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Scott Bessent

Scott Bessent

US and China extend trade war truce until January
Business News

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.
Trump to Meet Xi as AI Threats and Trade Tensions Top Agenda
World NewsTop 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
Bessent says meeting with China was very successful, discussed trade and AI threats
Business News

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.
US rate freeze could push up Swedish mortgage costs
Business News

US rate freeze could push up Swedish mortgage costs

The U. S
Bessent Says Russian Presence Did Not Disrupt G20 Finance Talks
Business News

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.
European ministers block Russian finance minister from G20 family photo in US
Business News

European ministers block Russian finance minister from G20 family photo in US

Russian Finance Minister Anton Siluanov was physically present at his first G20 meeting since Russia's full-scale attack on Ukraine in 2022 on Monday. But when the traditional "family" photo at the meeting - in Asheville, North Carolina, USA - was to be taken, leading European ministers stood in the way
US strikes Iranian missile sites near Strait of Hormuz, Iran vows retaliation
World News

US strikes Iranian missile sites near Strait of Hormuz, Iran vows retaliation

US forces attacked two Iranian missile launch sites on Larak Island in the Strait of Hormuz on Sunday, the news site Axios and the AP news agency reported. Iran’s Revolutionary Guards vowed revenge
China says it will protect its interests after U.S. sanctions announcement on Iran
World News

China says it will protect its interests after U.S. sanctions announcement on Iran

Iran's trading partner China will "protect its own" economic interests. The announcement comes after the US's "D-Day announcement" on Iran's economy
US moves to cut off Iran’s economic lifelines with new sanctions
World News

US moves to cut off Iran’s economic lifelines with new sanctions

The United States is introducing new economic sanctions against Iran, which President Trump says is “completely collapsing. ” The stated goal is to completely isolate Iran’s economy from the rest of the world
USA Begins Lifting Sanctions on Syrian Companies
World News

USA Begins Lifting Sanctions on Syrian Companies

The USA has taken a first formal step towards lifting sanctions directed at Syria.
Dollar Drops After Trump's Tariff Announcement
Business News

Dollar Drops After Trump's Tariff Announcement

Trump Declines EU Trade Agreement Amid Tariff Dispute
Business NewsTop News

Trump Declines EU Trade Agreement Amid Tariff Dispute

USA's President Donald Trump says that he "does not seek a settlement" with the EU on tariffs. The EU's Trade Commissioner Maros Sefcovic writes on the other hand that the EU continues to seek an agreement with the US
US Interest Rates Rise Amid Growing Distrust in Government Finances
Business News

US Interest Rates Rise Amid Growing Distrust in Government Finances

The dumping of US assets continues, which is pushing up American long-term interest rates and lowering the dollar. The market's distrust of the US government's finances has gained new momentum since Congress began handling a budget proposal where the Trump administration is pushing for large tax cuts
US Finance Minister Blames Biden for Credit Rating Downgrade
Business News

US Finance Minister Blames Biden for Credit Rating Downgrade

The downgrading of the USA's credit rating is a "late sign" of former President Joe Biden's transgressions, says Finance Minister Scott Bessent to the American TV channel NBC News.
US-EU Tariff Agreement Faces Delays, Says Finance Minister
Business News

US-EU Tariff Agreement Faces Delays, Says Finance Minister

A quick agreement on tariffs and trade between the Trump administration and the EU may be difficult to achieve, according to US Finance Minister Scott Bessent. I believe that the US and Europe will become a bit slower, he says about how the negotiations have gone so far
Wall Street Surges as US-China Tariff Agreement Surprises Investors
Business News

Wall Street Surges as US-China Tariff Agreement Surprises Investors

The US stock market began the trading week with a sharp rise following the agreement on a pause in the trade war between the US and China. All major indices on Wall Street went like a train
USA and China Agree to 90-Day Tariff Pause, Talks to Resume Soon
Business NewsTop News

USA and China Agree to 90-Day Tariff Pause, Talks to Resume Soon

The USA and China are pausing tariffs against each other for 90 days, according to a joint statement. And the USA's finance minister says that the countries will soon meet again for further talks
Asian Markets Rise After US-China Trade Talks Progress
Business News

Asian Markets Rise After US-China Trade Talks Progress

The development pointed mostly upwards on Asia's leading stock exchanges in the initial Monday trading, since China and the USA announced that they had made "significant progress" in the weekend's meetings regarding the trade war.
China and USA Achieve Significant Progress in Trade Talks
Business News

China and USA Achieve Significant Progress in Trade Talks

The customs talks in Switzerland between China and the USA have been concluded. According to the American representatives, the counterparts have made "significant progress" after two days of negotiations – which according to China has resulted in a mechanism for consultations between the countries
Trump Describes US-China Tariff Talks as a "Total Restart"
Business News

Trump Describes US-China Tariff Talks as a "Total Restart"

The USA's and China's meeting on import tariffs, which was held in Switzerland on Saturday, is described as "very good" by the American President Donald Trump.
US-China Tariff Talks Begin in Switzerland with Low Expectations
Business News

US-China Tariff Talks Begin in Switzerland with Low Expectations

The first day's negotiations in Switzerland between the US and China on import tariffs are over. The US Finance Minister Scott Bessent has played down expectations of a quick solution
US Stock Market Sees Volatility Ahead of US-China Tariff Talks
Business News

US Stock Market Sees Volatility Ahead of US-China Tariff Talks

The uncertainty regarding this weekend's tariff talks between the USA and China was noticeable on Wall Street – and after a volatile day, the prices pointed downwards at closing.
Trump Signals Possible Reduction in China Tariffs
Business NewsTop News

Trump Signals Possible Reduction in China Tariffs

Over the weekend, the USA and China will sit down at the negotiating table in Switzerland. President Donald Trump is now signaling continued high tariffs, but still lower than today
Ukraine Approves Mineral Agreement with the USA
World News

Ukraine Approves Mineral Agreement with the USA

Ukraine's parliament has unanimously approved the mineral agreement, says the country's Deputy Prime Minister Julia Svyrydenko.
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