US Treasury Secretary defends stablecoins to boost dollar power

US Treasury Secretary defends stablecoins to boost dollar power

US Treasury Secretary Scott Bessent has defended proposed legislation regulating stablecoins, arguing that dollar-backed digital assets could strengthen the global dominance of the US dollar and create new sources of funding for the US government. 17 days ago
India and Pakistan economies reflect contrasting pictures of growth, poverty

India and Pakistan economies reflect contrasting pictures of growth, poverty

A new report underscores the sharp contrast between India and Pakistan's post-Covid economic paths. While Pakistan's brief 6 per cent growth rebound in 2022 faded, with IMF projecting just 0.5 per cent growth in 2023, India sustained over 6 per cent growth and emerged as the world's fastest-growing major economy. 18 days ago