Washington — Treasury Secretary Scott Bessent is holding a press conference Monday at the Treasury Department announcing Operation Economic Outcast, the Trump administration’s ramped up push to use economic tools to reopen the Strait of Hormuz and end the war with Iran. “Today, at President Trump’s direction, the United States Treasury has begun Operation Economic…
African heads of state, former leaders, and senior government and business leaders are expected to attend the Africa Mindset Reset Forum, which will take place in Kigali on August 25-26. The two-day gathering, hosted by the African School of Governance (ASG), aims to foster discussions on good governance, institutions and culture of execution needed for…
Wildfires scorch Spain and France with more dry weather expected – CBS News Watch CBS News Firefighters in Spain and France are battling some of the worst wildfires western Europe has ever seen with more hot and dry weather anticipated. Ramy Inocencio reports.
0m ago Lebanon’s army warns southern residents not to come home yet, cites “risk of Israeli violations and attacks” The Lebanese Army on Monday warned residents from southern towns who have evacuated during months of fighting between Hezbollah and Israel not to return home yet. In a social media statement, the Lebanese Army Command…
A U.S.-Iran deal could be sealed within days, according to President Donald Trump, Iranian officials, and key mediator Pakistan, with a memorandum of understanding expected to reopen the Strait of Hormuz. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A memorandum of understanding “could happen within the next…
Nairobi — The Greater Horn of Africa Climate Outlook Forum (GHACOF) has forecast a high likelihood of below-normal rainfall across much of the northern Greater Horn of Africa during the critical June-September 2026 rainy season, raising concerns over potential impacts on food security, water availability, and livelihoods in the region. The outlook released by the…
Six African Heads of State are set to attend the upcoming Africa CEO Forum, which will be held in Kigali from May 14 to 15. The confirmed leaders include President Paul Kagame, President Bola Ahmed Tinubu of Nigeria, President Brice Clotaire Oligui Nguema of Gabon, President Mohamed Ould Ghazouani of Mauritania, President Daniel Chapo of…
South Africa’s broadband access market is expected to reach R82.8-billion in revenue by 2029, with 3.7 million new active subscriptions, according to the latest SA Broadband Report from ICT analyst firm BMIT. The headline growth rate – a compound annual growth rate of 8.6% – is driven overwhelmingly by the residential market, where both fibre-to-the-home…
The personal consumption expenditures price index was expected to show a 3% core inflation rate in February, according to the Dow Jones consensus. This is breaking news. Please refresh for updates. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran war were as bad he had anticipated. In a Cabinet meeting, Trump expressed confidence in the war effort and said the economic damage will reverse. Addressing Treasury Secretary Scott Bessent, the president said…
