The space race is escalating and several countries are racing to each other to be the most influential in space. While, some are sending rovers to the moon, some are building spy satellites.

US official says country is building new spy satellites to collect intelligence

Jim Jordan and Steve Scalise have become the first two Republicans to join the race to replace Kevin McCarthy, who was voted out as Speaker in an unprecedented move on Tuesday.

US: New Orleans-born lawmaker beat Jim Jordans to win nomination

US Secretary of State Antony Blinken is set to land in Israel - his mission in West Asia is largely to prevent a wider war. US is strongly backing Israel in the war against Hamas militant group.

Israel-Palestine war: US sends more arms & ammunition to Israel | World News | WION

The Brooklyn Museum celebrated the work and life of the borough’s most famous filmmaker, Spike Lee, in a sprawling exhibition. It brought together more than 300 objects related to Lee’s films, artefacts from his personal collection and complementary Modern and contemporary art.

Brooklyn Museum honours Oscar-winning filmmaker Spike Lee

US: GOP nominate Steve Scalise for House Speaker, latter pledges to unite the Caucus

US Secretary of State Antony Blinken says as long as the US exists, it will support Israel. Netanyahu thanks the US for its unequivocal support. Does this leave no room for de-escalation? Why is the US weaponising every war? We spoke to Sergej Sumlenny, defence expert and director the European Resilience Initiative Centre in Brussels.

Israel-Palestine war: is the US weaponising the war; no room for ceasefire?

A judge in the US state of Oklahoma&nbsp;is on the verge of losing her job after she was caught on camera sending text messages and scrolling social media during a murder trial.&nbsp;

The chief justice of the Oklahoma Supreme Court&nbsp;recommended the removal of the new Lincoln County District Judge Traci Soderstrom for negligence of duty, following an investigation by the state's Council on Judicial Complaints, AP reported.&nbsp;

Chief Justice John Kane IV wrote, "The pattern of conduct demonstrates Respondent’s (Soderstrom’s) gross neglect of duty, gross partiality and oppression. The conduct further demonstrates Respondent’s&nbsp;lack of temperament to serve as a judge."

Also read |&nbsp;<a href="https://www.wionews.com/world/why-women-earn-less-than-men-nobel-economics-laureate-reflects-on-gender-gap-studies-645624">Why women earn less than men? Nobel economics laureate reflects on gender gap studies</a>

Soderstrom has been under scrutiny since July after she was caught sending almost 500 messages, including mocking the prosecutor, praising the defence lawyer and calling one of the key witnesses a lawyer to her bailiff during the trial of a man accused in a fatal beating of a two-year-old.&nbsp;

The video was published by the Oklahoman newspaper showing the judge texting during the jury selection, opening statements and testimony during the trial in Chandler.

She was suspended with pay pending the outcome of a hearing by the Court on the Judiciary, which will determine whether she will be removed from the bench.&nbsp;

'Judge finds it funny'

All this began when Khrisitan Tyler Martzall, the man on trial, was convicted of second-degree manslaughter in the 2018 death of Braxton Danker, son of his&nbsp;girlfriend, and was sentenced to time served.

The mother of the child and Martzall's girlfriend Judith, pleaded guilty&nbsp;to&nbsp;enabling child abuse, was sentenced to 25 years, and was a key witness who was called a "liar" by the judge.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/who-is-steve-scalise-choice-of-house-republicans-to-be-speaker-of-lower-house-of-us-congress-645625">Who is Steve Scalise? Choice of House Republicans to be Speaker of lower house of US Congress</a>

As per the filing, the text reads, "State just couldn’t accept that a mom could kill their kid so they went after the next person available."

According to Kane's petition, Soderstrom's texts also included saying "the prosecutor was sweating through his coat" during questioning of potential jurors and asking "Why does he have baby hands?"

She also lauded the defence lawyer as 'awesome' and asked 'can I clap for her?' during the arguments.&nbsp;

Furthermore, the filing stated that Soderstrom replied with a laughing emoji icon to the bailiff's demeaning reference to the prosecuting attorney's genitals.

She commented a police officer was "pretty", adding "I could look at him all day."

When questioned by the Council on Judicial Complaints, Soderstrom, rather than realising the comments should never have been made, said that her texting probably could have waited and thought, "Oh, that’s funny. Move on."

Soderstrom's tenure ends in January 2027.&nbsp;

(With inputs from agencies)

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A judge in the US state of Oklahoma is on the verge of losing her job after she was caught on camera sending text messages and scrolling social media during a murder trial.

