Welcome to the latest edition of WION World Is One, bringing you the top international headlines from around the globe.

Iran has warned of a wider West Asia conflict if the United States proceeds with military action, issuing the warning ahead of the Israeli Prime Minister's visit to Washington amid escalating regional tensions.

Ukrainian President Volodymyr Zelenskyy has accused Russia of providing satellite intelligence to Iran to support attacks on U.S. military bases and Gulf facilities, adding another dimension to the ongoing geopolitical crisis.

India's Ministry of External Affairs has issued a fresh advisory urging Indian nationals to carefully assess the security situation before accepting jobs on commercial vessels operating in or transiting through the Black Sea, citing rising security risks linked to ongoing conflicts.


Iran Warns of Wider West Asia War | Zelenskyy Accuses Russia | India Issues Black Sea Advisory 

Stay updated with the latest global headlines. This edition covers fresh US strikes on Iran, Donald Trump's remarks on diplomacy and election security, Ukraine's political crisis, PM Narendra Modi flagging off India's first hydrogen-powered train, devastating wildfires in France and Spain, Tesla's recall, Google's Gemini AI delay, Brazil's tariff dispute, Netflix earnings, and much more.

US launches fresh Iran strikes | Trump, Ukraine, PM Modi's hydrogen train, wildfires & global news 

Alan Greenspan’s reign coincided with the so-called Great Moderation, a period of stability from the mid-1980s until 2007 that was marked by low inflation, stock market gains and strong economic growth. His tenure also witnessed crises, like the 1987 stock market crash and the dot-com burst.

Alan Greenspan, architect of modern US economy and Fed chair under 4 presidents, dies at 100

The Federal Reserve is widely expected to leave monetary policy unchanged at its meeting in the coming week.

Those bets come in an environment where the economy continues to grow, albeit with intensifying risks, and transportation fuel costs are pushing inflation higher.

Fed Cut Bets Remain More Likely Than Hikes

The US Federal Reserve’s latest dot plot signals just one rate cut ahead, defying calls from Donald Trump for an immediate and aggressive reduction. The cautious stance reflects the Fed’s ongoing concerns over inflation and economic stability, even as political pressure mounts.

Markets reacted to the outlook with mixed signals, as investors recalibrate expectations around interest rates, borrowing costs, and economic growth. The decision underscores the central bank’s commitment to data-driven policy amid uncertainty in the US and global economy.


US Central Banks Dot Plot Unfolds One Cut, Fed Defies Trump's Call for an Immediate Rate Cut Again

US President Donald Trump nominated Kevin Warsh to be the next US central bank chief.

US President Trump nominates Kevin Warsh as next Federal Reserve chair

U.S. Federal Reserve Chair Jerome Powell says the Department of Justice has issued grand jury subpoenas to the Federal Reserve, threatening a possible criminal indictment linked to his June congressional testimony about renovations and monetary policy decisions. Powell framed the legal action as politically motivated pressure aimed at influencing rate policy and defended the Fed’s independence amid growing tensions.

Powell Links Legal Action To Rate Policy Stance

As the federal reserve continues to cut rates, top corporates are becoming more convinced with swapping from paying fixed to paying floating interest rates. That is mainly to take advantage of the expected rate cuts. In this next report, we breakdown the scenarios if the fed becomes ultra dovish as president trump wants. Take a look.


What Could Happen if the Fed Turns 'Maga Dovish'? 

The U.S. dollar has surged against most major currencies, rising beyond what interest rate differentials can justify. Although the likelihood of a December Federal Reserve rate cut has decreased, analysts warn there are still downside risks for the greenback. This video explains what is driving the rally and why investors are becoming cautious.

Investors Bet on Downside Risks for Dollar

President Donald Trump is openly floating replacements for federal reserve chair Jerome Powell. And says he has already made up his mind about who he wants in the job. Trump made the remarks during an oval office meeting, sharply criticising Powell while hinting at 'surprising names' on his shortlist.

Trump Eyes New Leaders for Federal Reserve Chair and Board...Again

The U.S. Federal Reserve has cut its key interest rate by 0.25%, meeting market expectations.
Despite the cut, the Fed expressed concerns about fragilities in the labor market, signaling cautious optimism for the economy.

US Economy Update: Fed Cuts Key Rate by 0.25%, Signals Caution | WORLD DNA | WORLD 

US Federal Reserve: The U.S. Federal reserve cut its key interest rate by 0.25 percent as widely expected. However, the central bank, citing labour market concerns, penciled in two more cuts this year from just one predicted earlier.


US Federal Reserve: Fed Cuts Interest Rate by 0.25%

Market moves last week reflected optimism surrounding a federal reserve rate cut. The 14 trillion dollar wall street rally to new records is seeking a fed cut playbook. At the same time, the run up in safe assets points to worries of severe global economic slowdown from US President Trump's policies.



Market Moves Last Week Reflected Optimism 

The US Federal Reserve kept interest rates steady at 4.25%–4.5%, citing economic uncertainty and evolving government policies, despite political pressure and internal disagreements over the central bank’s monetary stance.

'MUST NOW LOWER THE RATE': Trump lashes out as Federal Reserve keeps interest rates unchanged

Annual CPI inflation is forecast at 2.7%, up from 2.4% in May. While services inflation remains subdued, the Fed is likely to hold rates steady in July, despite signs that the inflationary impact of Trump sweeping trade policy will intensify through the second half of 2025.

US inflation set to rise in June as tariffs begin to drive up prices

All 22 major banks have passed the Federal Reserve's 2025 stress tests; lighter test raises questions amid growing geopolitical and economic uncertainties.

Fed says big banks can withstand recession, clears path for shareholder payouts

The Fed’s decision to strip out reputational risk from bank oversight marks a significant step in bridging the gap between crypto and traditional finance.

Crypto finds new ground as Fed lifts reputational risk barrier

 Only three of 12 districts experienced growth, causing concerns about the future. Expectations of faster cost and price increases have led some businesses to adjust operations and reduce inventory due to unpredictable trade policies.

US economic growth falters as Fed flags tariff burdens and rising uncertainty

While the rise in hiring may seem encouraging, the number of layoffs surged to 1.78 million, a worrying sign that companies could be trimming their workforces in response to mounting economic pressures.

US labour market shows signs of cooling amid growing stagflation fears

Fed officials have largely downplayed the rise in inflation expectations, pointing to market-based measures that suggest inflation expectations remain relatively stable.

Fed officials express concern over long-term inflation expectations amid tariff impact

Business & Economy: The US Federal Reserve decided to keep key interest rates unchanged at 4.25 per cent – 4.5 per cent, even as US President Trump pushed to cut rates.

US Federal Reserve holds key rates amid tariff-driven uncertainties, warns against inflation

Business & Economy: With global markets on edge and trade tensions lingering, all eyes are on what Fed Chair Jerome Powell says next—and what it could mean for the world’s biggest assets. The stakes are massive for everyone.

All eyes on the Fed: Dollar wavers ahead of key rate call and trade uncertainty

The US President has said that the central bank should lower interest rates and that fed chair Gerome Powell's termination cannot come fast enough trump is again raising questions about whether he will seek to limit the fed's independence as new tensions flare in his contentious relationship with the central bank. Watch in for more details!

Fed vs Trump 2.0: Will trump seek to limit the Fed's independence?

President Donald Trump threatened to remove Jerome Powell as the chair of the Federal Reserve and expressed his displeasure that interest rates had not been cut recently. Watch in for more detail!

Trump says Fed chair Jerome Powell’s termination can’t come fast enough

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