July 8, 2025 - 18:58
U.S. Treasury Secretary Scott Bessent will not attend the upcoming Group of 20 finance ministers and central bank governors meeting scheduled for next week in South Africa. This decision marks the second occasion this year that Bessent has chosen to forgo participation in a G20 gathering in the host nation. According to sources familiar with the situation, an official from the Treasury confirmed that Michael Kaplan, the acting undersecretary for international affairs, will step in to represent the department at the meeting set for July 17-18 in Durban.
Bessent's absence from this meeting follows his decision to skip South Africa's initial G20 finance meeting earlier this year in February, prioritizing attendance at President Donald Trump's first cabinet meeting in Washington instead. The choice to delegate representation at such a significant international forum raises questions about the U.S. commitment to engaging with global economic discussions during a critical time.
July 9, 2025 - 08:46
Majority of Americans Concerned About Financial Impact of TariffsA recent survey reveals that over 80 percent of Americans are apprehensive about the financial implications of tariffs imposed by the current administration. The findings, gathered through a...
July 8, 2025 - 01:18
Trump Announces 25% Tariffs on Japan and South KoreaIn a significant move, former President Donald Trump has declared the imposition of a 25% tariff on imports from Japan and South Korea. This decision marks a new chapter in the ongoing trade...
July 7, 2025 - 04:12
Job Cuts Anticipated to Surge Among Financial FirmsFinancial firms are bracing for a significant increase in job cuts in the coming months, as recent surveys reveal a concerning trend in the industry. Banks, in particular, have reported a sharp...
July 6, 2025 - 21:14
Corporate Shift: Over 200 S&P 500 Companies Remove 'Diversity' and 'Equity' from Annual ReportsIn a significant trend observed in 2025, more than 200 companies listed in the S&P 500 have opted to eliminate terms like `diversity` and `equity` from their annual reports. This move highlights a...