Tag: fast
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Falling energy prices won’t defuse rising risk of civil unrest in emerging markets
(Refiles story to fix format, no change to text)By Colleen GokoJOHANNESBURG, June 26 : A drop in oil prices after a fragile U.S.-Iran truce has helped ease immediate inflationary pressure in many emerging markets, but cheaper oil alone will not defuse the threat of civil unrest as the damage to househ
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Prediction market platform Polymarket tops $1 billion in annualized revenue, source says
June 26 : Polymarket’s annualized revenue has surpassed $1 billion, a source familiar with the matter told Reuters on Friday, highlighting the rapid rise of prediction markets as retail investors flock to trade on everything from elections and sports to financial events. Here are some details: • Pr
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Antonelli leads Mercedes one-two in first Austrian GP practice
SPIELBERG, Austria, June 26 : Formula One championship leader Kimi Antonelli was fastest in first practice for the Austrian Grand Prix on Friday, with Mercedes teammate George Russell a close second (+0.040) as rivals suffered reliability issues.McLaren’s Oscar Piastri set the third-quickest time, 0.117 slowe
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Germany loss is timely warning ahead of World Cup knockout stage
BOSTON, Massachusetts, June 26 : Germany may not be too worried by their 2-1 loss to Ecuador on Thursday as they had secured top spot in Group E beforehand, but it was a timely wake-up call ahead of the World Cup knockout stage for the four-time world champions.Germany made it out of their group for…
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Swatch seeks $170 million in damages from Samsung over trademark infringement
June 26 : Swiss watchmaker Swatch is seeking $170 million in damages from Samsung in what it says is the largest-ever trademark case of its kind in the UK, accusing the South Korean electronics group of allowing digital replicas of Swatch timepieces on its smartwatches, court documents show.A ruling on damage
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Spain markets watchdog rules out extension for EU crypto licence deadline
MADRID, June 26 : Spain’s market watchdog will grant no extensions or waivers to crypto firms that fail to secure licences under the EU’s landmark MiCA regime, its chair Carlos San Basilio said on Friday, when asked about major platforms, including Binance, which do not have licences.• Crypto companies have
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New Zealand reach 418-7 at lunch as England fight back
June 26 : England continued to fight back on day two of the deciding third test against New Zealand at a scorching Trent Bridge, with returning captain Ben Stokes taking three wickets before lunch to leave the visitors on 418-7.• New Zealand dominated day one with openers Tom Latham and Devon Conway sharing
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Resilient dollar slips, markets still wary of yen intervention risk
LONDON, June 26 : The dollar slipped against most other major currencies on Friday as Federal Reserve rate hike bets were tempered a touch by the latest economic data and falling oil prices, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to
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Financial regulators scramble to counter AI rise with own tools
ZURICH, June 26 : Banks and financial sector watchdogs must move quickly to adopt new technology to plug system vulnerabilities as AI supercharges cybersecurity risks, a top Swiss financial regulator said in an interview. Here are a few details: • Marlene Amstad, president of Swiss market regulator
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Isak scolds Elanga for confusion over Sweden’s second round qualification
June 26 : Anthony Elanga’s equaliser helped Sweden qualify for the World Cup’s round of 32 following a 1-1 draw with Japan, but while his teammates were celebrating the result, the striker collapsed on the ground in frustration thinking they had not qualified.Sweden finished a point below second-placed Japan
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