US markets saw their biggest slump since the start of the US-Israel war with Iran on Thursday as Donald Trump said the conflict’s impact on oil prices had not been as bad as he expected. 7%. 3%, plunging into correction territory, which happens when an index falls at least 10% below its most recent peak. The department of treasury announced that US paper currency will soon feature President Donald Trump’s signature to commemorate the country’s 250th anniversary.
The move marks the first time a sitting US president’s signature will appear on legal tender. To accommodate this change, the treasurer’s signature will be removed for the first time since 1861. The Senate failed to achieve 60 votes needed to pass an amendment to the Save America act that would require voters to present photo ID to cast a ballot. The chamber voted 52-47, falling short of the two-thirds majority needed for it to pass.
No Democrats voted for it. During a cabinet meeting today, Donald Trump said that Iran was letting 10 oil tankers through the strait of Hormuz as an apparent goodwill gesture in the supposed negotiations. Donald Trump wants to renovate the White House’s treaty room, traditionally a meeting space for diplomats and statesman, into a guest bedroom with an en suite bathroom, according to the New York Times. Continue reading...
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• Envoys from the UK, France, and Germany issued a joint statement following diplomatic discussions in Moscow. • The representatives formally conveyed Ukrainian President Volodymyr Zelenskyy's request for direct negotiations with Russian President Vladimir Putin.
Read original · kyivpost.com
Kyiv Post• Multinational banks are reassessing their cross-border strategies as geopolitical considerations increasingly influence how they organize international operations and evaluate risk. • Financial institutions are now balancing the pursuit of robust financial performance with the need to manage complex geopolitical exposure.
Read original · internationalbanker.com• The UN Peacebuilding Fund has approved $4.8 million for a new program targeting central Mali. • The initiative aims to strengthen local institutions and communities in regions severely impacted by violent extremism.
Read original · press.un.org• The war in Ukraine has officially surpassed the duration of World War I, leading analysts to draw unsettling parallels between the two conflicts. • The comparison highlights a pattern where initial technological innovations in warfare fail to provide a lasting strategic advantage.
Read original · port.ac.ukOne man died in Iowa after a tree fell on him as nearly 700 severe weather events were recorded over three daysSign up for the Breaking News US newsletter emailAn Illinois man whose home was destroyed by a tornado on Thursday was pulled from the rubble by a police officer and a photojournalist, who captured the terrifying storm and subsequent rescue in dramatic video footage.Scott Lasker, who describes himself as a storm chaser, recorded the tornado ripping through the town of Streator and was filming the damage it inflicted when he came across the man trapped in the debris of his house. Continue reading...
Read original · theguardian.comJosé Luis Rodríguez Zapatero, already under investigation for alleged influence-peddling, facing questions over items found in office safeThe former Spanish prime minister José Luis Rodríguez Zapatero is being investigated for possible tax fraud and smuggling after police discovered jewellery valued at more than €1.3m (£1.1m) while searching his office safe as part of a separate inquiry.Zapatero, who led two socialist governments between 2004 and 2011, is already under investigation for alleged influence-peddling and other offences relating to the state bailout of the Spanish Plus Ultra airline during the Covid pandemic. He is alleged to have overseen “a hierarchical structure of influence-peddling”, whose purpose was “to obtain economic benefits through intermediation and the exercise of influence before public bodies in favour of third parties, mainly Plus Ultra”. Continue reading...
Read original · theguardian.comFormer defence secretary’s accusation, that PM lacks impetus and is easily swayed by chancellor’s demands, is familiar territoryOne of the most scathing accusations made by John Healey in his resignation letter on Thursday was that the prime minister lacks the authority to stand up to his chancellor.“You have been unable, and the Treasury has been unwilling, to commit the resources that the nation needs to defend the country at this time of rising threats,” the former defence secretary wrote. Continue reading...
Read original · theguardian.comWith more than 177,000 people forcibly disappeared since 2011, short doc Maybe Tomorrow captures ‘the violence of waiting’ experienced by familyWhen Wafa Mustafa was a child, she remembers her father playing the music of Umm Kulthum non-stop at home in Syria, humming along to the legendary Egyptian singer’s melodic tones. One day, in an effort to encourage his daughter to appreciate music, he asked her to take a pen and paper and write the lyrics of a song she loved. Wanting to impress him, Mustafa chose an Umm Kulthum song called “Aghadan Alqak”, which translates to: “Will I meet you tomorrow?”“The lyrics are literally about someone who’s gone, about the waiting for them and the love you have for them,” says Mustafa. “It feels like I knew what was coming … as if I manifested my life since I was very young.” Continue reading...
Read original · theguardian.comCyber agency says BlackCore targeted John Swinney, as well as interfering in France, New York and elsewhereFrance’s cyber-security agency has accused an Israeli firm called BlackCore of interfering in the Scottish elections earlier this year by targeting the first minister, John Swinney.The disinformation detection agency Viginum said BlackCore had used proxy social media accounts to target Swinney, the Scottish National party and the Scottish government on four occasions this year. Continue reading...
Read original · theguardian.comPM promises to fight any leadership challenge, saying any successor would face same problems as himUK politics live – latest updatesKeir Starmer has said he knows he has to “turn things around” after a series of crises culminating in the resignation of John Healey, the defence secretary, but warned that any successor would face the same set of difficult decisions.In an interview with the BBC after Healey’s departure in a row over defence spending, Starmer promised again to fight any leadership challenge from Andy Burnham or others, saying: “I’m not going to go away.” Continue reading...
Read original · theguardian.comGuardian reporters Fabiola Cineas and Adria Walker held a Reddit Q&A about Louisiana v Callais – here’s a rundownIn April, the supreme court’s decision in Louisiana v Callais struck a massive blow to the Voting Rights Act, eliminating a key provision that gave minority voters representation in Congress.Within days of the decision, Republican-led states in the south moved to redraw congressional maps to erase majority-Black districts. Some of those maps have already gone into effect ahead of the midterms. Continue reading...
Read original · theguardian.comNo injuries reported as fire in Tracy destroys medical equipment warehouse and authorities investigate causeA fire at a 1m sq ft warehouse complex was burning out of control in California early Friday as authorities fought to tamp the large blaze and began investigating the cause.The raging inferno was pumping thick black smoke up in billowing clouds as flame and a red hot glow were visible beneath from aerial images. The fire has destroyed the medical equipment warehouse in Tracy, in northern California, and prompted evacuations of other nearby facilities, with no injuries reported. Continue reading...
Read original · theguardian.com