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Bessent Proposes Loosening Financial Rules
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Treasury Secretary Scott Bessent proposes easing financial regulations, citing potential economic harm. This move, aimed at stabilizing the financial system, has sparked concerns from Senator Elizabeth Warren. The Financial Stability Oversight Council, established post-2008 crisis, is now reviewing regulatory burdens amidst emerging economic challenges.
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Eritrea Quits Igad Amidst Ethiopia Tensions
01:43|Eritrea withdraws from Igad, accusing it of bias towards Ethiopia; tensions escalate between the two nations over Red Sea access and Eritrean independence, raising concerns about regional stability in the Horn of Africa.
US Sanctions Maduro's Nephews, Panamanian Businessman
01:40|U.S. Imposes New Sanctions on Venezuelan Presidents Nephews and Others The U.S. has recently sanctioned three nephews of Venezuelan President Nicolás Maduro, along with a Panamanian businessman, six companies, and six Venezuelan-flagged ships. These sanctions aim to prevent the targeted individuals and entities from accessing U.S. property or financial assets and prohibit American companies and citizens from conducting business with them. The move is part of President Trumps ongoing efforts to increase pressure on Venezuela, following the seizure of an oil tanker off the coast of Venezuela.
Venezuela Pulls Out of ICC
02:02|Venezuelas National Assembly, dominated by government supporters, has passed a law to withdraw from the International Criminal Court (ICC), aiming to exit the global tribunal. This move comes after President Nicolás Maduros ally, Jorge Rodríguez, criticized the ICC for serving American imperialism instead of protecting people. The law will become effective once signed by Maduro and published in the official gazette. Venezuela joined the Rome Statute in 2000, allowing the ICC to investigate serious crimes since 2002. The withdrawal process requires notification to the UN Secretary-General, with the withdrawal taking effect one year later. However, existing obligations under the treaty remain. This decision follows Maduros government accusing the ICC of neglecting its duties, despite the ICC prosecutors office maintaining an active investigation into alleged crimes against humanity in Venezuela.
South Africa Stuns India in Twenty-Twenty Match
01:39|South Africa triumphs in cricket match, evening series with India; Quinton de Kocks 90 off 46 balls and Ottneil Baartmans 4-24 bowling highlights; series now 1-1, with next match on Sunday in Dharamsala.
Ex-Michigan Coach Faces Serious Charges
01:48|Former Michigan football coach Sherrone Moore, facing serious legal charges including home invasion and stalking, was fired earlier this week. Moore, who had led the Wolverines for two seasons, was arrested following accusations of assault and unlawfully entering a victims home. His defense attorney chose not to comment, and Michigan officials confirmed his behavior violated university policy. Moores firing for cause means the university will not pay out the remaining years of his five-year, $5.5 million contract. Biff Poggi will serve as interim coach for Michigans upcoming game against Texas.
Treasury Tightens Scrutiny on Money Wire Services
01:30|Treasury Department steps up scrutiny of money transfer businesses, targeting alleged fraud within Minnesotas Somali community. New measures include additional verification for wire services sending funds to Somalia, with support from the Financial Crimes Enforcement Network and Internal Revenue Service. Allegations of funneling fraudulent funds to al-Shabab, a militant group in Somalia, remain unconfirmed.
Trump Announces Thailand-Cambodia Truce
02:17|Former President Trump announces renewed truce between Thailand and Cambodia, following deadly clashes. Both nations agree to stop shooting and return to original peace agreement, with Malaysian PM Anwar Ibrahim playing a significant role. The conflict, rooted in historical territorial claims, had been ongoing despite earlier ceasefires and regional meetings.
Epstein Photos Reveal High-Profile Figures
02:01|House Democrats unveil Epstein photos, Trump, Clinton, and Prince Andrew among those pictured. The release of nineteen images from Epsteins estate is just a fraction of the over ninety-five thousand photos received. Trump and Clinton deny wrongdoing, while Prince Andrew lost his titles due to new revelations. The full release of Justice Department files could implicate more high-powered figures.
National Trust Sues White House Over Trump Ballroom
01:53|The National Trust for Historic Preservation has sued the White House over President Trumps new ballroom construction, alleging lack of necessary reviews and violations of the US Constitution. The Trust seeks a court order to halt construction until proper review processes are followed.