WASHINGTON (AA) – President-elect Donald Trump nominated veteran Wall Street financier Howard Lutnick on Tuesday to become the head of the Commerce Department. Lutnick will lead “our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative,” Trump said on Truth So...
Republicans are considering cuts to Medicaid and Supplemental Nutrition Assistance Program (SNAP) benefits to offset the cost of extending tax cuts for the wealthy and corporations. As the GOP prepares to take control of Congress, there are discussions about introducing strict work requirements and spending caps on these programs. The proposed...
WASHINGTON (AA) – President-elect Donald Trump has picked former congressman and Fox Business host Sean Duffy as transportation secretary in his next administration. In a statement, Trump called Duffy a “tremendous and well-liked public servant,” saying he was “a respected voice and communicator” in the Republican...
ISTANBUL (AA) – President-elect Donald Trump announced Saturday that Chris Wright will join his administration as energy secretary and become a member of the newly-formed Council of National Energy. Wright, a prominent figure in the energy sector, has experience in the nuclear, solar, geothermal and oil and gas industries. Trump highligh...
ISTANBUL (AA) – Though it has yet to be established, a department tasked with cutting US government spending headed by tech mogul Elon Musk has begun accepting staff applications, seeking to hire “revolutionaries” with high IQ scores. “We need super high-IQ small-government revolutionaries willing to work 80+ hours per week o...
LONDON (AA) – The climate financing needs of low and middle-income countries, which are projected to exceed $2 trillion per year by 2030, are among the key topics at the 2024 UN Climate Change Conference (COP29) which began Monday in Azerbaijan’s capital, Baku. COP29, which runs until Nov. 22, will be a platform for discussing […]...
India’s Adani Group has halved its electricity supply to Bangladesh. This reduction comes as Bangladesh grapples with power shortages, prompting efforts to bridge the gap by activating additional power plants, according to Rezaul Karim, chairman of the Bangladesh Power Development Board. The Godda coal-fired power plant in the Indian province...
ISTANBUL (AA) – The UK launched its first government-backed four-day workweek trial on Monday, allowing over 1,000 employees to work fewer days without a pay cut. Seventeen businesses, including the British Society for Immunology and Crate Brewery, will test shorter schedules, with some opting for a nine-day fortnight model, according to...
Political observers are noting that as Democratic candidates are rallying around Federal Trade Commission Chair Lina Khan, Vice President Kamala Harris is noticeably absent. Although candidates in Arizona, Texas, and Illinois have embraced Khan’s bold antitrust agenda, Harris has opted not to appear with her. Observers say she is distancing he...
BERLIN (AA) – If Donald Trump is re-elected, his four-year term could cost Germany up to €180 billion (approximately $194.2 billion) in a “trade war,” German Economic Institute (IW) said in a report released on Thursday. According to the report, Trump’s pledge to increase tariffs to reduce the US trade deficit could cause sig...
