Latest news with #UnitedStatesDepartmentoftheTreasury
NDTV
21-05-2025
- Health
- NDTV
Lashkar-e-Taiba Co-Founder Amir Hamza Injured At Lahore Home, Hospitalised
New Delhi: Amir Hamza, cofounder and senior leader of the terrorist group Lashkar-e-Taiba (LeT), was hospitalised in Pakistan's Lahore following injuries sustained at his residence, sources said. Hamza, long known for his close association with LeT chief Hafiz Muhammad Saeed and the group's deputy Abdul Rehman Makki, was admitted to a local medical facility under a security detail. The nature and extent of his injuries have not been disclosed. There has been no official comment from Pakistani authorities or the LeT on the incident, sources added. Hamza remains one of the central figures within LeT. A founding member of the group, he has held several key positions over the years and has been instrumental in shaping LeT's propaganda wing and outreach campaigns. According to a 2012 statement by the United States Department of the Treasury, Hamza was part of LeT's central advisory committee and played a key role in managing the group's external relationships under the direct oversight of Hafiz Saeed. As of 2010, Hamza also served in an LeT-affiliated charitable organisation and held a senior position in an LeT university trust overseen by Saeed. According to the US Treasury Department, by 2010, Hamza was actively involved in the dissemination of LeT's propaganda material. He edited the group's weekly newspaper and regularly contributed articles. He also reportedly headed LeT's "special campaigns" department, which coordinated specific outreach and mobilisation efforts. In mid-2010, Hamza was among three senior LeT terrorists who negotiated for the release of detained members of the organisation.
The Star
19-05-2025
- Business
- The Star
China is now the No. 3 US creditor
Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo WASHINGTON: China shrank its holdings of US Treasuries in March, with the United Kingdom replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose US$233.1bil, to US$9.05 trillion, Treasury Department figures showed last Friday. China was the top holder of Treasuries as recently as 2019, when Japan overtook it. The latest data show the UK surpassed China for the first time in more than two decades, according to data compiled by Bloomberg. — Bloomberg
See - Sada Elbalad
12-05-2025
- Business
- See - Sada Elbalad
US Imposes More Sanctions on Iran
Israa Farhan The United States Department of the Treasury announced on Monday a fresh round of sanctions targeting Iranian individuals and entities linked to sensitive technological activities. The move comes amid ongoing diplomatic efforts between Washington and Tehran. According to the Office of Foreign Assets Control (OFAC), the sanctions apply to two Iranian nationals: Mohammad Reza Sedighi Saber and Ahmad Haghighat Talab. In addition, the Iranian technology firm *Fanavaran Ayandeh Negar Pouya Pars* has also been blacklisted. The sanctioned company, located in the Shamsabad industrial zone near Tehran, operates in the field of sensitive and potentially dual-use technologies. The US Treasury cited concerns over the firm's role in advancing Iran's technological capabilities that could pose a threat to international security. This development follows the conclusion of the fourth round of nuclear talks between the U.S. and Iran, held on Sunday in Muscat, Oman. The negotiations reportedly lasted three hours, although no substantial breakthroughs were confirmed. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Yahoo
08-04-2025
- Business
- Yahoo
Asean, US Treasury discuss impact of new tariffs at closed-door finance meeting in KL
KUALA LUMPUR, April 8 — Senior officials from Asean member states and the United States Department of the Treasury (UST) held discussions on tariffs during the US Treasury-Asean Finance and Central Bank Deputies Meeting (AFCDM) on Monday. The UST was represented by its Deputy Assistant Secretary for Asia, Robert Kaproth, at the closed-door session, according to a report published in The Star today. 'The UST shared its policy outlook and also discussed the effects of the new tariffs announcement to Asean,' Malaysia's Finance Ministry said in a post on X. The meeting allowed Asean finance and central bank deputies to engage directly with the UST, although tariffs were not on the main agenda, said the ministry. The issue gained prominence after US President Donald Trump announced retaliatory tariffs on April 3, just days before the 12th Asean Finance Ministers and Central Bank Governors Meeting began. Malaysia chaired Monday's sessions, which included the Asean Finance Deputies Meeting, Asean Central Bank Deputies Meeting, and a luncheon with the UST. The day concluded with a closed-door meeting among Asean deputies and the launch of the Malaysia Open House Exhibition @ Asean 2025. Malaysia has said it would not impose retaliatory tariffs on the US despite Washington's recent 10 per cent tariff hike and a reciprocal tariff on Malaysian exports. A 24 per cent tariff on goods entering the US is set to begin on April 9, under a broader trade policy aimed at nations with large trade surpluses with the US. The new tariffs, however, do not apply to all Malaysian exports to the US. The ASEAN Finance and Central Bank Deputies' Meeting (AFCDM) - U.S. Treasury (UST) took place at KL Convention Centre provided an avenue for ASEAN Finance and Central Bank Deputies to directly engage with the UST in a closed door setting. — Ministry of Finance (@MOFmalaysia) April 7, 2025
