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Treasury Secretary Scott Bessent Announces Further Sanctions on Banks Facilitating Business with Iran

Treasury Secretary Scott Bessent Announces Further Sanctions on Banks Facilitating Business with Iran

Treasury Secretary Scott Bessent has indicated that the Trump administration will impose additional sanctions on banks accused of facilitating business with Iran. This announcement was made on the sidelines of the G20 summit in North Carolina. Bessent stated that these new sanctions are part of an ongoing economic pressure campaign against Iran, aiming to intensify the financial squeeze on the country. He emphasized that the Treasury Department now possesses five new authorities, which will be utilized across various sectors including digital assets, aviation, and maritime activities. Bessent highlighted the broad international support for these measures, citing cooperation from allies such as the European Union, the European Central Bank, the United Kingdom, the United Arab Emirates, and Bahrain. The Secretary reiterated a 'zero tolerance' policy regarding financial transactions with Iran that circumvent sanctions.
USA TodayUSA Today
'Looking for hope:' In Havana’s darkness, Cubans turn to faith

'Looking for hope:' In Havana’s darkness, Cubans turn to faith

As Cuba struggles through a humanitarian crisis, more seek relief in Catholic churches. Father Suárez ministers to feed and clothe the most needy.
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President Trump to Sign Sanctioning Russia and Iran Act, Expanding Tariff Authority

President Trump to Sign Sanctioning Russia and Iran Act, Expanding Tariff Authority

President Trump is expected to sign the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 into law. This legislation, which passed both the Senate and the House of Representatives, grants the President expanded authority to impose tariffs of up to 100 percent on nations that continue to purchase crude oil and natural gas from Russia. The Act also targets maritime vessels associated with Russia's 'shadow fleet' and includes a five-year extension of existing sanctions against Iran, a condition President Trump advocated for. While the bill does not automatically apply these duties, it empowers the executive branch to implement them under specified legal conditions. The measure is considered the most significant American legislative package supporting Ukraine since President Trump's return to the White House, breaking a two-year parliamentary deadlock.
ReutersReuters
Macron, Carney pledge closer ties in Atlantic island meeting amid strains with Trump

Macron, Carney pledge closer ties in Atlantic island meeting amid strains with Trump

By John Irish Sept 20 (Reuters) - The leaders of France and Canada on Sunday pledged closer ties to grapple with rising geopolitical tensions, climate change and the erosion of democratic values, after they met in the French territory of Saint-Pierre and Miquelon off Canada's Atlantic coast.
AP NewsAP News
World leaders in New York to grapple with climate. Fuel prices, AI and disasters complicate things

World leaders in New York to grapple with climate. Fuel prices, AI and disasters complicate things

World and business leaders this week will grapple with the urgent costs of climate change
ReutersReuters
US Treasury's Bessent and China's He launch talks on AI, trade and critical minerals

US Treasury's Bessent and China's He launch talks on AI, trade and critical minerals

By David Lawder and Antoni Slodkowski NEW YORK, Sept 20 (Reuters) - US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng arrived in New York on Sunday for a meeting aimed at teeing up potential agreements on AI, tariffs and critical minerals for a high-stakes summit this week
ReutersReuters
Tech leads shares higher in Asia as oil slips

Tech leads shares higher in Asia as oil slips

By Wayne Cole SYDNEY, Sept 21 (Reuters) - Share markets edged higher in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased on reports more oil was finding its way out of the Middle East than previously thought despite the ongoing conflict in the Gulf.
ReutersReuters
Macron and Carney to meet in French Atlantic archipelago in signal to Trump

Macron and Carney to meet in French Atlantic archipelago in signal to Trump

By John Irish UNITED NATIONS, Sept 20 (Reuters) - President Emmanuel Macron arrived in the French territory of Saint Pierre and Miquelon for talks with Canadian Prime Minister Mark Carney on Sunday, weeks after President Donald Trump posted an image showing the islands covered by the US flag.
ReutersReuters
As lines grow at banks, Cuba tiptoes away from communism but stability seems distant

As lines grow at banks, Cuba tiptoes away from communism but stability seems distant

By Ayose Naranjo and Alien Fernandez HAVANA, Sept 21 (Reuters) - Víctor Rodríguez, a 72-year-old retiree, rose before dawn to nab his spot in line at a bank in Havana several kilometers from his home.  If he'd risked a later start, the bank might have run out of bills before his turn.
AP NewsAP News
The Latest: CNN, MS NOW and Politico say they’re suing over denied White House access

The Latest: CNN, MS NOW and Politico say they’re suing over denied White House access

CNN, MS NOW and Politico say they’ve notified President Donald Trump’s administration that they’re filing a lawsuit over being denied White House access
ReutersReuters
Analysis-Russia sanctions bill gives Trump sweeping new tariff powers

Analysis-Russia sanctions bill gives Trump sweeping new tariff powers

By Andrea Shalal WASHINGTON, Sept 18 (Reuters) - The Russia sanctions bill passed by Congress this week gives US President Donald Trump new powers to impose tariffs that could last well beyond his presidency, injecting more uncertainty into the global economy after nearly two years of trade wars.