The Red Sea operation to rescue hostages in Somalia begins

The operation to save more than 1,000 people held hostage in Somalia is under way in Somalia, with the first ship to be deployed, Operation Freedom’s Sentinel, to assist the International Committee of the Red Cross.The ship, which is named after a Red Sea merchant ship, will arrive in the country on Thursday.The mission began […]

Fed ‘shouldn’t do’ ‘unprecedented’ tightening of $4.8 trillion mortgage loan portfolio

The Federal Reserve should not “do” “unpreviously unprecedented” tightening of mortgage-backed securities, Fed officials said on Thursday.The Federal Open Market Committee’s policy makers also said they are “committed to continuing to tighten the mortgage market” and said the central bank’s decision to hold off on tightening the benchmark mortgage-bond benchmark should not affect the Fed’s […]