US stocks move sideways, shruggging off low-key Fed meeting

Wall Street stocks finished little changed Wednesday after the Federal Reserve kept interest rates unchanged, while the dollar rebounded somewhat from the prior session’s slide.The Fed, as expected, voted to maintain rates at a range between 3.50 percent and 3.75 percent. Fed Chair Jerome Powell said the status-quo move made sense as the central bank monitors economic data after cutting three straight times due to signs of a weakening labor market.Major US indices, which were directionless prior to the 1900 GMT Fed announcement, moved in a choppy fashion after the decision.The S&P 500 finished nearly flat at 6,978.03 after earlier touching above 7,000 points for the first time.The market had “almost zero reaction” to the Fed, said Art Hogan of B. Riley Wealth Management”The statement and the press conference really delivered no news,” Hogan said Wednesday afternoon shortly before earnings announcements from Microsoft and other large companies.The dollar recovered some of its losses from the prior session, when comments from US President Donald Trump seeming to greet a weaker US currency, sending the dollar to a four and a half year low against the euro.But the strengthening euro was among the factors that dragged on European stocks.Also weighing on Europe was a downgrade to the German government’s 2026 growth forecast to one percent from 1.3 percent previously.”The expected stimulus from economic and fiscal policy measures did not materialize quite as quickly or to the extent that we had assumed,” Economy Minister Katherina Reiche told a Berlin press conference.The CAC 40 in Paris was dragged down by renewed concerns for the luxury sector after market heavyweight LVMH posted a 13 percent slide in annual profit.LVMH shares tumbled nearly seven percent in response, while British fashion label Burberry, traded in London, fell 4.7 percent.Elsewhere, the price of gold struck a new peak as skittishness over the dollar pushes some investors towards the metal as a safe-haven investment.US retail giant Amazon slid 0.6 percent after announcing that it is cutting 16,000 jobs worldwide as the company tries to streamline amid its major push into AI.But shares in Dutch tech giant ASML, the global leader in the machines that make semiconductors, jumped after the company announced a strong rise in annual profits and a buoyant outlook, while also saying it would cut hundreds of management jobs.- Key figures at around 2130 GMT -New York – Dow: FLAT at 49,015.60 (close)New York – S&P 500: FLAT at 6,978.03 (close)New York – NASDAQ Composite: UP 0.2 percent at 23,857.45 (close)London – FTSE 100: DOWN 0.5 percent at 10,154.43 (close)Paris – CAC 40: DOWN 1.1 percent at 8,066.68 (close)Frankfurt – DAX: DOWN 0.3 percent at 24,822.79 (close)Tokyo – Nikkei 225: UP 0.1 percent at 53,358.71 (close)Hong Kong – Hang Seng Index: UP 2.6 percent at 27,826.91 (close)Shanghai – Composite: UP 0.3 percent at 4,151.24 (close)Euro/dollar: DOWN at $1.1944 from $1.2041Pound/dollar: DOWN at $1.3797 from $1.3849Dollar/yen: UP at 153.38 yen from 152.21 yen on TuesdayEuro/pound: DOWN at 86.56 pence from 86.94 penceBrent North Sea Crude: UP 1.2 percent at $68.40 per barrelWest Texas Intermediate: UP 1.3 percent at $63.21 per barrelburs-jmb/jgc

US capital Washington under fire after massive sewage leak

A nonprofit says authorities in the US capital Washington have failed to properly warn the public about a massive sewage leak into the Potomac River, thought to be among the largest such spills in the nation’s history.A six-foot-wide rupture in an aging line on January 19 released 40 million gallons of raw effluent until January 24, when DC Water, the city’s water utility, activated a bypass that channeled the flow through a canal and back into another section of the line.Overflow is still entering the river, albeit at a reduced rate, as workers try to plug the gap — efforts that have been hampered by subzero temperatures and one of the worst snowstorms in years, which has yet to be fully cleared days after it passed.Dean Naujoks of the nonprofit Potomac River Keeper Network said that while it was clear that authorities were doing their best to contain the spill, they had failed to adequately convey public-health risks to the public.”I’ve dealt with a lot of sewage spills, but this is definitely the largest I’ve ever dealt with,” he told AFP, adding his organization estimated that 300 million gallons had now entered the river.That figure is equivalent to around 450 Olympic-sized swimming pools and higher than a reported 230- million gallon spill along the US-Mexico border in 2017.Sampling by the group found levels of E. coli bacteria at 12,000 times higher than limits set by authorities for human contact, said Naujoks, who added that he returned to the rupture site again on Wednesday to test for other contaminants.E. coli is a type of bacteria that resides in mammal guts and is considered a proxy indicator for water quality and pollution levels. “It’s really concerning and yet, we’re the only ones doing the sampling,” he added.Public-health agencies typically issue advisories in summer, when people are more likely to recreate in the water, including paddling and fishing. So far, the state of Maryland has activated a shell fish consumption advisory, but the District of Columbia has not taken similar steps.The Potomac, which flows along Washington’s western edge and past its monuments, is both the capital’s defining waterway and a major source of drinking water for the region.The rupture occurred at Lock 10, just upstream of CIA headquarters in neighboring Virginia, creating a foul stench in the surrounding area.DC Water says there is no impact on drinking water because the Washington Aqueduct’s main intake points are upstream of the break.In an email to AFP, DC Water spokeswoman Sherri Lewis said: “After the overflow is fully contained and the pipe repaired, work will begin to assess the areas where the overflow occurred,” adding that the work would be carried out with relevant partner agencies.She added that the ruptured line was built in the 1960s and that DC Water had scheduled the section for remediation under a $625 million plan, but work had not yet begun.

