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Trump picks hedge-fund investor Scott Bessent for treasury secretary

Job is one of most powerful in Washington with huge influence over US economy and financial marketsTrump’s administration and White House staffing picks and likely contenders – so farDonald Trump nominated Scott Bessent, a longtime hedge-fund investor who taught at Yale University for several years, to be his treasury secretary, a statement from Trump confirmed on Friday. The job is one of the most powerful in Washington, with huge influence over America’s gigantic economy and financial markets.The move to select Bessent is the latest as the president-elect starts to pull together the administration for his second term in the White House. The process so far has been marked largely by a focus more on personal and political loyalty to Trump than expertise and experience. Continue reading...

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Trump selects key Project 2025 figure Russ Vought to head budget office

Vought, who led Office of Management and Budget during Trump’s first term, deeply involved in rightwing manifestoDonald Trump has chosen Russ Vought, a key architect of Project 2025, the controversial conservative plan to overhaul the government, to be director of the US Office of Management and Budget, a powerful agency that helps decide the president’s policy priorities and how to pay for them.Vought, who was OMB chief during Trump’s first term, would play a major role in setting budget priorities and implementing Trump’s campaign promise to roll back government regulations. Continue reading...

Emperor penguin that travelled 3,000km to West Australian beach begins long journey home

Gus gained 3.5kg during his 20-day stopover before being released back into the Southern Ocean on WednesdayGet our breaking news email, free app or daily news podcastGus, an emperor penguin who gained international fame after travelling about 3,000km from Antarctica to the West Australian coast, is on his long way home after being released into the Southern Ocean.Emperor penguins can travel up to 1,600km on foraging trips, when they hunt fish, squid and krill. So Gus’s arrival on Ocean Beach, Denmark, on 1 November sparked surprise.Sign up for a weekly email featuring our best reads Continue reading...

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Middle East latest: Israeli strikes kill a hospital director in Lebanon and wound 9 medics in Gaza

Lebanon’s Health Ministry says Israeli airstrikes have killed the director of the largest hospital in the country's northeast

Nicaragua: Ortega and wife to assume absolute power after changes approved

Loyalist lawmakers give green light to constitutional amendment as authoritarian president, 79, tightens gripNicaragua’s President Daniel Ortega and his wife are set to assume absolute power after loyalist lawmakers approved a constitutional amendment elevating her to the position of “co-president” and boosting the pair’s joint control over the state.Under sanctions for human rights abuses, Ortega himself had proposed the change, which also increases the president’s control over the media and extends the presidential term from five to six years. Continue reading...