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The Latest Breaking News from Scott Bessent

US Mulls Economic Lifeline For Ally Argentina

The US Treasury said Monday it stood ready to "do what is needed" to support Argentina's economy, as President Javier Milei battles to calm jittery financial markets.

International Business Times

TikTok Algorithm To Be 'Controlled By America' As US Nears Majority Stake In Landmark Split Deal

On Saturday, the White House said a long-awaited agreement on TikTok would hand Americans control of the app's powerful algorithm and place the platform under a U.S.-led board.

Benzinga

Donald Trump and Xi Jinping set to discuss TikTok deal and US-China trade relations

“I’m speaking with President Xi, as you know, on Friday, having to do with TikTok and also trade,” Trump said Thursday. “And we’re very close to deals on all of it.”

Euronews

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Trump confused Armenia with Albania and claimed not to know Mandelson

The US president appeared alongside Prime Minister Sir Keir Starmer at Chequers for a press conference to round off his state visit to Britain.

Evening Standard

IMF Proposes US Treasury Official As Second-in-command

The IMF has proposed appointing the US Treasury Department's chief of staff as its new number-two official, the Washington-based lender said Thursday.

International Business Times

Who sat next to whom at Trump’s Windsor banquet – and what does it tell us?

US president was next to Princess of Wales while Rupert Murdoch had the ear of Starmer’s chief of staff

The Guardian - UK

Trump extends TikTok shutdown deadline for fourth time after reaching framework deal with China

US President Donald Trump postponed federal law to ban social media platform TikTok while American and Chinese officials iron out a framework deal.

Euronews

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Why Bessent's Tariff Talk Puts Dollar-Sensitive Stocks On Edge

Stanley Druckenmiller's protégé, Treasury Secretary Scott Bessent, is stirring fresh debate on Wall Street with his latest read on tariffs and trade in a CNBC Squawk Box interview. At first glance, a narrowing U.S. trade deficit with China looks like a policy win, but Bessent warns it could have unintended…

Benzinga

Bessent Says Trump Was Ready To Let TikTok 'Go Dark' — Here's What That Means For Tech Stocks

President Donald Trump was ready to let TikTok "go dark" — and that hardball stance forced China back to the negotiating table, according to Treasury Secretary Scott Bessent. But while Washington debates national security, Wall Street is asking a different question: what does TikTok's uncertain fate mean for U.S. tech…

Benzinga

Reeves and US counterpart Bessent meet finance chiefs

Chancellor Rachel Reeves said they were delivering ‘investment and opportunity’ on both sides of the Atlantic.

Evening Standard

Asian shares trade mixed after Wall Street sets new records

Asian shares are trading mixed after Wall Street set new records as investor anticipation grew that the U.S. Federal Reserve will announce the first cut of the year on its main interest rate

The Independent UK

Ukraine-Russia war latest: Trump says it ‘takes two to tango’ over lack of progress on Putin-Zelensky talks

The US president said Zelensky ‘has to make a deal’ and refused to criticise Putin for stalling peace talks

The Independent UK

Russia-Ukraine war: List of key events, day 1,300

Here are the key events on day 1,300 of Russia’s war on Ukraine.

Al Jazeera

China accuses Nvidia of violating anti-monopoly laws

The claim came as the US and China held trade talks in Madrid that concluded on Monday.

Al Jazeera

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Axios

TikTok will retain "Chinese characteristics" after sale, Bessent says

The latest extension on the app's ban was due to expire this Wednesday

Al Jazeera

TikTok ban in flux as White House announces China-US framework deal

The app would have gone dark if China’s ByteDance had not divested by Wednesday.

International Business Times UK

TikTok's Fate Sealed? Washington and Beijing Agree 'Framework' for US Takeover of Viral App

Washington and Beijing have reportedly agreed a framework for the US takeover of TikTok, with final confirmation expected this week as both governments seek to resolve national security concerns.

International Business Times

U.S. And China Strike Tentative Deal On TikTok As Ban Deadline Looms

The announcement came on the second day of high-level negotiations led by Bessent and Chinese Vice Premier He Lifeng, aimed at easing wider trade tensions. The talks also cover disputes over tariffs, technology transfers and rare earth supply chains.

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The Independent UK

FTSE 100 red ahead of expected US rate cut

The index closed down 6.26 points, 0.1%, at 9,277.03.

We Got This Covered

Yes, the Trump administration is now friends with TikTok and is finalizing a buyout

TikTok may finally be safe, but at what cost?

Euronews

US says TikTok deal reached with China. Here’s all we know and who the buyer could be

What do we know about a possible deal reached between the US and China regarding TikTok?

Al Jazeera

Can the EU and NATO impose tariffs on India and China, as Trump wants?

In an effort to end Russia’s war in Ukraine, the US president proposes tariffs targeting Putin’s major trading partners.

Benzinga

Trump Hints TikTok Deal Is Locked In—Youth 'Will Be Very Happy'

President Donald Trump hinted on Truth Social Monday that a long-awaited deal involving TikTok may finally be complete.

The Independent UK

The US says a deal has been reached on TikTok, but details are sparse

A framework deal has been reached for the ownership of popular social video platform TikTok, U.S. Treasury Secretary Scott Bessent said after weekend trade talks between the U.S. and China in Spain

The Guardian - US

US and China reach deal to transfer TikTok ownership, trade officials say

Framework deal is breakthrough in long-running dispute over app’s ownership amid security concerns in Washington

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