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Bank of America Chief Executive Officer Brian Moynihan said that the U.S. trade war appears to be de‑escalating, with average tariffs settling around roughly 15% for many countries after a period of uncertainty for businesses. He noted that while tariffs still remain higher for some trading partners, the shift from initial tariff shocks to a more predictable rate structure could ease pressures on planning and investment. Moynihan outlined these views during an interview aired on CBS News’ Face the Nation, where he also underscored that China and North American trade agreements remain distinct areas of focus.

Moynihan expressed concern about ...

OpenAI has launched a search for a senior executive to lead its AI preparedness and safety efforts, an initiative seen as part of the organization’s broader commitment to addressing potential societal risks from advanced artificial intelligence. The role is intended to oversee work on anticipating and mitigating harms that could arise as AI systems grow more capable.

According to job listings and company statements, OpenAI is seeking an experienced leader to head this new preparedness function, which will involve collaborating with internal teams and external partners on policy, safety research and risk assessment frameworks. The position reflects increasing industry attention to ...

Silver prices briefly surged above $80 an ounce for the first time, marking a historic milestone in precious metals trading, before undergoing a sharp reversal as traders locked in gains. The rally, driven by momentum and investor demand, quickly shifted course overnight, reflecting the market’s fragile balance between speculation and fundamentals.

Following the brief spike, silver dropped as much as 5% during the next session, with analysts citing profit-taking and overbought conditions. The decline mirrored a broader pullback across precious metals, including gold, which also saw declines after a strong year-end run-up.

Market observers pointed to stretched technical conditions as a warning ...

U.S. President Donald Trump issued a warning to Iran, stating that any attempt by Tehran to resume development of long-range missile or nuclear weapons programs could trigger a military response. The comments follow reports that Iran may be reconstructing weapons facilities previously targeted in airstrikes.

Speaking during a press briefing, Trump suggested the United States would consider supporting or launching strikes against Iranian sites if evidence emerges that Iran is reinitiating banned military programs. He emphasized that the U.S. remains committed to preventing Iran from acquiring or deploying nuclear-capable systems.

Iran has not confirmed any resumed development, but U.S. intelligence assessments reportedly ...

The United States has pledged $2 billion in support of United Nations humanitarian operations for 2026, as part of a broader effort to address escalating global needs. The funding, announced at the U.N. headquarters, is intended to support life-saving aid in regions affected by war, climate shocks, and deepening poverty.

The commitment comes as global humanitarian needs remain at record highs. According to U.N. officials, over 300 million people are projected to require assistance in the coming year, with acute food insecurity, mass displacement, and underfunded emergency response efforts placing growing pressure on aid systems.

While welcomed by U.N. agencies, the funding ...

U.S. President Donald Trump said American forces carried out military strikes on a large facility in Venezuela following what he described as an attack on a dock linked to U.S. interests. According to Trump, the operation was intended as a direct response and a warning against further hostile actions.

The strikes reportedly resulted in casualties, with Venezuelan authorities confirming that at least two people were killed. Details surrounding the alleged dock attack remain unclear, and independent verification of the events has not been publicly released.

Venezuelan officials strongly condemned the U.S. action, describing it as a violation of national sovereignty and accusing ...

VTB Bank, Russia’s second-largest financial institution by assets, experienced a significant digital services outage on December 29, 2025, disrupting access to its website, mobile app, and card payments. The failure occurred during peak hours of pre-New Year activity, leaving thousands of customers unable to complete transactions or access their accounts.

According to customer reports, the outage began around 12:30 PM Moscow time, with complaints peaking during lunchtime. Downdetector data indicated over 8,000 complaints within a short span, primarily involving login issues, failed transfers, and declined card payments in stores and public eateries.

The most affected regions included Moscow, St. Petersburg, the Yamal-Nenets ...

Russian President Vladimir Putin has signed a law amending the official description of the state coat of arms to formally закрепить (fix) the presence of crosses above the crowns and the orb depicted on the emblem. The document entered into force upon its official publication.

Under the revised description, the small crowns, large crown, and the orb are defined as being topped with straight, equilateral four‑pointed crosses with expanding ends. The amendments were adopted by the State Duma on December 18 and approved by the Federation Council the following day.

Lawmakers supporting the changes said the amendments are intended to prevent distortions ...