Russian authorities are building a legal and operational framework to convert seized Bitcoin (BTC) into cash for the state treasury, as the country grapples with regulatory uncertainty surrounding cryptoassets.The effort, led by the Federal Bailiff Service (FSSP), follows the confiscation of BTC 1,032 from former investigator Marat Tambiev, valued at…
Japanese trading giant Mitsubishi Corp has unveiled a three-year growth strategy that involves investing at least 4 trillion yen ($27 billion) by the 2027/28 financial year. The company said it is targeting a net profit of 1.2 trillion yen for that period, up from the 700 billion yen it projects…
US President Donald Trump has imposed the steepest American tariffs in a century, targeting over 60 nations in a sweeping trade measure aimed at addressing what he calls unfair trade imbalances. India has been hit with a 26% tariff on its exports to the US, making it one of the…
The Nasdaq 100 index has crashed into a correction as concerns about Donald Trump’s reciprocal tariffs and the artificial intelligence (AI) industries remain. It closed at $19,580 on Wednesday and then plunged by over 600 points in the futures market. This article explains why this crash could be a golden…
Pharmaceutical stocks saw strong gains on Thursday after US President Donald Trump announced that pharmaceuticals would be exempt from the latest round of reciprocal tariffs on global imports. The exemption has provided a much-needed boost to the sector, particularly for Indian and European drugmakers, which rely heavily on US sales.However,…
The BP share price has lagged behind its peer companies in the past few years. Its stock jumped by about 60% in the last five years. In contrast, other oil majors like Chevron, ExxonMobil, ConocoPhilips, TotalEnergies, and Shell have more than doubled, as shown below. This article explains why the…
Rioja, a wine-producing region in Spain, has seen its wine stockpiles grow since the pandemic.Wine producers in the region had hoped to increase exports of their tannic red wines to the US market, but those hopes were fading ahead of President Donald Trump’s tariff announcement, which he referred to as…
The S&P 500 index has plunged this week, and there are signs that the trend will continue in the coming months. One reason for this is that the market anticipates that the US will have a recession.Indeed, Polymarket recession odds have jumped to 53%, the highest level since the platform…
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