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US rolls out 'Economic Outcast' plan to cut Iran off from global finance
world1 day ago

US rolls out 'Economic Outcast' plan to cut Iran off from global finance

Treasury Secretary Scott Bessent unveiled a broad sanctions drive called 'Operation Economic Outcast' aimed at severing Iran from the global financial system by closing loopholes and widening secondary sanctions, pressuring fellow governments and banks to cut Tehran off from oil revenue. The plan comes amid a stalled conflict, threats from Tehran, and disruptions around the Strait of Hormuz, with critics noting sanctions have mixed results and no clear deadline has been set.

via The Washington Post|
#iran#oil#sanctions
US Unveils Sweeping Sanctions Push to Squeeze Iran's Regime
world1 day ago

US Unveils Sweeping Sanctions Push to Squeeze Iran's Regime

The U.S. Treasury Secretary announced expanded secondary sanctions on Iran, calling it an 'economic D-Day' to pressure Tehran without military action. The plan widens targets to digital assets, technology, gold, aviation, and shipping, sanctioning about 60 entities and suspending certain licenses, with accelerated enforcement and a push for other countries to cut Iran-related business. A major financial institution is expected to be sanctioned soon. Success hinges on Western coalition enforcement amid Iran's ongoing economic crisis and dwindling oil revenue.

via Axios|
#economy#iran#sanctions
Libya Eyes Unification as US and Regional Powers Push Power-Sharing Deal
world4 days ago

Libya Eyes Unification as US and Regional Powers Push Power-Sharing Deal

Fifteen years after the uprising that toppled Gaddafi, Libya remains divided between the UN-recognized Government of National Unity in Tripoli and Khalifa Haftar’s Tobruk-based administration. The US and regional powers, including Qatar, Egypt and Turkey, are pressing for a single government and a roadmap that might link unity to oil investment and a presidential-parliamentary transition, with Haftar’s son Saddam floated as a potential president. While some signs suggest Haftar’s camp is open to the plan, no unified government has emerged and talks remain ongoing, framed by a broader push toward elections and national dialogue under UNSMIL.

via Al Jazeera|
#elections#haftar#libya
US Moves to Sharpen Iran Sanctions as Trump Downplays Midterm Stakes
politics-and-government10 days ago

US Moves to Sharpen Iran Sanctions as Trump Downplays Midterm Stakes

Washington is poised to unleash unprecedented economic measures to intensify pressure on Iran amid ongoing conflict, with Treasury officials signaling more sanctions on the way; Trump says he doesn’t mind if the battle drags past the midterms as he touts a port blockade and control of the Strait of Hormuz. Iran’s economy has suffered under sanctions but remains resilient, while the Hormuz dispute risks energy-price volatility if the US considers broader steps such as secondary oil sanctions. Analysts warn that further penalties without a broader deal are unlikely to force Tehran to bend, suggesting a mix of sanctions, limited strikes, and diplomacy as the likely path.

via Yahoo Finance|
#iran-sanctions#oil-prices#politics-and-government
Treasury Chief Pushes Fast-Track Crypto Rules, Citing Nakamoto
politics25 days ago

Treasury Chief Pushes Fast-Track Crypto Rules, Citing Nakamoto

U.S. Treasury Secretary Scott Bessent urged the Senate to immediately pass the Clarity Act, arguing it would strengthen consumer protections and anti-money-laundering rules while providing regulatory certainty for digital-asset markets; he defended protections for decentralized developers and quoted Satoshi Nakamoto. The bill would establish a federal framework for crypto oversight (SEC and CFTC) and could legalize most crypto activity, though its path faces ethics fights and an approaching August recess.

via Decrypt|
#crypto-regulation#digital-assets#nakamoto
Administration Expands Fast-Track Deportations by Moving Asylum Claims to Immigration Courts
politics26 days ago

Administration Expands Fast-Track Deportations by Moving Asylum Claims to Immigration Courts

The Trump administration has rerouted hundreds of thousands of asylum-seeker cases directly into Justice Department immigration courts, potentially fast-tracking many toward deportation since some judges can dismiss cases without a hearing. The policy, which went into effect immediately, is framed as addressing USCIS backlog, but critics say it undermines asylum protections and speeds removals. The move coincides with Haitians losing temporary protections and broader debates about immigration and race in U.S. resettlement.

via Slate|
#asylum#deportation#immigration
Tech Giants Push to Preserve Open-Weight AI Amid China Scare
technology1 month ago

Tech Giants Push to Preserve Open-Weight AI Amid China Scare

Nvidia and Palantir, joined by Microsoft and Meta, urge the US not to restrict open-weight AI models, arguing openness accelerates innovation and safety through broad community scrutiny while lowering costs. The open-letter excludes OpenAI, Anthropic and Google, highlighting a split in the industry as Washington weighs potential sanctions over China-linked AI advances like Moonshot AI’s Kimi K3 and distillation claims. The debate centers on balancing national security concerns with access to frontier models.

via Financial Times|
#artificial-intelligence#moonshot-ai#nvidia
technology1 month ago

Startup coalition urges targeted safeguards over Chinese open-weight AI ban

Nearly 200 Silicon Valley startups, including Proton and Y Combinator, are urging the Trump administration not to block access to Chinese open-weight AI models, arguing that affordable open models are essential for young companies and innovation. The Little Tech Association has sent letters to President Trump, Commerce Secretary Lutnick, and OSTP Director Kratsios, urging a scalpel-like approach with safeguards rather than a broad prohibition. While officials have not committed to a blanket ban, security concerns and allegations that Moonshot AI distills American models are fueling the debate. The move highlights tensions inside the AI industry between restricting Chinese tech and maintaining a competitive startup ecosystem.

via Politico|
#china-ai#export-controls#open-weight-ai
Pepfar funding cuts trigger global HIV service disruptions, study finds
world1 month ago

Pepfar funding cuts trigger global HIV service disruptions, study finds

New research presented at AIDS 2026 shows that US cuts to PEPFAR disrupted HIV programs in 46 countries, forcing the closure of about 1,700 sites and laying off around 16,000 staff, with prevention and mother-to-child transmission services hit hardest as organizations also reshaped operations to comply with DEI and other US policy restrictions, risking reversing years of progress against HIV.

via The Guardian|
#funding-cuts#global-health#hivaids
Trump backs ethics clause as crypto bill moves toward Senate vote
regulation1 month ago

Trump backs ethics clause as crypto bill moves toward Senate vote

President Trump has agreed to ethics language on digital-asset dealings, potentially clearing the last major hurdle for a broad crypto bill (the Clarity Act) to pass the Senate before an early-August deadline. The bill would establish a federal crypto framework and assign oversight to the SEC and CFTC. Text could be released in coming days, with negotiations focusing on how officials profit from crypto; White House adviser Patrick Witt remains in place as talks continue, and the measure would move to the House if the Senate approves before returning to Trump for final action.

via The Block|
#clarity-act#crypto-regulation#donald-trump