The Treasury Department is encouraging Americans to take newly minted President Donald Trump dollar coins to their favorite liberal coffee shops, issuing a challenge in a TikTok video posted Wednesday.

U.S. Treasurer Brandon Beach urged Americans to pick up rolls of the coins at banks next month and use them to purchase coffee at businesses he described as liberal.

“This is the dollar coin. It will be in the banks next month,” he said in the clip as he removed the coins from a bank. “And I want to challenge you to go get a roll of dollar coins next month. And then I want you to go to your favorite liberal coffee shop with your top dollar coins. Buy a cup of coffee. Watch their heads explode. They will not like it. But I love it. And I love this president. And I love this coin.”

TREASURY UNVEILS $1 GOLD COIN WITH TRUMP’S IMAGE ON FRONT

The U.S. Mint is now offering these $1 Trump coins for sale. (United States Mint on X)

The challenge, shared on the Treasury Department’s official TikTok account Wednesday, comes after the U.S. Mint began selling the Trump-themed currency in September as part of the nation’s 250th anniversary commemorations.

The Trump dollar coins went on sale through the U.S. Mint in September, with a roll of 25 priced at $61 and a bag of 100 selling for $154.50, significantly above their face value, FOX Business previously reported.

The Mint also indicated the coins could be used for everyday transactions, despite being marketed to collectors.

TRUMP-EMBLAZONED $1 COINS GO ON SALE — AND THE MINT IS CHARGING A MAJOR MARK-UP

U.S. Treasurer Brandon Beach stands beside a display featuring President Donald Trump’s new dollar coin in a Treasury Department TikTok video. (@ustreasury / Unknown)

“These coins are also in circulation, so check your pocket change,” the U.S. Mint wrote in a September post on X.

The coins feature Trump’s likeness beneath the word “LIBERTY,” with the years “1776 ~ 2026” below his portrait and “IN GOD WE TRUST” alongside it. The currency commemorates the nation’s 250th anniversary.

According to the Mint’s product description, the coins were produced in Philadelphia with circulating finishes but had not been placed into circulation when they were offered for sale. The coins can still be used as legal tender.

Beach’s announcement that the coins will be available at banks next month suggests Americans could have another way to obtain the currency beyond purchasing it directly from the Mint.

A dollar coin exchange machine featured in a Treasury Department TikTok video displays the front and back of the 2026 Trump dollar coin, commemorating America’s 250th anniversary. (@ustreasury / Unknown)

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The Treasury Department has not specified which banks will carry the coins or whether they will be available at face value.

FOX Business reached out to the Treasury Department for clarification on the coins’ availability at commercial banks, distribution schedule and whether customers will be able to obtain them at face value.

Arizona Governor Katie Hobbs was one such proponent – until public pressure pushed her to the other side of the issue. In July, she enacted a three-year pause on any new tax break given to a company for a data centres project.

Arizona is far from the only state to see politicians react to data centre backlash.

Abdul El Sayed, a Democrat running for Senate in Michigan, made new rules and regulations for data centres a clear part of his successful primary campaign for Senate.

In the race for governor of Georgia, a Democrat who is calling for a pause on data centre development is in a dead heat with a Republican who disagrees.

Republican Senator John Husted of Ohio, who is fighting to keep his seat against Democrat Sherrod Brown, has also had to shift his position. Recent polls, external have found that the majority of Ohio voters oppose data centres. He has softened his support, saying that their arrival should be up to local citizens and elected officials.

Meanwhile, Brown has stumped on his opposition to new data centres. He leads Husted in recent polls.

Husted’s trouble in Ohio led the National Republican Senatorial Committee, the major fundraising arm for conservatives in the Senate, to write in a private memo, external that Republican politicians needed to entirely reframe how they spoke to voters on data centres.

“This has become a sleeper issue for the entire election cycle”, the NRSC added.

Texas is perhaps the most clear cut example of how backlash has turned into an undeniable issue for even the most pro-business politician.

The state currently has almost 300 operational data centres, with another 170 planned for development, according to Pew data.

At the end of last year, Republican Governor Greg Abbott had boasted of Texas as “the epicentre of AI development” because of the number of data centres it housed.

