President-elect Donald Trump picked prominent investor Scott Bessent to take on the role of U.S. treasury secretary.
President-elect Donald Trump picked prominent investor Scott Bessent to take on the role of U.S. treasury secretary on November 22, putting him at the helm of a cabinet position, if confirmed, with vast influence over economic, regulatory and international affairs.
Wall Street had been closely watching who Trump would choose for the coveted role, especially given his plans to remake global trade through tariffs. A handful of finalists emerged in recent days, including former Federal Reserve governor Kevin Warsh and Apollo Global Management CEO Marc Rowan.
Bessent has advocated for tax reform and deregulation, particularly to spur more bank lending and energy production, as noted in a recent opinion piece he wrote for The Wall Street Journal.
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The U.S. and the European Union are set to sign a memorandum of understanding on Friday to establish a partnership on the procurement and production of critical minerals, the U.S. State Department confirmed late on Thursday.
The Iranian missions in London and Vienna strongly condemned the remarks by the European Union Foreign Policy Chief Kaja Kallas on the imposition of further sanctions on Tehran as a “highway of hypocrisy,” amid the Israeli-U.S. war on the Islamic Republic.
The escalating conflict involving Iran, the U.S. and Israel is fuelling what could become the most severe energy crisis the world has ever faced, according to the head of the International Energy Agency (IEA).
Diplomatic efforts to prevent renewed hostilities between Iran and the U.S. appear increasingly fragile, with prospects for sustained dialogue fading as both sides prepare for possible escalation.
Argentina has reiterated its interest in resuming talks with the United Kingdom over the Falkland Islands, a disputed archipelago in the South Atlantic, after reports that an internal Pentagon email suggested reviewing Washington’s support for the UK’s claim amid tensions over the Iran war.
Ukrainian President Volodymyr Zelenskyy is in Azerbaijan for talks with President Ilham Aliyev, holding meetings in Gabala on Saturday (25 April) during a working visit to the country.
Diplomatic efforts to end the Iran war suffered a setback on Saturday as U.S. President Donald Trump cancelled a planned envoy visit to Pakistan for talks, even as parallel regional diplomacy continued and military tensions escalated in Lebanon.
China’s growing use of electric and hydrogen-powered vehicles took centre stage at the Beijing Auto Show 2026, which opened on 24 April, highlighting the country’s expanding clean transport ambitions.
The United States has issued an international warning accusing Chinese firms, including AI start-up DeepSeek, of allegedly stealing intellectual property from American artificial intelligence labs.
U.S. President Donald Trump and First Lady Melania Trump were rushed out of the White House Correspondents' Association Dinner by Secret Service agents after a 31 year old suspect attempted to storm event.
More than 1,000 firefighters are battling to contain two major wildfires in northern Japan for a fourth consecutive day, as flames advance towards residential areas and force thousands to flee.
Militants have staged coordinated attacks in Mali’s capital, Bamako, and several locations across the country, the army said on Saturday (25 April), in an assault apparently involving jihadist and Tuareg-led groups.
Two men were killed after the United States carried out a missile strike on a suspected drug-trafficking boat in the eastern Pacific Ocean on Friday (24 April), the military said.
Argentina has reiterated its interest in resuming talks with the United Kingdom over the Falkland Islands, a disputed archipelago in the South Atlantic, after reports that an internal Pentagon email suggested reviewing Washington’s support for the UK’s claim amid tensions over the Iran war.
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