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Trump calls for US central bank head to quit immediately

Trump nominated Mr Powell to be the Fed chair during his first term.

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• Mr Jerome Powell / Getty images

US President Donald Trump has called for the chair of the Federal Reserve to quit right away, in an escalation of his attacks on Jerome Powell.

“‘Too Late’ should resign immediately!!!”, Trump said in a post on his Truth Social platform.

He also included a link to a news article about a US federal housing regulator calling for Mr Powell to be investigated over his testimony about renovations to the central bank’s Washington headquarters.

Trump nominated Mr Powell to be the Fed chair during his first term.

Since then, he has repeatedly criticised him for not cutting interest rates but it is unclear whether the president has the authority to remove him from the post.

Despite the president’s continued criticism of Mr Powell, he said earlier this year that had “no intention of firing him”.

Trump wants the Federal Reserve to lower interest rates to help boost economic growth.

Mr Powell said on Tuesday that the Fed would have cut rates already had it not been for the impact of Trump’s tariff policies.

(From BBC News)

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International

Brazil’s Lula Wins Fourth Term In Presidential Runoff

Flávio Bolsonaro rejected the runoff result, describing it as “inexplicable” and calling for the election to be annulled.

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Brazil’s left-wing President Luiz Inácio Lula da Silva has won a fourth term in office after defeating right-wing challenger Flávio Bolsonaro in a closely fought presidential runoff.

The 80-year-old secured just under 52 per cent of the vote, overturning Bolsonaro’s first-round lead in a surprise victory that runs against a wider shift towards right-wing leadership across Latin America.

Addressing cheering supporters in São Paulo, Lula thanked voters for what he described as their defence of Brazilian democracy.

The victory follows a bitter election campaign between the veteran left-wing leader and Bolsonaro, whose father, former President Jair Bolsonaro, is serving a prison sentence under house arrest for plotting a coup after losing the previous presidential election.

Flávio Bolsonaro rejected the runoff result, describing it as “inexplicable” and calling for the election to be annulled.

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JUST IN: Four Pilots Die After Mid-Air Collision of Military Planes in Philippine

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Four Philippine Air Force pilots died Friday after two SF-260 trainer aircraft collided mid-air during a training flight and crashed at Fernando Air Base in Lipa City, Batangas, south of Manila, the air force confirmed Saturday.

The accident occurred at about 3:51 p.m. local time on October 23, 2026. Both single-propeller planes went down within the base perimeter. No other casualties were reported on the ground.

Philippine Air Force spokesman Colonel Alvin Capinguian (also referred to as Alvin Jay Capinguian) said the aircraft were involved in a training flight. Officials with knowledge of the incident, speaking anonymously, and local reports confirmed the planes collided while flying at low altitude. Some accounts noted they were part of a larger formation or flyby rehearsal, with other aircraft landing safely.

The air force described it as an “aviation accident” and said an investigation is underway to determine the cause. As a precaution, the entire fleet of SF-260 aircraft has been temporarily grounded. The air force is coordinating assistance with the families of the deceased and asked the public to respect their privacy. One of the pilots was later identified in some reports as 1st Lt. Angeleo Adrian Peñaflor.

The SF-260 is a light Italian-designed trainer used by the Philippine Air Force. The incident is the latest fatal crash involving the type; two pilots were killed in a similar SF-260 training accident in Benguet province in May.

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“Mother of all bombs,” Trump Plans To Hit Iran

The 21,600-pound airburst weapon is designed to affect surface targets over a wide area and has so far not been deployed by the U.S. in previous strikes on targets inside Iran. It was used in Afghanistan in 2017 during the previous Trump administration.

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The U.S. military is considering use of the GBU-43/B Massive Ordnance Air Blast (MOAB) bomb if it resumes strikes inside Iran, CNN reported Thursday, citing U.S. officials.

The 21,600-pound airburst weapon is designed to affect surface targets over a wide area and has so far not been deployed by the U.S. in previous strikes on targets inside Iran. It was used in Afghanistan in 2017 during the previous Trump administration.

Trump said Oct. 8 that he would not resume U.S. strikes on Iran before the Nov. 3 midterm elections, while attacks on shipping near the Strait of Hormuz and deadly Houthi strikes in Saudi Arabia have raised regional tensions.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said Tehran will combine military capabilities and negotiations to press its demands.

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