Within months he was backtracking, citing concerns of “safety and quality of life”.

It could play a part in the state’s upcoming senate race too.

Democrat James Talarico’s campaign is pushing for an end to “sweetheart tax deals” for Big Tech. He’s now seen as a frontrunner for the historically Republican seat, where he is facing off against Republican Attorney General Ken Paxton.

Paxton said in a late September interview that there was still “plenty of open space in Texas that we can put data centres”.

Thailand can strengthen economic resilience by choosing strategic roles in global value chains, building domestic suppliers and aligning industrial policy with national capabilities

Key Points

• Thailand’s resilience will depend on its position inside global value chains, not simply on the number of foreign factories operating in the country.
• Industrial policy should focus on tasks Thailand can perform competitively, while linking multinational companies with capable domestic suppliers and research institutions.
• Semiconductor ambitions, AI infrastructure and energy transition projects will succeed only if they create skills, technology transfer and stronger local production networks.

Under the theme “Thailand’s New Horizon: Empowering People, Building Resilience,” Thailand is set to host the 2026 Annual Meetings of the International Monetary Fund and World Bank Group.

This theme arrives at a critical moment. The economy’s vulnerability to recurring disruption has been highlighted by recent flooding that impacted factories, supply chains, tourism, and small enterprises, alongside escalating energy prices and strained household budgets.

The core challenge lies in determining the most effective approach to establishing long-term resilience.

Recent expert analysis suggests moving away from generalized objectives toward strengthening Thailand’s role within global value chains. Building on this perspective, true resilience is not achieved by attempting to cover every sector, but by identifying critical tasks, excelling in them, and cultivating domestic capabilities that render the economy indispensable.

Strategic positioning as the basis of resilience

Driven by geopolitical friction, technological constraints, and supply chain disruptions, international firms are actively restructuring their operations. In this environment, the United Nations Conference on Trade and Development highlights the growing importance of “indispensability”, a policy designed to anchor a nation within key supply chain nodes that businesses cannot easily circumvent.

Rather than attempting to capture every available project in an aggressive regional contest for semiconductor facilities, data hubs, battery plants, green energy, and high-tech electronics, Thailand must adopt a focused approach. Securing headline-grabbing announcements does not inherently grant a lasting competitive advantage.

Instead, the key issue is identifying the specific segments of these global value chains where Thailand possesses a distinct comparative advantage.

Leveraging established expertise in automotive manufacturing, component production, electronics, food processing, logistics, and tourism provides a far more viable path to resilience than attempting a swift breakthrough across all emerging technological frontiers.

Consider Thailand’s semiconductor ambitions: while the goal is to cultivate an end-to-end ecosystem covering design, fabrication, assembly, testing, and advanced packaging, competing directly with market leaders in Taiwan, South Korea, or the United States would require immense capital and entail significant risk. A more pragmatic approach lies in targeting niche areas such as advanced packaging, testing services, power electronics, sensors, automotive microchips, and specialized capital equipment.

Ultimately, effective strategic positioning requires prioritizing the areas where Thailand can make itself truly indispensable.

Foreign investment is only the beginning

Thailand has attracted major international companies by offering investment incentives, industrial estates, a developed supplier base and access to regional markets. That model helped establish the country as an automotive and electronics hub.

It also created a structural weakness. Foreign companies often control technology, product design, procurement standards and the most valuable parts of the supply chain, while local firms remain concentrated in lower-value production.

A factory can create jobs without creating an ecosystem. A multinational can bring capital without transferring meaningful technological capability. An assembly operation can expand exports while leaving domestic companies dependent on decisions made at headquarters elsewhere.

Thailand’s investment policy should therefore measure what happens around a project. Does it develop local suppliers? Does it train engineers and technicians? Does it create opportunities for Thai firms to provide software, components, maintenance, logistics or research? Does it help local businesses meet the standards required by global customers?

These questions are more valuable than the headline value of an investment announcement.

