United States Department of the Treasury

Regional News • Middle East
US ‘terrorist’ designation of Yemen’s Houthis comes into effect

Just days before the now-former President Donald Trump was set to leave office, his administration announced plans to label the Houthis a “foreign terrorist organization” – effectively barring US citizens and entities from interacting financially with the group.

The designation came into effect on Tuesday, just as the US Treasury Department released details of limited licensing exemptions to the restrictions. For months, international aid groups providing much-needed aid to civilians hard hit by a devastating conflict in Yemen have warned that their work could be disrupted by the US designation of the Houthis – and urged the Trump administration not to do it. But US Secretary of State Mike Pompeo on January 10 said the measure aimed “to hold Ansarallah accountable for its terrorist acts, including cross-border attacks threatening civilian populations, infrastructure, and commercial shipping”.

Human rights and humanitarian groups, as well as US lawmakers, are also urging the recently inaugurated US President Joe Biden to rescind the designation. The United Nations’ humanitarian chief last week called for the US to reverse the decision, saying it could lead to “large-scale famine on a scale that we have not seen for nearly 40 years”.

Biden’s incoming national security adviser also recently criticized the move.

Technology • Internet & Web
U.S. Treasury emails hacked by suspected Russian hackers
U.S. Treasury emails hacked by suspected Russian hackers
Credit: MeanieHyaena / via Wikimedia Commons (Creative Commons Attribution 4.0)

Hackers believed to be working for Russia have been monitoring internal email traffic at the U.S. Treasury and Commerce departments. The hack is so serious it led to a National Security Council meeting at the White House on Saturday.

Technology • Internet & Web
Revised terms for Oracle's TikTok bid accepted by both companies
Revised terms for Oracle's TikTok bid accepted by both companies
Credit: Illustration: Pendect, Logos TikTok & Oracle (Creative Commons Attribution ShareAlike 4.0)

A revised term sheet by the United States Secretary of the Treasury Steven Mnuchi has been accepted by Oracle and the TikTok owner Bytedance.

The approval of the United States and the Chinese governments are for the deal are still pending.

Technology • Internet & Web
Oracle confirms TikTok deal, no U.S. government approval yet
Oracle confirms TikTok deal, no U.S. government approval yet
Credit: Pendect, Ashley Winkler – Logo via TikTok, Oracle

Oracle has confirmed that it has made a deal with ByteDance over a TikTok partnership, the company announced on Monday.

"Oracle confirms Secretary Mnuchin’s statement that it is part of the proposal submitted by ByteDance to the Treasury Department over the weekend in which Oracle will serve as the trusted technology provider," so Oracle in a statement.

"I will just say from our standpoint, we’ll need to make sure that the code is, one, secure, Americans’ data is secure, that the phones are secure and we’ll be looking to have discussions with Oracle over the next few days with our technical teams," so Secretary Steven Mnuchin, who said that the government is planning to review the deal this week.

Regional News • Americas • United States
The United States have payed $1,4 billion in Covid-19 support to dead people
The United States have payed $1,4 billion in Covid-19 support to dead people
Credit: Petr Kratochvil (Public Domain)

Steven Mnuchin the United States Secretary of the Treasury has announced that family members of dead people who have accidentally gotten the "stimulus check" as Covid-19 support should pay back the money to the financial authorities. In total $1,4 billion have been paid to dead people because the authorities in charge ignored or forgot the official reports on dead people.

Regional News • Americas • United States
Treasury announces plans on sending money directly to US citiziens

In order to combat the economical consequences of the coronavirus outbreak, Treasury Secretary Steven Mnuchin has announced they'd be "looking at sending checks to Americans immediately" following the shutdown of many businesses across America. “Americans need cash now and the president wants to get cash now. And I mean now in the next two weeks", Mnuchin added.