A judge in the US state of Oklahoma is on the verge of losing her job after she was caught on camera sending text messages and scrolling social media during a murder trial. The chief justice of the Oklahoma Supreme Court recommended the removal of the new Lincoln County District Judge Traci Soderstrom for negligence of duty, following an investigation by the state's Council on Judicial Complaints, AP reported. Chief Justice John Kane IV wrote, "The pattern of conduct demonstrates Respondent’s (Soderstrom’s) gross neglect of duty, gross partiality and oppression. The conduct further demonstrates Respondent’s lack of temperament to serve as a judge." Also read | Why women earn less than men? Nobel economics laureate reflects on gender gap studies Soderstrom has been under scrutiny since July after she was caught sending almost 500 messages, including mocking the prosecutor, praising the defence lawyer and calling one of the key witnesses a lawyer to her bailiff during the trial of a man accused in a fatal beating of a two-year-old. The video was published by the Oklahoman newspaper showing the judge texting during the jury selection, opening statements and testimony during the trial in Chandler. She was suspended with pay pending the outcome of a hearing by the Court on the Judiciary, which will determine whether she will be removed from the bench. 'Judge finds it funny' All this began when Khrisitan Tyler Martzall, the man on trial, was convicted of second-degree manslaughter in the 2018 death of Braxton Danker, son of his girlfriend, and was sentenced to time served. The mother of the child and Martzall's girlfriend Judith, pleaded guilty to enabling child abuse, was sentenced to 25 years, and was a key witness who was called a "liar" by the judge. Also read | Who is Steve Scalise? Choice of House Republicans to be Speaker of lower house of US Congress As per the filing, the text reads, "State just couldn’t accept that a mom could kill their kid so they went after the next person available." According to Kane's petition, Soderstrom's texts also included saying "the prosecutor was sweating through his coat" during questioning of potential jurors and asking "Why does he have baby hands?" She also lauded the defence lawyer as 'awesome' and asked 'can I clap for her?' during the arguments. Furthermore, the filing stated that Soderstrom replied with a laughing emoji icon to the bailiff's demeaning reference to the prosecuting attorney's genitals. She commented a police officer was "pretty", adding "I could look at him all day." When questioned by the Council on Judicial Complaints, Soderstrom, rather than realising the comments should never have been made, said that her texting probably could have waited and thought, "Oh, that’s funny. Move on." Soderstrom's tenure ends in January 2027. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Oklahoma judge might get sacked for texting, scrolling social media during murder trial

World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges. &nbsp;

According to a Moneycontrol report Gill noted, "The good news is that there are a few bright spots like the US and India." These comments were made during a press conference on October 11, held before the annual meeting of the World Bank Group and the International Monetary Fund (IMF) in Marrakesh, Morocco.&nbsp;

Gill's remarks came just days after the World Bank maintained its growth forecast for India at 6.3 percent for 2023-24, despite persistent global headwinds. The IMF had also recently raised its growth forecast for India's current financial year by 20 basis points to 6.3 percent. The Reserve Bank of India (RBI) had projected a GDP growth rate of 6.5 percent for 2023-24 and 2024-25.&nbsp;

High-interest rates, however, pose a significant challenge to global growth, according to Gill. Moneycontrol reported that he expressed concerns about the impact of high interest rates, explaining that growth was slowing down significantly. He further noted that the main issue was that growth was decelerating to levels considerably below those observed before the crisis.&nbsp;

Gill emphasised the potential impact of high interest rates by drawing parallels with the 1970s when the US Federal Reserve increased rates, leading to economic difficulties in multiple countries. He cautioned, "We should expect some countries to get into trouble now."&nbsp;

In the past 18 months, the US Federal Reserve has raised its key interest rate by 500 basis points to combat high inflation caused by global commodity price spikes following the Russia-Ukraine conflict. Gill suggested that while some countries may not have high debt levels now, they could still face issues as public debt crowds out private investment, hampering growth.&nbsp;

As per media reports, World Bank President Ajay Banga added that he anticipates interest rates to remain "higher for longer," which could further complicate global economic dynamics.&nbsp;

The discussion also touched upon the debt challenges faced by low-income and vulnerable middle-income countries, which have become more prominent in the wake of the COVID-19 pandemic. The Common Framework was introduced to help these nations restructure their debt, but progress has been relatively slow. &nbsp;

When asked if the framework needed replacement, President Banga emphasised the importance of well-thought-out strategies and the need to address the debt issues on a case-by-case basis. He stressed the significance of finding comprehensive solutions to prevent recurring debt crises in the future.&nbsp;

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World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges.

