President-elect Donald Trump is expected to invoke emergency powers upon taking office to accelerate U.S. energy production, including reversing key Biden-era restrictions on oil and gas drilling. The move aims to boost energy output and challenge climate-related regulations.
As President-elect Donald Trump prepares to return to the White House on Monday, he is expected to quickly activate emergency powers aimed at boosting U.S. energy production, according to multiple U.S. media outlets citing sources close to Trump.
Reports suggest that Trump plans to declare a national energy emergency immediately after his inauguration, which would include reversing the federal land and offshore oil and gas drilling bans imposed by President Biden.
In early January, Biden implemented a permanent ban on new offshore oil and gas exploration in certain U.S. coastal waters.
The incoming administration is also expected to challenge several Biden-era climate regulations, although sources have not disclosed specific details. Additionally, Trump may revise policies related to electric vehicles (EVs), potentially cutting funding for transition technologies, including subsidies for EVs.
During his campaign in late October, Trump promised to use "emergency powers to allow countries, entrepreneurs, and wealthy individuals to build large-scale plants, including AI plants," emphasizing the need for "double the energy we already have."
President Donald Trump said a deal with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans would be struck before a deadline on Saturday.
Russia and the US have initiated talks on joint rare earth metals projects, with some companies already showing interest, according to Kremlin envoy Kirill Dmitriev. This cooperation comes amid U.S. President Trump's efforts to end the Ukraine war and follows Putin's proposal for joint exploration.
Trump threatens to impose secondary tariffs on Russian oil if Moscow obstructs efforts to end the war in Ukraine, expressing frustration over Putin's comments on Zelenskiy’s leadership.
Japan vows to take decisive action as the U.S. imposes a 25% tariff on automobile imports. With autos making up 28.3% of Japan’s exports to the U.S., the move could hit its economy hard. Prime Minister Shigeru Ishiba says Tokyo is considering "all options" in response.
U.S. President Trump has stripped several former officials, including Joe Biden and Kamala Harris, of their access to classified information.
The upcoming Beatles biopic will be told through four films.
Russian billionaire Vadim Moshkovich, founder of Rusagro, faces charges of embezzling 30 billion roubles ($357 million). His arrest is among the most high-profile in Russia’s business world in recent years.
The Swiss government announced on Tuesday that the value of Russian assets frozen in the country has risen to 7.4 billion Swiss francs ($8.38 billion) by the end of March 2025, up from 5.8 billion francs last year, due to newly identified funds and ongoing investigations into sanctions violations.
Aid groups in Myanmar’s worst-hit areas urgently need shelter, food, and water after a devastating 7.7 magnitude earthquake killed over 2,700 people. Rescue efforts face challenges due to ongoing civil war, damaged infrastructure, and restricted aid access, with the toll expected to rise.
Russian forces carried out a drone attack on Ukraine’s second-largest city, Kharkiv, late Wednesday, injuring at least twenty one people and causing structural damage, according to Ukrainian officials.
French far-right leader Marine Le Pen was banned from running for public office for five years after being convicted of embezzlement, ruling her out of the 2027 presidential race. She received a four-year prison sentence, with two years suspended, and a €100,000 fine. Le Pen plans to appeal.
Apple marked its 49th anniversary by reaching a market capitalization of $3.3 trillion. Despite recent tech stock volatility, Apple's shares surged 28% in 2024.
The Armenian armed forces attempted three reconnaissance drone flights over Azerbaijan Army positions near Gerenzur, but all were successfully intercepted. Meanwhile, Armenian units repeatedly fired on Azerbaijani positions from multiple regions, escalating tensions in the area.
Russian billionaire Vadim Moshkovich, founder of Rusagro, faces charges of embezzling 30 billion roubles ($357 million). His arrest is among the most high-profile in Russia’s business world in recent years.
India's government has introduced a bill proposing sweeping reforms in the management of waqf properties, allowing non-Muslim members on waqf boards and enabling the state to determine disputed land ownership, sparking concerns among Muslim groups and opposition lawmakers.
Greece plans to invest €25 billion in a sweeping multi-year defence strategy, Prime Minister Kyriakos Mitsotakis told parliament on Wednesday, marking a major step in modernising the country’s armed forces and reinforcing its strategic posture amid regional tensions and global uncertainty.
Russian Foreign Minister Sergey Lavrov met with Vietnamese Foreign Minister Bui Thanh Son in Hanoi on Wednesday, as both nations looked to deepen their strategic partnership and navigate rising global tensions through renewed diplomatic and economic cooperation.
Real Madrid coach Carlo Ancelotti is set to appear in court on Wednesday over allegations of failing to pay €1 million in taxes on image rights earnings during his first tenure at the club. Prosecutors seek a prison sentence of nearly five years and a €3.2 million fine.
The upcoming Beatles biopic will be told through four films.
Russian billionaire Vadim Moshkovich, founder of Rusagro, faces charges of embezzling 30 billion roubles ($357 million). His arrest is among the most high-profile in Russia’s business world in recent years.
The Swiss government announced on Tuesday that the value of Russian assets frozen in the country has risen to 7.4 billion Swiss francs ($8.38 billion) by the end of March 2025, up from 5.8 billion francs last year, due to newly identified funds and ongoing investigations into sanctions violations.
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