International Business Times

US Single-Family Homebuilding Falls To 11-Month Low

Single-family housing starts fell by 4.6% to a seasonally adjusted annual rate of 883,000 units, the weakest level since July 2024, while building permits for future home construction dropped 3.7% to 866,000 units — the lowest since March 2023.

Over 11 Mn Refugees Risk Losing Aid Because Of Funding Cuts: UN
Massive cuts to humanitarian budgets risk leaving more than 11 million refugees without desperately needed aid, the United Nations warned Friday.
Trump's Budget Hacksaw Leaves Public Broadcasting On Precipice
Hundreds of television and radio stations across the United States risk seeing their resources evaporate, after President Donald Trump prevailed Friday in scrapping federal funding for public broadcasting.
G20 Nations Agree Central Bank Independence 'Crucial'
The G20 finance ministers stressed Friday that central banks must remain independent, after months of escalating attacks by US President Donald Trump on Federal Reserve boss Jerome Powell.
Trump Admin Is 'Ready' To 'Unseal' Another Trove Of Epstein Documents, Pam Bondi Declares Following Bombshell Report
The Trump administration is prepared to unseal a collection of files in the case of Jeffrey Epstein following a report connecting Donald Trump to the disgraced financier.
US Congress Approves $9 Bn In Trump Cuts To Foreign Aid, Public Media
US Republicans early Friday approved President Donald Trump's plan to cancel $9 billion in funding for foreign aid and public broadcasting, vowing it was just the start of broader efforts by Congress to slash the federal budget.
House Crypto Vote Breaks Records As GENIUS Act Inches Closer To Trump's Desk
In what's now officially the longest vote in the history of the U.S. House of Representatives, lawmakers stalled for over seven hours and 24 minutes Wednesday night over a cryptocurrency rule vote that nearly imploded under GOP infighting.
Trump's Trillion Dollar Spending Boost For Pentagon To Create Disastrous Amount Of Carbon Emissions, Study Shows
A study has revealed that Donald Trump's plan to add $1 trillion to the Pentagon's spending budget would have a severe impact on annual carbon emissions.
Beige Book Flags Growing Pessimism As Tariffs And Labor Shortages Squeeze US Economy
The Federal Reserve's latest Beige Book shows modest growth but rising concerns over tariffs and immigrant labor shortages, clouding the economic outlook.

Trump Says Not Firing Fed Chair -- But Not Ruling Out

US President Donald Trump said Wednesday that he was not currently planning to fire Federal Reserve Chair Jerome Powell, but added that he did not rule it out.

Economy in Focus

China Mulls Economy-boosting Measures To Counter 'Severe Situation'
China is prepared to take measures and has a "plentiful" toolbox to avoid an economic slump in the second half of the year, its commerce minister said Friday as he admitted it faced a "very severe and complex situation".
What's In The EU's Two-trillion-euro Budget Bazooka?
Argentina Under Milei: A Tale Of Two Economies

War in Ukraine

EU Targets Russian Oil In Tough New Ukraine War Sanctions
The EU on Friday adopted a sweeping new package of sanctions on Russia over the Ukraine war, looking to pile more pressure on the Kremlin by lowering a price cap for Moscow's oil exports.
Russia Suggests Trump Is Emboldening Ukraine, Delaying Peace
The Kremlin warned Tuesday that US President Donald Trump's pledge of more weapons for Kyiv and threat of sanctions targeting Russian trading partners could embolden Ukraine and further delay already stalled peace efforts.
Ukraine's Zelensky Seeks Shakeup With New Prime Minister
Ukrainian President Volodymyr Zelensky said Monday that he was recommending economy minister Yulia Svyrydenko become prime minister in a significant political shakeup for the war-scarred country.
Russian Forces Claim First Foothold In New Ukraine Region
Russia said Monday it captured its first village in Ukraine's central Dnipropetrovsk region after grinding towards the border for months, dealing a physchological blow for Kyiv as its worries mount.

US House Set To Vote On Landmark Crypto Bills This Week

US lawmakers are on the verge of passing landmark legislation that will give the much-maligned crypto world much-wanted legitimacy, riding on President Donald Trump's recent embrace of the industry.

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Where Fine Art Meets Strategy: Inside Cyrice Griffith's World of Luxury Chess Design
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Business Lookahead: Jobs, Prices And AI

From U.S. jobs numbers that could give the Fed pause for thought, to signs the AI bandwagon is picking up speed, these are the big stories to watch out for in business and finance in the coming days. Rachel Faber has the details.

US Economic Uncertainty Means Bigger 'Black Friday' Discounts
Dublin Riot Highlights 'Far-Right' Agitation Over Ireland Immigration
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Taiwan Strait: Chinese Ship 'Cuts Off US Destroyer'
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Dashcam Video Captures Missile Falling Near Kyiv Car
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Saudi Pledges Big Oil Cuts In July