Trump targets Elon Musk subsidies amid tax bill feud
U.S. President Donald Trump suggested reviewing subsidies granted to Elon Musk’s companies to save federal funds, reigniting a public feud after Mus...
Mongolia’s Prime Minister Luvsannamsrai Oyun-Erdene has stepped down after losing parliamentary confidence amid public outrage over corruption allegations. His resignation follows weeks of protests in Ulaanbaatar accusing him and his family of misconduct.
This political shift comes in the wake of major protests sparked by corruption accusations tied to the prime minister and his family.
Oyun-Erdene, who held office since January 2021 and was re-elected in 2024, will remain in a caretaker role until a new leader is appointed within 30 days. In his post-vote remarks, he expressed gratitude for the opportunity to lead the country through crises such as pandemics and global conflicts, and emphasized his focus on development.
While defending his anti-corruption efforts, Oyun-Erdene acknowledged that prioritizing large-scale infrastructure projects over pressing social and political issues might have contributed to public discontent. He also criticized how the current political climate has used transparency concerns to create instability.
During his time in office, he had championed 14 large-scale national projects aimed at expanding Mongolia’s infrastructure, including mineral processing plants, water management systems, and power plants in the resource-rich nation.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
U.S. President Donald Trump suggested reviewing subsidies granted to Elon Musk’s companies to save federal funds, reigniting a public feud after Musk’s sharp criticism of the government’s latest tax and spending bill.
Start your day informed with AnewZ Morning Brief: here are the top news stories for July 1st, covering the latest developments you need to know.
British Foreign Secretary David Lammy praised Türkiye’s strategic role in regional peace and stability during his visit to Ankara, highlighting its efforts in addressing the Ukraine war, the Gaza crisis, and broader UK-Türkiye relations.
The Democratic Republic of Congo’s president has pledged to pursue justice for victims of the conflict in the east despite a peace deal with Rwanda, calling the accord a hopeful yet fragile step toward regional stability.
Factory activity across much of Asia weakened in June due to ongoing uncertainty over U.S. tariffs, though slight improvements in China, Japan, and South Korea offered cautious optimism ahead of key trade talks.
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