Tag: news
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Oil rises as uncertainty continues over reopening of Strait
PERTH, Aug 10 : Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other conditions. Brent crude futures rose $1.20, or 1.44 per cent, to $84.79…
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German kidnapped in Niger released — Algeria
Algeria says a German citizen has been released after a “criminal armed group” kidnapped him in Niger two weeks ago.
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Data center firm Switch confidentially files for US IPO, Bloomberg News reports
Aug 7 : Data center firm Switch filed confidentially for a U.S. initial public offering, Bloomberg News reported on Friday, citing people familiar with the matter.Reuters has previously reported, citing sources, that the company could raise up to $10 billion as soon as the fourth quarter at close to a $80 bil
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Brazil tightens crypto transfers to curb fraud
SAO PAULO, Aug 7 : Brazil’s central bank said on Friday that some cryptocurrency transfers will have to be delayed by up to 24 hours under new anti-fraud rules.• The central bank said the move reflects the growing use of virtual assets, including stablecoins, to quickly move money obtained through financial
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Trump says Congress wants to regulate AI industry ‘out of business’
WASHINGTON, Aug 7 : U.S. President Donald Trump said the U.S. Congress wants to regulate the AI industry “out of business,” according to a Punchbowl News interview published on Friday.Trump’s remarks underscore a widening debate in Washington over how aggressively to police a fast-moving AI industry that has
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Ethiopia’s Addis Standard: Editor of top independent news site seized by police, publisher says
Rights groups say this as part of a pattern of targeting news outlets – the government has not commented.
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CATL’s Jianxiawo lithium mine remains closed pending environmental approval, state media reports
BEIJING, Aug 7 : Chinese battery maker CATL’s Jianxiawo lithium mine remains pending environmental approval, state media reported on Friday.• The mine, in the city of Yichun in Jiangxi Province, is also undergoing maintenance, and no ore transportation or crushing is taking place, Shanghai Securities News r
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Philippines Q2 GDP at 2.3% yr/yr, slower than expected
MANILA, Aug 7 : The Philippine economy grew 2.3 per cent in the second quarter from a year earlier, the statistics agency said on Friday, slower than expected.Economists in a Reuters poll had expected second-quarter gross domestic product growth of 2.8 per cent, which would have matched the first-quarter grow
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Argentina: Milei’s property bill triggers protests, anger
Police clashed with protesters in Buenos Aires after thousands rallied against President Javier Milei’s private property bill. The government had already dropped a provision on foreigners buying land in Argentina.
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Trump could net big tax windfall in crypto bill divestiture plan, Bloomberg News reports
Aug 6 : The bipartisan ethics proposal senators have pitched to President Donald Trump to get landmark crypto legislation over the line in Congress could trigger a significant tax benefit for the president, Bloomberg News reported on Thursday.The benefit will include the ability to defer capital gains levies
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