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Why Markets Are Getting Anxious About the Fed

The central bank is widely expected to lower its benchmark lending rate on Wednesday. But investors are worried about what comes afterward.

© Caroline Gutman for The New York Times

The shadow of President Trump could loom over Jay Powell, the Fed chair, at today’s meeting.
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50 States, 50 Fixes

We look at climate solutions across the country.

© The New York Times

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I.M.F. Prods China, Gently, on Its Weak Currency

Caught between Beijing and the Trump administration, the International Monetary Fund offered mild criticism of China for relying too heavily on exports.

© Ng Han Guan/Associated Press

Kristalina Georgieva, the managing director of the I.M.F., said on Wednesday that China’s currency should appreciate.
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‘A generation lost at sea’: the desperate Rohingya falling prey to traffickers as they flee Bangladesh

Barred from work and school in Bangladesh, thousands of refugees are making the perilous voyage to Malaysia by boat – with some beaten en route to extort even more money

Majuma Begum stayed awake until 3am waiting for her son to return from the market before accepting he was not coming home. The next day he phoned to say he was on the Bangladeshi coast, waiting to begin a boat journey to Malaysia that she had desperately tried to stop him taking.

It was the start of weeks of worry for the 58-year-old, whose fears deepened when a boat carrying Rohingya refugees capsized near Malaysia in early November, killing dozens. She felt as though she could finally breathe again when he finally reached his destination.

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© Photograph: Chaideer Mahyuddin/AFP/Getty Images

© Photograph: Chaideer Mahyuddin/AFP/Getty Images

© Photograph: Chaideer Mahyuddin/AFP/Getty Images

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Liverpool players will not try to influence Salah on his future, says Szoboszlai

  • ‘It’s going to be the club’s and his decision,’ midfielder says

  • Curtis Jones insists squad firmly behind Arne Slot

Dominik Szoboszlai has said the Liverpool dressing room will have no influence over Mohamed Salah’s next move because only the player and the club can decide how their standoff ends.

Salah missed Liverpool’s valuable Champions League win at Inter on Tuesday having been left out of Arne Slot’s squad in response to his highly critical interview at Leeds. The 33-year-old could also be absent when Liverpool host Brighton on Saturday. He is due to report for Africa Cup of Nations duty with Egypt on Monday.

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© Photograph: Lewis Storey/Getty Images

© Photograph: Lewis Storey/Getty Images

© Photograph: Lewis Storey/Getty Images

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‘The 0.001%’: a quick visual breakdown of the world’s wealthiest people

About 56,000 people control three times as much wealth as half of humanity. Here’s one way to illustrate that

Cruising around on private jets, the ultra-rich are the world’s financial elite – but how many people actually occupy this exclusive wealth club? Could they all fit into a floating mega-yacht, or is the group much bigger, possibly the size of a dazzling mega-rich city?

Thanks to an inequality report out on Wednesday, we now have a snapshot of the size of the topmost layer floating above everyone else – the 0.001%.

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© Composite: Getty Images / The Guardian / Guardian design

© Composite: Getty Images / The Guardian / Guardian design

© Composite: Getty Images / The Guardian / Guardian design

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Model Pritika Swarup’s Magic City essentials: Bikini, Miu Miu bag, secret glow

Model Pritika Swarup — who’s starred in major campaigns for Fenty Beauty, Ralph Lauren and Escada — is no stranger to Miami Art Basel or its legendary parties. Last year, after taking in inspiring exhibits, the founder and CEO of Prakti, a holistic beauty brand that draws influence from her Indian heritage, helped Cartier celebrate...

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It’s never been this hard to rent an apartment in Manhattan: report

The notorious headaches of New York City living are nothing new — but now, they’re becoming migraines. That’s according to RentCafe’s newly released year-end report, which points to the borough of Manhattan as a particular pain. Specifically, Manhattan ranked among the nation’s top five most competitive rental markets of the year for its very first...

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María Corina Machado ‘safe’ and ‘will be’ in Oslo, Nobel committee says, but will miss peace prize ceremony – Europe live

Peace prize winner Machado has been seen only once in public since going into hiding in August last year

The Oslo ceremony is about to get under way in the next few minutes.

You can follow it on our live stream here:

“First of all, on behalf of the Venezuelan people, once again, I want to thank the Norwegian Nobel committee for this immense recognition to the fight of our people for democracy and freedom.

We feel very emotional and very honoured, and that’s why I’m very sad and very sorry to tell you that I won’t be able to arrive in time for the ceremony, but I will be in Oslo and on my way to Oslo right now.

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© Photograph: Ariana Cubillos/AP

© Photograph: Ariana Cubillos/AP

© Photograph: Ariana Cubillos/AP

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Archive, 1975: Iceland opens fire on British vessel

The two European Nato countries clash in the third cod war over fishing rights in the Atlantic

After the second world war Iceland began to gradually extend the fishing zone around its coastline. The first cod war began in 1958 when it proclaimed a 12-mile fishing zone, followed by the second cod war in 1972, which extended the limit to 50 miles. In October 1975 Reykjavik decided to further increase its protected waters to a 200-mile zone, effectively cutting off British and German fishers from their best catch. This led to the third cod war which saw violent clashes and rammings. The dispute ended in June 1976 when Britain recognised the 200-mile limit.

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© Photograph: PA

© Photograph: PA

© Photograph: PA

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