Anti-immigration protesters force climbdown in Sundance documentary

When immigration officials came to arrest two men targeted for deportation, a community sprang into action to protest what they said was a brutal policy by an inhumane government.With little more than cellphones and a righteous sense of injustice, a handful of people spread the word that they needed to take a stand.Dozens, then hundreds, then thousands more arrived to confront the authorities to stop their neighbors being taken away.But this was not Minneapolis in 2026 — it was Scotland’s Glasgow in 2021. The community effort worked; the men were released.”Everybody to Kenmure Street” was perhaps the most timely documentary at this year’s Sundance Film Festival.Director Felipe Bustos Sierra pieced together the events using cellphone footage from some of the estimated 2,500 people who answered the call from WhatsApp groups, book club text message circles or Facebook livestreams.What emerged was an uplifting portrait of a spontaneous, organic and leaderless protest in Pollockshields, an ethnically diverse suburb of Glasgow.  – ‘Drip, drip, drip’ -Tabassum Niamat had been up all night preparing a family feast for Eid al-Fitr, the celebration that marks the end of the Muslim holy month of Ramadan.”Suddenly, I got these text messages,” she told AFP. “I made my way to Kenmure Street, and lo and behold, what was in front of me was a big immigration van.”A dawn raid on the first day of Eid by a team from Britain’s Home Office (interior ministry) seemed designed to inflame tensions in an area with a large South Asian population.One quick-thinking campaigner crawled underneath the van as the arrests were happening inside a home — a place he would remain for over eight hours to prevent the van moving.”It was just maybe five of us at that point. And soon after, there was 10, then it was 20…just like drip, drip, drip, until there were so many of us I couldn’t see one end of Kenmure Street to the other,” said Niamat.A growing police presence did not deter the protesters, who set up a makeshift pantry in a bus stop offering food and drinks.The local mosque also threw open its doors to allow anyone — police officers or protesters — to use the toilets.”What do you do when guests arrive at your doorstep? You feed them, you look after them,” Niamat said.As news of the protest spread, a local human rights lawyer arrived and was able to negotiate the detainees’ unconditional release. No one was seriously injured in the spontaneous protest.- Van man -Many of the locals who told the story of the protest appeared on camera, but some key characters did not. Among them was the figure dubbed simply “Van Man,” whose name was not revealed, but whose words were spoken by actress Emma Thompson, appearing to be lying under a van.Partly, explained Bustos Sierra, this was to safeguard a person who became something of a legend around Glasgow after the protest.But it was also an effort to emphasize that this protest was a collective action, and a victory for everyone.”Van Man had the opportunity,” Bustos Sierra told AFP. “Anybody could have done this. Anybody should do this. It’s the only way we move forward.”The documentary premiered at Sundance two days before 37-year-old protester Alex Pretti was shot dead by US federal agents in Minneapolis as he demonstrated against a military-style immigration crackdown in the city.While the context was different — UK police are not routinely armed, and there were no signs in the film that pepper spray or batons were used on protesters — Niamat saw parallels with Minnesota.”If you come out for your fellow man, if you come out for the sake of humanity, if you come out because you believe what’s happening is wrong, you’re instantly going to feel connected, and you’ll want to stand together.”The Sundance Film Festival runs until February 1.

La BBC, dans la tourmente, nomme un directeur général par intérim

La BBC a annoncé mercredi avoir désigné un directeur général par intérim pour suppléer Tim Davie, qui a démissionné après la controverse suscitée par un montage trompeur d’un discours de Donald Trump et quittera ses fonctions le 2 avril.Tim Davie avait annoncé sa démission le 9 novembre, alors que grandissait la polémique sur le montage …

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Amazon supprime 16.000 postes de plus dans le monde

Le géant du e-commerce américain Amazon a annoncé mercredi la suppression de 16.000 postes dans le monde, poursuivant un mouvement de réduction des coûts qu’il assure être justifié par la lutte contre la bureaucratie plutôt que par la révolution de l’intelligence artificielle, pour l’instant.Cette annonce, adressée aux employés mercredi matin, était attendue depuis celle de …

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L’Iran “prêt” à répondre aux menaces de Trump tout en se redisant ouvert à un accord sur le nucléaire

L’Iran, “le doigt sur la gâchette”, est prêt à répondre à toute attaque américaine, a affirmé mercredi le chef de la diplomatie iranienne répliquant aux menaces de Donald Trump, tout en répétant être prêt à un accord “juste et “équitable” sur le nucléaire.Abbas Araghchi a posté mercredi soir sur X un message mêlant menace et …

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“La fierté de toute une nation”: ultime hommage en Israël au dernier otage de Gaza

Israël a tourné mercredi une page traumatisante de son histoire en enterrant le dernier otage de l’attaque du 7 octobre 2023, lors de funérailles nationales où le Premier ministre Benjamin Netanyahu a averti les ennemis de son pays qu’ils paieraient un “prix exorbitant” pour toute nouvelle agression.Des milliers de personnes ont rendu hommage au policier …

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