Iran economy could collapse within months, US Treasury’s Bessent warns
Treasury Secretary Scott Bessent weighs in on the US’s economic pressure campaign at a meeting of G20 finance ministers.

Treasury Secretary Scott Bessent weighs in on the US’s economic pressure campaign at a meeting of G20 finance ministers.









Defence contractors, energy companies and investment banks saw profits soar as war and uncertainty upended markets.
Petrol prices lead the surge with a 33.2 percent price increase on an annual basis.
Greenspan presided over economic turbulence, including crises and booms, during his 18-year tenure as Fed chairman.
Left-wing Senator Jaques Wagner was the latest prominent figure to be swept up in investigations into Banco Master.

CCTV footage released by police shows thieves using a bulldozer to tear an ATM from the front of a bank.
In its projections, the US Fed anticipated that rates will rise a quarter of a percentage point by end of 2026.
Heightened petrol prices led the inflationary pressures, with prices that jumped 5.5 percent in April.
Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.
Trump’s aggressive push for interest rate cuts shaped Powell’s Fed legacy during his tumultuous leadership.
Senate confirms Trump pick Kevin Warsh as Federal Reserve chair amid growing concerns over independence.