5 days ago
Importance of G20 is a little bit diminished, Pictet Research Head Says
"It's no surprise that the time of intense negotiations around trade deals with the rest of the world, the US would not want to be part of this gathering," says Maria Vassalou, Head of Pictet Research Institute at Pictet Group on absence of US Treasury Secretary Scott Bessent from the G20 meeting in South Africa. She adds: "What we are seeing is the emergence of a bipolar world where on one side you have the US and the G7, and on the other side you have China with the BRICs." Vassalou speaks to Anna Edwards and Lizzy Burden on 'Bloomberg: The Opening Trade'. (Source: Bloomberg)
