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US hits ICC with more sanctions, targets French judge involved in Netanyahu arrest warrant
US Secretary of State Marco Rubio on Wednesday announced more sanctions on International Criminal Court judges, saying that the court was a "national security threat" because it had sought to prosecute US or Israeli nationals. Judge Nicolas Guillou of France, who is presiding over a case in which an arrest warrant was issued for Israeli Prime Minister Benjamin Netanyahu, was among those sanctioned.
Yahoo
2 minutes ago
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Push to introduce strict footpath speed limits amid rising pedestrian deaths
Calls are growing louder to enforce a maximum speed limit for e-bikes and protections on footpaths as Australian authorities continue to grapple with a rise in pedestrian deaths. Harold Scruby, CEO of the Pedestrian Council of Australia, believes it's "madness" to allow e-bike users to cruise along at 25 km/h on paths where pedestrians walk, saying the chance of injury and death would be inevitably lower if the speed limit is simply dropped. He argues a "default speed limit of 10 km/h" on footpaths is necessary in order to rein in the collision rate and keep pedestrians safe. "The national law states that on a shared path, a cyclist must slow down and give way to pedestrians at all times, even if that means coming to a stop. So in other words, a shared path was made not to change the behaviour of pedestrians, but to very seriously regulate the behaviour of cyclists," he told Yahoo News. "It should be a default speed limit of 10 km/h if you're interacting with pedestrians." The number of pedestrians killed in Australia has risen by almost 50 per cent in the last four years, according to new statistics released this week by the Australian Automobile Association (AAA). 😟 Aussies warned as 'dangerous' discovery on road hints at growing issue 🚲 Calls for illegal e-bikes to be 'impounded and sent to recycling' 👀 Major e-bike 'licence trial' looms amid crackdown on misuse Rising rate of pedestrians killed on Australian roads Yahoo News has reported on a number of e-bike collisions that have resulted in life-altering injuries and even death, such as the Melbourne dad who was left with a compound fracture in his legs and "chunks removed from his skin" after an e-bike rider hit him. A pregnant woman required six surgeries after she was struck by an e-bike rider in Sydney in February, and last month a 17-year-old boy was charged with manslaughter after a woman was killed by an out-of-control e-motorbike in Perth. The rising rate of e-bike collisions is occurring as the country's road deaths reach a 15-year high, with figures released from the AAA reporting the number of pedestrians killed in road accidents in the last year has jumped by over 27 per cent, with an additional 44 pedestrians dying during the year to July 31 compared to the previous year. "The National Road Safety Strategy is falling well short of its targets," Association Managing Director, Michael Bradley, said. "Governments must look closely at their road trauma data to find out why, then take corrective action to save lives." with AAP Do you have a story tip? Email: newsroomau@ You can also follow us on Facebook, Instagram, TikTok, Twitter and YouTube.
Yahoo
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Dollar drifts as investors ponder Fed independence ahead of Powell speech
By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar drifted on Thursday as investors fretted about the Federal Reserve's independence after yet another attack from President Donald Trump ahead of remarks from Chair Jerome Powell later this week that could influence the outlook for rates. Trump called on Fed Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in Michigan and Georgia, intensifying his effort to gain influence over the U.S. central bank. Cook said she had "no intention of being bullied to step down" from her position at the central bank. Trump has also told aides he is considering trying to fire Cook, the Wall Street Journal reported on Wednesday. "It has the potential to raise questions around the Fed's oversight and regulatory functions but it has little to no near-term monetary policy implications," said Prashant Newnaha, senior Asia-Pacific rates strategist at TD Securities. That explained the relatively muted reaction in the currency markets to the news as the dollar initially dipped on the news but was mostly calm into the Asian session. The Japanese yen held onto gains made in previous sessions and was little changed at 147.41 per dollar, while the euro was steady at $1.1642. Sterling last fetched $1.34535. That left the dollar index, which measures the U.S. currency against six other peers, steady at 98.301. Trump has repeatedly criticised Powell for being too slow to cut rates, stoking investor worries about the central bank's independence and its credibility. Investors expect Trump will replace Powell with a more dovish appointment when his term ends in May. Trump earlier this month said he would nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a vacant Fed seat after Adriana Kugler unexpectedly resigned. Kristina Clifton, a senior economist at the Commonwealth Bank of Australia in Sydney, said if Cook resigns it would create another opening for Trump to appoint a Fed Governor who will vote to lower interest rates. "Perceived political interference in the Federal Reserve can undermine its independence, steepening the yield curve and denting the USD's safe haven status." POWELL SPEECH The main focus this week has been on whether Powell will push back against market expectations for a rate cut at the Fed's September 16-17 meeting when he speaks on Friday at the Jackson Hole meeting, following a weak jobs report for July. "Markets are adamant that recent labour market data necessitates some policy calibration and are expecting Chair Powell to tip his hat in that direction," TD's Newnaha said. Traders are pricing in an 82% chance of a 25-basis-point rate cut next month, CME FedWatch tool showed. While the odds have lowered from last week after hotter than expected producer price inflation tempered expectations, investors are still pricing in over 50 bps of easing this year. Some analysts cautioned that markets could end up being disappointed by Powell's speech, noting that the impact of Trump's tariffs on inflation remains uncertain. "It is not clear that Powell will deliver strong guidance," said Benoit Anne, managing director in the investment solutions group at MFS Investment Management. If the dovish signals elude us, there will be significant pricing out of the odds for a September cut." In other currencies, the New Zealand dollar was nursing steep overnight losses at $0.58205 after diving 1.2% to its lowest level since April. New Zealand's central bank cut interest rates on Wednesday as expected but left the door wide open to yet more easing if needed. The Australian dollar eased 0.13% to $0.64245, hovering near a two-week low. [AUD/] Sign in to access your portfolio
