Bessent defends U.S. dollar swap lines as Iran war harms global finances

Secretary of Treasury Scott Bessent testifies during a during a Senate Appropriations Subcommittee on Financial Services and General Government hearing on the Treasury Department’s 2027 budget request in Washington, DC on April 22, 2026. Nathan Posner | Anadolu | Getty Images Treasury Secretary Scott Bessent on Friday defended the possibility of the U.S. participating in…

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Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds

Bitcoin BTC$67,358.71 tends to outperform traditional safe haven assets like gold in the two months following major global crises, according to new analysis from Brazilian crypto exchange Mercado Bitcoin. The study, led by Rony Szuster, head of research at the Latin American crypto platform, examined 60-day windows after economic or geopolitical shocks such as the…

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Jewellery sector recovers: Exports up nearly 20% in November; GJEPC says demand returning in China, Hong Kong, Middle East

India’s gems and jewellery exports rose nearly 20 per cent year-on-year to $2.5 billion in November, buoyed by higher shipments of cut and polished diamonds, studded gold jewellery and silver items, according to provisional data released by the Gem and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports stood at $2.1 billion in November last year….

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Evening news wrap: 11 killed in Sydney’s Bondi Beach shooting; BJP appoints Nitin Nabin as national working president and more | India News

NEW DELHI: Two gunmen opened fire at Sydney’s Bondi Beach which killed at least 11 people, prompting a major police and emergency response; one shooter is reported dead as well and the other critical, with multiple injured receiving treatment. Back home, the BJP appointed Nitin Nabin as its national working president, replacing JP Nadda. Meanwhile,…

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