RBI Warns Of Global Financial Risks As Crypto Assets, Stablecoins Surge
The RBI warned that digital asset integration with financial systems could amplify monetary, fiscal, and systemic risks.
Jan 01, 2025 8:43 PM EST
Russia Strengthens AI Alliance With China Amid Western Sanctions
The move is part of a broader effort to align with non-Western nations, particularly in critical technology sectors, to reduce dependence on Western resources.
Warner Bros. Discovery Board Members Li Haslett and Chen Resign Amid Company Restructuring
Li Haslett and Chen have resigned from Warner Bros. Discovery's board, signaling leadership changes amid ongoing company restructuring efforts.
Tesla Ordered to Fix Software Issue in China-Made Vehicles
Chinese regulators have instructed Tesla to address a software issue in its China-made vehicles, requiring an over-the-air update.
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Beijing Unveils Plans to Boost Driverless Vehicle Use
Beijing plans to expand driverless vehicle trials, aiming for a network of autonomous taxis and buses by 2025.
Dec 31, 2024 4:58 AM EST
German Air Taxi Startup Volocopter Files for Insolvency Amid Industry Challenges
Volocopter, a German air taxi startup, files for insolvency, highlighting challenges in securing funding and regulatory approval in urban air mobility.
Dec 31, 2024 4:46 AM EST
U.S. Government Launches Enforcement Action Against Fintech App Dave and CEO
The U.S. DOJ sues fintech app Dave and CEO for misleading practices, highlighting growing regulatory scrutiny on the fintech sector.
Dec 31, 2024 4:35 AM EST
Geox Unveils €125 Million Investment Plan to Accelerate Growth
Geox unveils a €125 million, five-year plan focused on innovation, sustainability, digital transformation, and global expansion to drive growth.
Dec 31, 2024 4:19 AM EST
U.S. Treasury Cyberattack Attributed to Chinese Hackers
A cyberattack targeting the U.S. Treasury Department, allegedly linked to Chinese hackers, exposed vulnerabilities in federal systems.
Dec 31, 2024 4:09 AM EST
China Pushes for Homegrown Chips in Electric Vehicles Amid Global Competition
China accelerates efforts to integrate domestic chips in electric vehicles, aiming for tech self-reliance despite global competition and challenges.
Dec 31, 2024 3:52 AM EST
Global Markets Expected to Grow in 2025 Despite Trade War Concerns
Global markets are poised for steady growth in 2025, driven by technological innovation and emerging market investment. Despite trade war fears under the Trump administration, analysts highlight opportunities in renewable energy and infrastructure. Potential risks, including inflation and geopolitical tensions, remain, but resilient consumer spending and corporate earnings are expected to support economic expansion.
Dec 31, 2024 3:22 AM EST
Gold Prices Dip as Market Eyes Economic Data and Incoming Trump Administration
Gold prices edged lower on December 30, 2024, amid thin holiday trading. Investors are closely watching upcoming U.S. economic data and potential policy shifts under the incoming Trump administration for market direction.
Dec 30, 2024 3:17 PM EST
U.S. Pending Home Sales Reach 21-Month High in November Amid Rising Inventory
Pending home sales in the U.S. surged to a 21-month high in November, marking the fourth consecutive month of increases. The rise is driven by higher inventory and buyers adapting to elevated mortgage rates.
Dec 30, 2024 3:13 PM EST
Nvidia Completes $700 Million Acquisition of AI Firm Run:ai Despite Regulatory Scrutiny
Nvidia has finalized its $700 million acquisition of AI company Run:ai, after overcoming regulatory hurdles in both the U.S. and Europe. The deal strengthens Nvidia's AI infrastructure and software capabilities, positioning it for continued leadership in the industry.
Dec 30, 2024 3:07 PM EST
David Beckham Earns £28 Million in Dividends from His Personal Brand Empire
David Beckham's personal brand continues to thrive, with the football icon earning £28 million in dividends in the past three years. His strategic partnerships with luxury brands and his sale of a 55% stake to Authentic Brands have bolstered his financial success.
Dec 30, 2024 2:59 PM EST
German Government Accuses Elon Musk of Attempting to Influence 2024 Election
Elon Musk's public support for Germany's far-right AfD party has sparked controversy, with the German government accusing the billionaire of trying to influence the upcoming federal election.
Dec 30, 2024 2:51 PM EST
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