The first official US stablecoin law, known as the GENIUS Act, is already facing pushback from major banking groups that argue some provisions could destabilise the traditional financial sector. Passed in July 2024, the legislation was intended to bring clarity to the multibillion-dollar stablecoin industry while securing the country’s leadership…
In a dramatic escalation that threatens to shatter a fragile trade truce, US President Donald Trump has issued a stark ultimatum to Beijing, warning of crippling new tariffs if China restricts its export of a critical and highly strategic resource: rare-earth magnets. The move signals a new and volatile front…
In an unprecedented and explosive assault on the independence of the US central bank, President Donald Trump has declared he is immediately removing Federal Reserve official Lisa Cook from her position. The move, announced in a late-night social media post, represents a dramatic escalation in his long-running war against the…
Papa John’s International is set to make a comeback in India this October, nearly eight years after it shut down operations in the country following years of underperformance. The US pizza chain, the world’s third-largest in the delivery business, plans to open 650 stores nationwide over the next decade, according…
A political shockwave emanating from Washington is set to send European markets tumbling at the open on Tuesday, as investors grapple with an unprecedented assault on the independence of the US Federal Reserve. President Donald Trump’s abrupt firing of a central bank governor has injected a potent dose of instability…
The Federal Reserve is edging closer to another rate cutting cycle. The last time the benchmark interest rate was reduced was in December 2024.After two years of fighting inflation with aggressive hikes, Chair Jerome Powell indicated in Jackson Hole that the “balance of risks” is changing.Inflation risks are still there,…
A stunning late-night edict from the White House has sent a powerful tremor through global markets, as US President Donald Trump abruptly fired Federal Reserve Governor Lisa Cook, amplifying a wave of fear already stoked by his escalating tariff rhetoric. The move, announced in a social media post, was seen…
A day of high drama is unfolding across global markets, as a series of stunning power plays from the White House jolts investor confidence. President Donald Trump has launched an unprecedented assault on the independence of the US central bank and simultaneously unleashed a new wave of aggressive trade threats.…
In a dramatic escalation that threatens to shatter a fragile trade truce, US President Donald Trump has issued a stark ultimatum to Beijing, warning of crippling new tariffs if China restricts its export of a critical and highly strategic resource: rare-earth magnets. The move signals a new and volatile front…
In an unprecedented and explosive assault on the independence of the US central bank, President Donald Trump has declared he is immediately removing Federal Reserve official Lisa Cook from her position. The move, announced in a late-night social media post, represents a dramatic escalation in his long-running war against the…