The United Arab Emirates has opened talks with the United States about obtaining a financial backstop in case the Iran war plunges the oil-rich Persian Gulf state into a deeper crisis, US officials told the Wall Street Journal on Sunday. UAE Central Bank Governor Khaled Mohamed Balama raised the idea of a currency-swap line with…
It has been a turbulent year for the fraught US-China relationship. In the fourth part of a series looking back at the events of 2025, we examine the impacts of Trump’s foreign policy on global geopolitics. As the administration of US President Donald Trump ends its first year, expect the unabashed disrupter to continue applying…
US Treasury Secretary Scott Bessent said Sunday that Washington hopes to finalize a deal with China for securing supplies of rare earths by the Thanksgiving holiday at the end of November. Under the tentative deal — reached in late October at a meeting between Presidents Donald Trump and Xi Jinping in South Korea — Beijing…
The United States on Thursday announced sanctions on around 100 individuals, entities, and vessels, including Chinese companies, accused of facilitating Iran’s oil and petrochemical exports, the Treasury Department said. Among those targeted were Shandong Jincheng Petrochemical Group Co, described as an independent “teapot” refinery in Shandong Province that purchased millions of barrels of Iranian oil…
The Trump administration announced that a framework deal has been established to allow TikTok to continue operating in the United States. It sets the stage for further discussions between President Donald Trump and Chinese President Xi Jinping on Friday.The Treasury Secretary confirmed that the two private parties involved have agreed upon the commercial terms of…