Economic shock from Iran war risks driving up global debt levels, says IMF

• The U.S. and Iran agreed on Tuesday to a two-week ceasefire, marking a potential diplomatic breakthrough after 47 days of conflict. • Under the agreement, both Iran and Oman will be permitted to participate in the pause in hostilities, with U.S. military personnel and weaponry remaining positioned in and around Iran until a peace deal is finalized. • The ceasefire emerges as negotiators push for a next round of talks, though tensions remain high with shipping disruptions continuing in the Strait of Hormuz.

Brain Cole Jr, accused of planting the devices near the RNC and DNC buildings in DC, faces two more felony countsThe individual accused of placing pipe bombs near the headquarters of both the Republican and Democratic national committees on the night before the January 6 Capitol attack is now facing two more felony counts, as detailed in a newly released indictment on Wednesday.Brian Cole Jr, 30, of Woodbridge, Virginia, had previously been arrested in December and charged with transporting and positioning two improvised explosive devices outside the DNC and RNC buildings. The updated indictment introduces charges of attempting to use weapons of mass destruction and carrying out an act of terrorism while armed. Continue reading...

MPs and peers say pitting defence and welfare against each other risks losing public support for increased spending on the militarySenior Labour figures have warned that Rachel Reeves must find alternative ways to increase military spending rather than slashing welfare, saying it risks public support for investment in defence.Pressure has been mounting from Labour backbenchers for the Treasury to urgently agree the defence investment plan (Dip) after George Robertson, a former Nato secretary general, said there was a “corrosive complacency” on defence funding. Continue reading...

Donors exceed funding target at Berlin conference but prospects for ceasefire remain distantMore than £1bn (€1.15bn) has been pledged for war-ravaged Sudan at a conference in Berlin, eclipsing the funding target organisers had set to help mitigate the world’s largest humanitarian crisis.The financial commitments made on Wednesday will also help offset a chronic humanitarian funding shortfall in a country devastated by three years of conflict, where two-thirds of its population – 34m people – require assistance. Continue reading...

Who wouldn’t want to be a king, a footballer, a friend of lions, a maestro and Jesus?This was originally published in This Week in Trumpland. Sign up to receive it in your inbox every WednesdayIn Donald Trump’s telling, the image showed him as a medical professional, never mind the lack of training.“It’s supposed to be me as a doctor making people better,” Trump said, responding to the outrage after he posted an AI-generated photo which critics – including some on the right – say showed him as a Jesus Christ-figure.A kingA skilled footballerA person roaring with a lionA maestroWhat I think is supposed to be a rich guy, but instead looks like a money laundererSupermanA 1930s-era private dickColonel Kilgore from Apocalypse NowA Nobel peace prize winnerA very muscly Sith lord Continue reading...

US president will need to show heavy costs of war were worthwhile while Iran must choose between instant and delayed gratification Middle East crisis – live updatesIf talks between Iran and the US reconvene within the next few days in Islamabad, Donald Trump will have two major political hurdles to overcome – first showing that any deal he secures is better than the one signed by Barack Obama in 2015 and from which he withdraw in 2018, and secondly proving the deal is more favourable than the one on offer in Geneva in February before he launched his war.Otherwise he will have inflicted massive damage on the world economy when alternatives were available that were less costly in blood and treasure. He will also have to show that Iran has made no permanent gain by taking control of shipping passing through the strait of Hormuz. These are the yardsticks, or tests, around which his negotiating team will be keeping an anxious eye. Continue reading...

Justin Sun said World Liberty Financial built a ‘backdoor blacklisting function’ that froze his account. ‘We have the truth. See you in court,’ the company respondedSign up for the Breaking News US email to get newsletter alerts in your inboxThe largest investor in Donald Trump’s crypto venture has claimed that the firm “secretly” implemented a tool to unilaterally freeze his holdings of its cryptocurrency. He claimed the company could do the same to any other user.In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty Financial had embedded what he described as a “backdoor blacklisting function” in the blockchain-based contracts used for the WLFI tokens. Continue reading...

Donald Trump says he is ‘working very hard’ with House Republicans to extend Section 702 without changesUS politics live – latest updatesA controversial law that grants the US government sweeping powers for warrantless surveillance is set to expire next week. Replacing it has inspired fierce debate within the White House and Congress, including a scheduled vote cancelled the day of.A coalition of progressive Democrats and far-right Republicans is pushing for reform of Section 702 of the Foreign Intelligence Surveillance Act (Fisa), but they face strong bipartisan opposition from lawmakers advocating for an 18-month renewal with no changes, in line with Donald Trump’s demands. House GOP leaders delayed a procedural vote on a clean extension of Section 702 on Wednesday, after the chamber’s rules committee approved the measure on Tuesday night. Republican leadership was expected to bring the measure to the floor on Wednesday but canceled the scheduled vote, amid dissent from privacy advocates in their own party. Legislative action on the bill could still occur later in the day, as Republicans address their internal disagreements. Continue reading...

Officials say charity fundraiser that flooded New York with drunk people in Santa costumes every Christmas was a conA SantaCon charity fundraiser that floods New York City with inebriated young people in red and white Santa costumes every holiday season was true to its name: a con, federal authorities said as they arrested its organizer.Stefan Pildes, 50, of Hewitt, New Jersey, was arrested on Wednesday and awaited an appearance in Manhattan federal court, where an indictment charging him with wire fraud was unsealed. Continue reading...

Defendants used sledgehammers and crowbars to destroy drones at Israeli-linked arms factory, says prosecutionSix Palestine Action activists entered an Israeli-linked arms factory intending to smash up as much property as possible before police arrived, a court has heard.Prosecutor Deanna Heer KC said the defendants used sledgehammers and crowbars to destroy drones manufactured by Elbit Systems and computers at its factory in Filton, near Bristol, on 6 August last year. Continue reading...

Eluned Morgan says US under Donald Trump is ‘not partner it once was’ with Iran threats and ‘contempt’ towards UKWales’s first minister has called on Keir Starmer to suspend a big joint defence project with the US, saying that under Donald Trump the country is “not the partner it once was”.In a statement on Wednesday, Labour’s Eluned Morgan cited the US president’s “contempt” towards the UK and his threat to “annihilate” Iran as reasons to halt the development of the Deep Space Advanced Radar Capability (Darc) programme in Pembrokeshire, part of the Aukus defence partnership between the UK, US and Australia. Continue reading...

Women using informal warning systems to protect themselves and others, comedian tells equalities committeeUK politics live – latest updatesSexual harassment and abuse on the comedy circuit has is persistent and under-reported, with protections available to women often limited or absent, a comedian has told MPs.Performers and campaigners said many female comedians are left to rely on informal warning systems to try to keep themselves safe but added that these systems can expose women to further risks. Continue reading...