Bitcoin breaks new records — price surpasses $123,000
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day....
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.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
US President Donald Trump warned on Monday that if no agreement is reached within 50 days to end the war in Ukraine, the US will impose 100% secondary tariffs on Russia.
On 13 July, a plane crash near London’s Southend Airport resulted in the deaths of four people. Essex Police confirmed that all the deceased were foreign nationals.
UN Secretary-General Antonio Guterres stated on Monday that a ceasefire in the Gaza Strip alone is insufficient to resolve the conflict. He emphasised the necessity of a two-state solution where both Palestinians and Israelis can fully exercise their rights.
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day.
A 6.2-magnitude earthquake has struck off the coast of Panama, according to the United States Geological Survey (USGS)
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