China loosened its grip on the yuan by setting the daily reference rate past the closely watched 7.20 per dollar mark, as the escalating trade war with the United States forces Beijing into difficult policy decisions.The yuan, which is tightly controlled by the People’s Bank of China, dropped to 7.3363 to the dollar, the…
The crypto world has been burned by meme coin hype cycles — flashy launches, sky-high surges, and inevitable crashes.Against this backdrop, USD1, the stablecoin launched by World Liberty Financial, a decentralised finance venture backed by President Donald Trump and his family, is set to enter an increasingly crowded market.This has led experts…
As former President Donald Trump unleashes a sweeping new round of tariffs on major manufacturing rivals, Mexico is finding itself in a favourable position. While China and Vietnam face punishing levies, Mexico, largely spared from the harshest measures, is poised to strengthen its standing as a key supplier to the…
China has issued a stern warning to the United States, condemning threats to escalate tariffs and pledging to retaliate if Washington follows through. This uncompromising stance intensifies the ongoing trade war between the world’s two largest economies, dimming hopes for a swift resolution.“The US threat to escalate tariffs on China…
Bankruptcy filings in Japan reached a concerning 11-year high in fiscal 2024, totaling 10,144, according to a report released Tuesday by credit research firm Tokyo Shoko Research (TSR). The surge in bankruptcies comes amid growing uncertainty surrounding the Bank of Japan’s (BOJ) interest rate hike schedule, adding to the economic…
Amid growing uncertainty surrounding US–Ukraine relations, a steadfast commitment to the war-torn nation remains in the form of informal ties forged over three years of conflict with Russia.Leading this charge is Howard G. Buffett, a Republican philanthropist and son of legendary investor Warren Buffett, who is making his 18th visit…
Levi Strauss & Co (NYSE: LEVI) shares are gaining after the jeans company said it was leaving its guidance unchanged for the full year. But there’s a caveat: its outlook includes “no impact from the proposed tariffs”, which could be a major red flag that warrants pulling out Levi’s stock…
China loosened its grip on the yuan by setting the daily reference rate past the closely watched 7.20 per dollar mark, as the escalating trade war with the United States forces Beijing into difficult policy decisions.The yuan, which is tightly controlled by the People’s Bank of China, dropped to 7.3363 to the dollar, the…
European equity markets experienced a welcome respite on Tuesday, opening higher after a four-day losing streak had battered investor sentiment worldwide. The gains, however, come with a strong dose of caution, as the ongoing global tariff dispute and uncertainty surrounding US President Donald Trump’s next move continue to weigh heavily…
Nigerian authorities have postponed legal proceedings against Binance as tensions persist over the crypto exchange’s role in the country’s economic troubles.According to a recent report, a court in Nigeria has pushed back the tax evasion case to April 30. The delay gives the Federal Inland Revenue Service (FIRS) more time to…