Treasury Secretary Scott Bessent announced the agreement, which pushes back the Nov. 10 deadline, as the two world leaders prepare for talks in Washington.

Senate Democrats are using Chinese leader Xi Jinping’s high-profile state visit to Washington this week to press Republicans for votes on export control legislation restricting Beijing’s access to advanced chips used in artificial intelligence technology.

His Chinese counterpart, Xi Jinping, has not said anything so forthright - but it seems he holds a similar view. "China very much sees it as a race, they very much think China should be the leading force in AI - they see AI as a power maximiser,

Donald Trump welcomed Xi Jinping on Wednesday evening, taking the unusual step of greeting the Chinese leader on the tarmac at Joint Base Andrews to kick off his state visit to Washington. Xi’s plane was met with a lavish arrival ceremony that included a 100ft long red carpet flanked by US service members, a military flyover by two B-1 bombers and a presentation of the flags and national anthems of both countries. US presidents typically welcome...

Oil prices ticked up following Iranian President Masoud Pezeshkian’s defiant address to the U.N. General Assembly. While Pezeshkian indicated that Iran was “ready for dialogue,” he also said that “Ira

Oil prices fell in early European trading on hopes for a diplomatic solution to the Middle East war and as Saudi Arabia began efforts to restart a critical pipeline.

Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.

Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.