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.
US President Donald Trump is willing to attend the upcoming Russia–Ukraine peace negotiations in Istanbul, but only if Russian President Vladimir Putin confirms his participation, Trump’s special envoy to Ukraine said.
US President Donald Trump will briefly meet Syria’s new President Ahmad al-Sharaa during his visit to Saudi Arabia, in a move signalling potential policy shifts towards Damascus.
Israeli Defence Minister Israel Katz issued a stern warning on Thursday, stating that Yemen's Houthi rebels will face severe retaliation if they continue launching attacks on Israel. He emphasized that the Israeli Defence Forces are fully prepared to respond to any threat.
On May 8, 2025, the United States proudly commemorates the 80th anniversary of the Allied victory over fascism and the end of World War II in Europe- a defining triumph for freedom and democracy.
President Trump has unveiled plans to rebuild and reopen Alcatraz prison to detain America’s most dangerous criminals, calling it a return to a time when the country dealt more firmly with lawlessness.
The UK is heading into summer with a growing threat of drought, as river flows across the country hit exceptionally low levels.
Cambodia's armed forces launched their largest-ever Golden Dragon joint military exercise with China on Wednesday, set to include land, sea, and air operations over the next two weeks.
Russian-born scientist and Harvard University research associate Kseniia Petrova, 31, has been criminally charged in the United States for attempting to smuggle frog embryo samples into the country, federal prosecutors in Boston announced.
Iranian President Masoud Pezeshkian said Tehran will not shift its stance on the nuclear agreement despite pressure from the United States.
In Foshan, southern China, many factories are quiet where workers should be assembling high-end air fryers for the US market.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
U.S. President Donald Trump kicked off his Gulf tour with a high-profile visit to Saudi Arabia, securing a major strategic economic agreement and pledging deep investment ties between the two nations.
Millions of voters in Romania, Poland, and Portugal will head to the polls this Sunday, with crucial elections that could shape the future of their countries amid rising political tensions.
Hungary’s parliament is reviewing a bill that would give authorities sweeping powers to monitor, penalize, or ban groups accused of threatening national sovereignty through foreign funding.
Cambodia's armed forces launched their largest-ever Golden Dragon joint military exercise with China on Wednesday, set to include land, sea, and air operations over the next two weeks.
Russian-born scientist and Harvard University research associate Kseniia Petrova, 31, has been criminally charged in the United States for attempting to smuggle frog embryo samples into the country, federal prosecutors in Boston announced.
Iranian President Masoud Pezeshkian said Tehran will not shift its stance on the nuclear agreement despite pressure from the United States.
The UK is heading into summer with a growing threat of drought, as river flows across the country hit exceptionally low levels.
Cambodia's armed forces launched their largest-ever Golden Dragon joint military exercise with China on Wednesday, set to include land, sea, and air operations over the next two weeks.
Russian-born scientist and Harvard University research associate Kseniia Petrova, 31, has been criminally charged in the United States for attempting to smuggle frog embryo samples into the country, federal prosecutors in Boston announced.
Iranian President Masoud Pezeshkian said Tehran will not shift its stance on the nuclear agreement despite pressure from the United States.
In Foshan, southern China, many factories are quiet where workers should be assembling high-end air fryers for the US market.
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