Kyiv and Washington have agreed a deal to give the United States access to Ukrainian mineral resources, following a spat between U.S. President Donald Trump and Ukrainian leader Volodymyr Zelensky.

Key details of the accord remain unclear: exactly how much money is at stake? Will the deal provide security guarantees for Ukraine?

The European Union executive on Wednesday announced plans for a major revamp of its economic strategy to meet demands of the bloc's captains of industry who have long complained about excessive taxation, sky high energy prices and an overbearing bureaucracy that makes the bloc unattractive.

At the same time, environmental groups say that far-reaching deregulation and the boosting of conditions for energy-intensive companies will come at the cost to the EU's ambitious climate targets.

Finance ministers and central bank chiefs from the Group of 20 developed and developing nations gathered in South Africa on Wednesday for a two-day meeting marked by the absence of U.S. Treasury Secretary Scott Bessent and several other high-profile figures.

Bessent's absence follows a boycott of a G20 foreign ministers meeting in South Africa last week by U.S. Secretary of State Marco Rubio as the Trump administration has been openly critical of the country and its G20 themes. Bessent said he couldn't attend because of commitments in Washington.

Negotiations between U.S. and Ukrainian officials over continued American military aid in exchange for access to Ukraine's valuable mineral resources are gaining traction after a rocky start, something Kyiv hopes will help secure long-term support for its defense against Russia.

Ukraine has offered to strike a deal with President Donald Trump which would supply the U.S. with rare earth elements — critical for various technologies. Trump said that he wanted such a deal earlier this month, and it was initially proposed last fall by Ukrainian President Volodymyr Zelenskyy as part of his plan to strengthen Kyiv's hand in future negotiations with Moscow.

The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies.

The U.S. Treasury and the U.S. State departments sanctioned more than 30 people and ships, including the heads of Iran's National Iranian Oil Co., and the Iranian Oil Terminals Co., for their role in brokering the sale and transportation of Iranian oil. The sanctioned ships move crude oil valued in the hundreds of millions of dollars, according to the Treasury.

President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation.

"We're on time with the tariffs, and it seems like that's moving along very rapidly," the U.S. president said at a White House news conference with French President Emmanuel Macron.

Order a Coke to wash down some hummus in the Israeli-occupied West Bank these days and chances are the waiter will shake his head disapprovingly — or worse, mutter "shame, shame" in Arabic — before suggesting the popular local alternative: a can of Chat Cola.

Chat Cola — its red tin and sweeping white script bearing remarkable resemblance to the iconic American soft drink's logo — has seen its products explode in popularity across the occupied West Bank in the past year as Palestinian consumers, angry at America's steadfast support for Israel in its war against Hamas in Gaza, protest with their pocketbooks.

A contentious Trump administration proposal to give the U.S. $500 billion worth of profits from Ukraine's rare earth minerals as compensation for its wartime assistance to Kyiv has been taken off the table, President Volodymyr Zelensky said Sunday, indicating a more equitable deal is in the works.

Zelensky had earlier declined a U.S. draft agreement on exploitation of his country's valuable minerals such as lithium used in the aerospace, defense and nuclear industries because it did not contain security guarantees and came with the $500 billion price tag.

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations.

In a letter to employees released Monday, Niccol said the company will inform employees who are being laid off by mid-day Tuesday. Niccol said Starbucks is also eliminating several hundred open and unfilled positions.

U.S. stocks are recovering some of their sharp losses from last week. The S&P 500 rose 0.3% in early Monday trading. The Dow Jones Industrial Average added 149 points, and the Nasdaq composite gained 0.3%. Berkshire Hathaway climbed after Warren Buffett's company reported a jumped in operating profits for the latest quarter. Big U.S. businesses have broadly been reporting better profits for the end of 2024 than analysts expected, providing solid support for the stock market. This upcoming week will feature a profit report from Nvidia, one of Wall Street's most influential stocks, as well as updates on consumer confidence and inflation.

THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.