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The US Treasury Department has taken a strong stance against the Financial Times (FT), formally requesting a retraction of a report that suggested Treasury Secretary Scott Bessent had discussed increasing oversight of the Federal Reserve in a manner similar to the Bank of England's model. In a detailed email to senior editors at the FT and its parent company, Nikkei Inc., Treasury officials disputed multiple claims in the story, criticizing the headline as misrepresenting the underlying reporting. The FT had reported on March 26 that Bessent had discussed adopting practices similar to the Bank of England, including regular communication between the Fed governor and the US Treasury Secretary over inflation targets. Treasury officials denied that Bessent had endorsed such views or discussed adopting similar practices in Washington. They also took issue with the headline, which stated that Bessent had 'praised' the Bank of England model for tighter oversight, a claim that did not appear in the text of the story. “The Secretary has never made any of the above statements in public or private,” Elliott Hulse, the acting assistant secretary for public affairs, wrote in the email. “At no time has the secretary ‘discussed tightening the US Treasury’s oversight of the Federal Reserve by adopting elements of the Bank of England’s model in a step that would shake up the central bank’s relationship with government.’” The FT responded by stating they were confident in the accuracy of their story, including US Treasury responses in the article. This incident highlights the sensitivity surrounding the Federal Reserve's political independence, especially following Donald Trump's repeated threats to fire Fed Chair Jerome Powell for not reducing borrowing costs as requested. Investors prioritize the Fed's independence in making policy decisions, as political pressure could lead to rapid inflation and subsequent sharp rate increases. The Treasury's actions mark an effort to discredit the FT report, with Bessent himself denying the claims on social media.

The growing influence of political deepfakes is a pressing concern, as AI-generated content becomes increasingly sophisticated and accessible. Online content creators are not only building fake images and videos of prominent public figures but also fabricating people and using them in military contexts, which can make them money and serve as effective propaganda.According to experts, some of these online avatars are sexualized images of women wearing camouflage garb that have generated a significant audience and helped create an idealized image of political figures like Donald Trump, even if the viewer knows the content is not real. Daniel Schiff, an assistant professor of technology policy at Purdue University, notes that "we are blending the lines between political cartoons and reality," and that "a lot of people feel like these images or videos or the stories they convey, feel true."The amount of political deepfakes has increased dramatically in recent years, with over 1,000 English language social media posts featuring fake images or videos of prominent political figures and politically important social issues and events cataloged by the Governance and Responsible AI Lab (Grail) since the start of 2025. In contrast, the organization recorded 1,344 such incidents in the previous eight years combined.The uptick is largely due to improvements in generative AI technology, which has made it "trivially easy to generate a scene that looks pretty realistic and to place real individuals into scenes," according to Sam Gregory, executive director of Witness. The fake avatars, which mimic real ordinary people rather than known figures, are a different matter again.Researchers worry that things will only get worse, with the technology used to build AI-generated content like Jessica Foster potentially being used to produce "AI swarms" capable of "coordinating autonomously, infiltrating communities, and fabricating consensus efficiently." However, humans can still stop malicious actors from using AI to destabilize society by implementing technical standards for content provenance and authenticity and ensuring that technology companies label AI-generated content.

The recent video of McDonald's CEO Chris Kempczinski sampling the chain's new 'Big Arch burger' sparked widespread ridicule. This incident highlights a growing trend: CEOs and corporate leaders increasingly seeking to center themselves in the spotlight. This phenomenon, which can be termed 'CEOism,' raises important questions about the motivations behind it and its impact on consumers.Examples of CEOism abound. During the Super Bowl, the founder of Ring featured in the company's ad, only to face backlash for the dystopian undertones of the doorbell technology being promoted. In the sporting world, Fifa president Gianni Infantino has taken to inserting himself into high-profile events, including interrupting the start of the World Cup to give a welcoming address and unveiling the official sticker album.The reasons behind CEOism are complex and multifaceted. On one hand, companies are seeking to be seen as more relatable and approachable, which may explain why CEOs want to center themselves in advertising. On the other hand, the current cultural and political climate appears to have emboldened corporate leaders, who now seem more willing to express their opinions and insert themselves into public discourse.The article's author, Larry Ryan, expresses skepticism about the trend, suggesting that CEOs are mistaking interest in their products with interest in the people themselves. He longs for a time when CEOs focused on financial performance rather than seeking to be in the spotlight.However, some argue that audiences want to hear from the people behind brands and that 'CEOism' can be an effective marketing strategy. The success of podcasts like 'The Diary of a CEO' and social media influencers suggests that people may indeed be interested in hearing from corporate leaders.

