Fed's Barr says future interest rate hikes 'likely' needed to tame inflation

North Korea said Thursday it has test-fired shells for an upgraded 240mm multiple rocket launcher system, stressing the need to deploy the "deadliest" attack forces along the border with South Korea. North Korea conducted a test of upgraded 240mm-caliber controlled multiple-launch rockets Tuesday under the country's five-year plan for modernizing artillery and missile forces, the Korean Central News Agency (KCNA) reported. Leading military cadres overseeing the test said "the development of range-extended rockets assures them of a significant change in the firepower readiness along the southern border," according to the report. Pak Jong-chon, vice chairman of the Central Military Commission of the ruling Workers' Party, stressed the need to "concentrate the deadliest and destructive attack forces on the southern border," according to the KCNA. "He underscored the need to make the enemy aware of the fact that we have replaced all our armed forces' long-range strike means with the latest ones at the earliest date," it said. The rockets equipped with the "autonomous pinpoint guide system" ar

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Miami International Airport was placed on lockdown following reports of shots fired on Wednesday afternoon

A prison has one of the highest rates of violence of any high-security institution in the country, with assaults being just one of several concerns.

Experts are skeptical that a diesel export ban would meaningfully reduce fuel prices in the U.S. as the Trump administration sends mixed signals about if it is considering such a move. Analysts interviewed by The Hill said that an outright ban could provide some short-term relief in certain parts of the country, but that in...

The benchmark 10-year U.S. Treasury bond yield again hit a 19-year high on Wednesday, as the market sell-off continues amid the Iran war and rising government debt. The 10-year note closed at 5.11 percent on Wednesday, up roughly 14 basis points from its closing point on Tuesday. The 10-year bond yield peaked at more than...

Pressure from the US bond market hit a new level on Wall Street after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide.

The best photos from the international wire agencies as chosen by The Age picture editors.

Fears were mounting that Labour would use a new disinformation unit, dubbed a 'Ministry of Truth' by critics, to 'silence dissent' amongst Britons criticising the Government.

Anthony Albanese has revealed An OpenAI artificial intelligence agent infiltrated Medicare.