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Billionaire financier Bessent confirmed as Trump's treasury chief
Billionaire financier Bessent confirmed as Trump's treasury chief
by  AFP

Billionaire hedge fund manager Scott Bessent won Senate approval Monday to become US Treasury secretary, placing him at the forefront of implementing Donald Trump's economic agenda -– which is already triggering global jitters. Mike Crapo, who chairs the Senate Finance Committee, said Monday that Bessent was "committed to restoring the prosperity and opportunity" seen under Trump's leadership.

Silicon Valley rattled by low-cost Chinese AI
Silicon Valley rattled by low-cost Chinese AI
by  AFP

Fears that the AI gold rush could be under threat rocked Wall Street on Monday following the emergence of a ChatGPT-like model from China, triggering predictions of turmoil for Silicon Valley and accusations of cheating.

Lawmakers set to confirm Scott Bessent for US Treasury chief
Lawmakers set to confirm Scott Bessent for US Treasury chief
by  AFP

The US Senate is widely expected to confirm billionaire hedge fund manager Scott Bessent for Treasury secretary Monday, putting him at the forefront of implementing Donald Trump's economic agenda -- which is already sparking global jitters.

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