Musk should focus on business, says U.S. Treasury chief
U.S. Treasury Secretary Scott Bessent has urged Elon Musk to steer clear of politics and prioritise his companies, after the Tesla CEO announced the f...
Suriname’s parliament has elected Dr Jennifer Geerlings-Simons as the country’s first female president, as the South American nation faces ongoing economic challenges and prepares for future oil revenues.
Geerlings-Simons, a physician and long-time congresswoman, was elected unopposed on Sunday after her party, the National Democratic Party, formed a coalition to replace outgoing President Chandrikapersad Santokhi. She will be sworn in on 16 July.
“I am aware that the heavy task I have taken on is further aggravated by the fact that I am the first woman to serve the country in this position,” she said following the vote.
Her five-year term begins at a time of public discontent. Though Santokhi’s government secured macroeconomic gains and restructured public debt with the help of the International Monetary Fund, the austerity measures led to widespread protests.
Suriname is expecting its first offshore oil production by 2028, but Geerlings-Simons said her immediate focus will be on stabilising state finances. She and her vice president-elect, Gregory Rusland, said they will prioritise better tax collection, especially in the gold-mining sector.
Economists warn the new government faces a difficult road ahead. The country owes around $400 million annually in loan repayments and interest.
“Suriname does not have that money,” said Winston Ramautarsingh, former head of the country’s Association of Economists. “The previous government rescheduled the debts, but that was only a postponement.”
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
U.S. Treasury Secretary Scott Bessent has urged Elon Musk to steer clear of politics and prioritise his companies, after the Tesla CEO announced the formation of a new political party in defiance of President Donald Trump.
TikTok is building a new version of its app for U.S. users ahead of a planned sale to American investors, The Information reported, as President Donald Trump prepares fresh talks with China over the platform’s future.
BRICS leaders meeting in Rio de Janeiro have condemned attacks on Iran, Gaza and Kashmir, while presenting the expanded bloc as a rising force for multilateralism in a world dominated by U.S.-led policies.
Zambian authorities have cleared more than 25,000 illegal miners from a gold-rich area in Mufumbwe District, northwest Zambia.
U.S. President Donald Trump said on Sunday there is a strong chance of reaching a ceasefire agreement with Hamas in Gaza this week.
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