XRP is hovering at a critical price point after falling 2.51% to $2.14, reflecting growing unease across the crypto market. The drop comes amid a steep market-wide pullback on June 6 that erased nearly 5% from the total capitalisation of digital assets.Source: CoinMarketCap Fuelled by an escalating political standoff between…
China’s export growth is anticipated to have moderated in May, even as a temporary reduction in US tariffs on Chinese goods offered some respite. Persistent uncertainties stemming from the still-unresolved trade war with the United States and broader concerns about Sino-US relations are believed to have weighed on shipment volumes,…
The FTSE 100 Index has been in a strong bull run this year and is now hovering near its all-time high of £8,900. It has jumped by over 16% from its lowest point in April when global stocks plunged because of Donald Trump’s tariffs. This article highlights some of the…
Asian equity markets closed mixed on Friday in a subdued trading session, with investors weighing the latest developments in US-China relations and bracing for key economic data from the US later in the day.A phone call between US President Donald Trump and Chinese President Xi Jinping helped ease some concerns…
Elon Musk’s Starlink has been granted a Global Mobile Personal Communication by Satellite (GMPCS) licence by India’s Department of Telecommunications (DoT), becoming the third satellite communications provider to receive such clearance after Eutelsat’s OneWeb and Reliance Jio, according to multiple media reports.The approval follows Starlink’s compliance with all security conditions…
US President Donald Trump and Tesla CEO Elon Musk’s spat intensified on Thursday as Trump suggested slashing the federal government contracts and subsidies given to Musk’s companies, Tesla and SpaceX.The discord stems from Musk’s scathing criticism of the new Republican tax bill, prompting a pointed retort from President Trump.Cutting federal…
President Donald Trump’s ambitious tax and spending bill, a cornerstone of his administration’s economic agenda, is facing a wave of skepticism and concern from prominent economists and even former allies like Elon Musk. As the legislation, which narrowly passed the House in May, heads to the Senate, its potential to…
Gold prices rose on Friday as weak economic data from the US increased safe-haven demand among investors. Prices were also set for a weekly increase. Investors are also waiting for the release of the US nonfarm payrolls (NFP) data later in the day. At the time of writing, the most-active gold contract…
The public unravelling of the alliance between Donald Trump and Elon Musk — once seen as one of the most powerful relationships in American business and politics — has rapidly turned into a high-stakes standoff with far-reaching consequences.In a dramatic turn Thursday, Trump threatened to cancel federal contracts with Musk’s…
The Reserve Bank of India on Friday lowered its key repo rate by 50 basis points, a larger-than-expected move that reflects growing concerns over global economic uncertainty and slowing momentum. At the same time, the central bank altered its policy stance from ‘accommodative’ to ‘neutral’, indicating reduced scope for further…