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Pakistan Announces Strategic Bitcoin Reserve Plans Amid Growing Crypto Interest
Pakistan has unveiled plans to set-up a strategic BTC reserve and join El Salvador and Bhutan. What's the end goal?
Nonalcoholic Beer Set to Surpass Ale in Global Market
Nonalcoholic beer is on track to overtake ale as the second-largest beer category by volume worldwide this year, according to a new projections from industry tracker IWSR.
Haribo Issues Recall of Sweet Treats in the Netherlands Due to Cannabis Contamination
The confectionary company says it is working with the police after several people report feeling ill.
Filipino Fast-Food Giant Jollibee Set to Launch in Australia
After years of whispers and serious fan demand, Asia 's biggest 'ChickenJoy' chain is rumoured to be headed straight for Sydney.
Hailey Bieber's Rhode Beauty Acquired by E.l.f. in a Groundbreaking $1 Billion Deal
E.l.f. Beauty acquires Hailey Bieber's Rhode skin care brand in a $1 billion deal, aiming for international expansion.
Toronto Woman Faces $7,200 Charge After Pizza Order Mix-Up
A simple pizza order became a financial nightmare for a Toronto woman, whose $72 order was turned into a $7,200 charge by Domino’s.
Telegram Partners with Elon Musk's xAI to Launch Grok Chatbot
Telegram CEO Pavel Durov on Wednesday said Elon Musk's AI company, xAI, is investing $300 million worth of cash and equity in the chat app.
Ultra-Wealthy Investors Flock to Singapore for Gold Storage Amid Economic Uncertainty
The ultra-wealthy are increasingly moving their gold offshore as economic uncertainty roils markets — and Singapore is emerging as a favored destination.
Tripadvisor Reports Rise in Fake Reviews Amid Increased Scrutiny
Around 8% of the 31.1 million reviews submitted to Tripadvisor in 2024 were fake. That's twice the number detected in 2022, according to a company report.
Supreme Court to Decide on Potential Miscarriages of Justice in Interest Rate Rigging Cases
Tom Hayes and Carlo Palombo were among 37 City traders prosecuted for "manipulating" interest rate benchmarks.
Impending Supply Chain Crisis Threatens Europe's Electric Vehicle Industry Amid U.S.-China Trade Tensions
A critical shortage of rare earth materials could hit Europe’s electric car production in just a few weeks. New export rules from China are already disrupting supply chains. Behind the scenes, the auto industry is bracing for impact.
Rising Threats: Crypto Billionaires Targeted by Kidnappers in Europe
The attempted kidnapping of Australian tech billionaire Tim Heath has shed light on a troubling trend, as criminals turn to crypto-based ransom schemes in an increasingly digital world.
Trump's Tariff Threats Shake Global Markets and Elicit Concern
Hopes for easing trade tensions under Donald Trump were dashed as he threatened new tariffs on the EU and smartphones, causing market instability. Despite some progress with the UK and potential deals with India, Trump asserted his aggressive trade strategy, leaving business leaders wary of ongoing uncertainty.
Wall Street Dips as Trump's Trade War Escalates with New Tariff Threats
NEW YORK: Stock markets dropped Friday (May 23) after US President Donald Trump ended a lull in his trade war with threats of massive tariffs on Apple products and imports from the European Union. Wall
US Treasury Bonds Face New Risks Amid Trump's Tax Plan
US 10-year Treasury bonds have long been considered "risk-free" — until now. That's put the usually circumspect Reserve Bank of Australia "on alert" for a potentially "cataclysmic" economic event.
Taoiseach Calls Trump's Proposed Tariffs 'Enormously Disappointing'
US president Donald Trump has said he will recommend a “straight 50pc tariff on the European Union” from June 1.
Trump's Threat of 50% Tariffs on EU Imports Sparks Market Concerns
Donald Trump has threatened to impose 50% tariffs on the EU, starting from next month, after saying that trade talks with Brussels were "going nowhere".
Bitcoin Surges to Over $111,000 Amid Regulatory Optimism and Institutional Interest
Bitcoin continued its rally on Thursday, hitting a brand new record high above $111,000.
Beijing Responds Strongly to US Warnings on AI Chips
Nvidia CEO Jensen Huang said US export controls on AI chips to China were "a failure".
