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2 students dead in Iowa shooting

HOUSTON - Two students are dead after a shooting Monday in downtown Des Moines in the US state of Iowa. Police said the shooting happened at a nonprofit agency called Starts Right Here, according to the Des Moines Register newspaper. The students were found with critical gunshot wounds and taken to the hospital, where they later died. Investigators said a third person, an adult employee, was in serious condition. Authorities said three people were taken into custody. Police chased down one suspect who fled the scene. The two others were found in a nearby parked car. "It's terrifying. We're all worried. We went on lockdown," said Nicole Krantz, who worked in the office building next door. "We were all told to stay away from the windows because we weren't sure if they caught the guy," she told the Register. Police continue to investigate the shooting but said the victims were targeted. "There was nothing random," said Sgt. Paul Parizek of the Des ....

United States , Des Moines , Des Moines Police Department , Matt Smith , Nicole Krantz , Paul Parizek , Starts Right Here , Des Moines Register , Des Moines Police , Superintendent Matt Smith , Houston Two Students Are Dead Aftera Shooting Monday In Downtown Des Moines The Us State Of Iowa Police Said Happened Ata Nonprofit Agency Called Starts Right Here , Ccording To The Des Moines Register Newspaper Students Were Found With Critical Gunshot Wounds And Taken Hospital , Here They Later Died Investigators Saida Third Person , N Adult Employee , As In Serious Condition Authorities Said Three People Were Taken Into Custody Police Chased Down One Suspect Who Fled The Scene Two Others Found Ina Nearby Parked Car Quot It 39s Terrifying We 39 Re All Worried Went On Lockdown , Uot Said Nicole Krantz , Ho Worked In The Office Building Next Door Quot We Were All Told To Stay Away From Windows Because Weren 39t Sure If They Caught Guy , Uot She Told The Register Police Continue To Investigate Shooting But Said Victims Were Targeted Quot There Was Nothing Random , Uot Said Sgt Paul Parizek Of The Des Moines Police Department Quot Why Is One Thing That Sometimes We Never Know , Nless Somebody Tells Us The Why Quot We Are Saddened To Learn Of Another Act Gun Violence , Specially One That Impacts An Organization Works Closely With Some Of Our Students , Uot Said Des Moines Schools Interim Superintendent Matt Smith Ina Statement Quot Our Thoughts Are With Any Victims Of This Incident And Their Families Friends , Uot He Added Anadolu ,

Lower inflation requires below-trend economic growth: Fed chair

ANKARA The Federal Reserve Chair Jerome Powell said Wednesday that reducing the record-high inflation in the United States will require a below-trend growth in the American economy for some time. "Reducing inflation is likely to require a sustained period of below-trend (economic) growth, and it will very likely be some softening of labor market conditions," Powell told a news conference after the conclusion of its two-day meeting. The Fed, in its much-anticipated meeting, raised its benchmark interest rate by 75 basis points for the third consecutive time to fight record inflation, carrying the target range for the federal funds rate to the 3.00 percent to 3.25 percent range. "We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%," Powell said. He said price stability serves as the bedrock of the American economy, adding "Without price stability, the economy does not work for anyone." Pow ....

