How Tether’s bitcoin mining plans in Uruguay unraveled
Tether’s plan to build bitcoin mining operations in Uruguay has collapsed after a dispute over electricity supply. This project has expected to bring investment and jobs.The cryptocurrency company announced the…
China Tax Crackdown Forces Wealthy Investors to Reassess Offshore Trusts
China is increasing its focus on offshore wealth as authorities tighten tax enforcement and monitor capital held outside the country.The new measures are pushing some wealthy Chinese investors to review…
Global Equity Fund Inflows Hit Three Week High Before Late Selloff
Global equity funds attracted their strongest weekly inflows in three weeks through August 19. Investors remained optimistic about corporate earnings and continued to put money into stocks across major markets.However,…
Tesla and Other Automakers Begin Record Vehicle Recall in China
China has launched its largest automotive recall campaign after safety concerns involving emergency door releases. Tesla and 10 other automakers will recall nearly 4.3 million vehicles across the country.The recalls…
Evergrande Founder Hui Ka Yan Sentenced to Life in Prison
Evergrande founder Hui Ka Yan has been sentenced to life in prison by a court in Shenzhen, China, after pleading guilty to eight financial crimes linked to the property developer's…
Trump Touted Washington IndyCar Race Draws Major Sponsors
The Freedom 250 Grand Prix IndyCar race in Washington, D.C., has attracted several major corporate sponsors ahead of Sunday’s event. Boeing, Starlink and Delta Air Lines are among the companies…
The US Justice Department is against the Disney ABC license lawsuit being heard right away.
WASHINGTON—On Thursday, the U.S. Justice Department asked a court to postpone an urgent hearing on Disney's lawsuit.Which aims to prevent the Federal Communications Commission from reviewing the licenses for the…
The Fed’s monetary policy work may be complicated by Treasury’s increased buybacks.
The US Treasury has doubled the size of some long term bond buybacks to $4 billion per operation. The move targets Treasury securities with maturities of 10 to 30 years.The…
Why Japanese firms are being so slow to use AI
Given their severe labor shortages, aging population, and ongoing productivity issues, Japanese businesses ought to be ideal for adopting artificial intelligence (AI). However, adoption in many companies is still slow…
South Korea’s Incheon airport becomes world’s busiest for global traffic
According to recent data, Incheon, South Korea, is now the busiest airport in the world for international passenger traffic for the first time.According to preliminary figures from the Airports Council…
