Federal Reserve Chairman Kevin Warsh is expected to keep interest rates steady in the upcoming meeting but faces pressure to raise them soon to fight inflation. Rising costs from the Iran conflict, increased spending on artificial intelligence, and tariffs are pushing prices up, making it harder to lower inflation to the Fed's 2% target.
Key Facts
The Federal Reserve plans to keep interest rates unchanged in the next meeting.
Chairman Kevin Warsh faces pressure to raise rates to control inflation.
Inflation has stayed above the 2% target for over five years.
Core inflation, which leaves out food and energy prices, has been about 3% or higher since 2023.
Rising oil and gas prices are linked to renewed conflict in Iran.
Increased investment in artificial intelligence is making electronics and electricity more expensive.
New tariffs imposed by President Trump on many trading partners may cause further price increases.
Fed officials warn that without action, inflation will not return to the 2% target soon.
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Energy prices in Guernsey have increased by 19% over the past year, causing overall inflation to rise. The retail prices index (RPI) inflation reached 4.3% for the year ending in June 2026, with notable increases in fuel, tobacco, and catering costs.
Key Facts
Energy prices (fuel and light group) rose by 19% from June 2025 to June 2026.
Tobacco prices increased by 11.7% during the same period.
Catering costs went up by 6.3% in that year.
The overall retail prices index (RPI) inflation in Guernsey was 4.3%.
Households with one or more retired adults saw the highest increase in household costs at 5.2%.
The data comes from Guernsey's retail prices indices and household costs indices reports.
The report was published recently and reflects inflation trends over the last year.
Other related reports show inflation rates in Guernsey have been changing over time, but energy had the largest price jump this year.
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Kentucky Governor Andy Beshear asked Senator Mitch McConnell to either clearly show he can still do his job or to resign from the Senate. McConnell has been recovering from a fall and pneumonia since mid-June and is currently undergoing physical therapy.
Key Facts
Senator Mitch McConnell has been hospitalized since June 14 after a fall that caused brief unconsciousness and was later complicated by mild pneumonia.
McConnell is 84 years old and reported to be recovering while continuing physical therapy.
Governor Andy Beshear wrote a letter demanding McConnell publicly prove his ability to serve or step down.
Beshear also sent a letter to Senate Majority Leader John Thune asking him to investigate McConnell’s health and start expulsion if necessary.
McConnell’s office released a photo of him and his wife dated July 26 to show he is active.
Beshear criticized McConnell for not communicating directly with Kentucky residents during his absence.
McConnell plans to continue missing events to focus on rehabilitation but intends to return to full work in the Senate.
If McConnell resigned or was expelled, Kentucky would need a special election to fill his Senate seat.
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Captain Chris Philp was on patrol in the English Channel looking for illegal immigrant boats. When a French navy ship appeared, he believed they were trying to attack him, although his crew thought the shots fired were just test shots or exercises.
Key Facts
Captain Chris Philp patrolled the English Channel to find illegal immigrant boats.
He was previously an immigration minister who helped rehouse newcomers.
On patrol, he spotted a child with a swimming aid but called in the RAF to intervene.
A French warship appeared and gunshots were fired nearby, which Philp perceived as an attack.
His crew thought the shots were either test fire or part of naval exercises.
Philp believed the French wanted to intimidate or eliminate him because of his actions.
The incident highlights tension between British patrols and the French navy.
Philp contacted Kemi, presumably a government official, to report the attack and request support.
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Lucy Powell, the new UK education secretary, said she wants to make the student loan system fair and will review it, especially the high interest rates on Plan 2 loans. She expressed concern about how the current repayment rules affect graduates and acknowledged it as a serious issue but did not promise changes.
Key Facts
Plan 2 loans were taken out by English students between 2012 and 2023 and continue in Wales.
Graduates repay 9% of earnings above a set threshold.
The repayment threshold will be frozen from 2027 to 2030, meaning repayments start earlier and grow as salaries rise.
