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Greek Tanker Struck by Missile in Black Sea, Crew Emerges Unharmed

  A Greek‑flagged tanker sailing near the Russian port of Novorossiysk was struck by a missile but remained operational, and all 24 crew members were confirmed safe.   A Greek‑owned and Greek‑flagged tanker sustained material damage after being hit by a missile while sailing approximately 14 nautical miles off the Russian port of Novorossiysk in the Black Sea. According to authorities, the vessel—operated by Maran Gas Maritime—was not carrying cargo at the time of the strike and continued to navigate safely following the incident.  All 24 crew members on board, including ten Greek nationals, thirteen Filipinos, and one Romanian, were reported to be in good health. The impact caused damage to the starboard side of the ship, but no assistance or towing was required. The tanker remained fully operational, and no environmental pollution was reported.  Greek officials have condemned the attack as dangerous and unacceptable, noting that the incident occurred amid height...
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Federal Reserve to Hold Interest Rates Steady Despite Market Anticipation

 

The Federal Reserve is expected to hold on interest rate cuts as they assess the economy and inflation . The policymakers are likely to signal that they expect to wait until they’re confident that inflation, which has tumbled from its peak, is reliably moving to their 2% target. 

The central bank’s benchmark rate influences the cost of most consumer and business loans, and companies, investors, and individuals have been eager for the central bank to ease the cost of borrowing. However, the economy remains healthy and doesn’t appear to need the stimulative benefits of a rate cut, which can spur more borrowing and spending and could even re-ignite inflation. The stock market is near a record high, and the yield on the influential 10-year Treasury note is well below its peak of nearly 5% last fall.

The Federal Reserve will likely move closer Wednesday to cutting its key interest rate after nearly two years of hikes that were intended to fight the worst inflation in decades. Yet it may not provide much of a hint about when — or how fast — it will do so. Most Fed watchers think the central bank’s first rate reduction will occur in May or June.














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