before next year's general election. Prosecutors have charged the mayor with the crime of "insulting" public officials.

US Fed expected to slow pace of rate hikes as inflation eases
US Fed expected to slow pace of rate hikes as inflation eases
by  AFP

US central bankers open the second day of a key policy meeting Wednesday, with mounting anticipation of a smaller hike to its benchmark lending rate as inflation showed signs of easing. Analysts widely expect the Fed to adopt a smaller, half-point hike on Wednesday, with Ian Shepherdson of Pantheon Macroeconomics calling it a "a done deal" in an analysis.

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