President Trump’s upcoming appointment of a new AI adviser and creation of an “AI Force” marks a major transition in Washington, as the next official inherits a trillion-dollar industry moving at breakneck speed and a sharp federal power struggle over regulation. Announced on Sept. 19, the new post follows the departure of venture capitalist David … Read more
Treasury Secretary Scott Bessent challenged currency traders and the bond market to test his authority over economic stabilization efforts, delivering a direct warning amid rising government borrowing costs and geopolitical conflict in the Middle East. Speaking at Southern Methodist University, the Treasury chief defended his market interventions and fiscal outlook despite surging yields on U.S. … Read more
Artificial intelligence is accelerating cyber threats as researchers demonstrate how automated tools can hijack WeChat accounts through unanswered voice calls, intensifying international security concerns according to US cybersecurity findings. AI-Driven Cyber Exploits Target WeChat via Voice Calls Security researchers at Calif stated that their AI system pinpointed a critical flaw in Tencent Holdings’ widely used … Read more
The Japanese yen strengthened sharply, reaching a one-month high against the U.S. dollar as traders weighed the possibility of further Japanese currency intervention against rising expectations for Bank of Japan rate hikes, according to LSEG data cited by CNBC. The currency jumped more than 1% against the greenback, at one point touching 156.15 per dollar, … Read more
The United Arab Emirates intercepted an Iranian drone over its territorial waters on Monday, according to the UAE Defense Ministry, marking a sharp regional escalation following a weekend exchange of fire between the United States and Iran in the Strait of Hormuz. UAE Intercepts Iranian Drone Amid Rising Gulf Tensions The UAE Defense Ministry stated … Read more
Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh christened Monday’s gathering of the Group of 20 finance ministers in Asheville, North Carolina, by emphasizing economic growth as the primary solution to mounting global financial pressures. Bessent told reporters before the two-day event that the world is awash in debt and that growth provides … Read more
U.S. Treasury Secretary Scott Bessent faces a major test of his economic diplomacy this week as he urges finance officials from the major G20 economies to curb worldwide trade imbalances, stimulate growth, and eliminate commercial ties with Iran, while simultaneously attempting to soothe anxiety surrounding climbing U.S. debt and bond yields. According to reporting from … Read more
Israeli airstrikes killed five people in Gaza and three in the West Bank on Friday, according to local health officials and the Israeli military, despite an ongoing United States-brokered ceasefire that began in October. The latest fatalities arrive alongside widespread food insecurity across Gaza, thousands of stranded seafarers in the Persian Gulf, and new U.S. … Read more
Iran will block military vessels from transiting the Strait of Hormuz under a temporary maritime traffic agreement currently being negotiated with Oman, according to Iranian Deputy Foreign Minister Kazem Gharibabadi. The high-stakes diplomatic talks between Tehran and Muscat aim to manage commercial shipping lanes in the vital waterway, which has remained largely shut down since … Read more
The United States announced an “economic D-Day” campaign to isolate Iran from the global economy on Monday, threatening penalties against enablers that continue doing business with Tehran. Washington’s move aims to sever the trade lifeline sustaining Tehran’s economy through nearly six months of war, potentially setting the U.S. on a collision course with major international … Read more