Interest on some loans, including Plan 2, will be capped at 6%.
Lucy Powell called the current interest rate (Retail Prices Index plus 3%) "egregious."
Powell's eldest child has a Plan 2 loan, making her familiar with the issue.
The government previously compared student loan repayments to £30 monthly phone contracts in presentations to teenagers.
Conservative leader Kemi Badenoch proposed capping interest rates on Plan 2 loans at RPI only, currently 3%.
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Contemporary100 is launching a new platform called Contemporary [Trading Cards] on July 28, 2026. This platform offers collectible art trading cards featuring works and stories from 100 contemporary artists in randomized packs sold online. The cards aim to make art collecting more accessible and fun by using the familiar format of trading cards.
Key Facts
The first collection includes 100 contemporary artists and will launch exclusively on Contemporary100.com.
Each pack contains 10 cards: 9 Base Cards, 1 Foil Card, and a chance of an Artist-Signed Card.
The cards showcase various art forms such as painting, sculpture, photography, and digital art.
Famous artists like Daniel Arsham and Felipe Pantone are part of the collection.
The project combines art collecting with the excitement of sports and entertainment trading cards.
Collectors can discover new artists by opening random packs and following their work beyond the cards.
The platform aims to overcome traditional barriers in contemporary art like price opacity and limited access.
This is the first platform to unify 100 contemporary artists in a collectible trading card format.
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A study of over 16,000 adults aged 60 and older found that daily multivitamin use led to modest improvements in functional health after three years compared to placebo. The benefits were stronger for those with heart-related conditions but did not mean older adults suddenly gained new abilities.
Key Facts
The study involved adults aged 60+ from the COcoa Supplement Multivitamins Outcomes Study (COSMOS).
Participants were randomly given either a multivitamin, cocoa extract, both, or placebos.
Those taking a multivitamin showed better functional health scores after three years.
Improvements were modest and mostly related to fewer symptoms like fatigue and shortness of breath.
Benefits were strongest in people with cardiovascular issues, especially carotid stenosis.
Cocoa extract did not improve overall functional health, except in people with congestive heart failure.
Experts recommend multivitamins as a low-risk way to support health but not as replacements for good diet or exercise.
Tips for choosing supplements include looking for key nutrients like vitamins B12 and D, avoiding unclear ingredient blends, and checking for quality certifications.
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Senator Elizabeth Warren criticized the Pentagon for changing the reported number of U.S. military deaths caused by Iran. She called this change a cruel action that affects the families of those who died and compared it to actions taken by authoritarian leaders to control truth.
Key Facts
Senator Elizabeth Warren made remarks on Monday about the Pentagon’s change in death toll numbers.
The death toll revision concerns U.S. service members killed by Iran.
Warren described the revision as an act of cruelty toward the families of the fallen soldiers.
She suggested that controlling facts is a tactic used by autocratic leaders.
The Pentagon’s revision changes the official count of military deaths related to Iran.
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A leak of white phosphorus occurred at Osan Air Base, a U.S. military facility in South Korea, causing local officials to order a short evacuation of nearby residents. The authorities acted quickly to move people to safety while handling the situation.
Key Facts
The leak happened at Osan Air Base, located near Pyeongtaek, South Korea.
The incident involved white phosphorus, a chemical substance often used in military operations.
Local officials told residents close to the base to evacuate temporarily for their safety.
The leak was detected around 5 p.m. local time on Tuesday.
The evacuation was a precaution while the situation was assessed and controlled.
The U.S. military base confirmed the accident but did not report any injuries.
Pyeongtaek is a city near Seoul, the capital of South Korea.
White phosphorus can cause harm if not handled properly, which is why authorities responded quickly.
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Over 155 scientists and health advocates have written an open letter asking the Trump administration and its allies to stop harassing scientists like Dr. Anthony Fauci. Fauci is set to testify before a Senate committee investigating the origins of COVID-19 amid claims against him that the letter calls baseless.