The Guardian
07-03-2025
- Politics
- The Guardian
US exits fund that compensates poorer countries for global heating
The Trump administration has withdrawn the US from a global agreement under which developed nations most responsible for the climate crisis pledged to partly compensate developing countries for irreversible harms caused by global heating. The loss and damage fund was agreed at the Cop28 UN climate summit in Dubai – a hard-won victory after years of diplomatic and grassroots advocacy by developing nations that bear the brunt of the climate crisis despite having contributed least to greenhouse gas emissions. The fund signalled a commitment by developed, polluting countries to provide financial support for some of the irreversible economic and noneconomic losses from sea level rise, desertification, drought and floods already happening. The US has a long record of delay tactics and obstructionism, and had so far pledged only $17.5m (£13.5m) to the loss and damage fund, which became operational on 1 January this year. Now the US, the biggest historical emitter of greenhouse gases, will no longer participate in the initiative. 'On behalf of the United States Department of the Treasury, I write to inform you that the United States is withdrawing from the board for the fund for responding to loss and damage, effective immediately,' said Rebecca Lawlor, the deputy director at the US Office of Climate and Environment, in a letter to the fund. The decision to abandon the loss and damage fund was condemned by climate advocates from the global north and south. 'The US decision to step away from this commitment at such a crucial moment sends the wrong message to the global community and to those in dire need of assistance,' said Mohamed Adow, a climate policy analyst and director of the thinktank Power Shift Africa. 'We urge the United States to reconsider its position in the interest of the planet and future generations … this regrettable decision risks undermining collective progress and erodes the trust necessary for effective international cooperation.' 'Let's be clear – the US has never been a climate champion. Yet the Trump administration's anti-climate action agenda – including its withdrawal from the loss and damage fund board – is a wrecking ball made of dynamite. It's dangerous, it's malicious and it will destroy lives,' said Rachel Rose Jackson, research director at Corporate Accountability. 'We cannot allow the Trump administration, and the greedy corporations pulling the strings, to get away with destroying the planet. It's time for the United States to pay up its climate debt and do its fair share of climate action.' The African Group of Negotiators, a coalition of African nations participating in UN climate negotiations, also condemned the move. 'This decision, made by the nation with the largest historical responsibility for climate change, jeopardises vital support for vulnerable countries facing irreversible climate impacts,' said its chair, Ali Mohamed. The withdrawal from the loss and damage fund comes after Trump again pulled out from the 2015 Paris climate accords, claiming the international agreement on cutting greenhouse gas emissions and preventing climate catastrophe ripped off the US. 'I'm immediately withdrawing from the unfair, one-sided Paris climate accord rip-off,' he said signing the executive order on his first day in office. 'The United States will not sabotage our own industries while China pollutes with impunity.' China currently ranks as the top greenhouse gas emitter but is also the global leader in the manufacture and deployment of renewable energy. The US is the largest historical emitter and, while emissions have fallen alongside reductions in coal, it has become the world's largest oil and gas producer by a huge margin in recent years. The Trump administration's anti-climate action policies come after record-breaking ocean and atmospheric temperatures caused climate chaos across the world including devastating wildfires in Los Angeles and deadly flooding across Florida and southern Appalachia. Meanwhile, Trump's pledge to 'drill, baby drill' – and his trade war and dismantling of federal agencies among other policies threaten to derail the burgeoning American renewables sector. The loss and damage fund is work in progress. As of late January, 27 countries had pledged a combined total of $741m – the equivalent of about 0.2% of the irreversible losses developing countries are facing from global heating every year. The US withdrawal from the fund appears to be another rejection of global diplomacy and the reality of the climate crisis for which it is disproportionately to blame. 'The decision by the Trump administration exemplifies a longstanding pattern of obstruction by the US government in securing necessary finance for addressing climate impacts, [and] undermines global efforts to deliver climate justice,' said Harjeet Singh, a climate activist and founding director of the Delhi-based Satat Sampada Climate Foundation. 'As the largest historical emitter, the United States bears a significant share of the blame for the climate adversities affecting vulnerable populations worldwide. We must hold them accountable and ensure they contribute their fair share towards global climate reparations.'
