Iran on Monday quoted legendary English playwright William Shakespeare to slam US treasury secretary Scott Bessent’s claim that Washington had seized roughly $1 billion in Tehran’s cryptocurrency holdings amid ongoing tensions in West Asia. The new US action comes amid ongoing indirect talks between Tehran and Washington, mediated by Pakistan. (AFP File) Iran’s foreign ministry…
Trump is back at his game as an Iran peace deal eludes himDonald Trump was enraged. Here he was working tirelessly to make America great again and prevent Iran from making a nuclear bomb. And there all these judges and other busybodies were putting spokes in the wheel.Yet amid tortuous peace talks with Iran, POTUS…
From Taiwan to Tehran, the summit between President Donald Trump and China’s President Xi Jinping addressed some of the most pressing global security issues—including AI. In an interview, Treasury Secretary Scott Bessent indicated that Washington and Beijing “are going to start talking” about a threat neither country can manage alone: the misuse of AI by…
The Sea Voyager crude oil tanker anchored off the Port of Long Beach in Long Beach, California, US, on Thursday, May 7, 2026. Tim Rue | Bloomberg | Getty Images Oil prices rose Friday after U.S. President Donald Trump said China has agreed to purchase oil from America, following talks with Chinese leader Xi Jinping. International…
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Production of Chinese chips could ramp up this year, as executives at the country’s biggest tech companies look to deploy more homegrown technology — as it’s reported U.S. chip giant Nvidia could return. On Wednesday, internet titan…
In an unprecedented act of defiance, Beijing has ordered Chinese businesses to ignore the United States’ sanctions against Iran. Chairman Xi Jinping is due to meet President Donald Trump for personal talks in the coming days. And a lot has changed since their last Beijing soiree in 2017. Trade is a deeply entrenched battleground between…
Hong Kong has recorded its fastest quarterly economic growth in nearly five years, hitting 5.9 per cent, driven by private consumption and government spending despite the war in the Middle East. The first-quarter growth outpaced the 4 per cent rise in the fourth quarter of last year, according to an advance estimate released by the…
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil. The…
Anthropic CEO Dario Amodei After six weeks of bruising fight with the Pentagon, AI giant Anthropic PBC has received what amounts to a major endorsement from the Trump administration and the reason is China. According to a report by Bloomberg, speaking at a Wall Street Journal event in Washington, US Treasury Secretary Scott Bessent praised…
The U.S. blockade of the Strait of Hormuz is adding strain to Washington’s relations with China and India, as Beijing hardens its rhetoric and New Delhi faces rising energy risks. Getty The U.S. blockade of the Strait of Hormuz is not only squeezing Iran but also ratcheting up pressure on two of its most consequential…