Key Facts
More than 155 scientists and public health advocates signed a letter condemning harassment of scientists by the Trump administration and its supporters.
Dr. Anthony Fauci, former director of the National Institute of Allergy and Infectious Diseases (NIAID), faces a Senate committee hearing about COVID-19 origins.
Senator Rand Paul, a Republican, chairs the committee and has accused Fauci of misleading the public and Congress.
The letter states the accusations against Fauci, such as covering up COVID origins or holding virus patents, have no credible evidence.
Fauci has faced five years of harassment and threats against him and his family due to these allegations.
Fauci served the US for over 60 years, guiding responses to major health crises including HIV, Ebola, SARS, and anthrax attacks.
Fauci has said the virus likely came from animals but remains open to the lab leak theory.
A presidential pardon was issued for Fauci by Joe Biden before Trump’s 2024 term, but investigations continue.
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A group of Senate Democrats is asking the Department of Justice (DOJ) to explain why it issued subpoenas to some New York Times reporters. The subpoenas relate to the reporters’ stories about a new Air Force One jet given to President Donald Trump by Qatar.
Key Facts
Senate Democrats are investigating the DOJ's use of subpoenas against New York Times reporters.
The reporters wrote about a new Air Force One jet provided to President Donald Trump.
The jet was gifted by the country of Qatar.
Senator Adam Schiff from California is leading the group of Democrats in the Senate.
The investigation aims to understand the DOJ’s reasons for targeting the reporters.
The issue involves questions about press freedom and government actions.
The New York Times is a prominent news organization in the United States.
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Ukrainian President Volodymyr Zelensky visited the White House on July 28, 2026, to meet with U.S. President Donald Trump. The visit aims to secure new diplomatic and military help for Ukraine in its conflict with Russia.
Key Facts
Zelensky visited Washington to seek more U.S. support for Ukraine.
He met President Donald Trump at the White House.
The talks focus on increasing diplomatic and military aid.
Zelensky also attended the funeral of U.S. Senator Lindsey Graham, a strong supporter of Ukraine.
This visit tests a possible shift in President Trump’s position toward Ukraine.
The meeting follows ongoing tensions between Ukraine and Russia.
The event received coverage from international news agencies.
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eBay has agreed to pay $55.7 million to a Massachusetts couple who were harassed and stalked online by former eBay employees. The company and some executives faced criminal charges for sending threatening items and false information to the couple’s home.
Key Facts
Ina and David Steiner, who run an e-commerce newsletter, were targeted by a cyberstalking campaign starting in 2019.
The harassment included sending threatening deliveries like a bloody pig mask, live spiders, and pornographic magazines.
Their home was falsely listed on Craigslist for swinger activities.
Seven former eBay employees and executives were charged by the Department of Justice, with some going to prison.
Former CEO Devin Wenig and other executives made threatening messages about the couple.
The Steiners will receive $48.7 million from the settlement; eBay will donate $6 million to charities.
Wenig will personally pay $2 million and donate $1 million to a charity supporting free speech rights.
eBay paid a $3 million criminal penalty earlier and formally apologized for the actions of its former employees.
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The article discusses whether President Donald Trump can use a rarely active court, called a "zombie court," to deport people suspected of terrorism. If this court is used successfully, it might become a strong way to remove suspected terrorists from the country.
Key Facts
The "zombie court" refers to a court that is rarely active or used.
President Donald Trump is exploring ways to use this court for deporting suspected terrorists.
Using this court could speed up the process of removing suspected terrorists.
The court deals with cases involving foreigners ("aliens") in the U.S.
This method may give the government more power to handle terrorism concerns.
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U.S. diplomats left a United Nations Security Council meeting while French diplomats were speaking. This happened because of tensions between the U.S. and France over criticism of the U.S.’s human rights record.
Key Facts
The U.S. walked out during a UN Security Council meeting on Monday.
French diplomats were speaking when the U.S. diplomats left.
The two countries have tensions about the U.S.’s human rights record.
