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The Latest Breaking News from Scott Bessent

Trump wants China's help on Iran. Beijing may have other ideas

President Trump will ask President Xi for help with the Iran conflict. China is unlikely to fully comply, preferring to maintain its economic and military ties with Iran. The US has limited options to pressure China, as sanctions could lead to costly retaliation. Both nations face complex geopolitical and economic…

The Economic Times

Trump-Xi summit: What to expect as US-China ties, Trade, Taiwan and Iran on the agenda

Trump-Xi summit: As Presidents Xi Jinping and Donald Trump are gearing up for an important summit, the current stable diplomatic landscape prospects looming challenges that can threaten this equilibrium. Key topics include the tricky realms of trade, technology, and Taiwan, US expectations of China, along with the shadow of the…

The Economic Times

US, China begin fresh trade talks in South Korea ahead of Trump’s Beijing visit

Senior officials from the US and China are holding trade talks in Seoul. This meeting precedes President Donald Trump's visit to Beijing. Discussions will cover trade items like soybeans and minerals. The ongoing conflict involving Iran is also on the agenda. Several top business leaders will accompany President Trump.

The Economic Times

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Japan's 10-year bond yield hits 29-year high as market awaits Bessent's remarks

Japan's 10-year government bond yield reached a 29-year peak on Tuesday. This occurred despite a stable auction. Investors are keenly awaiting remarks from U.S. Treasury Secretary Scott Bessent, currently visiting Tokyo. The market is focused on potential U.S. pressure regarding Japan's monetary policy and currency. Bond yields across various maturities…

The Economic Times

Iran-US war latest: Trump accuses media of treason as US intel reportedly claims Tehran retains substantial missile capabilities

Trump says reports that the ‘Iranian enemy is doing well’ are ‘false’

The Independent UK

Dollar steady as Middle East peace hopes recede

Middle East conflict fears are keeping the U.S. dollar steady as oil prices climb. Investors worry about renewed hostilities and their impact on inflation, potentially delaying interest rate cuts. While diplomatic efforts show little progress, markets remain cautious, awaiting key U.S. inflation data and President Trump's China visit.

The Economic Times

US issues new sanctions over Iran's oil shipments to China

The U.S. has imposed sanctions on three individuals and nine companies, including entities in Hong Kong and the UAE, for facilitating Iran's oil shipments to China. This move aims to disrupt funding for Iran's Islamic Revolutionary Guard Corps and its weapons programs. The sanctions follow previous actions and precede a…

The Economic Times

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Middle East negotiations continue as US awaits Iranian response to latest peace proposal – as it happened

Centcom says it has struck two tankers heading for Iran after Tehran warned Washington was violating fragile ceasefire; two days of ‘intensive talks’ between Israel and Lebanon slated as strikes continue in the region

The Guardian - UK

Treasury expected to borrow $2 trillion this year to continue functioning—more than $166 billion every month

"Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass. We need deficit reduction urgently."

Fortune

A year on from Liberation Day, Trump's tariffs have done 'significant damage' to the U.S. economy, says Moody's chief economist

"Since that day, job growth has come to a standstill," Zandi says.

Fortune

Top Trump advisers urge China to leverage Iran ties to reopen Strait of Hormuz to global traffic

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent have both expressed a need for China to leverage its tight relations with Tehran to reopen the strategic Strait of Hormuz for “their own interests”.

Euronews

Argument over how to carry out Trump’s deportation ‘master plan’ got so heated that officials had to ‘clear the room,’ report says

The fiery dispute centered on a proposal that would have allowed agents to enter homes without judicial warrants

The Independent UK

Jamie Dimon blesses the trillion-dollar AI capex boom

"The technology is so powerful, it's worth the trillion-dollar investment."

Axios

Rachel Reeves ‘clashed’ with US treasury secretary over Iran war

IN FULL

The Independent UK

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The Independent UK

Rachel Reeves and Scott Bessent ‘argued’ in Washington after chancellor’s Iran war criticism

Ms Reeves reportedly hit back that she did not work for the US treasury secretary

Evening Standard

No 10 does not deny Chancellor rowed with US counterpart in Washington meetings

Rachel Reeves had a fierce confrontation with Scott Bessent when she visited the US capital for the IMF’s spring meetings, according to reports.

The Guardian - UK

Rachel Reeves and Scott Bessent argued in person about Iran war, sources say

UK chancellor said to have told US treasury secretary she did not like his tone during meeting in Washington in April

The Guardian - UK

UK 30-year borrowing costs hit highest since 1998 amid oil price surge and political uncertainty – as it happened

Long-term UK borrowing costs hit 28-year high on expectations of higher inflation, and speculation that local elections could prompt leadership challenge

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Fortune

Trump’s former AI czar says the quiet part out loud on the economy: ‘Stopping progress in AI would be equivalent to halting the US economy’

With across-the-board job growth yet to materialize, AI investment is propping up economic activity.

Kiplinger

3 Ways Kevin Warsh Will Change the Fed

The Senate has confirmed President Trump's nominee, and though he can't cut rates all by himself, there are three things Kevin Warsh can do to change the Fed.

International Business Times UK

Losing A Spouse Comes With A Tax Shock — The Hidden 'Widow's Penalty' Few See Coming

Surviving spouses in the US face financial challenges due to the widow's tax penalty, impacting tax brackets, Medicare premiums, and Social Security.

Fortune

Warren Buffett says markets are like a church with a casino attached, but 'we've never had people in a more gambling mood than now'

"But that doesn't mean that investing is terrible. It does mean that prices for an awful lot of things will look very silly."

The Times of India

'Strait of Trump': US President shares new map naming Hormuz after himself, says blockade could last months

US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker…

The Independent UK

Iran-US war latest: Trump again declares ‘we’ve already won’ as he pressures Tehran to make a deal

President Donald Trump said even though the U.S. has ‘already won,’ he wants to win by a ‘bigger margin’

Fortune

OPEC shocker as UAE leaves oil cartel days after negotiating swap lines with Scott Bessent’s Treasury

The petrodollar saga is taking another twist. The long, slow unraveling of the architecture that has governed global finance since 1974 continues.

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