World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges. According to a Moneycontrol report Gill noted, "The good news is that there are a few bright spots like the US and India." These comments were made during a press conference on October 11, held before the annual meeting of the World Bank Group and the International Monetary Fund (IMF) in Marrakesh, Morocco. Gill's remarks came just days after the World Bank maintained its growth forecast for India at 6.3 percent for 2023-24, despite persistent global headwinds. The IMF had also recently raised its growth forecast for India's current financial year by 20 basis points to 6.3 percent. The Reserve Bank of India (RBI) had projected a GDP growth rate of 6.5 percent for 2023-24 and 2024-25. High-interest rates, however, pose a significant challenge to global growth, according to Gill. Moneycontrol reported that he expressed concerns about the impact of high interest rates, explaining that growth was slowing down significantly. He further noted that the main issue was that growth was decelerating to levels considerably below those observed before the crisis. Gill emphasised the potential impact of high interest rates by drawing parallels with the 1970s when the US Federal Reserve increased rates, leading to economic difficulties in multiple countries. He cautioned, "We should expect some countries to get into trouble now." In the past 18 months, the US Federal Reserve has raised its key interest rate by 500 basis points to combat high inflation caused by global commodity price spikes following the Russia-Ukraine conflict. Gill suggested that while some countries may not have high debt levels now, they could still face issues as public debt crowds out private investment, hampering growth. As per media reports, World Bank President Ajay Banga added that he anticipates interest rates to remain "higher for longer," which could further complicate global economic dynamics. The discussion also touched upon the debt challenges faced by low-income and vulnerable middle-income countries, which have become more prominent in the wake of the COVID-19 pandemic. The Common Framework was introduced to help these nations restructure their debt, but progress has been relatively slow. When asked if the framework needed replacement, President Banga emphasised the importance of well-thought-out strategies and the need to address the debt issues on a case-by-case basis. He stressed the significance of finding comprehensive solutions to prevent recurring debt crises in the future. WATCH WION LIVE HERE

World Bank chief economist highlights global economic concerns; US & India positive exceptions

US: Republicans complain of rushed process to choose a new speaker

US: Scalise scrambles to garner support before speaker vote

Ukraine has been granted $1.15 billion from the United States under the PEACE in Ukraine program, marking a continued effort to support the country during the ongoing conflict with Russia. The Ukrainian finance ministry officially confirmed the substantial grant.&nbsp;

The PEACE (Public Expenditures for Administrative Capacity Endurance) in Ukraine project, a flagship initiative of the World Bank, has been pivotal in aiding Kyiv amid Russia's aggression in the region.

The United States government has displayed its unwavering commitment to Ukraine this year, granting Ukraine $10.9 billion in direct budget support in the form of grants.

This financial aid is primarily directed towards compensating state budget expenditures in the social and humanitarian sectors, with no intention of allocation to security or defence, as clarified by the ministry.&nbsp;

Emphasising&nbsp;the magnitude of the support, Finance Minister Serhiy Marchenko is quoted by Reuters&nbsp;as saying, "Since the beginning of the full-scale war, Ukraine's state budget has already received $22.9 billion from the United States."&nbsp;

Ukraine's reliance on foreign financing to bridge its budget gap and sustain social spending is evident. Simultaneously, Kyiv is actively seeking funding to rebuild vital infrastructure, schools, and hospitals, which have incurred significant damage over nearly 20 months of persistent conflict.&nbsp;

(With inputs from Reuters)&nbsp;

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Ukraine has been granted $1.15 billion from the United States under the PEACE in Ukraine program, marking a continued effort to support the country during the ongoing conflict with Russia.

