Browsing: Featured News

U.S. states are ramping up their legislative focus on cryptocurrency, with four states introducing new bills related to digital assets this week alone. This development brings the total number of states considering crypto-related legislation in February to nine, highlighting an

Etihad Airways has announced the launch of a new route connecting Abu Dhabi’s Zayed International Airport (AUH) to Sochi International Airport (AER), further expanding its global network. The airline will operate three weekly flights to Sochi, a key destination on

Global electricity demand is projected to grow at its fastest rate in recent years, increasing by nearly 4% annually through 2027, according to a new report from the International Energy Agency (IEA) released today. The surge in power consumption is

Goldman Sachs has significantly increased its holdings in cryptocurrency exchange-traded funds (ETFs), accumulating over $2 billion in Bitcoin and Ethereum ETF shares, according to recent U.S. Securities and Exchange Commission (SEC) filings. The investment banking giant now holds approximately $1.3

U.S. Treasury yields declined on Thursday despite the release of another inflation report indicating stronger-than-expected price pressures. The 10-year Treasury yield fell by 8 basis points to 4.554%, while the 2-year Treasury yield slipped 4 basis points to 4.321%. Yields

Sony has raised its full-year revenue and profit forecasts following a strong performance in the gaming sector during the December quarter. The Japanese technology giant now expects sales for fiscal year 2024 to reach 13.2 trillion yen ($85.6 billion), reflecting

The European Commission has unveiled its 2025 work programme, emphasizing economic resilience, security, and regulatory simplification. The agenda includes a strategic push to streamline EU regulations and ease administrative burdens while supporting economic competitiveness and strengthening security measures. In its

Germany’s second-largest lender, Commerzbank, announced plans on Thursday to cut 3,900 full-time jobs by 2028 as part of its latest strategic overhaul. The job reductions will primarily affect positions in Germany, although the bank intends to expand staffing in selected

U.S. stocks declined on Wednesday as investors reacted to unexpectedly high U.S. inflation data for January, which dampened expectations of Federal Reserve interest rate cuts. The Dow Jones Industrial Average dropped over 0.8%, while the S&P 500 slipped 0.7% and

Representatives from 61 countries gathered in Paris for the Artificial Intelligence (AI) Action Summit, reaching a consensus on principles for ethical and inclusive AI development. The summit, held on Tuesday, concluded with a joint declaration advocating for AI that is