US Treasury Secretary Scott Bessent has claimed that several Gulf allies have requested currency swap arrangements. He made the statement during a hearing before the US Senate, according to American media reports. The remarks highlight growing financial coordination between the United States and its regional partners. Bessent said that the United Arab Emirates is among […]
Global financial markets
Trump stands firm on tariffs amid global market turmoil
President Donald Trump defended his extensive global tariffs on Sunday, calling them necessary “medicine” for correcting trade imbalances. He made these remarks while on Air Force One, dismissing concerns about a potential recession and ongoing market instability. “Sometimes you have to take medicine to fix something,” he stated confidently. Global financial markets reacted negatively over […]