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.
Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday rejected holding negotiations with the United States over a nuclear deal, as a letter was delivered from U.S. President Donald Trump calling for such talks.
Egypt expressed its approval of U.S. President Donald Trump’s recent remarks stating that no Palestinians would be expelled from the Gaza Strip.
As the United Nations marks its 80th anniversary, it seeks efficiency improvements and budget cuts amid ongoing financial constraints.
U.S. President Donald Trump said on Tuesday he will buy a new Tesla car to show support for the electric carmaker's chief and his ally Elon Musk amid recent "Tesla Takedown" protests and the slump in the company's stock price.
US and Ukrainian officials have begun talks in Jeddah, Saudi Arabia, to explore the possibility of a peace deal with Russia, with Ukraine proposing a partial ceasefire to regain US support.
President Donald Trump told NATO Secretary-General Mark Rutte on Thursday that U.S. control of Greenland is necessary for international security, escalating his campaign to annex the Arctic island.
Azerbaijan and Armenia have finalized a historic peace agreement, marking a major step toward ending decades of conflict, with both sides agreeing on all remaining articles.
The U.S. is set to resume shipments of Ground-Launched Small Diameter Bombs (GLSDB) to Ukraine after upgrading them to counter Russian jamming, sources told Reuters.
Ukrainian President Volodymyr Zelenskyy's Chief of Staff, Andriy Yermak, has stated that Ukraine will never accept a "frozen conflict," reaffirming the country's commitment to restoring its territorial integrity and sovereignty.
Italy’s League party urges the government to favour Starlink over French-led Eutelsat for satellite communication systems, citing Starlink's technological edge. The push comes amid delays in the EU’s IRIS² program, as Italy seeks secure communication solutions for officials.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
The Organization of Islamic Cooperation (OIC) is set to condemn Trump’s Gaza “Riviera” plan, backing Egypt’s $53 billion reconstruction proposal. A classified draft resolution, rejects the relocation of Gazans, calls for urgent international support, and mobilises opposition to the U.S. stance.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
President Donald Trump told NATO Secretary-General Mark Rutte on Thursday that U.S. control of Greenland is necessary for international security, escalating his campaign to annex the Arctic island.
The U.S. is set to resume shipments of Ground-Launched Small Diameter Bombs (GLSDB) to Ukraine after upgrading them to counter Russian jamming, sources told Reuters.
Ukrainian President Volodymyr Zelenskyy's Chief of Staff, Andriy Yermak, has stated that Ukraine will never accept a "frozen conflict," reaffirming the country's commitment to restoring its territorial integrity and sovereignty.
U.S. President Donald Trump said on Thursday that his special envoy, Steve Witkoff, is engaged in serious discussions with Russia to negotiate an end to the war in Ukraine.
Canada has initiated a formal dispute complaint against the United States at the World Trade Organization (WTO) over its imposition of import duties on certain steel and aluminium products from Canada.
President Donald Trump told NATO Secretary-General Mark Rutte on Thursday that U.S. control of Greenland is necessary for international security, escalating his campaign to annex the Arctic island.
Azerbaijan and Armenia have finalized a historic peace agreement, marking a major step toward ending decades of conflict, with both sides agreeing on all remaining articles.
The U.S. is set to resume shipments of Ground-Launched Small Diameter Bombs (GLSDB) to Ukraine after upgrading them to counter Russian jamming, sources told Reuters.
Ukrainian President Volodymyr Zelenskyy's Chief of Staff, Andriy Yermak, has stated that Ukraine will never accept a "frozen conflict," reaffirming the country's commitment to restoring its territorial integrity and sovereignty.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment