News with the tag "aid"

Bill Gates accused Elon Musk of killing the world’s poorest children by cutting USAID funding in the wrong way. He said this while announcing that he would be giving his remaining wealth, which is more than $100 billion, to the Gates Foundation. Gates told FT that the sudden cuts had caused life-sav...

The US trade deficit in goods reached a historic high of $162 billion in March 2025, completely blowing past the $92.8 billion recorded in the same month last year. This data was reported by the US Census Bureau, and it is the biggest monthly trade gap since the government started tracking these num...

Ukraine’s financial system collapsed into chaos Saturday as major banks, payment services, and digital platforms across the country crashed at once, according to Bloomberg. People across Ukraine said they couldn’t swipe cards at retail stores, hop on public transport, or pay for taxi rides. Mobile p...

Cryptocurrency exchange Binance has released a new report detailing several inefficiencies around airdrops and possible lessons to apply moving forward. According to the exchange, the affected airdrops fall into two categories. The first type is retroactive, where projects typically surprise existin...

The Department of Government Efficiency (DOGE), co-founded by billionaire Tesla CEO Elon Musk, has reportedly deleted over 3.2 million outdated records from the US Social Security Administration (SSA). The agency contained millions of individuals marked as alive despite being over 120 years old, wit...

Get ready for a potential shake-up in how international aid is managed! The winds of change are blowing through Washington, D.C., and it seems even government agencies are catching the crypto bug. Reports suggest the Trump administration is considering a significant transformation for the U.S. Agenc...

Are you tired of the hoops you have to jump through to spend your crypto in the real world? Imagine a world where topping up your prepaid crypto card is as simple as a single click. Well, stop imagining! The future of seamless crypto spending is here, thanks to an exciting collaboration between Cron...

Trump and Musk have instilled fear in business people about losing their funds. Contractors that USAID owes tens of millions of dollars say they might have to shut down or face cases all over the developing world. In fact, new court filings make the claims, which include threats of physical harm to ...

The Department of Government Efficiency (DOGE) has launched a competitive ranking system to show which federal agencies are leading efforts to cut costs. The new webpage has listed over 2,200 terminated contracts and various cost-saving measures and claims to have cut down $65 billion in wasteful ex...

Torsten Sløk, chief economist at Apollo Global Management, predicts the layoffs from Elon Musk’s Department of Government Efficiency (DOGE) could reach one million jobs. He warns that early estimates of 300,000 layoffs fail to account for the broader impact on federal contractors. According to Sløk,...