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Bitcoin surged past $105,000 following the Federal Reserve’s decision to maintain current interest rates, with Fed Chair Jerome Powell affirming that U.S. banks can serve cryptocurrency clients, provided they effectively manage associated risks. On Thursday, Bitcoin climbed 3%, trading just

Hedge fund Elliott Management has issued a stark warning about the cryptocurrency market, describing it as a speculative bubble that is on the verge of an “inevitable collapse.” In an investor letter first reported by the leading media houses, the

Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in November. Core inflation, which excludes volatile food and energy prices, remained steady at 2.8% for

The euro zone economy stagnated in the fourth quarter of 2024, registering zero growth, according to preliminary data released by Eurostat on Thursday. The figure fell short of economists’ expectations of a 0.1% expansion and followed a stronger-than-anticipated 0.4% growth

British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand. Despite missing analyst expectations, the company raised its shareholder dividend by 4% and launched a

Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export Development Centre, Agroexport. This marks a significant increase from the 68.6 million tonnes exported in

HSBC has announced plans to wind down its mergers and acquisitions (M&A) and equity capital markets businesses in Europe, the UK, and the US, as part of a sweeping overhaul of its global operations. The move reflects a strategic shift

Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs of the UAE, met with Dr. Subrahmanyam Jaishankar, External Affairs Minister of India, in Abu Dhabi on Tuesday to discuss bilateral ties and strategic cooperation. Sheikh

China’s economic activity unexpectedly contracted in January 2025, marking a challenging start to the year for the world’s second-largest economy. Official data from the National Bureau of Statistics revealed that the manufacturing Purchasing Managers’ Index (PMI) fell to 49.1, dipping

The Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting on Jan. 29, signaling a cautious approach as the economy continues to grapple with high inflation and borrowing costs. Despite President Donald Trump’s