The Trump administration has announced a $60 billion reduction in global assistance, cutting over 90% of USAID contracts and reshaping U.S. foreign aid policy. The move has sparked legal challenges and raised concerns about the future of U.S. international support.
The Trump administration has announced it is eliminating over 90% of the U.S. Agency for International Development’s (USAID) foreign aid contracts, cutting $60 billion in global assistance.
The cuts, outlined in internal memos and federal court filings, signal a dramatic shift in U.S. foreign aid policy, reducing support for international development and humanitarian efforts.
The administration justifies the cuts by citing the need to eliminate “significant waste” and inefficiencies within foreign assistance programs. This move is part of a broader effort to overhaul how the U.S. delivers foreign aid through USAID and the State Department.
President Trump and ally Elon Musk have led efforts to reduce government spending, targeting USAID projects as part of their strategy. On January 20, Trump ordered a 90-day review of foreign assistance programs, which led to an immediate freeze in funding and the shutdown of thousands of U.S.-funded projects worldwide.
The cuts have sparked legal challenges from nonprofits and contractors who rely on USAID funding. As terminations continue, the future of U.S. foreign assistance remains uncertain, with advocates questioning the impact on global stability and U.S. diplomatic influence.
The United States Agency for International Development (USAID), a cornerstone of American humanitarian outreach for over six decades, is being dismantled under the directive of Elon Musk’s Department of Government Efficiency.
The United Nations AIDS agency (UNAIDS) has warned that cuts to the U.S. Agency for International Development (USAID) funding could lead to an additional 2,000 new HIV infections every day worldwide.
The suspension of nearly all USAID funding by the Trump administration is shuttering vital humanitarian and anti-gang programs in Colombia’s poorest regions, jeopardizing the implementation of the country’s 2016 peace deal with leftist FARC rebels.
Hundreds of U.S. diplomats have formally protested the dismantling of USAID and the freeze on foreign aid, warning it undermines U.S. global leadership and strengthens adversaries like China and Russia.
In a brief ruling on Wednesday, the U.S. Supreme Court denied the Trump administration’s request to block a lower court’s order requiring the payment of nearly $2 billion in frozen USAID funds.
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.
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.
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.
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.
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.
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