The United States is asking the G7 to punish India and China with tariffs for purchasing oil from Russia. US Treasury’s Scott Besant said penalties on nations having energy trade with Moscow are necessary, stating, “Cutting off Russian revenue will end the war.” This move is described as “double speak,” contrasting with Donald Trump’s statements…
US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week “advanced our talks”, but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. “This week’s negotiations in Stockholm have advanced our talks with China, and I believe that we have…
Elon Musk has ignited debate in financial and technological circles by endorsing the idea of putting US Treasury spending on a blockchain. The proposal, aimed at increasing transparency and eradicating alleged fraud, has sparked discussions about its feasibility, benefits, and risks. Yahoo Finance UK spoke with Symphony chief product officer Mike Lynch, to explore what…
President Biden and President-elect Donald Trump both advocate a tough stance on China, but have substantially different strategies on how to interact with Beijing. Before Trump took office in early 2017, the two governments had over 90 official channels of communication. He and his team had little patience for such formalized communication, seeing them as…