US Treasury Secretary defends short-term economic pain for long-term security amid Iran war
US Treasury Secretary Scott Bessent has stated that the economic downturn caused by the ongoing US-Israel conflict with Iran is a necessary sacrifice to prevent the threat of Iranian nuclear strikes on Western capitals.Bessent emphasized that while the global economy faces challenges, the long-term security benefits outweigh the short-term economic costs.The International Monetary Fund (IMF) has warned that the war could push the global economy into recession, with global growth potentially falling below 2% in 2026 if oil, gas, and food prices spike and remain high.Despite these warnings, Bessent expressed confidence that the US and Israeli military actions have reduced... [Continue Reading]
360LiveNews | 14 Apr 2026 19:33 LONDON
Iraqi Parliament Elects Kurdish Politician Nizar Amedi as President
Iraq's parliament has elected Kurdish politician Nizar Amedi as the country's new president, ending a five-month political deadlock following the November 2025 elections.Amedi secured 227 votes in a second round of voting, defeating independent candidate Muthanna Amin Nader, who received 15 votes.The election marks the conclusion of a prolonged period without a functioning government, which had paralyzed political processes in Iraq.Amedi was nominated by the Patriotic Union of Kurdistan (PUK) and becomes the sixth Iraqi head of state since the 2003 US-led invasion that removed Saddam Hussein.Following his election, Amedi pledged to prioritize national unity under the principle of "Iraq... [Continue Reading]
360LiveNews | 11 Apr 2026 21:03 LONDON
