MBS and Saudi Arabia Face Crisis With Key Oil Pipeline Shut for Weeks
The US-Iran war has reached crisis point for Saudi Arabia and its de facto leader, Crown Prince Mohammed bin Salman.
Bloomberg
Region: United States
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Language: EN
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Mode: Aggregation
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Stories Indexed: 354
Bessent Accuses Democrats of 'Poisoning' Consumer Data
US Representative Jim Himes (D-CT) pushes back on optimistic claims about the economy, arguing that upbeat rhetoric amounts to political malpractice when consumer sentiment has fallen sharply. (Source: Bloomberg)
Trump's Intent on $5,000 Checks Is Very Real, Bessent Says
Treasury Secretary Scott Bessent says the Treasury is looking at President Donald Trump's proposal to give each American adult $5,000 if Republicans keep control of Congress after the November elections. He says President Trump's intent is very real. Bessent testifies before the ...
Bessent Says He’s Supportive of $5,000 Checks for Americans
Treasury Secretary Scott Bessent said he’s supportive of a plan floated by President Donald Trump to send $5,000 checks to American adults if Republicans retain their majorities in Congress, downplaying concerns about the potential cost.
UAE Working to Be Removed From Foreign Travel Warning Lists
The United Arab Emirates is working with other countries on removal from their travel advisory lists just as hotel occupancies in Dubai rebound to their highest since the Iran war started.
Fed Has to Put Up or Shut Up, Says DoubleLine's Sherman
DoubleLine Capital Deputy Chief Investment Officer Jeffrey Sherman says it's time for the Federal Reserve to "put up or shut up." With bond yields trading above 5%, he says "the best thing to do is bring a hike." Sherman speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Bessent Says He’ll Meet With China's He Lifeng This Weekend
US Treasury Secretary Scott Bessent says the UAE has made forward-leaning moves against Iran-linked finance, including cutting off financial transactions and trade with Iran. He speaks during testimony before the House Financial Services Committee. (Source: Bloomberg)
Bessent to Meet Chinese Counterpart Ahead of Trump-Xi Summit
Treasury Secretary Scott Bessent said he will meet this weekend with his Chinese counterpart, He Lifeng, ahead of a summit between President Donald Trump and Xi Jinping later this month.
Bessent Hearing Repeatedly Interrupted by Protesters
Protesters repeatedly stood up and interrupted US Treasury Secretary Scott Bessent's testimony on Capitol Hill Tuesday. He is testifying about the state of the international financial system before the House Financial Services Committee. Police stepped in and took the protesters ...
Canada's Carney Expands Tax Breaks for Most New Capital Investing
Canadian Prime Minister Mark Carney says the government is expanding the scope of a major investment tax write-off to include oil and gas pipelines, mining property, and more. He made the announcement at an investment summit in Toronto. (Source: Bloomberg)
Merz Calls for Trade Tools to Fight ‘Unfair’ China Competition
Chancellor Friedrich Merz said that Germany will support tough new measures against China’s “unfair” trade practices at a meeting of European Union leaders next month.
Hungary Shuts Orban’s Controversial Communist Terror Museum
A Budapest museum on the crimes of Hungary’s communist and fascist regimes that critics say served as an ideological cudgel for the former government was temporarily shuttered and its director fired, Culture Minister Zoltan Tarr said.
Dubai, Abu Dhabi Residents Return to a New Normal: ‘Neither War, Nor Peace’
Every year, a summer lull in the United Arab Emirates gives way to a September rush. Offices fill up, school buses ferry children through city streets once again, hotels prepare for tourists chasing winter sun while professionals swarm to conferences across the country.
China and US Discuss Cutting Tariffs on Agriculture and Energy
The US and China are discussing slashing tariffs on certain goods, including on American energy and agricultural shipments — a potential sign the leaders’ summit next week will lead to an extension of the one-year trade truce.
Alexandre de Moraes Says Probe Against Him Driven by Politics
A Brazil Supreme Court justice under scrutiny for alleged ties to the banker at the center of a fraud scandal said he is the target of an illegal and politically-driven probe weeks before the presidential election.
Indonesian Power Politics, Not Markets, Forced Out Finance Chief
The end came quick for Indonesia’s finance minister.
Spaceports to Satellites: Here Are the Big Projects Canada Is Pitching
Canada is putting some of its biggest ambitions on the table for global investors, including data centers, critical-mineral mines, high-speed rail and an Arctic trade corridor.
Reform Considers European Court in Fight to Keep Record Gifts
Reform UK is considering a legal challenge under the European Convention on Human Rights if the Labour government’s bid to retroactively cap overseas political donations is successful.