US Treasury Secretary Scott Bessent Moves to Military Base Amid Iran Threat
US Treasury Secretary Scott Bessent has moved onto a military base following an increased threat from Iran, a senior US administration source confirms.
World politics
Bank of America Fined More Than $1.2 Billion for Money Laundering and Sanctions Violations
The US Treasury Department is fining Bank of America more than $1.2 billion for alleged violations of money laundering laws and sanctions, CNBC reports.
Business
Bessent downplays long-term US interest rate surge
Rising US long-term interest rates have sparked concern in the financial industry worldwide. However, US Treasury Secretary Scott Bessent is playing down the consequences.
Business
US and China extend trade war truce until January
The United States and China have agreed to extend the pause in the trade war between the two sides until January, according to US Treasury Secretary Scott Bessent.
BusinessTop news
Trump to Meet Xi as AI Threats and Trade Tensions Top Agenda
The AI arms race is in full swing, while concerns grow that the rapid pace of technological development poses a global threat. Now the leaders of the AI rivals, the US and China, are meeting.
World politics
Bessent says meeting with China was very successful, discussed trade and AI threats
US Treasury Secretary Scott Bessent says his meeting with Chinese Vice Premier He Lifeng was "very successful" after the two discussed trade and AI.
Technology
US rate freeze could push up Swedish mortgage costs
The U.S. 10-year yield is at its highest level since 2007. The interest rate shock in the U.S. could hit Swedish households. It will become more expensive to lock in their mortgages, says Elisabet Kopelman, U.S. economist at SEB.
Business
Bessent Says Russian Presence Did Not Disrupt G20 Finance Talks
US Treasury Secretary Scott Bessent says the G20 meeting was not affected by Russian Finance Minister Anton Siluanov's presence for the first time since Russia's full-scale attack on Ukraine in 2022.
Business- BusinessEuropean ministers block Russian finance minister from G20 family photo in US
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