TRUMP ADMINISTRATION SET TO RECEIVE $10 BILLION FOR FACILITATING TIKTOK DEAL. (PHOTO).

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 Trump administration set to receive $10 billion for facilitating TikTok deal The Trump administration is reportedly set to receive $10 billion for its role in securing the TikTok US deal. According to reports, the group of investors that acquired stakes in TikTok’s U.S. operations—known as TikTok USDS Joint Venture—already paid $2.5 billion when the deal closed in January, with additional payments scheduled until the total reaches $10 billion. The investors include Oracle, Silver Lake, and MGX. The U.S. entity of TikTok was valued at $14 billion by Vice President JD Vance, providing context for the size of the fee. The administration has a history of involvement in major corporate deals, including an $8.9 billion investment in Intel last year that yielded nearly a 9 percent equity stake. In another high-profile move, the Trump administration received a Boeing 747-8 as a gift from the Qatari government in May.
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UN AGENCY SAYS 13.7 MILLION PEOPLE FACE SEVERE HUNGER DUE TO GLOBAL AID CUTS. (PHOTO).

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 UN agency says 13.7 million people face severe hunger due to global aid cuts


Almost 14 million people in Afghanistan, Democratic Republic of Congo, Haiti, Somalia, South Sudan and Sudan risk severe hunger due to cuts in global humanitarian aid, the United Nations World Food Programme (WFP) warned, Reuters reported.


The WFP's biggest donor, the United States, has slashed its foreign aid under President Donald Trump, and other major nations have also made or announced cuts in development and humanitarian assistance.


"WFP's funding has never been more challenged. The agency expects to receive 40% less funding for 2025, resulting in a projected budget of $6.4 billion, down from $10 billion in 2024," the Rome-based agency said.


A WFP report, titled "A Lifeline at Risk", warned that cuts to its food assistance could push 13.7 million people from "crisis" to "emergency" levels of hunger, one step away from famine in a five-level international hunger scale.


"The gap between what WFP needs to do and what we can afford to do has never been larger. We are at risk of losing decades of progress in the fight against hunger," WFP executive director Cindy McCain said.


"It's not just the countries engulfed in major emergencies. Even hard-won gains in the Sahel region, where 500,000 people have been lifted out of aid dependence, could experience severe setbacks without help, and we want to prevent that," she added.

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