Author: OMN AI

The United States and China have reached a final agreement on the sale of TikTok’s US operations, treasury secretary Scott Bessent announced on Sunday, marking a major step in efforts to resolve one of the most contentious issues between the two powers. Speaking on CBS’s Face the Nation, Bessent said the deal was completed during negotiations in Madrid, with final approval expected when Donald Trump and Xi Jinping meet later this week in South Korea. “We reached a final deal on TikTok,” Bessent said. “All the details are ironed out, and it will be for the two leaders to consummate…

Europe Must Strengthen Its Defense Posture René Obermann, the chairman of Airbus, has stressed the urgent need for European nations to reinforce their armed forces. He highlighted that electronic warfare capabilities, low-Earth orbit satellite networks, and nuclear deterrence are crucial for safeguarding Europe’s security and maintaining its strategic influence on the global stage. Boosting Defense Production and Regional Collaboration Obermann emphasized that expanding defense manufacturing is essential to meet rising security demands. He also urged European countries to work more closely together on defense programs, noting that cooperative initiatives can increase efficiency and enhance overall military readiness. Coordinated Strategy Key…

U.S. home equity reached a record high of $35 trillion as of March 2025, reflecting the strength of the housing market and the wealth-building potential of homeownership. This milestone underscores how homes continue to serve as a primary source of financial security for Americans. Experts say the rise in home equity is driven by steady home price growth over the past several years. Even amid fluctuations in mortgage rates, property values have remained resilient, allowing homeowners to build substantial equity. This financial cushion provides greater flexibility for households to invest, borrow, or plan for the future. The surge in equity…

US President Donald Trump has raised tariffs on Canadian goods after Ontario broadcast an anti-tariff advert featuring former US President Ronald Reagan. Trump called the advert a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he wrote on social media on Saturday. Washington and Ottawa drift further apart Trump had already ended trade talks with Canada on Thursday, deepening the diplomatic rift. Ontario Premier…

The Louvre secretly transferred part of its jewelry collection to the Bank of France vaults on Friday following last week’s audacious robbery. French radio network RTL reported that the move served as a precaution to prevent further thefts. Police escorted the operation as museum staff discreetly removed the pieces, including the famed “Crown Jewels” from the Apollo Gallery and other valuable items. The Bank of France vault, located 27 meters below its Paris headquarters, also stores 90% of the nation’s gold reserves. The transfer followed public outrage after the museum confirmed the theft of several historic jewels, forcing officials to…

The Co-op has instructed staff to increase the visibility and promotion of vapes in its stores as part of a drive to recover from a major cyber-attack that caused a sharp fall in sales. An internal document titled Powering Up: Focus Sprint: Cigs, Tobacco and Vape outlines plans to boost sales by introducing larger vape displays, more advertising, and an expanded product range across its 2,000 UK grocery outlets. The move aims to plug an estimated £1m per week in lost sales and reverse a decline of about 100,000 weekly transactions since the April hack. The document says at least…

Covert Operation Exposes Illegal Nuclear Material Deal Georgian security forces have arrested three Chinese citizens accused of attempting to acquire uranium through an unauthorized sale. The country’s State Security Service said the arrests occurred in Tbilisi during a planned operation, after the suspects allegedly tried to purchase roughly two kilograms of radioactive material for about $400,000. The uranium was recovered by authorities and transferred to specialists for inspection and containment. Officials Link Scheme to Cross-Border Trafficking Plan Investigators believe the men intended to transport the uranium from Georgia into China, traveling through Russian territory. One suspect was reportedly in the…

President Donald Trump is set to meet Thai Prime Minister Anutin Charnvirakul in Kuala Lumpur before a formal signing ceremony for a ceasefire agreement with Cambodia. The meeting signals a coordinated effort to promote stability in the region. Officials said the Kuala Lumpur discussions will focus on supporting the ceasefire and ensuring a smooth implementation of the agreement. Both leaders are expected to discuss strategies to maintain peace and security. The ceasefire, which involves Cambodia, is intended to end long-standing tensions and foster dialogue between conflicting parties. Trump’s meeting with the Thai Prime Minister emphasizes the U.S. role in facilitating…

The U.S. military ordered the USS Gerald R. Ford to move toward South American waters in a significant show of strength. The Pentagon confirmed the deployment on Friday as part of an expanding buildup in the Caribbean and off Venezuela’s coast. Secretary of War Pete Hegseth directed the carrier and its strike group to operate under U.S. Southern Command. Pentagon spokesman Sean Parnell said the mission will detect, monitor, and dismantle criminal networks that threaten American security and prosperity. The USS Gerald R. Ford currently operates in the Mediterranean alongside five destroyers. The move signals a major escalation of U.S.…

Beef prices in the United States have surged to record levels, turning into a major political flashpoint. Donald Trump, who once proclaimed that inflation was “dead,” now faces growing pressure as rising beef costs threaten his pledge to lower grocery bills for American families. This week, he took to social media to urge ranchers to cut cattle prices. But his call — and other proposals from his administration — have triggered anger among ranchers who say his ideas could harm their livelihoods without easing the burden on consumers. Shrinking herds and vanishing ranches The number of US cattle ranchers has…