Consumer prices spike in April, driven by soaring energy costs, with petrol prices up nearly 30 percent since last year.
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Suspending a federal tax requires an act of Congress, and there may be procedural delays before it can be achieved.
Clashes erupt in La Paz as workers protest against rising fuel prices and damaged vehicles caused by subsidy cuts.
US says it will hike tariffs to 25% because the EU has not complied with trade deal last year that set tariffs at 15%.
May Day events include calls to ‘tax the rich’ and abolish ICE amid $70bn proposed funding for immigration enforcement.
![More than 3,000 events are planned in 40 cities around the United States [Reuters/Kylie Cooper]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/05/2026-05-01T180739Z_390843763_RC2I0LAXVLNW_RTRMADP_3_MAY-DAY-USA-1777659500.jpg?resize=270%2C180&quality=80)
Senate panel approves Trump’s nominee Kevin Warsh to replace Jerome Powell as US Fed chair on party-line vote.
The deal faces regulatory scrutiny both for influence on media landscape, but also for foreign investments to fund it.
![If the merger moves forward, it would bring CBS News and CNN under one roof [File: Kylie Cooper/Reuters]](https://aljazeeranews.edgeone.app/wp-content/uploads/2026/03/2025-12-22T211528Z_1863318890_RC2VLIABNM0W_RTRMADP_3_PARAMOUNT-CBS-SIXTYMINUTES-1773758258.jpg?resize=270%2C180&quality=80)
Kevin Warsh’s confirmation hearing shines spotlight on doubts over his independence as Trump pushes again for rate cuts.
Higher global inflation forecast at 4.4 percent, up 0.6 points, driven by surging oil, gas and fertiliser costs.
Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran.
