President Donald Trump signed an executive order on Monday to establish a government-run sovereign wealth fund aimed at economic development and potentially acquiring TikTok. Treasury Secretary Scott Bessent stated that the fund would be set up within the next year, focusing on infrastructure development and monetizing U.S. assets. The fund could potentially be used for “great national endeavors” and would help reduce U.S. dependence on issuing Treasury debt, similar to funds in China, Norway, and Singapore, which are involved in global financial markets.
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Israel resumes airstrikes on Gaza, five Palestinians killed
Israeli airstrikes in Gaza have resulted in the deaths of at least five Palestinians, with the Israeli military targeting a Hamas military location in the north. The attacks were renewed after both sides accused each other of violating a ceasefire, leading to increased tensions and casualties. Israel dropped evacuation leaflets in Gaza, warning residents of "dangerous combat zones" and stating that the onslaught was "just the beginning" as the conflict escalated further. Full Article
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