Treasury Secretary Scott Bessent told Axios the U.S. is open to discussing shared AI risks with China during upcoming talks in New York, ahead of a Trump-Xi summit. The meeting could open space for U.S.-China AI safety cooperation, though a major breakthrough remains unlikely.
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The EU’s top official has floated granting Canada associate membership, an idea Canadian officials have recently supported. The practical meaning and path to official status remain unclear, with significant hurdles ahead.
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European Commission President Ursula von der Leyen proposed that Canada become the EU's first associated member during her State of the Union address, with Canadian Prime Minister Mark Carney in attendance. The proposal comes amid a U.S.-Canada trade war and discussions on deepening cooperation on critical minerals, energy, defense and technology. Conservative opposition leader Pierre Poilievre criticized the idea as making Canada a '28th state' of the bloc.
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The article highlights a global memory-chip shortage as a critical issue discussed at the G20 Innovation Ministerial, with Nvidia and OpenAI executives drawing attention to it. It argues that Washington cannot ignore the shortage because memory chips are essential to modern devices and the broader economy.
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European Commission President Ursula von der Leyen backed proposals for Canada to become the EU's first associate member, citing closer cooperation on trade, defense, AI, climate, and security. The move follows Canadian Prime Minister Mark Carney seeking a unique alliance amid tense US relations and collapsed trade talks. Von der Leyen also proposed a European Security Council including the UK and Ukraine.
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European Commission President Ursula von der Leyen proposed making Canada the European Union's first associate member, saying the bloc must urgently rethink its partnerships. She made the remark to Canadian Prime Minister Mark Carney during a speech in Strasbourg.
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The House advanced a procedural rule for a Russia sanctions bill that would grant President Trump tariff authority over countries purchasing Russian energy and extend existing Iran sanctions. Two Democrats, Reps. Jared Golden and Marie Gluesenkamp Perez, voted with Republicans to move the measure forward despite Democratic objections that it expands presidential tariff powers and may not mandate Russia sanctions.
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Treasury Secretary Scott Bessent is scheduled to testify before the House Financial Services Committee on the state of the U.S. financial system. The hearing is expected to address tariffs, deficits, affordability, energy prices, and the conflict with Iran.
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House Democratic leaders oppose a Russia sanctions bill that would give the Trump administration broader tariff authority, but some Democratic members are undecided or supportive. Republicans need Democratic votes to pass the measure, which already cleared the Senate and is backed by the White House.
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China's investment slump and consumer spending remained under pressure from weak domestic demand in August, even as industrial production rose 5.2% on resilient exports. Fixed asset investment fell 7.2% in the January-to-August period, and retail sales rose just 0.4%.
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Multiple shipping containers fell from a cargo ship into the water at the Port of Los Angeles on Monday morning. The incident occurred around 11:30 a.m. at Berth 302, according to the Los Angeles Fire Department, and no injuries were reported. The cause remains unknown.
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A video interview with Sen. Susan Collins about her reelection race, President Trump, Canadian tariffs, and the future of the political center. The available text contains only a headline, description, and video-player page elements.