Betting platforms like Polymarket and Kalshi have surged into the limelight, reporting millions in bets placed on the upcoming presidential elections. Many are left wondering what caused this surge in election betting platforms. On the popular platform Polymarket, Donald Trump’s odds have soared in just a couple weeks, with the…
Argentina’s tax amnesty program, launched by President Javier Milei, has successfully attracted about $18 billion back into local banks. This initiative encourages residents to deposit foreign currency they had kept outside the formal banking system, whether in cash at home, safe deposit boxes, or accounts abroad. This influx is especially…
Renouncing US citizenship is on the rise, driven by tax burdens, bureaucratic hurdles, and unique challenges for “accidental Americans.” As recent data shows, nearly 6,000 Americans gave up their citizenship in the first half of 2020, marking a sharp increase. This trend highlights the complicated tax policies and legal requirements…
The legal conflict between Rusal, one of the world’s largest aluminium producers, and Nornickel’s CEO, Vladimir Potanin, is escalating with fresh claims filed in London. Rusal’s new claims against Nornickel’s Potanin Rusal’s grievances focus on Nornickel’s governance and Potanin’s control over decision-making, specifically targeting the digital assets platform Atomyze and…
This week in LATAM’s cryptocurrency landscape, Brazil continues to see an increase in cryptocurrency activity, with imports of digital assets reaching USD 1.4 billion in September, as Argentina moves forward on plans to regulate tokens. Argentina to regulate the tokenization of real world-assets The Argentine Fintech Chamber, in collaboration with…
The Organization of the Petroleum Exporting Countries and allies are in a dilemma with its decision to increase oil output from December. OPEC+ and Saudi Arabia are scheduled to increase production by 180,000 barrels per day from December as part of a plan to reverse some of its voluntary production…
As the 2024 US presidential election approaches, investors and market analysts are keenly assessing potential outcomes for India’s IT sector. With US-India trade relations closely tied to American policy, especially in the tech space, Indian IT giants like TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra could see major impacts…
US crude oil inventories fell unexpectedly by 500,000 barrels in the week ended October 25, according to data from the Energy Information Administration (EIA). Oil inventories stood at 425.5 million barrels in the US, and were about 4% below the five year average for this time of the year. Analysts…
OpenAI has taken a significant step in its competition with search engine giants like Google, Microsoft’s Bing, and others by launching a new search feature within its popular ChatGPT chatbot. This move, announced on Thursday, positions the San Francisco-based AI startup to directly challenge Google’s longstanding dominance in online search.…
The US labour market saw its slowest job growth since late 2020, with only 12,000 jobs added in October due to disruptions from storms in the Southeast and an ongoing strike at Boeing. This monthly gain fell significantly below Dow Jones’s forecast of 100,000, marking a sharp drop from September’s…