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Wed, Dec 24, 2025 09:21 AM All times are UTC

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Pentagon Plans $50B Budget Cuts to Fund Trump's Defense Priorities

Feb 20, 2025 05:56 am UTC| Politics Governance

The Pentagon has ordered military leaders to identify $50 billion in budget cuts for fiscal year 2026 to redirect funds toward President Donald Trumps national defense priorities. Defense Secretary Pete Hegseth aims to...

U.S. Treasury Secretary Bessent Meets Hungary’s Foreign Minister to Discuss Economic and Security Ties

Feb 20, 2025 05:56 am UTC| Politics Governance

U.S. Treasury Secretary Scott Bessent met with Hungarys Foreign Minister Peter Szijjarto on Wednesday to discuss economic and national security priorities, according to a Treasury statement. The meeting, described as...

Elon Musk’s Cost-Cutting Effort Faces Scrutiny Over Savings Claims

Feb 20, 2025 05:56 am UTC| Politics Governance

Elon Musks government efficiency push, spearheaded by the Department of Government Efficiency (DOGE), claims to have saved U.S. taxpayers $8.5 billion by canceling contracts and cutting costs. However, a Reuters analysis...

Japan Seeks Tariff Exemptions as Trade Minister Muto Plans U.S. Visit

Feb 20, 2025 05:55 am UTC| Economy Politics

Japans Trade Minister Yoji Muto plans to visit the U.S. in March, aiming to secure exemptions from the Trump administrations proposed tariffs on steel and car imports, according to Asahi newspaper. Muto is coordinating...

Trump Proposes Returning Government Savings to Taxpayers, Praises Musk’s Leadership

Feb 20, 2025 05:55 am UTC| Politics

U.S. President Donald Trump suggested returning a portion of government savings to taxpayers during a Saudi-backed investment event in Miami. He proposed allocating 20% of the Department of Government Efficiency (DOGE)...

New Zealand Calls for 'Reset' in Relations with Cook Islands Over China Deal

Feb 19, 2025 07:40 am UTC| Politics

New Zealand Foreign Minister Winston Peters has called for a reset in government-to-government relations with the Cook Islands after its Pacific neighbor signed agreements with China without consultation. Speaking in...

U.S. Companies May Return to Russia Amid Renewed Talks

Feb 19, 2025 07:40 am UTC| Politics

Russias sovereign wealth fund expects some U.S. companies to re-enter the Russian market by Q2 2025, following the highest-level U.S.-Russia talks on Ukraine since 2022. Russian Direct Investment Fund chief Kirill Dmitriev...

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Economy

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

US and Japan Fast-Track $550 Billion Strategic Investment Initiative

The United States and Japan have agreed to accelerate coordination on their Strategic Investment Initiative, a major bilateral framework backed by a $550 billion fund established under the two countries tariff agreement....

Japan Plans $189 Billion Bond Issuance as Record Budget Signals Expansionary Fiscal Policy

Japan is preparing to issue new government bonds worth approximately $189 billion to help finance a record-breaking national budget for the next fiscal year, according to a draft budget reviewed by Reuters. The move...

BOJ Minutes Reveal Growing Debate Over Interest Rate Hikes and Inflation Risks

Bank of Japan (BOJ) policymakers actively debated whether to continue raising interest rates toward levels considered neutral for the economy, according to minutes from their October policy meeting released on Wednesday....

Gold Price Breaks $4,500 as Safe-Haven Demand and Rate Cut Bets Fuel Rally

Spot gold surged past the key psychological level of $4,500 per ounce for the first time on Wednesday, marking a historic milestone for the precious metal and reinforcing its status as a preferred safe-haven asset. The...

Politics

U.S. Signs $2.3 Billion Global Health MOUs With Four African Nations

The United States has signed four new global health memorandums of understanding (MOUs) with Madagascar, Sierra Leone, Botswana, and Ethiopia, reinforcing its long-term commitment to strengthening global health security...

U.S. Discusses Migrant Transfer Plan With Palau Despite Lawmaker Opposition

The United States has renewed discussions with Palau over a controversial proposal to transfer third-country nationals to the Pacific Island nation, despite clear resistance from Palaus lawmakers earlier this year....

NSW Passes Toughest Gun and Anti-Terror Laws After Bondi Beach Shooting

Australias most populous state, New South Wales, has passed sweeping new gun control and anti-terrorism laws following the deadly Bondi Beach mass shooting, marking the most significant tightening of firearm and protest...

Democratic Attorneys General Sue Trump Administration Over Proposed Limits on Gender-Affirming Care for Youth

A coalition of Democratic state attorneys general has filed a federal lawsuit seeking to block proposed rules by the Trump administration that would significantly restrict access to gender-affirming care for transgender...

U.S. Pledges Maximum Sanctions on Venezuela Amid Rising Global Tensions

The United States has told the United Nations it will impose and strictly enforce sanctions to the maximum extent against Venezuela in an effort to deprive President Nicolás Maduro of financial resources, escalating...

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...

Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions

Moore Threads Technology Co Ltd (SS:688795), often described as Chinas potential alternative to NVIDIA Corporation (NASDAQ: NVDA), attracted investor attention after unveiling a new lineup of graphics processing units at...