US proposes AI alert system with China
The US has proposed creating an alert system with China to notify each other when artificial intelligence incidents become serious enough to threaten national security. – Treasury Secretary Scott Bessent…
US, China fail to agree on extending trade truce
The United States and China failed to reach an agreement on extending their trade truce, with rare earth supplies among the points of contention, the Financial Times (FT) reported, citing…
Xi rolls into Trump summit with China’s trade engine roaring
In the four months since the leaders of the two global superpowers last met, Xi Jinping has overseen a surge in China’s trade with the world while Donald Trump has…
US imposes sanctions on Russia’s VTB Bank over Iran links
The US Treasury Department announced sanctions on Russia’s VTB Bank, a large state-owned financial institution operating in Iran, accusing it of “involvement of Iranian sanctions evasion”, according to a statement,…
US treasury chief Bessent backs using US financial power as foreign policy tool
U.S. Treasury Secretary Scott Bessent advocated on Tuesday for Washington’s use of financial power as a foreign policy tool with the goal of advancing the interests of American allies, including…
Doubt cast on Bessent’s claim that EU has joined US economic campaign against Iran
Reports suggest that the European Union has only endorsed Washington’s economic campaign against Iran and is yet to officially join, despite the US Treasury Secretary Scott Bessent saying it already…
EU joins US’ economic pressure campaign against Iran — Bessent
The European Union has joined the US in its economic pressure campaign against Iran, Treasury Secretary Scott Bessent has said. – “The European Union has officially joined Operation Economic Outcast,…
US to seek back payment from Europe for Ukraine aid, Trump says
U.S. President Donald Trump on Thursday said he would ask European nations to pay back the United States for military aid and munitions previously sent to Ukraine amid the ongoing…
EU declines to follow US lead by meeting with Russia at G20 finance event — EC
The European Commission will not hold any talks with Russia at the G20 finance ministers’ meeting attended by Russian Finance Minister Anton Siluanov, European Commission Chief Spokeswoman Paula Pinho said.…
US-hosted G20 finance meeting to target growth, imbalances, Iran sanctions, Treasury official says
The Trump administration aims to have finance leaders from the Group of 20 major economies agree next week on steps to boost economic growth, reduce global imbalances and tackle sovereign…