Jacob Lew

With spats over Apple and Deutsche Bank and squabbles about Airbus and Boeing, approaching elections on both sides of the Atlantic are exacerbating strains in U.S.-European economic relations.

Christine Lagarde, the first woman to head the International Monetary Fund, became assured on Feb. 11 of a second term as managing director to steer it through a global economic slowdown.

Finance ministers from the 15 nations on the U.N. Security Council will meet on Dec. 17 to adopt a resolution aimed at disrupting the outside revenue that the Islamic State of Iraq and the Levant (ISIL) extremist group gets from selling oil and antiquities, from ransom payments and other criminal activities.

Ministers and central bank chiefs from the world's top 20 economies sought Sept. 5 to bolster market confidence in the global economy, despite mounting alarm about the fallout from China's slowdown.
  

US President Barack Obama on Tuesday officially welcomed an agreement between Greece and its European creditors, given that his administration has reportedly worked continuously, and behind-the-scene, to press for a deal and avert a possible global economic crisis.

The U.S. administration has warned the European Union not to allow Greece's financial and economic collapse, as it would be "geopolitically a mistake."

The White House urged Greece and EU leaders July 6 to find a compromise to keep the cash-strapped country in the eurozone, after Greeks voted resoundingly to reject an austerity-based bailout.

A new telephone conversation was held between US FinMin Jack Lew and Greek PM Alexis Tsipras. This shows Washington DC’s wish to see an agreement on Greece as soon as possible.

The United States signed on May 18 its second $1 billion loan guarantee deal for Ukraine aimed at helping the crisis-wracked country surmount a Russia-backed insurgency and rebuild its tattered economy.

The U.S. ambassador in Ankara, John Bass, will represent his country in the commemoration ceremonies for the 100th anniversary of the Battle of Gallipoli, U.S. Embassy spokesperson Joe Wierichs told Hürriyet Daily News.