Ukraine has been granted $1.15 billion from the United States under the PEACE in Ukraine program, marking a continued effort to support the country during the ongoing conflict with Russia. The Ukrainian finance ministry officially confirmed the substantial grant. The PEACE (Public Expenditures for Administrative Capacity Endurance) in Ukraine project, a flagship initiative of the World Bank, has been pivotal in aiding Kyiv amid Russia's aggression in the region. The United States government has displayed its unwavering commitment to Ukraine this year, granting Ukraine $10.9 billion in direct budget support in the form of grants. This financial aid is primarily directed towards compensating state budget expenditures in the social and humanitarian sectors, with no intention of allocation to security or defence, as clarified by the ministry. Emphasising the magnitude of the support, Finance Minister Serhiy Marchenko is quoted by Reuters as saying, "Since the beginning of the full-scale war, Ukraine's state budget has already received $22.9 billion from the United States." Ukraine's reliance on foreign financing to bridge its budget gap and sustain social spending is evident. Simultaneously, Kyiv is actively seeking funding to rebuild vital infrastructure, schools, and hospitals, which have incurred significant damage over nearly 20 months of persistent conflict. (With inputs from Reuters) WATCH WION LIVE HERE

Ukraine receives $1.15 billion under World Bank's PEACE initiative 

Israel has come under the worst attack it has seen in decades. Prime Minister Benjamin Netanyahu has vowed to crush the enemy, which is the militant group Hamas.

US unlocks $6 billion for prisoner swap with Iran; US-Iran financial transactions under close watch

Former US president Donald Trump's politically incorrect language has often made headlines but a worrisome escalation in his provocative verbiage is spurring apprehensions over the possibility of igniting violence among his staunch supporters.&nbsp;

In recent days, the prickly ex-president has indicated that the country's top military officer should be executed.

Critics said that his comments about illegal immigrants were so extreme that the Anti-Defamation League (ADL), a Jewish advocacy group, saw echoes of Nazi rhetoric.

Also read:&nbsp;<a href="https://www.wionews.com/world/russian-president-vladimir-putin-says-israel-gaza-conflict-an-example-of-us-failure-in-middle-east-645030">Putin says Israel-Gaza conflict 'an example' of US failure in Middle East</a>

"Nobody has any idea where these people are coming from, and we know they come from prisons, we know they come from mental institutions, insane asylums, we know they're terrorists," Trump told conservative news site The National Pulse.

"Nobody has ever seen anything like we're witnessing right now. It is a very sad thing for our country. It's poisoning the blood of our country."

The ADL's Jonathan Greenblatt told&nbsp;MSNBC that Trump appeared to have been fed the line by someone familiar with Hitler's infamous complaint of Jews "causing a blood poisoning of Germany."&nbsp;

<h2>Trump and his exhortations to violence&nbsp;</h2>

At a rally in 2016, Trump suggested that protesters should be "roughed up" and during the 2020 racial protests over the police murder of George Floyd, he said that the looters should be shot.

After losing the 2020 presidential elections, Trump claimed that he was being cheated on after which his angry supporters launched an attack at the US Capitol on 6 January 2021.

His recent comments, especially mocking of a hammer attack on the 83-year-old husband of Democratic former House speaker Nancy Pelosi, as well as a call for shoplifters to be shot on sight, has sparked outrage.&nbsp; 
&nbsp; &nbsp;&nbsp; 
Last week, the judge in Trump's civil fraud trial in New York, imposed a gag order after he smeared a court clerk on social media and posted a link to her Instagram account.

Trump has also repeatedly described the attorneys leading the multiple civil and criminal cases he faces as "monster," "deranged" and "psycho." African American legal officials, he says, have been "racist."

His comments about immigration "recall the worst racism of 1930s Germany," added Gerard Filitti, senior counsel at US-based Jewish and pro-Israel advocacy group The Lawfare Project.

"It is troubling that Donald Trump at times appears to use inflammatory rhetoric that injects a measure of divisive ethnonationalism into what would otherwise be straightforward discussions of policy," Filitti told news agency AFP.

"Language like 'poisoning the blood of our country' is cringeworthy at best, and at worst sows doubt among voters as to what Trump's true beliefs are."&nbsp;

(With inputs from agencies)

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Former US president Donald Trump's politically incorrect language has often made headlines but a worrisome escalation in his provocative verbiage is spurring apprehensions over the possibility of igniting violence among his staunch supporters.