The Bangkok Post article points to the importance of supply-chain linkages and cites global companies such as Western Digital, Seagate, Delta Electronics and Schneider Electric as examples of firms whose operations include domestic supplier networks. The governance of those relationships matters. Lead firms decide what suppliers produce, under which standards and with what degree of visibility and traceability.

Thailand should use that influence to create stronger local capabilities.

Domestic suppliers need a larger role

Small and medium-sized businesses form the third layer of many global value chains. They provide components, services, maintenance, transport, packaging and specialist labour. Yet they often lack the financing, certification and technology needed to become reliable partners for multinational companies.

This leaves Thailand vulnerable during a disruption. When a flood closes a supplier, an assembly plant can stop even when its own facility is protected. When a foreign firm changes its procurement strategy, local companies may lose their main customer with little warning.

Resilience requires more capable domestic suppliers. Public resources should support supplier development, technical training, digitalisation, certification and access to working capital. Universities and research institutes should work with companies on practical industrial problems rather than operating separately from production networks.

Large multinational companies also need clearer obligations. Investment incentives could be linked to supplier-development programmes, training commitments, joint research and technology transfer. The purpose would not be to force companies to disclose proprietary technology. It would be to ensure that public incentives help create capabilities that remain in Thailand after the original investment cycle changes.

A supplier should become a partner capable of improving products and processes, not a replaceable vendor competing only on price.

Thailand needs an infrastructure strategy built around risk

The recent floods show why resilience cannot be limited to company balance sheets. Roads, ports, airports, power systems, drainage networks and digital infrastructure connect the entire industrial economy.

Factories can invest in flood barriers, backup generators and alternative logistics routes. Smaller suppliers may not have the same resources. Regional infrastructure remains a public responsibility, and fragmented planning can create vulnerabilities that individual businesses cannot solve.

Thailand’s industrial strategy should therefore integrate climate adaptation. Investment zones need reliable drainage, flood-risk assessments and transport alternatives. Industrial estates should be evaluated on their ability to maintain operations during extreme weather. Data centres need stable electricity and water supplies. Food-processing hubs require cold chains and access to multiple transport routes.

As a report explains, the World Bank has identified urban flooding as one of Thailand’s significant climate risks, with Bangkok especially exposed because of its concentration of export-oriented industries.

Resilience investment may appear less attractive than a new factory or technology park. Its value becomes clear when it prevents production from stopping.

Growth must be selective

Thailand’s economic ambition has often been expressed through broad targets: becoming an EV hub, a semiconductor centre, a digital economy and a regional logistics gateway.

These ambitions can support one another, but they also compete for skilled workers, electricity, public funding and administrative attention. A country with limited fiscal and institutional capacity cannot pursue every strategic sector at the same intensity.

The Bangkok Post argument offers a useful principle: Thailand should identify the tasks it can perform better than others and defend that position. That principle should guide decisions on subsidies, training, infrastructure and foreign investment.

A country does not need to dominate an entire industry to gain strategic value. It may become indispensable in a specific stage of production, in a specialised component, in logistics between two markets or in the testing and certification of advanced products.

That approach is less dramatic than announcing a national ambition to lead every emerging sector. It is also more likely to work.

AI and energy will test the strategy

Artificial intelligence and the energy transition are creating new investment opportunities for Thailand. Companies are expanding data infrastructure, automation, electronics and clean-energy projects, while foreign investors are looking for alternative production locations across ASEAN.

These trends could raise productivity and diversify Thailand’s economy. They could also increase its dependence on imported technology, foreign expertise and energy-intensive infrastructure.

The country needs to ask how AI investment will benefit domestic firms. Will Thai manufacturers adopt tools that improve forecasting, quality control and energy use? Will local software companies become suppliers? Will universities produce the specialists required by the new economy?

The same questions apply to energy. Renewable projects can reduce exposure to imported fuel and support industrial investment, but Thailand needs reliable grids, storage capacity, efficient transmission and clear pricing rules. Clean energy will strengthen resilience only if companies can access it at predictable cost.

Investment becomes more valuable when it improves the systems used by the wider economy.

A resilient Thailand will know what to defend

Thailand cannot make every sector globally competitive. It can build a more resilient economy by identifying its strongest positions, developing domestic suppliers and connecting foreign capital with local capabilities.