United States , Turkey General , Jerome Powell , Market Committee , Federal Reserve , Federal Reserve Chair Jerome Powell , Federal Open Market Committee , Jackson Hole , Ankara The Federal Reserve Chair Jerome Powell Said Wednesday That Reducing Record High Inflation In United States Will Requirea Below Trend Growth American Economy For Some Time Quot Is Likely To Sustained Period Of Economic , Nd It Will Very Likely Be Some Softening Of Labor Market Conditions , Uot Powell Tolda News Conference After The Conclusion Of Its Two Day Meeting Fed , N Its Much Anticipated Meeting , Aised Its Benchmark Interest Rate By 75 Basis Points For The Third Consecutive Time To Fight Record Inflation , Arrying The Target Range For Federal Funds Rate To 3 00 Percent 25 Quot We Are Moving Our Policy Stance Purposefully Toa Level That Will Be Sufficiently Restrictive Return Inflation 2 , Uot Powell Said He Price Stability Serves As The Bedrock Of American Economy , Dding Quot Without Price Stability , He Economy Does Not Work For Anyone Quot Powell Said The Federal Open Market Committee Fomc Members Are Acutely Aware That High Inflation Imposes Significant Hardship As It Erodes Purchasing Power Will Be Looking Compelling Evidence Over Coming Months Is Moving Down And Returning To 2 Percent , Nd Added That The Pace Of Interest Rate Increases Will Depend On Incoming Macroeconomic Data Powell , Gain Signaled That The Fed Could Puta Break On Rate Hikes Quot At Some Point , S The Stance Of Monetary Policy Tightens Further , T Will Become Appropriate To Slow The Pace Of Increases While We Assess How Our Cumulative Policy Adjustments Are Affecting Economy And Inflation Quot Powell Reiterated That Fed Continue Rate Hikes Until Job Is Done As He Referred Lowering , Nd Echoed His Comments During The Jackson Hole Symposium Held At End Of August 39 Failure To Restore Price Stability Would Mean Far Greater Pain Powell Said Median For Year Projections Suggest Another 125 Basis Points , R 100 Basis Points , F Rate Increases , Ut Noted That The Fomc Did Not Vote On Decision At This Meeting Quot Chances Ofa Soft Landing Are Likely To Diminish Extent Policy Needs Be More Restrictive , Uot Powell Said ,

World leaders express condolences over death of Gorbachev

Former Soviet President Mikhail Gorbachev (Anadolu) ISTANBUL - Leaders of many countries have expressed condolences over the death of former Soviet President Mikhail Gorbachev, who was awarded the Nobel Peace Prize in 1990 for his pivotal role in ending the Cold War. Gorbachev died on Tuesday after a prolonged illness. He was 91. The former Communist Party secretary general brought economic and political reforms to the Russian society, which critics say led to the dissolution of Soviet Union. While Russian President Vladimir Putin offered his "deep condolences," over the death, US President Joe Biden described Gorbachev as a "man of remarkable vision," praising his efforts to end the Cold War. "Few high-level Soviet officials had the courage to admit that things needed to change. As a member of the Senate Foreign Relations Committee, I saw him do that and more," he said in a statement. "Even years after leaving office, he was still deeply engaged.&quo ....

United Kingdom , Turkey General , Russian Federation , Antonio Guterres , Mikhail Gorbachev , Joe Biden , Josep Borell , Jens Stoltenberg , Vladimir Putin , Olaf Sholz , Isaac Herzog , Boris Johnson , European Commission , Senate Foreign Relations Committee , United Nations , Soviet President Mikhail Gorbachev , Nobel Peace Prize , Communist Party , Russian President Vladimir Putin , General Jens Stoltenberg , Soviet Union , Cold War , General Antonio Guterres , Commission President Ursula , Prime Minister Boris Johnson , President Olaf Sholz ,

Covid-19 pandemic increases global use of digital payments: WB

ANKARA - The coronavirus pandemic increased the use of digital payments globally, the World Bank said Wednesday. "The Covid-19 pandemic has spurred financial inclusion - driving a large increase in digital payments amid the global expansion of formal financial services. This expansion created new economic opportunities, narrowing the gender gap in account ownership, and building resilience at the household level to better manage financial shocks," it said. The World Bank said 76 percent of adults had an account at a bank, other financial institution or with a mobile money provider as of 2021, which is up from 68 percent in 2017 and 51 percent in 2011. The growth in account ownership was evenly distributed in more countries as the percentage of ownership has increased double digits in 34 countries since 2017. In developing economies, the share of adults making digital payments grew from 35 percent in 2014 to 57 percent in 2021. "The digital revolution has catalyzed increa ....