Former US president Donald Trump's politically incorrect language has often made headlines but a worrisome escalation in his provocative verbiage is spurring apprehensions over the possibility of igniting violence among his staunch supporters. In recent days, the prickly ex-president has indicated that the country's top military officer should be executed. Critics said that his comments about illegal immigrants were so extreme that the Anti-Defamation League (ADL), a Jewish advocacy group, saw echoes of Nazi rhetoric. Also read: Putin says Israel-Gaza conflict 'an example' of US failure in Middle East "Nobody has any idea where these people are coming from, and we know they come from prisons, we know they come from mental institutions, insane asylums, we know they're terrorists," Trump told conservative news site The National Pulse. "Nobody has ever seen anything like we're witnessing right now. It is a very sad thing for our country. It's poisoning the blood of our country." The ADL's Jonathan Greenblatt told MSNBC that Trump appeared to have been fed the line by someone familiar with Hitler's infamous complaint of Jews "causing a blood poisoning of Germany." Trump and his exhortations to violence At a rally in 2016, Trump suggested that protesters should be "roughed up" and during the 2020 racial protests over the police murder of George Floyd, he said that the looters should be shot. After losing the 2020 presidential elections, Trump claimed that he was being cheated on after which his angry supporters launched an attack at the US Capitol on 6 January 2021. His recent comments, especially mocking of a hammer attack on the 83-year-old husband of Democratic former House speaker Nancy Pelosi, as well as a call for shoplifters to be shot on sight, has sparked outrage. Last week, the judge in Trump's civil fraud trial in New York, imposed a gag order after he smeared a court clerk on social media and posted a link to her Instagram account. Trump has also repeatedly described the attorneys leading the multiple civil and criminal cases he faces as "monster," "deranged" and "psycho." African American legal officials, he says, have been "racist." His comments about immigration "recall the worst racism of 1930s Germany," added Gerard Filitti, senior counsel at US-based Jewish and pro-Israel advocacy group The Lawfare Project. "It is troubling that Donald Trump at times appears to use inflammatory rhetoric that injects a measure of divisive ethnonationalism into what would otherwise be straightforward discussions of policy," Filitti told news agency AFP. "Language like 'poisoning the blood of our country' is cringeworthy at best, and at worst sows doubt among voters as to what Trump's true beliefs are." (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Donald Trump's politically incorrect language sparks fears of violence

The US&nbsp;intelligence community has initiated a comprehensive examination of available data, directing the nation's intelligence agencies to investigate whether Iran played a direct role in the recent deadly attack on Israel by Hamas.

Despite strong belief in Iran's complicity due to its extensive support of the Palestinian militant group over the years, National Security Adviser Jake Sullivan has clarified that the Biden administration lacks direct evidence linking Tehran to the planning and execution of the assault.

"We're looking to acquire further intelligence," Sullivan stated during a White House press briefing. "But as I stand here today, while Iran plays this broad role – sustained, deep, and dark role in providing all of this support and capabilities to Hamas – in terms of this particular gruesome attack on October 7, we don't currently have that information."

Multiple officials with access to classified intelligence have echoed the administration's stance that no direct evidence has surfaced&nbsp;indicating Iran's direct involvement in the attack. It remains a waiting game for intelligence agencies to potentially uncover more definitive information.

Also read |&nbsp;<a href="https://www.wionews.com/world/shani-louk-abducted-from-music-fest-by-hamas-and-paraded-naked-confirmed-alive-by-mother-645181">Shani Louk, whose partially naked body was paraded in a truck, is alive in Gaza, says her mother</a>

<h2>Israeli intelligence also investigates</h2>

Meanwhile, Israeli intelligence is also revisiting existing evidence regarding the attack. A senior Israeli official noted that while it's unlikely that Iran had absolutely no knowledge of the incident, they have observed meetings and close coordination between Iran and Hamas, reported CNN.

Also watch |&nbsp;Arab foreign ministers to meet over Israeli-Palestinian conflict

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Both US&nbsp;and Israeli intelligence failed to receive advance warning of the attack, a surprising oversight considering the scale of the assault. This has prompted the Biden administration to approach the situation with caution.

<h2>Iran's long-standing support for Hamas</h2>

For years, Iran has been the primary benefactor of Hamas, providing substantial financial aid, weaponry, and components smuggled into Gaza, along with comprehensive technical and ideological support. Although Hamas maintains a degree of autonomy from the Iranian regime, questions arise due to the unprecedented scale and sophistication of the recent attack.

Disclaimer: WION takes utmost care to accurately and responsibly report ongoing developments on the Israel-Palestine conflict after the Hamas attacks. However, we cannot independently verify the authenticity of all statements, photos and videos.

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The US intelligence community has initiated a comprehensive examination of available data, directing the nation's intelligence agencies to investigate whether Iran played a direct role in the recent deadly attack on Israel by Hamas.

