Bitcoin fell about five per cent, sliding below the $65,000 mark as large holders accelerated transfers to exchanges and short-term investors continued to exit at a loss, underscoring fragile sentiment in the world’s largest cryptocurrency. The decline pushed Bitcoin to levels last seen several weeks ago, extending a pullback from record highs above $73,000 set earlier this year. Market data showed the digital asset trading in the […]
Copper prices edged higher on Friday but remained on course for a third consecutive weekly decline, as a firmer US dollar and persistent concerns over global demand continued to weigh on sentiment across industrial metals markets. Benchmark three-month copper on the London Metal Exchange climbed during morning trade, recovering from earlier losses as short-covering set in ahead of the weekend. Despite the rebound, prices have retreated over […]
United States import tariffs have largely been paid by domestic businesses and households rather than foreign exporters, according to a growing body of economic research, sharpening debate in Washington over the long-term costs of trade protection. Studies by Federal Reserve economists and leading academic institutions show that the bulk of duties imposed during the trade disputes of the past decade were passed through to American importers in […]
Arabian Post Staff -Dubai President Donald Trump has ordered a 10 per cent tariff on virtually all foreign goods entering the United States, reviving a central plank of his trade agenda after the US Supreme Court struck down a series of levies imposed last year. The White House said the across-the-board duty will take effect on 24 February at 12:01 a. m. Washington time, marking one of […]
PayPal has disclosed a cybersecurity incident that left sensitive customer information accessible for almost six months, attributing the breach to a software error within its PayPal Working Capital loan application system. The payments company has begun notifying a limited number of affected users, warning that personally identifiable information linked to business loan applications may have been exposed online between late last year and mid-year. The company said […]
Three engineers working in Silicon Valley have been indicted in the United States on allegations of conspiring to steal sensitive chip design trade secrets from Google and other technology companies, in a case that federal prosecutors say underscores mounting insider threats to the semiconductor industry. The US Department of Justice announced that Samaneh Ghandali, 41, and her husband Mohammadjavad Khosravi, also known as Mohammad Khosravi, along with […]
Arabian Post Staff -Dubai Multidisciplinary consultancy Khatib & Alami has formalised an agreement with Ajman University to establish an endowed academic chair in Artificial Intelligence and Machine Learning, marking a strategic partnership aimed at advancing research, innovation and industry collaboration in the United Arab Emirates. The agreement, signed in Dubai, will see Khatib & Alami fund a dedicated academic position focused on developing applied research in AI […]
Bitcoin retreated ahead of the US market open, mirroring declines in equity futures as traders returned from a three-day break to a more fragile macro backdrop marked by geopolitical strain and shifting rate expectations. The world’s largest cryptocurrency fell below key technical levels in early trading, extending a pullback that began over the weekend. The move coincided with weakness in US stock-index futures and a firmer dollar, […]
Arabian Post Staff -Dubai Abu Dhabi has begun deploying facial recognition technology for notary transactions, positioning its judicial system at the forefront of biometric authentication in the Gulf and marking a shift away from conventional digital signatures. Abu Dhabi Judicial Department said the first phase of the project allows users to verify their identity through facial recognition when completing notarial services, removing the need for physical attendance […]
Traces of hazardous metals have been identified in bananas and other staple crops grown in areas affected by Brazil’s 2015 mining disaster, raising concerns about long-term food safety and the exposure of young children to lead and cadmium. Researchers examining farmland along the Rio Doce basin, where tailings from the collapse of a Samarco dam spread across hundreds of kilometres, found that toxic elements embedded in contaminated […]
Cucumber prices across Russia have climbed sharply, prompting public frustration and drawing scrutiny from lawmakers and regulators as households grapple with food inflation during the conflict in Ukraine. Data published by the federal statistics agency show that the retail cost of cucumbers has risen markedly since the start of the year, outpacing overall food inflation. In several regions, consumers have reported prices doubling compared with the same […]
Ripple has ranked ahead of Bitcoin and Ethereum in a global survey measuring emotional connection between consumers and cryptocurrency brands, underscoring how perception and trust are emerging as competitive factors in a volatile digital asset market. The San Francisco-based blockchain company placed fourth overall in MBLM’s Brand Intimacy Study for cryptocurrency projects, outperforming both Bitcoin and Ethereum in the latest assessment of how strongly users feel bonded […]
