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Court permits Trump to reduce $2 billion in international aid

Court permits Trump to reduce $2 billion in international aid

Appeals Court Allows Trump to Withhold Foreign Aid A federal appeals court ruled on Wednesday that President Trump is permitted to withhold $2 billion in foreign aid, reversing a prior order that had blocked the administration’s intent to cut funding through the U.S. Agency for International Development (USAID). In a decision split 2-1, a judge […]

Bank Company Act: BB seeks to limit family directors to 2 and reduce directors’ terms to 6 years

Bank Company Act: BB seeks to limit family directors to 2 and reduce directors' terms to 6 years

Bangladesh Bank Proposes Major Banking Law Reforms Bangladesh Bank is suggesting significant changes to the nation’s banking regulations, aiming to address ongoing issues tied to governance failures notably impacted by family control, political influence, and lenient loan regulations. The revisions, outlined in the latest draft of the Banking Corporations Act, seek to enhance stability in […]

Trump Administration Aims to Invest in Essential Minerals to Reduce Dependence on China

Trump Administration Aims to Invest in Essential Minerals to Reduce Dependence on China

DOE Aims to Boost Mineral Industry Funding The Department of Energy (DOE) has revealed plans to fund nearly $1 billion for projects aimed at enhancing the mineral industry in the United States. In a recent announcement, the DOE indicated that these funding opportunities are intended to advance domestic mineral extraction and processing initiatives. This move, […]

Court rules that Trump can reduce billions in unpaid USAID funds

Court rules that Trump can reduce billions in unpaid USAID funds

Federal Court Ruling on USAID Payments A federal appeals court made a decision on Wednesday regarding foreign aid payments that were previously suspended. These payments, linked to the US Agency for International Development (USAID), could potentially be cut down to about $2 billion. This follows President Donald Trump’s earlier attempts to reduce USAID operations. The […]

Bessent calls on the Fed to reduce interest rates in September.

Bessent calls on the Fed to reduce interest rates in September.

Treasury Secretary Scott Bescent called on central bankers on Wednesday to implement a half-point rate cut at their upcoming meeting next month. He suggested that the central bank’s target rate should be lowered by at least 1.5 percentage points from its current level. “I think we should start a series of rate cuts, beginning with […]

Semaglutides might reduce muscle size and strength: Research

Semaglutides might reduce muscle size and strength: Research

Recent research indicates that popular weight loss medications, like Ozempic and Wegovy, may have effects beyond just fat reduction, raising questions about muscle strength and organ size following significant weight loss. At the University of Utah, scientists studied Semaglutide, a key ingredient in these weight loss drugs, using mice as their subjects. Published in the […]