Browsing: Business

In a continuing decline that began earlier this month, Bitcoin’s value plummeted to as low as $60,666.30, marking its weakest performance in over a month. As of Monday, the premier digital currency settled at $61,211.00, down more than 4%, according to data

Standard Chartered Plc is poised to introduce a trading desk for Bitcoin and Ether, marking its entry into the direct trading of cryptocurrencies, according to sources familiar with the plans. This strategic move positions Standard Chartered among the pioneering major global banks to offer

At the recent G7 Outreach Summit in Apulia, Italy, Indian Prime Minister Narendra Modi emphasized the critical needs and perspectives of the Global South, particularly Africa. During his speech, Modi proudly referenced India’s role in the African Union becoming a

The European Central Bank (ECB) has announced its first interest rate cut since 2019, reducing the key rate from 4% to 3.75%. The decision, which had been signaled for months, comes amid persistent inflationary pressures within the euro zone’s 20

The United Arab Emirates (UAE) is poised for accelerated economic growth in 2024, with the real gross domestic product (GDP) projected to surge by 3.9 percent, according to the Spring 2024 Gulf Economic Update (GEU) released by the World Bank.

In a detailed analysis ahead of the final results of India’s Lok Sabha elections, UBS has projected the implications of four potential outcomes on the stock markets, with particular emphasis on the performance of benchmark indices such as the S&P

The Central Bank of the UAE (CBUAE) has released its latest statistics, revealing a significant surge in the assets of Islamic banks within the country. Over the past 12 months, these institutions have seen their assets rise by approximately AED86

In a marked retreat from its recent surge, gold prices declined on Tuesday as the US dollar showed continued strength, tempering the momentum that had pushed the precious metal to a record high. On Monday, gold prices had soared to

Two Chinese nationals, Yicheng Zhang and Daren Li, have been charged by US authorities in a massive cryptocurrency scam totaling $73 million, dubbed “pig butchering.” The scheme involved laundering funds through US bank accounts to the Bahamas, resulting in arrests

India’s stance on cryptocurrency regulation appears to be evolving, with the Securities and Exchange Board of India (SEBI) advocating for multi-regulator oversight in contrast to the Reserve Bank of India’s (RBI) concerns about potential macroeconomic risks associated with private digital