Trump nominates Bessent to lead US Treasury in flurry of announcements

SummaryJeanswest collapsed for the second time last month, with just $13 million in assets against approximately $53 million in debts, including $4.1 million owed to its 600 staff and nearly $776,000 in unclaimed gift vouchers. The brand's Hong Kong backers appointed Pitcher Partners as administrators, who are considering an online-only future for the 53-year-old retailer, which has struggled amid cost-of-living pressures and competition from online retailers. Despite previous efforts to revitalize the brand, the owners...

FruitsMost apples (95%) and oranges (80%) in the US are domestically grown, while tropical fruits like bananas (1%), pineapples (10%), and avocados (10%) are mostly imported. VegetablesCommon vegetables such as corn (99%), potatoes (95%), and beans (80%) are primarily produced in the US, with a significant portion of tomatoes imported from Mexico. StaplesStaples like rice (80-90%), wheat (90%), and sugar (70%) are largely US-produced, while meats such as beef (90%) and poultry (95%) are also...

The United States has imposed sanctions on six individuals and six entities from Iran and China for their roles in the Islamic Revolutionary Guard Corps' ballistic missile program, specifically for acquiring propellant ingredients like sodium perchlorate and dioctyl sebacate. Among the sanctioned entities is Iran's Saman Tejarat Barman Trading Company and five Chinese companies involved in the shipment and financial support of these materials. These actions align with President Trump's directive to exert maximum economic...

Finance Minister Nicola Willis has identified “billions” in savings to be redirected towards new spending in the 2025 Budget. In an interview, she indicated that these savings might include a potential means-testing of the KiwiSaver subsidy, although she ruled out changes to the Winter Energy Payment and the Emissions Trading Scheme. While also considering means-testing for the Best Start payment for new parents, Willis did not confirm any specific changes, leaving the possibility open for...

The DA is contesting new labour law employment equity targets, claiming they will severely hinder job opportunities for coloured and Indian South Africans. This court challenge could become a contentious issue, potentially testing the limits of the government of national unity. The DA's position highlights the ongoing debate surrounding employment equity and its implications for various racial groups in South Africa. Full Article

Luka Dončić, the newest star of the Los Angeles Lakers, donated $5,000 to aid the restoration of a mural honoring Kobe Bryant and his daughter Gianna, which was vandalized in downtown Los Angeles. The mural, depicting Bryant with Gianna, was covered in black and white paint, prompting a GoFundMe campaign that has raised over $5,400. Dončić expressed his commitment to honoring Bryant's legacy, stating that Kobe and Gianna hold immense significance for the city and...