On the previous Saturday, France criticized the U.S. at the UN in Geneva.
France was upset about the U.S. voting against the reappointment of the UN high commissioner for human rights, Volker Türk.
The U.S. vote against Volker Türk caused diplomatic friction between France and the U.S.
The incident highlights ongoing disagreements between the U.S. and France at international human rights forums.
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A heatwave in southwestern France is making it harder for firefighters to control a large forest fire in the Gironde area. Although calmer weather recently helped slow the fire, new heat warnings and evacuation orders are raising concerns that the fire could spread again.
Key Facts
A large wildfire is burning in Gironde, a region in southwestern France.
Firefighters had some success stabilizing the fire due to calmer weather over the past two days.
The region is now under a yellow heat warning, indicating high temperatures.
New evacuation orders took effect on July 28, 2026, for some areas.
The heatwave increases the risk of the fire growing out of control again.
French authorities are actively monitoring the situation and managing evacuations.
The wildfire is part of a broader pattern of intense fires linked to rising temperatures.
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Americans’ confidence in the U.S. economy dropped in July as gas prices increased due to the worsening conflict between the U.S. and Iran. The rise in gas prices contributed to inflation, which lowered people's real incomes and made them more concerned about food and grocery costs.
Key Facts
The consumer confidence index fell from 92.2 in June to 90.8 in July.
Perceptions of current business and job market conditions declined for the third month in a row.
Views about the near future stayed about the same with a reading of 74.7.
Gas prices had fallen earlier in June but started rising again in July, reaching about $4.10 per gallon.
The conflict between the U.S. and Iran increased, including Iran shutting down the Strait of Hormuz, a key oil route.
The higher gas prices contributed to inflation, lowering Americans’ income after adjusting for price changes.
Survey responses showed fewer mentions of war but more concern about food and grocery prices.
President Donald Trump met with advisers to discuss options regarding the Iran conflict.
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South Carolina Republicans have until midday Tuesday to file for a special primary election to fill the Senate seat left by the late Senator Lindsey Graham. So far, ten Republican candidates have filed for the August 11 primary.
Key Facts
The special primary is to fill the Senate seat of Senator Lindsey Graham, who recently passed away.
Republican candidates had from July 21 until 12 p.m. EDT Tuesday to file.
Ten Republicans filed by Monday.
The special primary election is scheduled for August 11.
The filing deadline is midday Tuesday.
Early voting for the primary is underway.
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The man who attacked Berlin's Pride event was known to police and was listed as a strong supporter of ISIS. Experts say German authorities had been monitoring him because of his extremist views and past crimes. There is also ongoing concern about hate crimes targeting LGBTQ+ people in Germany.
Key Facts
The attacker at Berlin Pride was a known suspect to German police.
He was described as a "hardcore ISIS sympathizer" by an extremism expert.
German authorities had the attacker on a government watchlist for extremism.
The attack happened during a Pride event, which celebrates LGBTQ+ rights.
There are data showing hate crimes against LGBTQ+ people in Germany.
Experts monitor extremist individuals to prevent attacks and violence.
The attacker had committed other crimes before this incident.
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Senator John Fetterman from Pennsylvania responded to a comment made by Michigan senatorial candidate Abdul El-Sayed. El-Sayed joked about supporting a primary challenge against Fetterman using a phrase about putting “one ogre on a pike,” and Fetterman replied by calling him “Pontiac Platner.”
Key Facts
Senator John Fetterman represents Pennsylvania.
Abdul El-Sayed is a progressive candidate running for the U.S. Senate in Michigan.
El-Sayed made a joking comment about backing a primary challenge against Fetterman.
The phrase “put one ogre on a pike” was used by El-Sayed to describe his message to the Democratic Party.
Fetterman called El-Sayed “Pontiac Platner” in response to this comment.
The exchange happened in the context of internal Democratic Party politics.
The article did not specify the full meaning or origin of “Pontiac Platner.”
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