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The U.S. announced a new package of sanctions on Russian elites, lawmakers and defense companies, punishments designed to ramp up pressure on Moscow over its invasion of Ukraine. → Read More
U.S. President Joe Biden and Chinese leader Xi Jinping began a closely watched phone call on Friday, their first since Russia’s invasion of Ukraine last month. → Read More
President Joe Biden will speak Friday with Chinese President Xi Jinping, as the U.S. leader looks to shore up global pressure on Russia to halt its war in Ukraine. → Read More
The Biden administration called on OPEC countries and U.S. regulators to do more to ensure a stable energy supply, with a specific focus on retail gasoline prices that President Joe Biden pledged to keep affordable. → Read More
President Joe Biden said he’s reached a tentative deal with a group of Democratic and Republican senators on a bipartisan, US$579 billion five-year infrastructure plan that would fulfill one of his top priorities. → Read More
President Joe Biden is revoking Trump-era bans on the Chinese-owned apps TikTok and WeChat on Wednesday, and instead will review software applications from foreign adversaries that could pose a risk to Americans’ sensitive data, senior administration officials said. → Read More
U.S. support for a waiver of patent protections for COVID-19 vaccines heads to the World Trade Organization, setting the stage for potentially thorny talks over sharing the proprietary know-how needed to boost global supplies of the life-saving shots. → Read More
President Joe Biden intends to raise capital gains taxes for those earning more than US$1 million a year his top economic adviser confirmed Monday, arguing that the move would affect only a tiny share of American households. → Read More
President-elect Joe Biden’s big-spending blueprint for a U.S. economy still battling the pandemic is set to meet pushback from Congress, where his party failed to win sweeping control. → Read More
Financial markets are warming to the idea that the U.S. economy could get a Biden bounce -- but it hinges on a new government being able and willing to run big budget deficits. → Read More
The Trump administration has asked gaming companies to provide information about their data-security protocols involving Chinese technology giant Tencent Holdings Ltd., people familiar with the matter said. → Read More
The Trump administration is signaling that U.S. companies can continue to use the WeChat messaging app in China, according to several people familiar with the matter. → Read More
The U.S. and China are postponing talks planned for over the weekend that had been aimed at reviewing progress at the six-month mark of their phase-one trade agreement, people familiar with the matter said. → Read More
The Trump administration is poised to impose sanctions on Chinese officials and their allies in Hong Kong, including Chief Executive Carrie Lam, as soon as Friday over their role in curtailing political freedoms in the former U.K. colony, according to three people familiar with the matter. → Read More
The U.S. Treasury expanded its plans for the issuance of longer-term debt in coming months, after depending mainly on shorter-dated bills to fund the federal government’s record spending surge to address the Covid-19 crisis. → Read More
President Donald Trump plans to announce a decision ordering China’s ByteDance Ltd.’s to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with the matter. → Read More
The Trump administration is considering re-imposing tariffs on aluminum imports from Canada and an announcement could come by the end of the week, according to people familiar with the matter. → Read More
Treasury Secretary Steven Mnuchin withdrew the U.S. from international talks over a digital tax deal after failing to reach an agreement with countries looking to place levies on the revenue of American tech companies, U.S. Trade Representative Robert Lighthizer said. → Read More
The proposal is aimed at bolstering the U.S.’s leadership in a US$400-billion industry that’s become central to President Donald Trump’s trade war against China. → Read More
His comments come as tensions between the U.S. and China have escalated in recent weeks, throwing into question the stability of the initial trade agreement. → Read More