In a groundbreaking development, US President Donald Trump's signature will soon be featured on US currency as part of plans to commemorate the 250th anniversary of the country's Independence Day on July 4. This move, announced by the US Department of the Treasury on Thursday, marks a significant departure from tradition, as Trump becomes the first sitting president to have his signature on US banknotes.Currently, US banknotes, which come in denominations of $1, $2, $5, $10, $20, $50, and $100, feature the signatures of the Treasury secretary and the treasurer. The decision to include Trump's signature is seen as a recognition of his 'historic achievements,' according to US Treasury Secretary Scott Bessent, who noted that Trump has put the country on a path towards 'unprecedented economic growth' and 'fiscal strength and stability.'The economic growth under Trump has been largely in line with the post-pandemic trend overseen by his predecessor, Joe Biden. Specifically, US GDP grew 2.2 percent in 2025, slightly below the 2.5 percent average expansion from 2022-2024. This move has not been without criticism, with California Governor Gavin Newsom mocking the announcement, suggesting that Americans will now know exactly who to blame for rising costs of living expenses.This development comes on the heels of the US Commission of Fine Arts approving the minting of a commemorative gold coin bearing Trump's image, a move that also drew backlash. Critics have likened these actions to the behavior of dictators and monarchs. Trump, known for aggressively pushing his personal brand, has attached his name to various institutions and projects, including the John F Kennedy Center for the Performing Arts and an upcoming class of battle ships.

Iran has introduced a ban on its sports teams traveling to countries it considers 'hostile', as reported by Iranian state TV. This move comes ahead of Tractor SC's scheduled football match in Saudi Arabia as part of the Asian Champions League. The ban was announced nearly a month after US-Israeli attacks on Iran led to war on February 28. The Iranian Ministry of Sports stated that the presence of national and club teams in countries unable to ensure the security of Iranian athletes is prohibited until further notice. The decision specifically affects Tractor's playoff game against Shabab Al Ahli of Dubai in Saudi Arabia, set to take place next month. The Iranian football federation and clubs are responsible for notifying the Asian Football Confederation to relocate the games. Although the statement did not list countries deemed hostile, it mentioned that the western zone playoffs have been rescheduled for April 13-14 in Jeddah, with the tournament quarterfinals, semifinals, and final set for April 16-25 in the Saudi city. This development is separate from Iran's participation in the World Cup in Canada, Mexico, and the US in June and July, for which Iran has qualified. The Iranian ambassador in Mexico City has been negotiating with FIFA to move Iran's group-stage matches from the US to Mexico due to safety concerns raised by US President Donald Trump. However, FIFA President Gianni Infantino has expressed a desire for the tournament to proceed as scheduled. The Iranian national team is currently training in Turkey ahead of friendly matches against Nigeria and Costa Rica.

Analysts have expressed concerns that former US President Donald Trump misunderstands the evolving reality in Iran. According to experts, the situation in Iran has significantly changed, but it appears that Trump has not adjusted his perspective accordingly.The analysts' comments come amid ongoing tensions between the US and Iran. The relationship between the two nations has been strained for years, with issues such as nuclear diplomacy, economic sanctions, and regional influence contributing to the friction.While specific details about Trump's current views on Iran are not provided, the analysts' warnings suggest a disconnect between Trump's understanding and the current geopolitical landscape. This disconnect could have implications for future diplomatic efforts and international relations.

