live Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
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.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
German Chancellor Friedrich Merz is facing growing pressure as his approval ratings fall and the far-right Alternative for Germany (AfD) party gains support.
The U.S. imposed sanctions on the International Criminal Court's (ICC) President Tomoko Akane and a senior trial lawyer at the court Abdoulaye Seye on Tuesday, Secretary of State Marco Rubio said.
Apple has announced a major overhaul of its business terms for apps distributed in the European Union, introducing a five per cent commission on digital transactions outside its App Store and simplifying its fee structure as it seeks to comply with the bloc’s Digital Markets Act (DMA).
A record number of humanitarian workers were killed, injured or kidnapped in 2025, with the growing use of armed drones contributing to mounting risks in conflict zones, the United Nations said on Wednesday.
Former Ukrainian Defence Minister Mykhailo Fedorov has called for elections despite the war with Russia, mounting what is widely seen as the biggest domestic political challenge to President Volodymyr Zelenskyy since Moscow launched its full-scale invasion.
At least nine people were killed, including a child, in a fire at a hotel in India's eastern city of Kolkata on Wednesday, local police said.
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