US President Donald Trump on Sunday blasted the Federal Reserve’s ongoing headquarters renovations, ahead of a Monday press conference where he plans to address “crime and the beautification” of Washington, D.C. The event is set to address the eradication of “Crime, Murder and Death” in the nation’s capital. It will also focus on “Cleanliness and […]
GCC governments poised for growth rebound as the World Bank projects 3.2% regional GDP growth in 2025/Representative Image TL;DR: GCC real GDP growth projected at 3.2% in 2025, rising to 4.5% in 2026, up from 1.7% in 2024. Growth fueled by easing OPEC+ supply cuts and robust expansion in non-oil sectors particularly private consumption, investment, […]
Russ Vought (Image: X) and Jerome Powell (AP image) Federal Reserve Chair Jerome Powell sent a letter on Thursday to White House Budget Director Russ Vought, responding to allegations that he mismanaged the renovation of the Federal Reserve Board’s Eccles Building and the 1951 Constitution Avenue facility.The letter comes amid growing speculation that the Trump […]
US President Donald Trump and Tesla CEO Elon Musk US President Donald Trump and former DOGE chief Elon Musk seem to have locked horns again over the same topic, “Big Beautiful Bill.”Tesla chief Elon Musk on Monday demanded the establishment of a new political movement and indicated his willingness to support primary opponents against all […]
California governor Gavin Newsom (AP) California governor Gavin Newsom on Friday signed a $321-billion budget that rolls back several progressive initiatives, including a major healthcare expansion for low-income undocumented immigrants, in a bid to bridge a $12-billion budget deficit.This marks the third consecutive year that America’s most populous state has been forced to cut or […]
THE HAGUE: Nato secretary general Mark Rutte was upbeat that the military organisation will agree on massive spending hikes at a “transformational summit” on Wednesday, as member state leaders including US president Donald Trump assembled in the Netherlands. Leaders of the 32-nation alliance are expected to agree a new defense spending target of 5% of […]
Nato defence ministers are set Thursday to approve purchasing targets for stocking up on weapons and military equipment to better defend Europe, the Arctic and the North Atlantic, as part of a US push to ramp up security spending. The “capability targets” lay out goals for each of the 32 nations to purchase priority equipment […]
Senator Joni Ernst (Image credits: AP) Republican senator Joni Ernst faced boos and groans from constituents during a tense town hall in Parkersburg, Iowa, on Friday after defending a Republican-backed spending and tax cut package, dubbed as “the big, beautiful bill” by US President Trump, which includes $700 billion in cuts, including significant reductions to […]
Elon Musk (Pic credit: AP) Elon Musk said he was “disappointed” by a big spending bill passed by House Republicans last week, which is strongly supported by US PresidentDonald Trump. In a rare televised interview with CBS Sunday Morning, Musk appeared to distance himself from US President Donald Trump’s latest legislative push, a sprawling $3.8 […]
Elon Musk says he’s back to 24X7 office after X witnessed massive outage across the world Saturday. The major outage in X, formerly Twitter, marked Elon Musk‘s official exit from politics, which occupied most of his time in the past six months as he announced that he’s back to spending 24X7 at work and will […]