Ray Dalio Raises Alarm Over U.S. Credit Rating Downgrade by Moody's
Moody's cut the U.S. credit rating one notch to Aa1 from Aaa due to the federal government's ballooning budget deficit and soaring interest payments.
Severe Air Traffic Control Breakdown Causes Chaos at Paris-Orly Airport
ORLY, France: An air traffic control breakdown at Paris-Orly airport caused the cancellation and delay of hundreds of flights and the aviation authority said the chaos would extend into Monday (May 19). The breakdown hit on Sunday and has affected thousands of passengers with some already sat in plane
IMF Enforces New Conditions for Pakistan's Financial Stability
International Business News: The IMF has imposed 11 new conditions on Pakistan's bailout program, raising the total to 50, and cautioned that escalating tensions with India could
Apple's AI Aspirations Hit Roadblock Amid US-China Tensions
The Trump administration and congressional officials have raised concerns about a deal to put a Chinese company’s artificial intelligence on iPhones.
Moody’s Downgrades US Sovereign Credit Rating Amid Rising Debt Concerns
Moody's said the fiscal proposals under consideration were unlikely to lead to a sustained, multi-year reduction in deficits, and it estimated the federal debt burden would rise to about 134% of GDP by 2035, compared with 98% in 2024.
United States Credit Rating Faces Downgrade Amid Rising Debt Concerns
Now all three major credit rating firms no longer give the United States their best rating.
Moody's Downgrades US Credit Rating, Signaling Concerns Over Growing Debt
Moody’s cited rising debt saying US had repeatedly failed to end the trend of large annual fiscal deficits and interest.
U.S. Credit Rating Downgraded by Moody's Amid Rising Debt Concerns
Moody's lowered its rating on U.S. debt from Aaa to Aa1, pointing to sustained increase in federal debt and interest payments.
Groundbreaking Gene-Editing Therapy Successfully Administered to Baby in the US
Gene-editing breakthrough has potential to treat array of devastating genetic diseases soon after birth, scientists say
Global Electric Vehicle Sales Projected to Exceed 40% Market Share by 2030, IEA Report Reveals
More than one in four cars sold worldwide this year is set to be electric as EV sales continue to grow - News from the International Energy Agency
Energy Australia Faces Landmark Legal Action Over Greenwashing Allegations
Climate group alleges energy giant misled 400,000 customers about ‘Go Neutral’ product, arguing that carbon offsets don’t actually remove emissions
Putin Faces Intensifying Economic Crisis as Central Bank Holds Interest Rates High
The current rate is at its highest level in 20 years and is imposing immense financial strains on companies across the country.
U.S. and China Reach Significant Tariff Agreement Amid Ongoing Trade Tensions
U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
Key Issues on the Table in US-China Trade Talks
It is a major de-escalation in the tariff war and comes after talks between both countries in Geneva.
Karachi Stock Exchange Experiences Trading Halt Amid Surge and Diplomatic Developments
Monday's move comes after India and Pakistan agreed to halt all military action from 5 PM on the evening of Saturday, May 10, and the International Monetary Fund (IMF) approved two financing decisions for the country, disbursing around $2.4 billion under its economic reform and climate resilience programmes.
Concerns Mount for Apple and Google as AI Search Gains Traction
Google’s shares fell 8% when an Apple exe said searches originating from Google’s search engine in Apple’s Safari browser fell.
IMF Approves $2.4 Billion Financing for Pakistan Amidst Ongoing Economic Challenges
During the IMF meeting, India raised concerns about the effectiveness of IMF programmes in Pakistan, citing its poor track record and the potential misuse of debt financing for state-sponsored cross-border terrorism, according to a statement from the Ministry of Finance following the May 9 meeting.
Australia's Beef Exports Hit Record Levels Amid Changing Global Dynamics
Despite global uncertainty, tariffs, Trump and trade wars, demand for Australian beef is breaking records.
New Fixed Energy Deals Offer Savings Amidst High Bills in Great Britain
Supplier says deal is its cheapest fixed tariff since 2021 amid ongoing volatility in the gas and electricity market
Bill Gates Commits $200 Billion to Charity by 2045, Criticizes Elon Musk Over U.S. Aid Cuts
Bill Gates pledged on Thursday to give away $200 billion US via his charitable foundation by 2045 and lashed out at Elon Musk, accusing the world's richest man of "killing the world's poorest children" through huge cuts to the U.S. foreign aid budget.