News
Stay up-to-date with the latest developments in the world of finance and crypto. Our News section brings you timely updates, market trends, regulatory changes, major partnerships, and breaking stories that impact the global financial landscape. Whether you’re a seasoned investor or just getting started, this is your trusted source for staying informed.
In a noteworthy turn of events during the ongoing US–China trade and export-control discussions in London, Huawei founder Ren Zhengfei made candid remarks downplaying his company’s semiconductor prowess. Navigating Heightened US–China Tech Tensions During a front-page interview in China’s People’s Daily, Ren emphasized that Huawei’s single-chip architecture still lags one generation behind U.S. rivals, explicitly…
1. Background: Rising Concerns Over Chinese Hardwood Plywood In recent months, the European Union has ramped up trade-defence measures against Chinese hardwood plywood imports. These actions stem from long-standing worries among European producers that Chinese manufacturers are undercutting them with exceptionally low-priced, subsidized plywood—possibly even using illegally sourced Russian timber to bypass EU restrictions. The…
Over the past 24 hours, Ether (ETH) surged approximately 7%, a sharp rebound fueled by Bitcoin’s rally above the $109,000–$110,000 range. Bitcoin’s steady climb past $109,000 created an optimistic tone across the crypto market, lifting Ethereum as a leading altcoin. This rise also injected renewed investor confidence, evidenced by a 3–4% increase in broad crypto…
✍️ Overview The European Commission plans to unveil its 18th package of sanctions targeting Russia amid mounting calls to pressure President Putin into ceasing hostilities in Ukraine. Central to this new round: The updates follow persistent lobbying by Baltic states and Ukraine, emphasizing energy chokeholds, banking restrictions, shadow fleet designations, and infrastructure cut-offs. Why Now?…
Top-level US officials describe the current round of trade negotiations underway in London as “going well,” signaling cautious optimism from both sides in a high-stakes economic diplomacy effort aimed at easing long-standing tensions. 🔍 1. Background & Why It Matters After a preliminary agreement in Geneva last month, where both nations tentatively eased hefty tariffs…
Post Content:The world’s largest sovereign wealth fund, Norway’s $1.9 trillion oil fund, has called for swift and ambitious reform of Europe’s capital markets. 📉 Over the past decade, the fund’s allocation to European equities has dropped from 26% to just 15%, while its exposure to U.S. equities has increased to 40%. 🇪🇺 The fund argues…
June 9, 2025 – A fresh wave of bullish momentum is rippling through the Bitcoin options market in advance of the latest U.S. CPI release. According to CoinDesk’s morning briefing, traders have been stacking calls, signaling growing optimism for near‑term upside. Over the weekend, Bitcoin briefly reclaimed levels above $107,600 before settling near $106,600—a ~1.2% gain in…
June 9, 2025 – Turnkey, a crypto wallet infrastructure startup co-founded by former Coinbase engineers Bryce Ferguson and Jack Kearney, has secured $30 million in Series B funding. Led by Bain Capital Crypto, the round also saw participation from Lightspeed Faction and Galaxy Ventures, marking a strong vote of confidence in the company’s API-driven wallet…
Warner Bros Discovery (WBD) announced today it will separate into two publicly traded companies by mid‑2026: The move aims to sharpen strategic focus, increase flexibility, and maximize shareholder value—mirroring similar industry trends by Comcast and others. The split requires board approval and comes after WBD’s cable revenue declined and debt concerns grew—though shares jumped ~9–10% in…
Former Australian Prime Minister Kevin Rudd has cautioned that President Donald Trump’s signature dealmaking approach may not effectively influence Chinese President Xi Jinping. Rudd, drawing from his extensive diplomatic experience, emphasized that Trump’s preference for high-stakes, off-the-cuff negotiations could clash with Xi’s methodical and consensus-driven style. He noted that Chinese leaders prioritize stability and face-saving…