The US intelligence community has initiated a comprehensive examination of available data, directing the nation's intelligence agencies to investigate whether Iran played a direct role in the recent deadly attack on Israel by Hamas. Despite strong belief in Iran's complicity due to its extensive support of the Palestinian militant group over the years, National Security Adviser Jake Sullivan has clarified that the Biden administration lacks direct evidence linking Tehran to the planning and execution of the assault. "We're looking to acquire further intelligence," Sullivan stated during a White House press briefing. "But as I stand here today, while Iran plays this broad role – sustained, deep, and dark role in providing all of this support and capabilities to Hamas – in terms of this particular gruesome attack on October 7, we don't currently have that information." Multiple officials with access to classified intelligence have echoed the administration's stance that no direct evidence has surfaced indicating Iran's direct involvement in the attack. It remains a waiting game for intelligence agencies to potentially uncover more definitive information. Also read | Shani Louk, whose partially naked body was paraded in a truck, is alive in Gaza, says her mother Israeli intelligence also investigates Meanwhile, Israeli intelligence is also revisiting existing evidence regarding the attack. A senior Israeli official noted that while it's unlikely that Iran had absolutely no knowledge of the incident, they have observed meetings and close coordination between Iran and Hamas, reported CNN. Also watch | Arab foreign ministers to meet over Israeli-Palestinian conflict Both US and Israeli intelligence failed to receive advance warning of the attack, a surprising oversight considering the scale of the assault. This has prompted the Biden administration to approach the situation with caution. Iran's long-standing support for Hamas For years, Iran has been the primary benefactor of Hamas, providing substantial financial aid, weaponry, and components smuggled into Gaza, along with comprehensive technical and ideological support. Although Hamas maintains a degree of autonomy from the Iranian regime, questions arise due to the unprecedented scale and sophistication of the recent attack. Disclaimer: WION takes utmost care to accurately and responsibly report ongoing developments on the Israel-Palestine conflict after the Hamas attacks. However, we cannot independently verify the authenticity of all statements, photos and videos. WATCH WION LIVE HERE:

US intel searches for Iranian link in Hamas attack on Israel

Less than a year after the euro stood on par with the US dollar, concerns of the common currency sliding back to that level are once again surfacing in market discussions, Bloomberg reported.

In recent weeks, financial analysts at firms such as Nomura International Plc, Rabobank, and ING Groep NV have revised their forecasts, bringing the euro close to the $1 mark. The term "parity" has seen a significant uptick in Google searches, and the probability of the euro reaching parity by early next year has more than doubled, as per a Bloomberg options model.

As per the Bloomberg report, the resurgence of these concerns can be attributed to multiple factors. US yields have been climbing rapidly, bolstering the strength of the dollar. Domestically, growth in the eurozone's major economies remains sluggish, renewed worries about Italy's high government debt load have emerged, and increasing energy prices are rekindling fears of inflation.

Jordan Rochester, an FX strategist at Nomura, was quoted by Bloomberg as saying, "If oil prices surge past $110 per barrel, it will be difficult for the euro to avoid parity." He also mentioned, "The levels of US rates suggest that the euro should be at $1.01 to $1.03 already." Currently, the euro is trading around $1.06, with Rochester revising his year-end forecast from $1.06 to $1.02.

Citing Stephen Jen, CEO at Eurizon SLJ Capital, who emphasised that even if parity isn't reached, the Bloomberg report indicated that the growing risk of such an occurrence indicates that the odds are not in favour of the euro. He attributed the euro's weakness to the sluggish European and Chinese economies, contrasted with strong economic activity in the United States, which is creating a scenario of continued dollar strength and euro vulnerability.

Additionally, Michael Metcalfe, Global Head of Macro Strategy at State Street Global Markets, mentioned that investors continue to show a preference for maintaining their underweight euro positions. The evolving economic landscape and the surge in US yields have cast a shadow of uncertainty over the euro's future trajectory, making it a crucial element in the ongoing market dynamics.

(With inputs from Bloomberg)

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Less than a year after the euro stood on par with the US dollar, concerns of the common currency sliding back to that level are once again surfacing in market discussions, Bloomberg reported.

