The Latest Breaking News from US Treasury

Tesla Model 3 May Get Full US EV Tax Credit Via Loophole

The US Treasury has issued strict guidelines for the EV tax credit related to manufacturing and materials sourcing. However, there are some ways around them.

InsideEVs · May 1, 2023

Russia's Lavrov blames West for deadlock over future of Black Sea grain deal

Moscow has seen "practically no results" from a pact with the United Nations that aimed to help Russia's grain and fertilizer exports and blamed Western countries for creating a deadlock, Foreign Minister Sergei Lavrov said on Tuesday.

Reuters · Apr 25, 2023

Which countries own the most US debt?

As of April 2024, foreign countries own approximately $7.9 trillion in Treasury securities — or 22.9% of total US debt.

USAFacts · Apr 4, 2023

US Targets ‘Shadow Banking’ Network Helping Iran Evade Sanctions

The United States on Thursday imposed sanctions on 39 entities, including many based in Hong Kong, that Washington said facilitate Iran's access to the global financial system, describing them as a "shadow banking" network that moves billions of dollars. The US Treasury Department in a statement said those targeted had…

Asharq Al-Awsat · Mar 10, 2023

US Treasury Imposes New Sanctions on Iranian Companies

The United States imposed new sanctions Thursday on Iran-linked shipping and petrochemical companies, including two shipping firms based in China. The sanctions also target 20 shipping vessels linked to firms in China, Vietnam, and the United Arab Emirates, the Treasury Department's website showed. The sanctions were issued under a 2018…

Asharq Al-Awsat · Mar 3, 2023

How Daniel Kinahan has delayed Jake Paul v Tommy Fury

Jake Paul and Tommy Fury will finally fight each other in Saudi Arabia this weekend

Irish Mirror · Feb 23, 2023

Iraq: US Did Not Impose Conditions over Dollar Crisis

Iraq denied claims that the US had imposed conditions on its delegation, which recently visited Washington, regarding the dollar exchange issue. An Iraqi delegation, headed by Foreign Minister Fuad Hussein, had visited Washington and met with Secretary of the State Antony Blinken earlier this month. During a press conference in…

Asharq Al-Awsat · Feb 21, 2023

Iraq's Central Bank, US Federal Bank Address Electronic Platform Challenges

Officials from the Central Bank of Iraq, the US Federal Reserve Bank and the US Treasury have met in wake of the drop in the Iraqi dinar's value against the US dollar, creating severe fluctuations in the prices of most commodities and foodstuffs. Economic sources said Washington gave Iraq an…

Asharq Al-Awsat · Feb 13, 2023

Dubai boom sees Russian cash, high rents and reborn projects

For the first time since a 2009 financial crisis nearly brought Dubai to its knees, several major abandoned real estate projects now show signs of life

The Independent UK · Feb 13, 2023

U.S., UK sanction eight Bulgarians over alleged corruption

The United States and Britain on Friday sanctioned eight Bulgarians for alleged corruption, including the country’s wealthiest man and a former minister who allegedly profited illegally from deals involving Bulgaria's only nuclear power plant and Russian energy firms.

Reuters · Feb 10, 2023