Arabian Post Staff -Dubai Abu Dhabi Judicial Department has begun rolling out facial recognition technology for notary transactions, marking a significant shift in how legal documents are verified and authenticated in the emirate. The first phase of the initiative, announced by the department, integrates biometric identification into selected notary services, enabling clients to complete procedures through digital platforms without the need for physical attendance. Officials describe the […]
Nigeria has launched a sweeping industrial policy aimed at restarting idle factories, boosting domestic manufacturing and positioning Africa’s largest economy as a competitive production hub in global supply chains. Federal authorities say the framework is designed to tackle long-standing structural weaknesses that have undermined output, including erratic power supply, limited access to long-term finance, foreign exchange volatility and infrastructure gaps. Manufacturing accounts for less than 10 per […]
African Development Bank Group has approved a $200 million loan to support Nigeria’s efforts to expand agricultural production and curb reliance on food imports, reinforcing Abuja’s push to tackle food inflation and strengthen rural incomes. Board members of the AfDB cleared the financing to scale up priority investments across key value chains, targeting improved productivity, better access to inputs and enhanced storage and processing capacity. The funding […]
Mercedes-Benz USA has recalled nearly 12,000 electric sport utility vehicles in the United States after identifying a defect in high-voltage battery cells that could trigger a fire, either while driving or when parked. The recall covers 11,895 EQB vehicles across three variants: 1,708 EQB 350 4Matic models from the 2022 to 2024 model years, 3,674 EQB 250+ units from 2023 and 2024, and 6,513 EQB 300 4Matic […]
Wynn Resorts has posted a sharp drop in fourth-quarter profit despite edging up revenues, underscoring mounting pressure from softer gaming volumes on the Las Vegas Strip and uneven recovery in Macau as the company presses ahead with a multibillion-dollar expansion in the United Arab Emirates. The US-listed casino operator reported that net income for the final quarter fell markedly from a year earlier, even as overall revenue […]
Meta’s Ray-Ban smart glasses have been thrust into a privacy storm after two Harvard students demonstrated how the device can be modified to identify strangers in real time and pull up personal information, raising fresh concerns about how wearable technology intersects with facial recognition. The students, who detailed their experiment publicly, created a system they called I-XRAY, linking Meta’s Ray-Ban smart glasses to facial recognition software and […]
XRP is back at the centre of market attention as Ripple’s chief executive takes on an advisory role in Washington, fuelling speculation that a clearer regulatory path for digital assets could reshape the token’s prospects even as exchange-traded products tracking it post their first net outflows in weeks. The digital token, closely associated with Ripple Labs, has seen volatile trading through February, hovering below its late-2024 highs […]
Mexico’s Attorney General’s Office is examining whether a British Columbia-based mining company bears any responsibility in the abduction of 10 of its employees, following allegations that criminal groups targeted the workers in a region affected by organised crime. President Claudia Sheinbaum said on Friday that federal prosecutors are investigating the circumstances surrounding the kidnapping and assessing whether the company complied with security obligations and local regulations. The […]
Businessman and television personality Kevin O’Leary has been awarded $2.8 million in a federal defamation lawsuit against prominent crypto influencer Ben “BitBoy” Armstrong after a judge handed down a default judgment against the defendant for failing to mount a substantive defence. The ruling by a US District Court judge in Florida came after Armstrong published a series of false and defamatory claims online that accused O’Leary of […]
Berlin is tightening controls on its defence sector as it expands military spending and confronts strategic risks posed by deep economic ties with China and reliance on foreign suppliers, especially from the United States. The federal government’s action reflects growing anxiety that Germany’s defence companies, including key suppliers and manufacturers, could be exposed to undue influence or supply chain disruptions if anchored too closely to geopolitical rivals. […]
Arabian Post Staff -Dubai Capital is moving with greater intensity between Gulf and Asian debt markets as issuers and investors seek stability and yield in a volatile global environment. Bankers and asset managers say order books for Middle Eastern sovereign and corporate bonds are showing a rising share of allocations to Asia-based funds, while Gulf investors are increasing exposure to Asian credit, particularly China. The shift reflects […]
South African share prices rose on Thursday as investors balanced optimism over global market trends with caution ahead of President Cyril Ramaphosa’s keynote address to Parliament and the release of critical domestic economic information. The benchmark Johannesburg Stock Exchange Top-40 index climbed around 0.5 per cent during early trade, buoyed by gains in resource and financial stocks, while the rand strengthened modestly against the US dollar, reflecting […]