Less than a year after the euro stood on par with the US dollar, concerns of the common currency sliding back to that level are once again surfacing in market discussions, Bloomberg reported. In recent weeks, financial analysts at firms such as Nomura International Plc, Rabobank, and ING Groep NV have revised their forecasts, bringing the euro close to the $1 mark. The term "parity" has seen a significant uptick in Google searches, and the probability of the euro reaching parity by early next year has more than doubled, as per a Bloomberg options model. As per the Bloomberg report, the resurgence of these concerns can be attributed to multiple factors. US yields have been climbing rapidly, bolstering the strength of the dollar. Domestically, growth in the eurozone's major economies remains sluggish, renewed worries about Italy's high government debt load have emerged, and increasing energy prices are rekindling fears of inflation. Jordan Rochester, an FX strategist at Nomura, was quoted by Bloomberg as saying, "If oil prices surge past $110 per barrel, it will be difficult for the euro to avoid parity." He also mentioned, "The levels of US rates suggest that the euro should be at $1.01 to $1.03 already." Currently, the euro is trading around $1.06, with Rochester revising his year-end forecast from $1.06 to $1.02. Citing Stephen Jen, CEO at Eurizon SLJ Capital, who emphasised that even if parity isn't reached, the Bloomberg report indicated that the growing risk of such an occurrence indicates that the odds are not in favour of the euro. He attributed the euro's weakness to the sluggish European and Chinese economies, contrasted with strong economic activity in the United States, which is creating a scenario of continued dollar strength and euro vulnerability. Additionally, Michael Metcalfe, Global Head of Macro Strategy at State Street Global Markets, mentioned that investors continue to show a preference for maintaining their underweight euro positions. The evolving economic landscape and the surge in US yields have cast a shadow of uncertainty over the euro's future trajectory, making it a crucial element in the ongoing market dynamics. (With inputs from Bloomberg) WATCH WION LIVE HERE

Euro faces pressure as parity concerns resurface amid surging US yields

US President Joe Biden has been quizzed as a part of an independent investigation into his handling of classified documents. According to the White House, the investigation is being carried out by the Special Council appointed by the US Attorney General to look into the mishandling of classified documents at Biden's home in Delaware and also at a Washington Think Tank office that was set up for Biden after his 2009 to 2017 vice presidency.

US President Joe Biden questioned in classified documents case

The White House counsel's office announced on Monday that President Joe Biden had an interview as part of Special Counsel Robert Hur's inquiry into his handling of confidential materials.

US: President Joe Biden questioned by special counsel in classified documents case

Following the vote on Tuesday, McCarthy declared that he would not seek reelection to the position that required an unprecedented 15 rounds of voting to secure in January. In an interview with conservative radio talk show host Hugh Hewitt on Monday, McCarthy backed off, stating, "I will do whatever the conference wants."

US: GOP braces for messy fight over speakership

Republican lawmakers in the United States are divided over whether to provide military aid to Ukraine or focus on arming Taiwan. With no speaker in the House of Representatives, additional US Aid to Ukraine is hanging in the balance.

Republicans want less aid for Ukraine and more for Taiwan

Robert F. Kennedy Jr has officially announced that he will be running in the upcoming United States presidential election as an independent and dropped his Democratic primary bid, on Monday (Oct 9).

The 69-year-old longtime environmental lawyer, anti-vaccine activist and a reported conspiracy theorist had previously said that he would run for the Democratic nomination for president, being the only one to challenge incumbent President Joe Biden for the nomination in his re-election bid.&nbsp;

“I’m here to declare myself an independent candidate for president of the United States. I’m here to join you in making a new declaration of independence for our entire nation,” said Kennedy, in a speech in the city of Philadelphia. &nbsp;

Robert F Kennedy Jr belongs to one of the most famous Democratic families in American politics and spent the last six months running for the Democratic presidential nomination.&nbsp;

However, he was said to have been running a longshot primary bid in the Democratic party and has better favourability ratings among Republicans. So far, Biden and his allies have dismissed Kennedy’s primary bid as unserious.&nbsp;

<h2>Kennedy family ‘denounces’ his candidacy&nbsp;</h2>

While the 69-year-old has long said that he is a Democrat and frequently invoked the names of his late father, US Senator Robert F Kennedy, and his uncle President John F Kennedy on the campaign trails, he has recently said to be building close relations with right-wing figures.&nbsp;

He also made an appearance on a channel run by conspiracy theorist Alex Jones, who lied about the 2012 Sandy Hook Elementary School shooting and later acknowledged that the massacre had occurred after facing multiple lawsuits by the victims’ families and is now being asked to pay <a href="https://www.wionews.com/world/sandy-hook-defamation-infowars-alex-jones-ordered-to-pay-usd-473-million-533137">millions of dollars</a> in damages.&nbsp;

After the announcement, the Kennedy family released a joint statement saying that they “denounce” Robert’s candidacy and called it “deeply saddening”.&nbsp;

