81 m. ago Davos live: Trump lands in Zurich ahead of speech to world leaders; Merz meeting cancelled due to Air Force One delay

Rolling coverage of the World Economic Forum in Davos, where head of Nato insists Ukraine must be number one issueUS treasury secretary brands Denmark ‘irrelevant’ as Greenland row deepensNervous rex: the Davos elite brace for Trump and his dinosaur diplomacyQ: Is the US worried that institutional investors in Europe might pull out of the US Treasury market, such as pension funds in Denmark?Bessent brushes this aside, sayingThe size of Denmark’s investment in US Treasury bonds, like Denmark itself, is irrelevant.It is less than $100 million.They’ve been selling Treasuries for years. I’m not concerned at all. Continue reading...

Politics

3 h. ago EU chief says Europe needs to abandon caution after US treasury secretary calls Denmark ‘irrelevant’ – Europe live

Scott Bessent replied to a question on Danish investments by saying that ‘Denmark’s investment in US treasury bonds, like Denmark itself, is irrelevant’Curiously, Rutte also pointedly says that “the main issue [for Nato] is not Greenland, it’s Ukraine.”“The risk here is that you focus, of course, on Greenland, because we have to make sure that that issue gets solved in an amicable way.But the main issue is not Greenland. Now, the main issue is Ukraine.”“And as we speak, Russian missiles and Russian drones are attacking the energy infrastructure in Ukraine. We know that it is now -20 degrees in Kyiv. We know that Ukraine can only take care of 60% of its own electricity.And yes, it is true the Russians have lost in December 1,000 people dead – not seriously wounded, but dead - a day. That’s over 30,000 in the month of December. In the 1980s, in, Afghanistan, the Soviets lost 20,000 in 10 years. Now they lose 30,000 a month in one month. But they still continue the attack, they still i...

Society

5 h. ago Trump entourage slams Europe's 'anger' and 'bitterness' over Greenland tariff threat as president heads to Davos for showdown with world leaders: Live updates

LIVE UPDATES: Follow the latest as Donald Trump heads to the World Economic Forum in Davos. The US President will speak at the event after doubling down on his threat to seize Greenland.

Politics

6 h. ago The Latest: US Treasury secretary decries Europe’s ‘anger’ over tariff threat

U.S. President Donald Trump’s third visit as president to the World Economic Forum’s annual meeting is set for Wednesday

Events

6 h. ago Davos: Trump to address WEF amid Greenland standoff after ‘minor electrical issue’ on Air Force One – live updates

Rolling coverage of the World Economic Forum in DavosNervous rex: the Davos elite brace for Trump and his dinosaur diplomacyTaking questions, Bessent suggests it would be “very disappointing” if Switzerland started to emulate the EU policies of “administration, bureaucracy, and economic sclerosis”.US Treasury secretary Scott Bessent is holding a press briefing here in Davos, at the US House (in a church just outside the WEF congress centre).We can only grow together by expanding trade. Continue reading...

Politics

27 h. ago Davos: US treasury secretary Scott Bessent urges Europe not to retaliate over Greenland tariffs – business live

Rolling coverage of the World Economic Forum in Davos, where Bessent claims reports Europe could sell Treasury bonds is ‘completely false narrative’Scott Bessent then denies that European Union countries, and the UK, could exercise the “nuclear option” over the Greenland crisis, and dump their holdings of US Treasuries.Asked how the Treasury Department, and the White House, would prepare for this, Bessent insists it is a “completely false narrative”, and claims the media are “hysterical” over the issue.I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.What I am urging everyone here to do is sit back, take a deep breath, and let things play out.What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals. Continue reading...

Society

37 h. ago Bessent questions Europe’s ability to agree strong response to Greenland tariffs

US Treasury secretary derides the ‘dreaded European working group’

Politics

37 h. ago Bessent mocks EU tariff response from ‘dreaded European working group’

US Treasury secretary derides the ‘dreaded European working group’

Economics

54 h. ago Bessent questions strength of any EU response to Trump’s tariff threats

US Treasury secretary plays down prospect of bloc launching rapid and powerful countermeasures

Politics

5 d. ago France warns US that Greenland seizure would endanger EU trade

French finance minister Roland Lescure raised concerns with American Treasury secretary Scott Bessent

Events

1 week ago US treasury secretary says Argentina has repaid its US credit line in a win for Milei

U.S. Treasury Secretary Scott Bessent says that Argentina has repaid the funds it drew from a $20 billion credit line with the Trump administration

Politics

1 week ago How Treasury minister's warning on spiralling MPs' expenses was ignored

The Chief Secretary to the Treasury voiced concerns at spiralling spending on politicians and their staff.

Events

4 w. ago Jes Staley and Larry Summers made executors of Jeffrey Epstein’s estate, files reveal

Former Barclays boss and ex-US Treasury secretary named in versions of will of convicted child sex offenderThe former Barclays chief executive Jes Staley and the ex-US Treasury secretary Larry Summers were appointed as executors of Jeffrey Epstein’s estate, according to a newly released tranche of documents linked to the now-deceased child sex offender.Filings published on Tuesday by the US Department of Justice included various versions of Epstein’s last will and testament, which showed the financier intended to hand responsibility of managing his affairs to associates including the two high-profile men in the event of his death. Continue reading...

Politics

4 w. ago Jes Staley and Larry Summers were made executors of Jeffrey Esptein’s estate, files reveal

Ex-Treasury secretary and former Barclays chief are named in versions of will belonging to deceased child sex offenderThe former Barclays chief executive Jes Staley and the ex-US Treasury secretary Larry Summers were appointed as executors of Jeffrey Epstein’s estate, according to a newly released tranche of documents linked to the now-deceased child sex offender.Filings published on Tuesday by the US Department of Justice included various versions of Epstein’s last will and testament, which showed the financier intended to hand responsibility of managing his affairs to associates including the two high-profile men in the event of his death. Continue reading...

Politics