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Floods in China's Guangxi leave 39 dead, nine missing
WORLD

Floods in China's Guangxi leave 39 dead, nine missing

The death toll includes the casualties resulting from a severe reservoir breach in the regional capital city of Nanning, according to a flood control and disaster relief press conference held at noon on Thursday. On Tuesday, authorities upgraded the emergency flood response for northeast China's Jil

US launches new wave of strikes against Iran
WORLD

US launches new wave of strikes against Iran

"At 3 p.m. ET (1900 GMT), U.S. forces launched operations for a second wave of strikes today against Iran," the command wrote in a post on X. "The strikes are targeting Iranian military capabilities used to threaten vessels freely transiting through the Strait of Hormuz."Earlier on Wednesday (local

Trump's DNI pick vows leaner spy office, stronger coordination
WORLD

Trump's DNI pick vows leaner spy office, stronger coordination

Appearing before the Senate Select Committee on Intelligence on Wednesday (local time), Jay Clayton said the intelligence community must deliver "timely, objective and independent" intelligence to policymakers while restoring public confidence in the ODNI."The mission of the Director of National Int

US targets China's grip on critical minerals
WORLD

US targets China's grip on critical minerals

Appearing before the House Foreign Affairs Committee on Wednesday (local time), senior officials from the US International Development Finance Corporation (DFC), the US Trade and Development Agency (USTDA) and the Millennium Challenge Corporation (MCC) outlined a coordinated strategy aimed at buildi

US Senate targets China's drug supply grip
WORLD

US Senate targets China's drug supply grip

The proposed Pharmaceutical Investment Oversight and Accountability Act, introduced by Senate Special Committee on Aging Chairman Rick Scott along with Ranking Member Kirsten Gillibrand and Senator Elizabeth Warren on Wednesday (local time), would require annual reports to Congress on foreign invest

US Fed taps former RBI Governor Raghuram Rajan for key reform panel
WORLD

US Fed taps former RBI Governor Raghuram Rajan for key reform panel

The appointment drew praise from Senate Banking Committee Chairman Tim Scott during Warsh's first semiannual monetary policy hearing before Congress on Wednesday (local time), where the Republican lawmaker singled out Rajan's inclusion as evidence that the new Fed chief was encouraging competing ide

AI will create jobs, says Fed chief Warsh
WORLD

AI will create jobs, says Fed chief Warsh

Appearing before the Senate Banking Committee on Wednesday (local time) for his first semiannual monetary policy hearing since taking office seven weeks ago, Warsh repeatedly argued that AI should be viewed as a long-term economic opportunity rather than merely a source of labour market anxiety."I c

Trump administration vows to open Pentagon to defence startups
WORLD

Trump administration vows to open Pentagon to defence startups

Speaking at the Pennsylvania Defense and Innovation Summit on Wednesday (local time), Defence Secretary Pete Hegseth said the administration was dismantling bureaucratic barriers that had long favoured established defence contractors while making it difficult for emerging companies to enter the mili

Trump bets on AI to transform US military
WORLD

Trump bets on AI to transform US military

Speaking at the Pennsylvania Defense and Innovation Summit on Wednesday (local time), Trump said the government was working closely with technology companies and investors to speed up the development and deployment of advanced military capabilities."The talent and innovation in this room will keep A

Trump administration seeks record $1.5tn defence budget
WORLD

Trump administration seeks record $1.5tn defence budget

Speaking at the Pennsylvania Defense and Innovation Summit on Wednesday (local time), Trump said the proposed spending plan would build on what he described as record military investments already made during his presidency."Under the Trump administration, we've invested a record $1 trillion in the U