U.S President Donald Trump says he's ordered Treasury Secretary Scott Bessent, to stop production of the one-cent coin, also known as the 'penny'. Trump made his comment on his Truth Social media account.
The U.S. cent or penny has been around since 1793 when the government first issued them. But now it's set to become a thing of the past.
U.S. President Donald Trump has announced that he's asked the Treasury Secretary Scott Bessent to stop producing them.
Trump made the announcement on his Truth Social media account, claiming them as 'wasteful.'
He says they cost more than 2 cents to make.
Since 1909, it has featured President Abraham Lincoln on its copper surface. However, the penny’s relevance has been debated for years, with critics arguing it has outlived its usefulness and often ends up forgotten.
Supporters say the penny helps stabilize prices and benefits charities. If eliminated, prices may be rounded off, simplifying transactions. This change could be a major shift in U.S. currency history.
Donald Trump has withdrawn his appeal in a lawsuit against Twitter (now X) over the suspension of his account following the January 6, 2021, Capitol riot. A joint court filing, first reported by Bloomberg, shows that lawyers for both Trump and X requested the case be dismissed, effectively ending th
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Billionaire Elon Musk has stated that he is not interested in purchasing TikTok, despite speculation following U.S. President Donald Trump’s remarks suggesting he could buy the app.
President Donald Trump announced on Truth Social that he has ordered U.S. Treasury Secretary Scott Bessent to halt production of the one-cent penny, citing excessive costs.
Iran's President, Masoud Pezeshkian, expressed doubts about the United States' readiness for negotiations, accusing President Trump of undermining diplomatic efforts with new sanctions aimed at weakening the Iranian revolution.
Greece has declared a state of emergency on Santorini as the island faces ongoing earthquakes, with tremors reaching up to 5.3 in magnitude. In response, the government has introduced temporary measures to protect workers and businesses, including compensation and job retention initiatives.
AnewZ's Orkhan Amashov speaks with Maurice Hirsch, from the Jerusalem Centre for Security and Foreign Affairs on the most serious crisis of the fragile ceasefire deal, in face of Israel and Hamas mutual accusations of violations of the deal as Hamas delays the further release of hostages.
Louise, 11, vanished on her way home from school in northern France on Friday.
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China has launched a planetary defense team to address the potential threat of asteroid 2024 YR4, which has a 2.2% chance of impact in 2032. Led by SASTIND, the initiative focuses on asteroid tracking and impact prevention, marking China's growing role in global space defense efforts.
The Sarandí stream in Buenos Aires, Argentina, turned bright red on Thursday for unknown reasons, raising concerns among authorities and residents. The waterway, which flows into the Río de la Plata, is under investigation to determine the cause.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Azerbaijan has halted activities of “Russian House” in Baku according to local media reports on Thursday, following accusations of espionage. This is being described as an escalation of tensions between the two countries.
A major fire erupted near Istanbul’s historic Spice Bazaar in the Eminonu district on Thursday, quickly spreading to nearby buildings. Emergency teams, including firefighters and medical personnel, were dispatched to control the blaze and ensure public safety.
Elon Musk has called for the shutdown of Radio Free Europe/Radio Liberty (RFE/RL) and Voice of America (VOA), arguing that the U.S.-funded media outlets serve as government propaganda tools and waste taxpayer money.
The James Webb Space Telescope (JWST) continues to provide stunning insights into the universe.
The risk of an asteroid impact on Earth has doubled within a week, though there are currently no plans to build a deflection spacecraft for the 90-metre-wide space rock.
Greece has declared a state of emergency on Santorini as the island faces ongoing earthquakes, with tremors reaching up to 5.3 in magnitude. In response, the government has introduced temporary measures to protect workers and businesses, including compensation and job retention initiatives.
Louise, 11, vanished on her way home from school in northern France on Friday.
China has integrated DeepSeek AI to boost efficiency, automating 60% of administrative tasks and improving public services. The AI system enhances decision-making, reduces congestion, speeds up project evaluations, and cuts costs, aligning with China’s digital transformation goals.
Greece has declared a state of emergency on Santorini as the island faces ongoing earthquakes, with tremors reaching up to 5.3 in magnitude. In response, the government has introduced temporary measures to protect workers and businesses, including compensation and job retention initiatives.
AnewZ's Orkhan Amashov speaks with Maurice Hirsch, from the Jerusalem Centre for Security and Foreign Affairs on the most serious crisis of the fragile ceasefire deal, in face of Israel and Hamas mutual accusations of violations of the deal as Hamas delays the further release of hostages.
Louise, 11, vanished on her way home from school in northern France on Friday.
China has integrated DeepSeek AI to boost efficiency, automating 60% of administrative tasks and improving public services. The AI system enhances decision-making, reduces congestion, speeds up project evaluations, and cuts costs, aligning with China’s digital transformation goals.
China has launched a planetary defense team to address the potential threat of asteroid 2024 YR4, which has a 2.2% chance of impact in 2032. Led by SASTIND, the initiative focuses on asteroid tracking and impact prevention, marking China's growing role in global space defense efforts.
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