Trump nominates Bessent to be US treasury secretary
President-elect Donald Trump picked prominent investor Scott Bessent to take on the role of U.S. treasury secretary.
"A defeat does not mean we're defeated," US President Joe Biden told disappointed Democrats after Donald Trump's election win. He urged Americans to "bring down the temperature."
Joe Biden said Tuesday's election had proven the integrity of the U.S. electoral system and pledged an orderly transfer of power - an implicit rebuke of Trump, who sought to overturn his 2020 defeat to Biden and raised baseless claims of fraud during this year's campaign as well.
"Something I hope we can do no matter who you voted for is see each other not as adversaries but as fellow Americans, bring down the temperature," Biden said. "I also hope we can lay to rest the question about the integrity of the American electoral system. It is honest, it is fair, and it is transparent. And it can be trusted, win or lose."
Biden invited Trump to come meet at the White House -- a courtesy Trump did not offer to Biden in 2020 -- and Trump's campaign said the president-elect would go. In the weeks ahead, Trump will select personnel to serve under his leadership.
Some Democrats have blamed Biden, 81, for Harris' defeat, saying he should not have sought reelection. Biden only dropped his reelection bid in July after a disastrous TV debate with Trump raised alarm bells about his mental fitness.
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.
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.
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.
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.
A Russian drone strike hit residential buildings in Kharkiv late on Thursday, killing at least two people and injuring 32 others, Ukrainian officials said, as nightly attacks on the country's cities continue to mount.
In Sydney’s Bennelong, where Chinese Australians make up a large share of the electorate, the fight for votes is playing out on unexpected turf: Xiaohongshu.
The United States is relapsing into an old identity. In 2025, President Donald Trump revived the strategy that once defined the American economy — tariffs. For more than a century, from 1789 to 1913, tariffs powered U.S. government revenues and protected domestic industry.
South Korea’s top court will decide on Friday whether to remove or reinstate President Yoon Suk Yeol, whose brief martial law order sparked the country’s biggest political crisis in years.
The Pentagon’s internal debate over restructuring key military commands — including potentially ending the U.S. monopoly over NATO’s top post — has raised red flags among generals and lawmakers alike, amid growing unease in Europe.
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