Bank of England Defends Tough Stablecoin Rules, Warns of Credit Crunch Risk
Key Points Bank of England Deputy Governor Sarah Breeden warned on Tuesday that weakening the rules governing stablecoins could put financial stability at risk and
Key Points Bank of England Deputy Governor Sarah Breeden warned on Tuesday that weakening the rules governing stablecoins could put financial stability at risk and
Key Points SoFi announced on Tuesday that it will begin offering crypto trading to its customers, making it the first U.S. bank to do so.
Key Points Microsoft announced on Tuesday that it plans to invest $10 billion in artificial intelligence infrastructure at a data center in the Portuguese port
Key Points A German court ruled in favor of the country’s music rights society, GEMA, on Tuesday in a major copyright case against the U.S.
Key Points Japan’s SoftBank Group reported on Tuesday that its net profit more than doubled in the second quarter. The impressive results were driven by
Key Points Researchers have discovered a new way that cells line up their chromosomes during cell division, and it could lead to a promising new
Key Points The Senate released and quickly advanced a new bill on Sunday to end the government shutdown, offering the clearest sign yet that the
Key Points Visa and Mastercard have finally reached a deal with retailers to lower the fees merchants pay when customers use credit cards. This settlement
Key Points Brazil’s central bank released its long-awaited rules for trading virtual assets, such as cryptocurrencies, on Monday. The new regulations will apply existing anti-money
Key Points Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest chipmaker, reported slower growth in its monthly revenue, creating some uncertainty about how long the
Key Points As companies that stockpile bitcoin and other major cryptocurrencies face pressure from a saturated market and declining sentiment, new players are entering less
Key Points Thailand’s Board of Investment announced on Monday that it has approved four new data center projects, totaling $3.1 billion in investment. The board
Key Points China’s consumer prices rose unexpectedly in October, boosted by holiday spending on travel, food, and transport. The consumer price index (CPI) increased by
Key Points Blue Origin has pushed back the second flight of its New Glenn rocket. The launch, which was scheduled for Sunday afternoon, was supposed
Key Points Tim Davie, the Director-General of the British Broadcasting Corporation (BBC), is resigning from his post. His departure comes amid a storm of allegations
Key Points Consumer confidence fell to a three-year low on Friday, partly due to worries about the ongoing government shutdown. A Trump adviser admitted that
Key Points Bulgaria is racing against the clock to prevent its only oil refinery from shutting down before U.S. sanctions on its Russian owner, Lukoil,
Key Points A South Korean solar company is temporarily cutting pay and work hours for about 1,000 of its 3,000 employees in Georgia. The company,
Key Points Meta Platforms announced on Friday that it will invest a staggering $600 billion in U.S. infrastructure and jobs over the next three years.
Key Pints Oil prices rose on Friday, trimming a weekly loss as the market tried to balance the threat of supply disruptions from sanctions on
Key Points In just over a month, the cryptocurrency market has lost almost all of the gains it made this year. At its peak on
Key Points The Chinese artificial intelligence (AI) developer DeepSeek made a rare public appearance this week, nearly a year after it became a global sensation.
Key Points The Dutch government is reportedly prepared to cancel an order that gave it the power to block or change major corporate decisions at
Key Points Scientists are working on computers that use light rather than electricity for storage and computation. These “light-based” computers could be faster and more
Key Points Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk the world’s first trillionaire. Musk is already the richest
Key Points Elon Musk’s Starlink, a part of SpaceX, has landed its largest direct-to-cell deal yet with the telecoms group Veon. The agreement gives Starlink
Key Points U.S. stocks moved in a tight range on Thursday as investors processed another batch of corporate earnings and kept a close eye on
Key Points Tesla shareholders are set to decide on Thursday whether to approve the richest executive pay package in history for CEO Elon Musk, a
Key Points Bank of America CEO Brian Moynihan promised that the nation’s second-largest bank will deliver higher profits in the coming years, speaking at its
Key Points Google is planning to build a large artificial intelligence data center on Australia’s remote Christmas Island, located in the Indian Ocean. This move
Key Points A new method is set to dramatically improve single-cell genetic sequencing, enabling scientists to read the genomes of individual cells and viruses faster,
Key Points Snap beat its third-quarter revenue estimates on Wednesday and announced a new partnership with Perplexity AI. The deal will integrate Perplexity’s artificial intelligence-powered
Key Points Apple is reportedly planning to use a massive 1.2 trillion-parameter artificial intelligence model developed by Google to power a significant overhaul of its
Key Points On the streets of Rio de Janeiro, a new trend is hard to miss: electric vehicles from Chinese brands like BYD and Great
Key Points The head of the World Economic Forum warned on Wednesday that the world should watch out for three potential bubbles in financial markets:
Key Points The U.S. Supreme Court is scheduled to meet on Wednesday to decide on the legality of President Trump’s global tariffs. Many experts see