Near Protocol has finally completed its closely watched halving on mainnet, a crucial milestone for the blockchain’s economic evolution.Notably, the move reduces NEAR’s maximum yearly inflation rate by half, from 5% to 2.5%. That significantly reduces the rate at which new NEAR assets enter circulation.Moreover, staking rewards will adjust to…
The United States witnessed a flurry of political, economic, and corporate developments on Thursday. The Trump administration announced a controversial refugee cap prioritizing white South Africans, OpenAI unveiled a new AI-powered cybersecurity tool, China agreed to major agricultural purchases from the US, and Big Tech stocks, led by Meta, weighed…
In his first public remarks since securing a fragile trade truce with the United States, Chinese President Xi Jinping issued a powerful call for global cooperation, warning world leaders against any actions that could fracture critical international supply chains.Speaking at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, Xi’s…
Record quarters from big tech companies like Apple, Microsoft, Alphabet and Amazon are telling a positive story. But the steady run of layoffs tells a completely different one.Investors see strong margins, strong cash generation and big plans for artificial intelligence. Workers inside the same firms see reorganisations, hiring freezes and…
Air India is seeking an urgent financial infusion of at least $1.1 billion from its owners, Tata Sons Pvt. and Singapore Airlines Ltd., as the beleaguered carrier grapples with the severe fallout from a deadly plane crash and a series of operational setbacks that have derailed its turnaround plans.According to…
China’s manufacturing sector slipped further into contraction in October, underscoring the pressure on the world’s second largest economy as weak global demand and renewed trade tensions with Washington weigh on output. The National Bureau of Statistics reported that its official manufacturing purchasing managers’ index (PMI) fell to 49.0 from 49.8…
Three of the world’s most powerful technology billionaires made a surprise appearance at a popular Seoul fried chicken restaurant on Thursday, sharing beer and soju before creating a stir by paying the bill for every diner in the establishment.The casual summit between Nvidia CEO Jensen Huang, Samsung Electronics chairman Lee…
Volkswagen’s premium brand Audi lowered its full-year profitability guidance on Friday for the second time this year, as US import tariffs and costs tied to its electric vehicle (EV) shift continue to pressure margins.The German automaker now expects an operating margin of between 4% and 6%, down from the earlier…
In his first public remarks since securing a fragile trade truce with the United States, Chinese President Xi Jinping issued a powerful call for global cooperation, warning world leaders against any actions that could fracture critical international supply chains.Speaking at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea, Xi’s…
Air India is seeking an urgent financial infusion of at least $1.1 billion from its owners, Tata Sons Pvt. and Singapore Airlines Ltd., as the beleaguered carrier grapples with the severe fallout from a deadly plane crash and a series of operational setbacks that have derailed its turnaround plans.According to…