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Treasury Secretary Steve Mnuchin (R) listens to U.S. President Donald Trump speak during a "strategic initiatives" lunch at the White House in Washington, U.S., February 22, 2017. REUTERS/Kevin Lamarque

No cuts to Social Security, Medicare in Trump budget

WASHINGTON - President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in a TV interview.

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Iraqi forces aim to secure Mosul bridge, link up to east bank

MOSUL, Iraq U.S.-backed Iraqi forces pushed deeper into western Mosul on Sunday, aiming to capture a bridge across the Tigris which would link the city's government-held eastern bank with the ongoing offensive against remaining militants in the west.

Nokia goes back to the future with 49 euro phone

BARCELONA, Spain Nokia's newly revitalized phone business went back to the future on Sunday, re-introducing a brightly colored version of the classic 3310 talk and text phone, the world's most popular device in the year 2000.

In Puerto Rico, pensions' decline pits retirees against lenders

As Puerto Rico attempts to sort out its tangled financial web, retirees may face bigger cuts than those in past U.S. municipal insolvencies, due in part to an unconventional debt structure that pits pensioners against the very lenders whose money was supposed to sustain them.

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