Treasury Secretary Bessent calls for "entire" review of Fed
U.S. Treasury Secretary Scott Bessent on Friday called for a wide-ranging re-examination of the Federal Reserve’s role and authority, including its ...
US Vice President JD Vance denied reports of Elon Musk leaving his government role, confirming he’ll remain an advisor. Vance also touched on efforts to cut government spending and the upcoming decision on TikTok’s future in the US.
US Vice President JD Vance has dismissed reports suggesting that controversial billionaire Elon Musk will soon leave his government position, stating that his work is far from finished. Vance told Fox News that while Musk's six-month government role will end as scheduled, he will remain an advisor to both Vance and President Trump. Vance also defended Musk’s efforts to reduce government spending, highlighting his work on addressing what Musk had identified as fraudulent Social Security payments—though Musk’s claims, such as people hundreds of years old receiving benefits, were later revealed to be the result of computer errors. Despite facing criticism for his remarks on Social Security, Musk continues to advocate for reducing what he calls a "Ponzi scheme."
In addition, Vance discussed ongoing concerns about TikTok, hinting that the White House would soon announce a decision regarding the app's future in the US. Vance confirmed that the government is working to balance national security with the need to maintain access to the platform, particularly given its popularity among young people for news. The deadline for TikTok's Chinese parent company to divest or face a potential ban is approaching, following a Supreme Court ruling that upheld legislation mandating the app’s sale.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
U.S. Treasury Secretary Scott Bessent on Friday called for a wide-ranging re-examination of the Federal Reserve’s role and authority, including its control over interest rate policy, as the Trump administration steps up its campaign to assert greater oversight over the central bank.
The Trump administration is preparing to introduce new rules that would restrict or potentially block imports of Chinese-made drones and medium to heavy-duty vehicles, citing national security concerns.
British Prime Minister Keir Starmer carried out a major cabinet reshuffle on Friday (September 5), appointing new deputies as well as foreign and interior ministers in a bid to reassert control following the resignation of his deputy, Angela Rayner.
Australian driver Daniel Ricciardo confirmed on Friday (September 5) that his racing career has come to an end, announcing he will take on a new role as a global motorsports ambassador for Ford.
Lebanon’s cabinet on Friday (September 5) endorsed an army proposal to disarm Hezbollah, saying the military would begin implementing it, though without a set timeline and while noting the army’s limited resources.
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