When evaluating the global environment, the European Central Bank will take into account risks that go beyond trade tariffs, such as security issues and possible
Category: WORLD NEWS
Nvidia-backed CoreWeave to acquire crypto miner Core Scientific in $9 billion all-stock deal
As AI infrastructure companies scramble to obtain power supplies to support their soaring workloads, CoreWeave will purchase cryptocurrency miner Core Scientific in an all-stock deal
Amundi warns that mass uptake of US stablecoins could destabilize the global payments system.
The biggest asset manager in Europe has expressed worries that the surge in dollar-backed stablecoins following the US GENIUS Act may result in a significant
Saudi Aramco is under pressure to sell power assets for billions for domestic investments.
Saudi oil giant Aramco is trying to sell up to five gas-fired power facilities as part of a larger drive to raise money that could
The Bank of England makes a record weekly repo loan of 74 billion pounds.
In its weekly short-term repo operation on Thursday, the Bank of England allocated a record 74.225 billion pounds ($101.32 billion) in seven-day funds, surpassing the
Microsoft plans to fire up to 9,000 workers amid economic uncertainties.
The Seattle Times said on Wednesday that Microsoft is laying off up to 4%, or around 9,100, of its workers in the biggest layoffs since
Global payments processors MasterCard and Visa’s merchant fees infringe competition law, UK tribunal rules.
In the most recent round of the protracted legal battle, a London panel decided on Friday that the default multilateral interchange rates that global payment
‘Pivotal moment’ for global economy, central bankers’ central bank, BIS warns.
In its most recent evaluation of the global economy, the Bank for International Settlements, the umbrella organization for central banks, warned that trade tensions and
Google and Palo Alto raise alarm that the aviation industry may be crippled by “Scattered Spider” breaches.
Concerns about the “Scattered Spider” hacking group’s interest in the aviation industry are being raised by tech firms Google and Palo Alto Networks. On Friday,
Trump-linked World Liberty Financial secures $100m from a UAE fund to fuel DeFi growth.
A United Arab Emirates-based fund has bought $100 million worth of digital tokens issued by World Liberty Financial, the crypto venture of U.S. President Donald Trump‘s family,
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