That requires a shift in policy. The goal should not be to accumulate projects. It should be to deepen the networks around them.

The automotive industry, electronics manufacturing, food processing, logistics and tourism already give Thailand a substantial platform. New opportunities in AI, semiconductors and clean energy can reinforce that platform when they are connected to existing strengths and supported by the right skills.

The country’s next horizon will be judged by its ability to remain useful when global conditions change. A resilient economy can absorb a flood, a trade shock, an energy disruption or a technology transition without losing its productive core.

Thailand has spent decades building that core. The next task is to make it harder to replace, easier to recover and more deeply rooted in domestic capability.

CUPERTINO, Calif. — Apple on Tuesday introduced HomeView, a 7-inch smart display designed to serve as a shared household screen for music, FaceTime calls, recipes and smart-home controls while recognizing up to six users by face and switching to each person’s personal content.

Pre-orders begin immediately in the United States, Australia, Canada, India, New Zealand and the United Kingdom. The tabletop model is priced at $299 and comes in silver, starlight, rose pink and space gray. A wall-mounted version, also $299 and available in space gray and silver, will ship with the same start date. Both models become available Nov. 13. The product will not be sold in the European Union because Siri AI is not yet available in iOS there.

“Apple HomeView is designed to be shared by everyone in the home yet feel completely personal to each user,” said Greg Joswiak, Apple’s senior vice president of Worldwide Marketing. “It recognizes your face to shift from a household screen to your own experience, fills the room with incredible sound, keeps you connected to the people who matter most with FaceTime, and makes it easy to control your smart home. And it’s powered by Apple Intelligence with Siri AI at its core, drawing on personal context from your iPhone to help you find what you need and get more done, all while keeping everyone’s information private and secure.”

The tabletop unit uses an aluminum enclosure connected by a stainless-steel hinge to a domed speaker base. Brightness ranges from 500 nits in bright rooms to 0.3 nits at night. The interface changes with distance, showing simpler information from across the room and more detail as a user approaches. The wall-mounted model attaches via three Schneider Home mounts; two of those mounts are available now starting at $59.95 and $79.95, with a Power-over-Ethernet version planned for early 2027 at $129.95.

HomeView runs Siri AI, which Apple describes as a new, more conversational version of Siri with broader world knowledge and on-screen awareness. When paired with an Apple Intelligence-enabled iPhone or iPad, it can draw on the user’s calendar, messages and other personal data. Conversations can continue on other Apple devices via iCloud. Users without a paired Apple Intelligence device still get the general knowledge and conversational features. Siri AI is available in English in the listed countries; Canadian French support is planned in a later update. Expressive custom voices require specific newer iPhone or iPad models.

Privacy features include Secure Enclaves on the A18 chip that process camera and microphone data separately from the rest of the system. Personal content such as Messages and Calendar appears only when the enrolled user’s face is recognized and a recently unlocked paired iPhone or iPad is present. Siri requests can be handled on-device or through Private Cloud Compute, which Apple says does not store data or make it accessible to the company.

The device supports FaceTime with Center Stage, voice or on-screen messaging, whole-home Intercom, recipe conversion with hands-free timers, Find My, and Live Activities. For smart-home control it can show up to nine camera feeds, adjust lights and thermostats, and lock doors. With an iCloud+ subscription it can recognize people, pets, packages and vehicles on compatible cameras and alert users to smoke or carbon monoxide alarms. It works with the new Apple Home Collection of cameras, thermostats and a lock developed with LG Electronics and Schneider Electric, as well as other HomeKit and Matter accessories. The Home Collection begins shipping in December, with some items in early 2027.

Audio is handled by two full-range drivers in the display, a down-firing woofer and two passive radiators in the base, with computational audio that adjusts loudness and bass. The wall-mounted version uses two drivers tuned for on-wall placement. Users can hand off music from an iPhone and play multiroom audio with other HomePods and AirPlay speakers.

