A single country raising tariffs dents that country’s exporters. Sixty countries absorbing new US duties on the same day is a different animal entirely, and currency and bond markets have far more reason to be nervous about it than most equity investors currently seem to grasp. The new rates land between 10% and 12.5%, and the split between those two bands is where this gets interesting. Japan […]
By Nitya Chakraborty India is hosting the 18th BRICS Summit in New Delhi on September 12 and 13 this year which carries unusual significance in the present changing landscape of the geopolitics in the Indo-Pacific as also in other parts of the world. Most importantly, Chinese President Xi Jinping and the Russian President Vladimir Putin […]
The article Narendra Modi Has A Golden Opportunity To Lead Global South At BRICS Summit appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
Bitcoin derivatives traders are rebuilding bullish positions, creating a multibillion-dollar liquidation risk if the cryptocurrency reverses sharply towards $58,200, while an accompanying warning about Ether falling to $1,700 has been overtaken by market prices. Bitcoin was trading near $65,400 on Friday, July 24, after reaching an intraday high of about $65,750 and falling as low as $64,636. A decline to $58,200 would therefore amount to a drop […]
Dangote Cement Plc is favouring London over Dubai for a planned international listing, arguing that the UK market offers a faster route to investors and better suits the group’s expanding cement business. Mariya Dangote, a board member and executive director responsible for the group’s cement and food businesses, said the company had considered a secondary listing in Dubai but concluded that completing the process there could take […]
Hackers exploited Wanchain’s bridge connecting Cardano and BNB Chain, draining about 515 million NIGHT tokens valued at roughly $9 million and forcing the affected cross-chain route to suspend operations. The attack targeted infrastructure operated by Wanchain rather than the Cardano or Midnight blockchains. Midnight Foundation said its network, validators and consensus system remained secure, seeking to contain concern that the breach had compromised the underlying privacy-focused protocol. […]
Mirae Asset Group has completed its acquisition of Korbit, placing South Korea’s first cryptocurrency exchange under the control of one of the country’s largest financial conglomerates and accelerating the convergence of traditional finance and digital assets. Mirae Asset Consulting became Korbit’s largest shareholder after completing regulatory and transaction procedures. The deal gives the group control of more than 90 per cent of the exchange, following an agreement […]
Three cryptocurrency protocols linked to Bitcoin and Ethereum lost more than $35 million in a series of attacks within about six hours, exposing persistent weaknesses in cross-chain bridges, administrative controls and contract validation systems. The largest loss was recorded by AFX Trade, a perpetual futures platform operating through an independently managed bridge on Arbitrum. Attackers removed about $24.15 million in USDC before transferring the assets from Arbitrum […]
Matein Khalid The revival of the US-Israel-Iran war is set to intensify the concatenation of economic, energy and geopolitical shocks facing neighbouring Iraq. Before the February 28 onset of the conflict, Iraq was Opec’s second-largest oil producer, with estimated output of 4.3-4.5 million barrels per day. By June, national production had fallen to a paltry 817,000 bpd, comparable to that of minor producers such as Azerbaijan or Oman. This is an […]
Arabian Post Staff -Dubai The UAE has outlined the eligibility and application requirements for its five-year multiple-entry tourist visa, offering frequent travellers a longer-term alternative to standard short-stay permits. The visa is open to applicants of all nationalities who meet the financial, documentation and travel conditions. It does not require sponsorship by a UAE resident, company, hotel or tourism agency, allowing travellers to apply directly through official […]
London Stock Exchange is preparing to open a near-continuous weekday trading venue designed for algorithmic systems and AI-enabled trading, extending access to its markets across Asian, European and American time zones. The new platform, London Stock Exchange 24, or LSE 24, is scheduled to enter client testing by the end of 2026. Exchange-traded products will become its first asset class during the first half of 2027, subject […]
Arabian Post Staff -Dubai Changer. ae and Tether have signed a memorandum of understanding to examine regulated cross-border settlement services using USD₮, expanding efforts to build institutional digital asset infrastructure within Abu Dhabi Global Market. The agreement brings together Changer, an Abu Dhabi-based virtual asset custodian regulated by the Financial Services Regulatory Authority, and Tether, issuer of the world’s largest dollar-linked stablecoin. The companies will assess USD₮-to-fiat […]
Arabian Post Staff -Dubai ExxonMobil has signed on as a Gold Sponsor of Angola Oil & Gas 2026, strengthening its position in the country as Luanda seeks billions of dollars in investment to sustain crude production and revive exploration. The conference will be held in Luanda on 9 and 10 September, bringing together energy companies, investors, financiers, service providers and policymakers. Angola is promoting an upstream investment […]