Costa Rica has announced that it will accept 25 migrants deported from the United States per week as part of an agreement to assist with President Donald Trump's policy of deporting immigrants to 'third countries'.The Central American nation joins a growing number of countries across Africa and the Americas that have signed contentious, often secretive agreements with the US to accept deportees from other countries.In many cases, critics say migrants who previously hoped to seek asylum in the US are left in a legal 'black hole' in foreign countries where they don't speak the language.Countries that have agreed to receive third-party migrants include South Sudan, Honduras, Rwanda, Guyana and several Caribbean islands like Dominica and St Kitts and Nevis.'Costa Rica is prepared to see this flow of people,' said Costa Rican Public Security Minister Mario Zamora Cordero in a video statement on Thursday.Costa Rica's government signed the pact on Monday during a visit from US special envoy Kristi Noem, who was recently named to oversee the so-called 'Shield of the Americas'.Noem, who was fired earlier this month from her role as secretary of Homeland Security, has been travelling through Latin America, with recent stops in Guyana and Ecuador.The Trump administration has spent at least $40m to deport about 300 migrants to countries other than their own, according to a February report by the Democratic staff of the Senate Foreign Relations Committee.

A United States judge has ruled that he will not dismiss the drug-trafficking and weapons possession charges brought against former Venezuelan President Nicolas Maduro and his wife Cilia Flores.In a Thursday court hearing, Judge Alvin Hellerstein questioned whether the US government has the right to bar Venezuela from funding Maduro's legal expenses. The hearing was the first for Maduro and his wife since a brief January arraignment, where they pleaded not guilty.Maduro and Flores have sought to have the charges against them thrown out. Hellerstein declined to do so, but he pressed the prosecution on some of the issues Maduro's legal team raised in its petition to dismiss the case. Among them was a decision by the administration of US President Donald Trump to prevent the Venezuelan government from financing Maduro's defence.Federal prosecutors argued that national security reasons prevented the US from allowing such payments. They also pointed to ongoing sanctions against the Venezuelan government. But Hellerstein pushed back against that argument, noting that Trump had eased sanctions against Venezuela since Maduro's abduction on January 3. He also questioned how Maduro might pose a security threat while imprisoned in New York.“The defendant is here. Flores is here. They present no further national security threat,” said Hellerstein. “I see no abiding interest of national security on the right to defend themselves.”Hellerstein emphasised that, in the US, all criminal defendants have the right to a vigorous defence, as part of the US Constitution's Sixth Amendment. Maduro, who led Venezuela from 2013 to 2026, has been charged with four criminal counts, including “narco-terrorism” conspiracy, conspiracy to import cocaine, the possession of machine guns and the conspiracy to possess machine guns and other destructive devices.He and his wife were taken into US custody on January 3, after Trump launched an attack on Venezuela. The Trump administration has framed the military operation as a “law enforcement function”, but experts say it was widely considered illegal under international law, which protects local sovereignty.Trump himself weighed in on the proceedings during a Thursday US Cabinet meeting, hinting that further charges could be brought against Maduro. “He emptied his prisons in Venezuela, emptied his prisons into our country,” Trump said of Maduro, reiterating an unsubstantiated claim. “And I hope that charge will be brought at some point. Because that was a big charge that hasn’t been brought yet. It should be brought.”

The World Trade Organization (WTO) has convened a critical meeting in Yaounde, Cameroon, against a backdrop of global economic turmoil and rising protectionism. The organization is facing the threat of a 'disorderly collapse' if it fails to strike a new deal on global trade rules.WTO Director-General Ngozi Okonjo-Iweala warned that the old 'world order' is not returning, following a year of turmoil marked by US President Donald Trump's aggressive trade policies, including sweeping tariffs.“We will not get it back … We must look to the future,” Okonjo-Iweala said, emphasizing the need for a new approach. The global trading system is experiencing the 'worst disruptions in the past 80 years'.The US Trade Representative, Jamieson Greer, defended Trump's policies, stating that they were a 'corrective response' to a trading system that had overseen 'severe and sustained imbalances'. Greer argued that the 'new world order' would involve agreements between smaller groups, rather than waiting for consensus on a 'lowest common denominator'.The US is critical of the WTO's 'most-favoured nation' (MFN) principle, which governs 72 percent of global trade. China, however, defended the system, warning that abandoning MFN would open a 'Pandora's box'.The European Union signaled its desire to rethink MFN, citing concerns about China. UK Trade Minister Chris Bryant warned of potential fragmentation if no deal is reached on reforms, stating that ministers must 'get this week right' to avoid a 'disorderly collapse of the WTO'.