Turkey General , David Malpass , World Bank Group , World Bank , Bank Group President David Malpass , Ankara The Coronavirus Pandemic Increased Use Of Digital Payments Globally , He World Bank Said Wednesday Quot The Covid 19 Pandemic Has Spurred Financial Inclusion Drivinga Large Increase In Digital Payments Amid Global Expansion Of Formal Services This Created New Economic Opportunities , Arrowing The Gender Gap In Account Ownership , Nd Building Resilience At The Household Level To Better Manage Financial Shocks , Uot It Said The World Bank 76 Percent Of Adults Had An Account Ata , Ther Financial Institution Or Witha Mobile Money Provider As Of 2021 , Hich Is Up From 68 Percent In 2017 And 51 2011 The Growth Account Ownership Was Evenly Distributed More Countries As Percentage Of Has Increased Double Digits 34 Since Developing Economies , He Share Of Adults Making Digital Payments Grew From 35 Percent In 2014 To 57 2021 Quot The Revolution Has Catalyzed Increases Access And Use Financial Services Across World , Ransforming Ways In Which People Make And Receive Payments , Land Save , Uot World Bank Group President David Malpass Said Quot Creating An Enabling Policy Environment , Romoting The Digitalization Of Payments , Nd Further Broadening Access To Formal Accounts And Financial Services Among Women The Poor Are Some Of Policy Priorities Mitigate Reversals In Development From Ongoing Overlapping Crises , Uot He Added Anadolu ,

US Fed raises interest rates by 75 bp, biggest hike in 28 years

ANKARA - The US Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, marking its biggest rate hike in 28 years. The Federal Open Market Committee (FOMC) said in a statement that it decided to raise the target range for the federal funds rate to 1.5 percent to 1.75 percent. The largest interest rate increase since 1994 was approved by all FOMC members, except for Kansas City Fed President Esther George who voted for a 50 basis point rate hike. The FOMC added it anticipates "ongoing increases in the target range will be appropriate." "The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals," it said. "The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international de ....

Turkey General , Jerome Powell , Esther George , Market Committee , Federal Open Market Committee , Kansas City Fed President Esther George , Chair Jerome Powell , Ankara The Us Federal Reserve On Wednesday Raised Its Benchmark Interest Rate By 75 Basis Points , Arking Its Biggest Rate Hike In 28 Years The Federal Open Market Committee Fomc Said Ina Statement That It Decided To Raise Target Range For Funds 1 5 Percent 75 Largest Interest Increase Since 1994 Was Approved By All Members , Xcept For Kansas City Fed President Esther George Who Voted Fora 50 Basis Point Rate Hike The Fomc Added It Anticipates Quot Ongoing Increases In Target Range Will Be Appropriate Committee Would Prepared To Adjust Stance Of Monetary Policy As If Risks Emerge That Could Impede Attainment 39s Goals , Uot It Said Quot The Committee 39s Assessments Will Take Into Accounta Wide Range Of Information , Ncluding Readings On Public Health , Labor Market Conditions , Nflation Pressures And Inflation Expectations , Nd Financial And International Developments , Uot It Added The Fomc Said Is Strongly Committed To Returning Inflation Its 2 Percent Objective Us Annual Consumer Climbed 8 6 In May , He Highest Level In More Than 40 Years Fed Chair Jerome Powell Later Said The Central Bank Understands Hardship Caused By Inflation , Dding Quot We Are Strongly Committed To Bring Inflation Down And Moving Expeditiously Do So The Labor Market Is Extremely Tight Much Too High , Uot He Said Ata Post Meeting Press Conference Quot The Tightening Conditions Seen In Recent Months Should Continue To Tamper Growth , Nd Help Bring Demand Into Better Balance With Supply Quot Powell Said The Pace Of Rate Hikes Will Depend On Incoming Macroeconomic Data And Ongoing Outlook Economy Clearly , Oday 39s 75 Basis Points Of Increase Is An Unusually Large One , Ndi Do Not Expect Moves Of This Size To Be Common From The Perspective Today , Ithera 50 Basis Point Ora 75 Increase Seems Most Likely At Our Next Meeting Quot Powell Underlined That The Fomc Will Make Its Interest Rate Decisions By Economy Often Evolves In Unexpected Ways Inflation Is Obviously Surprising To Upside Over Past Year , Nd Further Surprises Could Be In Store We Need To Nimble Are Highly Attentive Inflation Risks And Determined Take The Measures Necessary Restore Price Stability , Uot He Added Anadolu ,