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EXPLAINED: 3 | Vintage Vibes

Trump's face could appear on US $250 bill

A proposal to feature Donald Trump on a new $250 bill for America’s 250th anniversary is under discussion, raising legal and political concerns. The move would break a long-standing ban on depicting living individuals on US currency, with critics calling it controversial and supporters framing it as symbolic recognition.

The Economic Times

US issues new warning to Oman after Trump threatened to ‘blow up’ ally

IN FULL

The Independent UK

US Treasury rolls out Trump Accounts app nationwide

The U.S. Treasury has launched the Trump Accounts app nationwide. This initiative aims to create millions of investment accounts for children. The government will deposit $1,000 in starter funds for eligible children. Major companies have pledged contributions for their employees' children. This program encourages early long-term investing to build wealth…

The Economic Times

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US warns ties with Iran’s Strait of Hormuz authority may bring sanctions for 'anyone' involved

America has issued a stern warning to global shipping and finance firms. Cooperation with Iran's new Persian Gulf Strait Authority could invite US sanctions. This move escalates pressure on Tehran's control over the vital Strait of Hormuz. The US Treasury Department stated that such cooperation might support Iran's Revolutionary Guard…

The Economic Times

Has war resumed? US launches fresh strikes on Iran; Kuwait intercepts missiles, drones — what we know so far

The US military carried out fresh strikes in Iran on Wednesday, shooting down four Iranian drones and hitting a control centre in the southern port city of Bandar Abbas, even as Washington and Tehran continue negotiations to end their three-month conflict.

The Times of India

US Treasury rout tests tolerance for higher loan costs

There is anxiety over petrol prices as well as where the bond market is headed, as the US economy is jolted by the impact of conflict with Iran.

AAP

U.S. debt is the 'elephant in the room' amid bond market rout as Fed-fueled interest costs could drive even larger deficits, analysts warn

"In our view, unsustainable fiscal dynamics are compounding with a reflation story, turning a short-term problem into a long-end selloff."

Fortune

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US Senator urges sanctions on entities paying Iran for passage via Strait of Hormuz

US Senator Tom Cotton has called on the Treasury Department to sanction entities aiding Iran's control over the Strait of Hormuz. He specifically targets the Persian Gulf Strait Authority, which he says is illegally regulating passage and collecting fees. Cotton emphasizes that any entity facilitating these tolls finances a designated…

The Economic Times

Congress Democrats Grill Treasury Secretary About Trump's $1.8B Anti-Weaponization Fund

Democrats on the Senate Finance Committee asked Treasury and IRS officials to explain their role in an "Anti-Weaponization Fund" for people who claim they were wrongly targeted by the Biden administration.

International Business Times

Trump calls off AI executive order over concern it could weaken US tech edge

President Donald Trump has called off plans to sign a new executive order on artificial intelligence hours before an expected White House ceremony

AAP

Trump says he’s calling off widely anticipated order to rein in AI

President Donald Trump called off plans to sign a new executive order on artificial intelligence hours before an expected White House ceremony Thursday because he said he was worried the measure could dull America’s edge on AI technology. Trump said he was postponing the Oval Office event with tech industry…

Fortune

Trump calls off plan to sign artificial intelligence order due to concern it could hurt the industry

President Donald Trump has called off plans to sign a new executive order on artificial intelligence hours before an expected White House ceremony

AAP

Nonprofit fraud: Amid high-profile prosecutions, an accountant explains what’s really going on

Nonprofit fraud is in the news a lot these days.

The Conversation

US Stock Market: Bessent downplays inflation fears despite energy price surge

U.S. Treasury Secretary Scott Bessent downplayed fears of a prolonged inflationary spiral, attributing recent surges in energy prices and bond yields to temporary geopolitical disruptions. He believes inflation will moderate once the Iran conflict stabilizes and energy markets normalize, suggesting central bankers are overly cautious about lasting price pressures.

The Economic Times

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The Guardian - AU

Ukraine war briefing: Britain to buy diesel and jet fuel made from Russian crude oil

Exemption for Russian oil refined elsewhere then sold on; funeral in Kyiv for two of Russian bombing’s young victims. What we know on day 1,547

Fortune

The times they are a-changin': Trump pivots towards AI regulation in the face of a mounting public backlash

With a public backlash against AI mounting, the White House is changing its tune on AI regulation and talks with China on AI.

Radio France Internationale

G7 finance ministers seek common ground despite divisions over Russia and trade

The world's leading economies have pledged renewed multilateral cooperation to tackle growing threats to global economic stability stemming from the war in the Middle East, after high-level talks in Paris that also exposed strains between the United States and several of its allies.

International Business Times UK

Secret Service in 30-Minute Armed Standoff With Chinese Security During Tumultuous Trump-Xi Visit

A Trump–Xi summit in Beijing descended into a 30-minute armed standoff between US Secret Service and Chinese security, alongside a series of protocol lapses and sharp private exchanges over Taiwan.

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The Economic Times

G7 finance ministers vow cooperation to face 'heightened risks'

Global economic leaders met in Paris to tackle instability caused by the Middle East war. They pledged cooperation to manage challenges like energy and food supply disruptions. Discussions also covered tariffs and Russia. The G7 aims for coordinated responses to global economic risks. Leaders will meet again in Evian to…

France 24

G7 finance ministers call for action on trade imbalances as Russia sanctions divide US from allies

Finance ministers from the G7 group of advanced economies were unanimous on the need to take on global trade imbalances, according to the statement released Tuesday following a second day of Paris talks. But the US decision to extend a waiver on sanctions against Russia in the wake of the…

International Business Times UK

MAGA Meltdown: Trump Treasury Secretary Denied Entry by Chinese Security in Cringe-Worthy Scene

US Treasury Secretary Scott Bessent was briefly blocked from a state event in China, highlighting tensions during President Trump's diplomatic visit. The incident quickly went viral online.

The Independent UK

Bessent grants a 30-day extension for Russian oil in tankers as Iran war squeezes supply

Treasury Secretary Scott Bessent says the U.S. will give a 30-day extension for countries to import Russian oil already in tankers at sea

The Economic Times

US extends sanctions waiver on Russian oil for 30 days, Bessent says

Washington has extended its sanctions waiver for Russian oil cargoes at sea by 30 days. This move aims to help vulnerable nations access Russian oil amidst surging global energy prices. The temporary measure provides additional flexibility to stabilize the crude market. This is the second extension of the waiver, which…

International Business Times UK

Make Under $500,000 a Year? Your IRS Audit Risk Is Under 1% — But One Common Mistake Can Change That

IRS audits have decreased significantly, especially for high earners, but taxpayers should still file accurately to avoid scrutiny. The IRS may focus on high-risk cases despite fewer audits.

The Economic Times

World imbalances trouble G-7 in wake of Trump’s China encounter

Global finance ministers convene in Paris to address lopsided world growth, focusing on structural misalignments after the US-China trade summit. France aims to tackle America's deficits, Europe's low investment, and China's trade surplus. Economists warn of systemic crisis without concerted re-balancing efforts.

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