The Latest Breaking News from Scott Bessent

There will be no territorial concessions in Ukraine, the Ukrainian president said, answering Euronews' question on whether Kyiv is now being pressured into territorial concessions.

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects ahead

Trump administration hardens stance against the Kremlin day after cancelling a planned summit with Russian leader

Scott Bessent claimed the measures against Rosneft and Lukoil will ‘degrade’ the Kremlin’s military efforts

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

“I don’t want to have a wasted meeting,” Trump said in comments that followed reports his planned Budapest meeting with Putin has been shelved over Moscow’s refusal of an immediate ceasefire in its war against Ukraine.

Australia is pitching itself as a solution to the U.S. critical metal problems. The West has struggled to break China’s grip on the 50-odd “critical minerals” that are vital for electronics, renewables, defense systems, and more. However, Monday’s meeting between Australian Prime Minister Anthony Albanese and President Donald Trump might…

December S&P 500 E-Mini futures (ESZ25) are up +0.29%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.41% this morning as signs of easing trade tensions between the U.S. and China helped boost risk appetite.

As the weekend comes to a close, let’s take a look at the top stories that made headlines in the business world.