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US makes confession about skyrocketing food and energy prices

US Federal Reserve Chair Jerome Powell on Thursday vowed to do whatever it takes to tackle inflation but admitted he can’t control some cost spikes, including food and prices at the pump. Powell told the Senate Banking Committee he doesn’t expect gas or grocery prices to fall as a result of the Fed’s campaign of…

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EU’s next potential sanctions target revealed

Gold is among assets that may be targeted in the next round of sanctions on Russia, Reuters reported on Tuesday, citing a draft document by EU leaders. The topic is expected to be discussed during the their regular summit on Friday.

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World’s deepest shipwreck found

The destroyer ‘Sammy B’ has been found almost 7 kilometers below the ocean surface The US Navy destroyer Samuel B. Roberts has been discovered earlier this week at a depth of almost seven kilometers (4.3 miles) below the ocean surface, which makes it the deepest shipwreck ever found, billionaire ocean explorer Victor Vescovo announced on…

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