Apple said the enclosure base uses 100 percent recycled aluminum, all Apple-designed circuit boards use recycled gold plating and tin solder, and all magnets use recycled rare-earth elements. Packaging is 100 percent fiber-based. The company continues to state a goal of carbon neutrality across its footprint by 2030.

Setup and multi-user support require a compatible iPhone or iPad running current software. Some features, including Apple News and certain third-party apps, are limited by region or require a subscription. Video summaries for HomeKit Secure Video need an eligible iCloud+ plan and an Apple Intelligence-enabled setup device. The product is not available for sale in the European Union.

Apple also announced a next-generation HomePod mini and a new Apple TV 4K on the same day, both described as supercharged by Siri AI. No sales forecasts or production volumes were released for HomeView. The $299 price applies to both the tabletop and wall-mounted models in the United States.

US President Donald Trump said Russia had agreed to supply diesel to global markets. His administration also temporarily eased US sanctions on Russian fuel, which were imposed to deprive Moscow of revenue for its war on Ukraine.

Read more: D-Street poised for positive start as GIFT Nifty signals gains

Crude oil price on October 13

Brent crude futures fell 61 cents, or 1.05%, to $105 a barrel, while US West Texas Intermediate crude futures declined 92 cents, or 1.05%, to $93 a barrel. Brent settled at $106.65 a barrel on Monday, its highest level since September 15. Oil prices have surged more than 70% this year as the US war on Iran rattled global energy markets.
The additional supplies could ease tightness in global fuel markets and reduce some of the supply concerns that have supported crude prices in recent weeks. However, lawmakers from both parties in the US said Trump’s agreement with Russian President Vladimir Putin appeared to violate US law barring imports of Russian energy until Moscow ends its aggression against Ukraine.

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Risks to Gulf energy infrastructure and shipping routes remained in focus after Iran-aligned Houthis struck Riyadh’s international airport over the weekend, while tanker attacks were reported near the Strait of Hormuz. The incidents threatened to disrupt the recovery in Middle East supplies recorded in September and heightened concerns about further interruptions along one of the world’s most important energy transit routes.
Ministers from OPEC and non-OPEC countries participating in the Declaration of Cooperation said shipping and insurance costs had surged to unprecedented levels, exceeding one-third of the commodity’s value and hindering the efficient movement of crude oil and petroleum products.Read more: Stocks in news: HCL Tech, RBL Bank, Nazara Tech, Hero Motors, Power Grid and IRCON

What are experts saying?

Uncertainty over how the conflict will end remains a key concern for markets. JPMorgan analysts said they did not know how to model the eventual outcome, noting that the bank had initially assumed the US administration would avoid crossing certain economic thresholds when the conflict began. Seven months into the war, many of those thresholds had been crossed, while a clear exit strategy remained absent.

The growing threat of further supply disruptions has also raised the prospect of higher oil prices. Daan Struyven, co-head of global commodities research at Goldman Sachs, said recent attacks demonstrated how disruptions to shipping could spread and intensify.

Goldman Sachs has outlined a scenario in which oil prices could climb to $120 a barrel if attacks on vessels in the Middle East escalate. If exports return to normal, the bank expects prices to move back towards $80 a barrel.

Struyven said risks to shipping had become a major driver of oil prices. Goldman Sachs sees meaningful upside potential for crude and expects natural gas and refined product prices to rise as well. Struyven added that supply shocks affecting gas and fuels were larger than those in the crude oil market.

Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.

The resolution adopted by the European Parliament last week, calling for a coordinated response to the influence of Muslim Brotherhood networks, was not the first warning of its kind in Europe.

Several of the concerns raised by MEPs, chiefly that extremist groups use social media and educational settings to recruit young people, had already been flagged in a French security report. That report warned of attempts by political Islam, and specifically the Muslim Brotherhood, to gain a foothold in schools and universities.

The French approach

France’s effort to counter the Brotherhood’s presence in state institutions is the most recent in Europe, following the publication of a government report in May 2025. Nearly 18 months on, however, French academics and observers are still asking what has actually been done to curb the activities of political Islam.

In May, Aymeric Durox, a senator for the far-right National Rally (RN), raised what he called the “infiltration” of universities by the Brotherhood, particularly of the regional student services centres (Crous), which manage student housing and welfare across France’s university towns, according to the French Senate’s website.