Citadel Securities has invested $400 million in cryptocurrency exchange Crypto. com, valuing the Singapore-based trading platform at $20 billion as established financial groups deepen their involvement in digital assets. The strategic investment will support Crypto. com’s expansion beyond cryptocurrency trading into tokenised securities, derivatives and other blockchain-based financial products. The transaction also gives the exchange a powerful institutional partner with extensive expertise in liquidity provision, pricing and […]
BlackRock’s spot Bitcoin exchange-traded fund held about 733,500 tokens valued at more than $47.5 billion on July 15, cementing its position as the dominant regulated Bitcoin investment product in the United States. The latest official portfolio data differs slightly from a widely circulated social media claim that the iShares Bitcoin Trust held 734,762 Bitcoin worth $47.1 billion. Holdings change each trading day as authorised participants create or […]
The US military has disabled an oil tanker sailing towards Iran’s main crude export terminal, marking the first publicly disclosed attack on a commercial vessel since Washington renewed its blockade of Iranian ports. A US aircraft fired Hellfire missiles into the smokestack of the empty, Curaçao-flagged M/T Belma after the vessel ignored repeated warnings while crossing international waters towards Kharg Island. The strike left the tanker unable […]
Revolut has secured in-principle approval from Dubai’s Virtual Assets Regulatory Authority to offer cryptocurrency services in the UAE, advancing the financial technology group’s plan to build a regulated digital finance platform in the country. The proposed Virtual Assets Service Provider licence would permit Revolut to provide broker-dealer, management and investment, and exchange services. Full operations will remain subject to the company meeting VARA’s conditions and obtaining final […]
Nigel Farage’s attempt to turn scrutiny of his financial affairs into a direct electoral test has produced an unusual contest, with satirical candidate Count Binface so far emerging as his only declared challenger in the Clacton by-election. The Reform UK leader resigned from the House of Commons on July 8 and immediately announced that he would seek re-election. Polling will take place on August 13 after parliamentary […]
SBI Holdings and the Solana Foundation have formed a strategic partnership to develop an on-chain financial market centred on Japan, spanning stablecoins, tokenised securities, institutional services and cross-border settlement infrastructure. The collaboration will involve the Solana Foundation acquiring a stake in SBI R3 Japan, a blockchain-focused company jointly backed by SBI Holdings and Sumitomo Mitsui Financial Group. SBI R3 Japan is set to be renamed SBI Solana […]
Arabian Post Staff -Dubai ADI Chain has secured a $50 million strategic investment to accelerate the international deployment of blockchain infrastructure designed for governments, enterprises and regulated digital-asset markets. The funding will support network expansion, institutional integrations and the development of applications that connect public blockchain technology with national payment systems, financial institutions and large corporate users. The company did not disclose detailed commercial terms of the […]
The United States has sharply loosened export controls on the UAE, opening wider access to advanced artificial intelligence chips, military equipment, commercial satellites and other sensitive technologies. The Department of Commerce reclassified the UAE under the Export Administration Regulations on Friday, placing it in a group that receives broader licence exemptions for controlled military and dual-use goods. The decision marks a significant upgrade in economic, defence and […]
Cybersecurity investigators have uncovered an AI-generated PowerShell script used during a live attack to map a company’s Active Directory environment, offering fresh evidence that criminals are deploying “vibe-coded” malware inside compromised networks. The script was recovered from an intrusion that began on June 3 after the attacker gained remote desktop access to a Windows Server connected to the victim’s domain. The available evidence indicated that the intruder […]
Interpol has announced 5,811 arrests and the interception of $293 million in illicit assets following a sweeping operation against cyber-enabled fraud across 97 countries and territories. Operation First Light 2026 targeted social engineering scams and related money laundering networks between January 15 and April 30. Authorities identified more than 142,000 victims, analysed 152,808 cases and blocked 31,014 bank accounts linked to suspected criminal proceeds. The China-funded operation […]
Polymarket has filed regulatory applications that could allow its United States prediction-market business to offer margin trading, a major step towards introducing leveraged event contracts to American customers. The applications were submitted to the National Futures Association on July 3 through PM Derivatives LLC. They seek registration as a futures commission merchant, membership of the industry regulator and approval to operate as a swap firm. Coming Home […]
The United States says technical negotiations with Iran are continuing despite renewed military strikes that have weakened a fragile ceasefire and raised fears of another prolonged conflict across the Gulf. US officials said no additional strikes had been launched for several hours, while diplomatic contacts remained active through technical teams and regional intermediaries. The talks are focused on restoring maritime security in the Strait of Hormuz, implementing […]
