Yemen’s Iranian-backed Houthi rebels have captured two more strategic islands in the southern Red Sea, according to Yemeni government and Houthi officials.

US President Donald Trump called for sharply lower interest rates following a decision by the Federal Reserve to raise its benchmark interest rate by 25 basis points to a target range between 3.75 per cent and 4 per cent, representing the initial rate increase since 2023 despite longstanding executive pressure for monetary easing. In a post on Truth Social, Trump asserted that US interest rates should be 1%, or less, maintaining that the nation warrants cheaper credit because We (US) are the Bes...