Mr Durox sought to draw the attention of the minister for higher education, research and space to the issue. He cited the interior ministry report, which described the Muslim Students of France (EMF) as the student wing of the Union of Islamic Organisations of France (UOIF), now renamed Muslims of France and regarded by the report as the French branch of the Muslim Brotherhood.

The senator warned that EMF had supplied the movement with “many of its cadres at European level”. He pointed to its founder, Fouad Alaoui, whom the interior ministry report described as a key figure in the movement’s financial affairs in Europe. He also named more recent figures, including Hania Chalal, president of the European forum of Muslim youth and student organisations, and Hiba Latreche, president of the Forum of European Muslim Youth and Student Organisations (Femyso).

On Thursday, the European Parliament voted in favour of a resolution calling for a unified European strategy on Muslim Brotherhood networks and their influence. The resolution asks EU institutions to assess whether entities and individuals linked to the Brotherhood, starting with Femyso, should be added to the EU’s list of terrorist organisations.

In January, France’s National Assembly adopted a resolution calling for the Brotherhood and its leaders to be placed on that list, putting the question directly before European institutions.

Against that backdrop, Mr Durox asked how the government intended to tackle the presence of Brotherhood-linked associations in universities. He also asked what guarantees it could give taxpayers that public money would not fund such groups, and that they would not steer university boards towards adopting Islamist demands.

Setback for Lille school

In September, France’s consultative committee on private education issued an unfavourable opinion on appeals lodged by the Averroès Muslim school in Lille. The final decision now rests with the prefect of the Nord department, and for now the school remains outside the state contract system.

According to the Journal du Dimanche, the school, which has been in dispute with the state for three years, suffered a fresh blow when the committee largely rejected its requests.

The dispute dates back to December 2023, when the Nord prefecture ended the partnership contract that had linked Averroès to the state since 2008. That decision followed a series of inspections that raised questions about the curriculum, governance and funding of the school.

The paper reports that the state’s case against the school still contains serious allegations. Officials place Averroès within the Muslim Brotherhood’s sphere and argue that it operates a system at odds with the values of the French Republic. A 2023 inspection raised questions about an Islamic ethics course taught to pupils in their first year of upper secondary school. The authorities say some of the books used promoted ideas contrary to several republican principles, notably on gender equality, the place of religious law and relations with non-Muslims.

Inspectors also cited the attitudes of some teachers and links between people close to the school and Brotherhood-affiliated bodies. Their findings included pupils’ work containing conspiracy theories, a distorted version of the national motto, a lack of resources on secularism and other religions, and numerous works by Hassan Iquioussen, an imam described as close to the Brotherhood.

The school’s funding is also under scrutiny, the Journal du Dimanche says. French authorities have paid particular attention to its links with Qatar Charity, after a video emerged showing a teacher thanking the organisation for financial help in buying the school’s buildings. The legal battle continues.

Foreign backing

The Averroès case echoes warnings in a 2025 interior ministry document about the risk of “municipal Islamism”, which explicitly raised the question of the Brotherhood’s influence in France.

Le Monde reports that experts on political Islam consider this risk to be real, describing an ideologically diverse but highly active movement whose impact on public life and local politics is growing. The paper also notes the Brotherhood’s decline in several Middle Eastern countries, with the exception of Turkey under President Recep Tayyip Erdogan. The French report describes Turkey as having become the Brotherhood’s regional hub in the Middle East, where it can draw on state resources, particularly in support of its strategy of expansion into Europe.

The 2025 report by France’s security and intelligence services also spoke openly of “Turkish Muslim Brothers” who are very active in Europe, including France, though they have struggled to extend their influence beyond Turkish-speaking communities. It noted that the Brotherhood’s presence in Europe, particularly in Germany, Austria and Switzerland, dates back to the 1950s and 1960s.

The report concludes that the movement has found more receptive ground in countries that recognise or encourage identities based on religious or cultural community, such as the UK and Belgium, and in those that recognise religions and sometimes fund them through optional taxes, such as Germany.