Scott Bessent
Japan Spends Record $96.5 Billion to Support Yen
Japan spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to support the yen, according...
Bitcoin Breaks Above $80,000 as Investors Seek Shelter From Dollar Weakness
Bitcoin has climbed above $80,000, reaching its highest level in more than three months as a weaker U.S. dollar and growing concerns over...
China Warns It Will Protect Its Rights as U.S. Prepares New Iran Sanctions
China said on Monday it would closely monitor developments and take necessary measures to protect its rights as the United States prepares to...
Iran Vows to Counter U.S. Sanctions as Washington Escalates Economic Pressure
Iranian parliament speaker Mohammed Baqer Qalibaf said on Friday that Tehran must develop strategies to overcome what he called “unjust sanctions,” a day...
U.S. Expands Tax Incentives for Employers Offering Paid Family Leave
The U.S. Treasury Department is set to issue new guidance on Wednesday expanding tax incentives for employers that provide paid family and medical...
US and Japan Join Forces to Support Yen as Markets Eye September BOJ Rate Hike
The United States and Japan have stepped up cooperation to stabilise the Japanese yen following months of preparations, marking a rare public alignment...
White House Adviser Accuses China’s Moonshot AI of Stealing U.S. Artificial Intelligence Technology
A senior White House technology adviser has accused Chinese artificial intelligence startup Moonshot AI of carrying out a "large scale" effort to steal...
