4 h. ago US and China reach ‘final deal’ on TikTok sale, treasury secretary says

Scott Bessent said plan was part of framework for trade deal but did not share details on transferring app’s ownershipMurdoch, Ellison and China: what we know about the US’s TikTok dealUS treasury secretary Scott Bessent claimed on Sunday that the US and China have finalized the details of a deal transferring TikTok’s US version to new owners.“We reached a final deal on TikTok,” Bessent said on Sunday on CBS’s Face the Nation with Margaret Brennan. Alluding to Donald Trump and his Chinese counterpart, Xi Jinping, Bessent continued: “We reached [a deal] in Madrid, and I believe that as of today, all the details are ironed out, and that will be for the two leaders to consummate that transaction” during a meeting scheduled for Thursday in Korea. Continue reading...

Economics

7 h. ago Trump and China reach groundbreaking TikTok deal after years

Treasury Secretary Scott Bessent said that the two world leaders will 'consummate' the deal when they meet in Korea on Thursday.

Politics

3 d. ago Trump slaps Russia’s biggest oil companies with sanctions over Ukraine war: ‘Now is the time to stop the killing’

Treasury Secretary Scott Bessent announced the tough new measures against Moscow after White House scrapped plans for talks with Putin

Events

4 d. ago Trump administration teases ‘substantial pickup in Russia sanctions’ after summit plans aborted

Treasury secretary teases new measures against Moscow after White House scraps plans for talks over Ukraine war

Politics

4 d. ago Scottish Government urges Treasury to reimburse £26m Trump and Vance visit cost

Scotland’s Finance Secretary has written to the Chief Secretary to the Treasury.

Politics

8 d. ago US treasury secretary and Chinese vice premier plan another meet over ‘unsustainable’ tariff hike

Scott Bessent says he expects to meet with He Lifeng in Malaysia next week

Politics

1 week ago Scott Bessent says Chinese top trade envoy came to Washington uninvited

US treasury secretary says Li Chenggang was ‘unhinged’ and ‘disrespectful’ during visit to DC in August

Politics

1 week ago US treasury secretary accuses Beijing of trying to damage global economy; silver hits record high – business live

Rolling coverage of the latest economic and financial newsWhy has US-China trade war restarted and how have markets reacted?A flurry of takeover talk speculation has pushed up shares in budget airline EasyJet this morning.EasyJet’s shares are up over 7%, leading the risers on the FTSE 100 share index.“[The group] does not believe the redress methodology proposed by the FCA appropriately reflects actual customer loss or achieves a proportionate outcome.“...the FCA’s proposed approach to assessing unfairness does not align with the legal clarity provided by the supreme court judgement in respect of the “Johnson” case, which confirmed that the test for unfairness is highly fact specific and must take into account a broad range of factors. The group will continue to engage with the FCA in respect of these points.“Many motor finance lenders did not comply with the law or the rules. It’s time their customers get fair compensation. Recent court judgments show that liabilities exist no matt...

Events

1 week ago Scott Bessent accuses China of trying to damage global economy

US Treasury secretary tells FT Beijing’s restrictions on critical mineral exports will hurt its own international standing

Events

1 week ago Bessent slams China: ‘They want to pull everybody else down with them’

US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

Politics

2 w. ago Tory frontbencher suggests older Brits with savings could lose the state pension through means

Richard Fuller, the shadow chief secretary to the Treasury, pointed to Australia's state pension system where how much you get depends on your income and assets.

Economics

3 w. ago Sonay Kartal’s breakthrough China Open run halted by stellar Noskova

Briton overwhelmed 6-3, 6-4 by the Czech world No 27Kartal leapfrogs Boulter as GB No 2 after tournamentSonay Kartal’s impressive breakthrough run in Beijing came to a difficult end as she was overpowered by Linda Noskova, who eviscerated every last ball and played a stellar match to reach the semi-final of the China Open with a comfortable 6-3, 6-4 win.The defeat ends the most significant tournament of Kartal’s career to date as the 23-year-old Briton showed, with a series of excellent performances in one of the biggest events in the world, that she has the game to trouble the best players in the world, reaching her first WTA 1000 quarter-final with a superb three-set win over Mirra Andreeva, ranked No 5, for her first victory against a top-10 player. Continue reading...

Politics

3 w. ago Sonay Kartal pulls off biggest win of career to stun world No 5 Mirra Andreeva

Victory in Beijing sees Briton reach quarter-finals Jannik Sinner clinches his third title of 2025Sonay Kartal put together the best performance of her burgeoning career to outlast the world No 5 Mirra Andreeva across three gruelling sets, winning 7-5, 2-6, 7-5 after two hours and 25 minutes to reach her first WTA 1000 quarter-final at the China Open.The victory in Beijing marks Kartal’s first defeat of a top 10 opponent, a statement result as she rises up the rankings. Standing at just 5ft 4in (163cm) in a sport dominated by strong, imposing athletes, one of the most common questions surrounding Kartal’s career has been whether her game is too underpowered to trouble the elite. The Briton’s efforts on Wednesday provided a convincing answer to those questions. Continue reading...

Politics