World Bank calls for 'radical' debt transparency to avoid crises
The World Bank is pushing for “radical” debt transparency from developing countries to prevent future financial crises, warning that hidden debts are fueling instability.
Elon Musk has officially stepped down from his role in the Trump administration, bringing an end to his involvement in the Department of Government Efficiency (DOGE), a cost-cutting initiative he helped lead.
His departure, announced on his platform X, ends a controversial chapter marked by large-scale layoffs, dismantling of agencies, and legal challenges. In his announcement, Musk thanked President Trump for the opportunity to serve and indicated plans to refocus on his business ventures.
Reuters
Although Musk initially aimed to cut $2 trillion in spending, he gradually lowered that target to $150 billion. He often clashed with other Trump officials and received strong political backlash for his reforms.
Musk's role was always intended to be temporary, and he had signaled a return to focusing on his companies — Tesla, SpaceX, and X. His decision came shortly after criticizing Trump’s major spending bill, calling it counterproductive to DOGE’s mission. While stepping away from politics, Musk expressed hope that DOGE would continue growing into a “way of life” in government.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Canada warns the U.S. to reach a trade deal by July 21 or face new steel and aluminum tariffs, as PM Carney vows to protect Canadian workers from U.S. measures.
SpaceX’s massive Starship spacecraft dramatically exploded late Wednesday night during testing at the company’s test site in Brownsville, Texas. The incident marks the latest setback for billionaire Elon Musk’s ambitious plan to send humans to Mars.
The International Atomic Energy Agency (IAEA) chief strongly rejects allegations that the IAEA Board of Governors' report of the 12 June provided Israel with the justification to attack Iran.
Denmark announced it will continue backing Ukraine’s bid for European Union membership despite Hungary’s ongoing blockade, as it prepares to assume the presidency of the European Council on 1 July.
Ukrainian President Volodymyr Zelenskyy has underscored the urgent need to ramp up international pressure on Russia following Moscow’s defence of the Iranian regime.
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