“The decision of our brother Bobby to run as a third party candidate against Joe Biden is dangerous to our country,” said the Kennedy family, in a statement. “Bobby might share the same name as our father, but he does not share the same values, vision or judgement.” 
It added, “Today’s announcement is deeply saddening for us. We denounce his candidacy and believe it to be perilous for the country.”&nbsp;

Recent polls have also indicated that far more Republicans have a favourable opinion of Kennedy than Democratic party supporters.&nbsp;

The 69-year-old who had first announced that he was running against Biden for the Democratic nomination in April, has been polling at an average of 15 per cent among Democrats nationwide, according to a report by the Guardian.&nbsp;

(With inputs from agencies) 
&nbsp;

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Robert F. Kennedy Jr has officially announced that he will be running in the upcoming United States presidential election as an independent and dropped his Democratic primary bid, on Monday (Oct 9).

Robert F. Kennedy Jr has officially announced that he will be running in the upcoming United States presidential election as an independent and dropped his Democratic primary bid, on Monday (Oct 9). The 69-year-old longtime environmental lawyer, anti-vaccine activist and a reported conspiracy theorist had previously said that he would run for the Democratic nomination for president, being the only one to challenge incumbent President Joe Biden for the nomination in his re-election bid. “I’m here to declare myself an independent candidate for president of the United States. I’m here to join you in making a new declaration of independence for our entire nation,” said Kennedy, in a speech in the city of Philadelphia. Robert F Kennedy Jr belongs to one of the most famous Democratic families in American politics and spent the last six months running for the Democratic presidential nomination. However, he was said to have been running a longshot primary bid in the Democratic party and has better favourability ratings among Republicans. So far, Biden and his allies have dismissed Kennedy’s primary bid as unserious. Kennedy family ‘denounces’ his candidacy While the 69-year-old has long said that he is a Democrat and frequently invoked the names of his late father, US Senator Robert F Kennedy, and his uncle President John F Kennedy on the campaign trails, he has recently said to be building close relations with right-wing figures. He also made an appearance on a channel run by conspiracy theorist Alex Jones, who lied about the 2012 Sandy Hook Elementary School shooting and later acknowledged that the massacre had occurred after facing multiple lawsuits by the victims’ families and is now being asked to pay millions of dollars in damages. After the announcement, the Kennedy family released a joint statement saying that they “denounce” Robert’s candidacy and called it “deeply saddening”. “The decision of our brother Bobby to run as a third party candidate against Joe Biden is dangerous to our country,” said the Kennedy family, in a statement. “Bobby might share the same name as our father, but he does not share the same values, vision or judgement.” It added, “Today’s announcement is deeply saddening for us. We denounce his candidacy and believe it to be perilous for the country.” Recent polls have also indicated that far more Republicans have a favourable opinion of Kennedy than Democratic party supporters. The 69-year-old who had first announced that he was running against Biden for the Democratic nomination in April, has been polling at an average of 15 per cent among Democrats nationwide, according to a report by the Guardian. (With inputs from agencies) WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Robert F Kennedy Jr announces bid to run for White House as an independent, abandons Democratic primary bid

US state department spokesperson Matt Miller confirmed nine American citizens were killed in Hamas' attack on Israel. Watch the video to know more about the Israel-Palestine war.

9/11 recap for Americans? : US confirms nine American casualties in Hamas' attack on Israel | WION

In a first, America has ousted its House speaker. 216 lawmakers voted to remove Kevin McCarthy from office- among them were eight rebel Republicans. The big question is: Who will replace McCarthy? Some Republicans want Donald Trump to become the next speaker. Vikram Chandra brings you the details.

Will Donald Trump replace Kevin McCarthy as House speaker?

More than a million migrants entered Europe in 2015. The move sparked a crisis across Europe as nations struggled to cope with the influx. Irregular migration is rising every year in Europe. In 2023, illegal migration rose by a tenth as compared to 2022. As of the 25th of September 2023, the total migration flow to Europe was 199,691, whereas, in 2020, it was 99,907. Why is Europe facing a migration crisis? Is there a solution for it?

Europe's migration crisis: How is EU responding?

Millions of people move across borders all over the world every year. Conflict, persecution, and poverty force people to flee to other countries. In mid-September this year, thousands of refugees and migrants landed on the Italian island of Lampedusa. Citizens from countries like Ivory Coast, Guinea, Cameroon, Burkina Faso, Mali, and Tunisians were aboard the boats that arrived on the island from Tunisia. The migrant crisis is plaguing the West. Who is a migrant? What exactly is the migrant crisis?

Migration crisis plaguing the West

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