US treasury

Rare Earths: Strategic Metals Key to Future Tech

This is Beirut, 09:20 - Reading : 3 minute(s)

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Rare earths are minerals used to make magnets crucial to the auto, electronic and defense industries, as well as in renewable energy. The US Treasury Secretary slammed export curbs imposed by Beijing last week on technologies used for rare-earth mining, smelting, and other processing steps. Scott Bessent said on Thursday it was "China versus the ...

US Treasury Department Mulls Minting $1 Coin with Trump's Image

This is Beirut, 03/10 22:10 - Reading : 1 minute(s)

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The US Treasury Department is considering making a one-dollar coin that features President Donald Trump in order to commemorate the country's 250th independence anniversary, officials said Friday. In a social media post retweeted by Treasury Secretary Scott Bessent, US Treasurer Brandon Beach shared early drafts of the coin. Beach posted "first ...

US 'Very Close' to TikTok Deal with China: US Treasury Chief 

This is Beirut, 15/09 12:45 - Reading : 2 minute(s)

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The United States is "very close" to a deal with China to settle their dispute over TikTok, US Treasury Secretary Scott Bessent said Monday as the two sides resumed trade talk in Madrid. Bessent and Chinese Vice Premier He Lifeng opened the latest round of discussions in Madrid on Sunday, seeking to narrow differences on trade and technology that ...

US and Europol Lead International Meeting to Counter Hezbollah’s Global Threat

This is Beirut, 11/07 14:30 - Reading : 1 minute(s)

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The US Departments of State and Justice, in coordination with Europol, convened the 14th meeting of the Law Enforcement Coordination Group (LECG) to address Hezbollah’s ongoing terrorist and illicit activities, according to a statement released Thursday by the US State Department. According to the press release, the two-day meeting brought ...

Republicans Eye Thursday Vote On Trump's Tax Cut Mega-Bill

This is Beirut, 22/05 09:35 - Reading : 4 minute(s)

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Republicans announced Wednesday they will vote early Thursday on US President Donald Trump's sprawling domestic policy mega-bill pairing tax relief with spending cuts that critics say would decimate health care while ballooning the debt. The "One Big, Beautiful Bill Act" would usher into law Trump's vision for a new "Golden Age," achieved through ...

US Sanctions Four Key Hezbollah Financiers in Lebanon and Iran

This Is Beirut, 15/05 18:05 - Reading : 1 minute(s)

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The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two senior Hezbollah officials and two financial facilitators based in Lebanon and Iran for coordinating funding to support the group’s “terrorist activities.” According to a press release issued by the Department of the Treasury on ...

US, China Agree to Slash Tariffs in Trade War De-Escalation

This is Beirut, 12/05 21:34 - Reading : 4 minute(s)

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The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a "total reset," as he said that talks with counterpart Xi Jinping could soon follow. After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, ...

US, China to Publish Details of 'Substantial' Trade Talks in Geneva

This is Beirut, 12/05 09:20 - Reading : 4 minute(s)

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The US and China will Monday give details of "substantial progress" touted by Washington on trade talks aimed at ending a devastating tariff war launched by US President Donald Trump that has wiped billions off equities and brought chaos to international commerce. US Treasury Scott Bessent and Trade Representative Jamieson Greer met with Chinese ...

China Sales to US Slump Even as Exports Beat Forecasts

This is Beirut, 09/05 08:05 - Reading : 2 minute(s)

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China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world's two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began as ...

Stock Markets Edge up as Trump Softens Tariff Pain for Auto Firms

This is Beirut, 29/04 16:00 - Reading : 3 minute(s)

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Stock markets advanced on Tuesday following news that Donald Trump plans to spare automakers from some of his wide-ranging tariffs, boosting hopes of a less combative approach to his trade war. Signs of easing trade tensions are also spurring sentiment, as governments line up to negotiate deals with Washington to avert the full force of sweeping ...

Stock Markets Mostly Rise as Investors Eye Trade Talks

This is Beirut, 28/04 11:05 - Reading : 3 minute(s)

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Stocks mostly rose on Monday as investors assess how the land lies on the trade war front with countries seeking to temper Donald Trump's eye-watering tariffs. Investors were also keeping tabs on China after President Xi Jinping and other top leaders last week discussed plans to boost consumption in the world's number two economy. Markets ...

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