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A wave of ambition is reshaping the technology landscape as leading entrepreneurs turn their attention to building artificial intelligence data centres in space. What began as scattered experiments in off-planet computing has matured into a competition among industry powerhouses seeking an edge in processing capacity, energy efficiency, and control over the infrastructure that will anchor next-generation AI systems. The pursuit is driven by the belief that Earth-based facilities are reaching fundamental limits, from land availability to cooling constraints, and that low-Earth orbit may provide the only environment capable of sustaining the exponential escalation in computational demand. Advocates frame this as an extension of a long-standing principle in engineering and exploration: to put human ingenuity to its fullest possible use, wherever the boundaries of science allow.

Several major technology leaders have stepped into this arena over the past two years. Their investments reflect a profound shift in strategy as companies realise that AI models cannot continue to scale using terrestrial infrastructure alone. The voracious energy requirements of large-scale training workloads challenge even the most advanced data-centre designs, pushing firms to explore solutions that draw on off-planet solar power and exploit the vacuum of space for passive cooling. Executives argue that orbiting facilities promise a cleaner energy profile, reduced environmental impact, and unprecedented independence from Earth’s physical constraints. As one aerospace investor remarked during a private industry event, the next digital revolution may be fuelled not by new algorithms but by new geography.

Engineering teams working on these orbital concepts often describe them as a convergence of satellite technology, chip innovation, and AI architecture. The logic is straightforward: satellites already operate reliably in extreme conditions with limited maintenance; AI systems increasingly require specialised compute hardware that benefits from consistent temperature conditions; and the economics of launch have changed dramatically due to reusable rockets. Once the cost of placing hardware into orbit falls to thresholds comparable to building premium facilities on Earth, the case for space-based computing strengthens considerably. What was once a speculative thought experiment has become a viable commercial target because access to space is no longer a privilege of governments alone.

However, the motivations driving this race are not solely technical. Strategic considerations weigh heavily. Ownership of orbital AI capacity promises unparalleled control over data sovereignty and computational independence. For executives wary of regulatory intervention or geopolitical risk, space offers a jurisdictional buffer that has become increasingly attractive. The ability to operate hardware outside traditional national borders gives corporations leverage at a moment when governments are tightening rules on data transfer, algorithmic transparency, and cloud-computing dependencies. Critics warn that this dynamic could set the stage for tension between public oversight and private ambition, particularly as orbital networks start to support commercial, defence, and financial applications simultaneously.

Security analysts have begun to examine the implications of off-planet AI infrastructure for global stability. On one hand, distributing critical systems across multiple orbital layers may reduce the vulnerability of communication and computing networks to terrestrial attacks or natural disasters. On the other, it introduces fresh risks, as high-value satellites could become targets in future disputes. Industry leaders tend to emphasise resilience and cooperation, arguing that shared standards and open coordination mechanisms can prevent escalation. Yet even in the early stages of development, commercial confidentiality and competitive pressure limit transparency, raising questions about how cooperative such a system can truly be.

Environmental considerations further complicate the picture. Proponents argue that orbital facilities will dramatically reduce the carbon footprint of data centres by tapping continuous solar energy and eliminating the need for extensive water-based cooling. They claim that redirecting computation to space will relieve pressure on overloaded terrestrial grids and free up land used for sprawling data-centre campuses. Environmental organisations counter that launching hundreds of tonnes of hardware into orbit will generate emissions during the construction phase and intensify concerns about space debris. Engineers involved in the projects acknowledge these issues but maintain that the long-term carbon savings outweigh the initial costs. Some firms have begun exploring closed-loop manufacturing cycles using recycled orbital material, a concept still in its infancy but increasingly part of corporate presentations.

The economic dimension of the space computing race has also attracted significant attention. Venture capital firms see orbital AI networks as a foundational platform similar in scale to the early internet, creating opportunities for startups focused on maintenance robotics, radiation-hardened chips, inter-satellite laser communication, and autonomous control systems. Government space agencies have shown interest too, recognising that private data-centre initiatives could stimulate broader commercial activity in orbit. Financial analysts caution that the capital intensity of these projects is immense and that many entrants may struggle to secure the funds required to move from prototype to full-scale deployment. But they also acknowledge that the firms leading the charge have histories of turning audacious concepts into viable industries.

One of the most compelling arguments for orbital AI centres revolves around scientific potential. Researchers emphasise that such facilities could support breakthroughs in materials engineering, climate modelling, pharmaceutical development, and astrophysics. Training models in microgravity environments may enable experiments that are impractical on Earth, and the isolation of orbital systems creates opportunities for secure high-performance computing dedicated to sensitive research. A prominent AI scientist recently noted at a conference that new frontiers in intelligence will be unlocked only when researchers have access to computational substrates as novel as the algorithms themselves, and that space may provide exactly that.

Despite enthusiasm, several fundamental questions remain unresolved. Energy transmission is one of them. While orbiting platforms can harness abundant solar power, efficiently transferring that energy to onboard compute clusters and ensuring stable operation during orbital night remains a challenge. Another issue concerns maintenance. Although robotic servicing is improving, most concepts still require periodic human intervention, raising questions about safety, reliability, and cost. Legal scholars are also wrestling with the future regulatory landscape, debating whether orbital AI nodes should be governed by space law, telecommunications frameworks, or entirely new agreements. These uncertainties highlight the complexity of forging infrastructure that defies conventional definitions.

Public perception is another area shaping the debate. The idea of billionaire-led initiatives expanding beyond Earth has drawn criticism from those who view it as a diversion of resources from urgent terrestrial needs. Advocates counter that technology has always advanced through bold exploration and that the benefits of space-based AI will eventually extend across society, from medical research to disaster forecasting. Several industry leaders have used narratives emphasising human progress and responsibility, suggesting that building orbital computing platforms represents a contribution to global knowledge rather than a retreat from Earth’s challenges.

By Nitya Chakraborty For rich European nations, especially the troika Germany, France and Britain, the geopolitical situation that is unfolding in the year 2026 has enough elements of an existential crisis as a result of the announcement of the US policy on global security which marginalizes the role of European nations and NATO in the […]

The article Where Is Europe Placed In The Emerging Global Geopolitics? appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Growing concerns over the expansion of dollar-linked digital tokens have prompted the International Monetary Fund to issue a caution over the strain stablecoins could place on emerging markets, with the institution arguing that widespread use of these instruments risks weakening domestic monetary frameworks. The warning centres on the potential for currency substitution and accelerated outflows should stablecoins gain traction in jurisdictions where confidence in local units is fragile. This caution mirrors the broader message conveyed in IMF warns of stablecoin strain on emerging economies, underscoring the possibility of digital tokens amplifying financial vulnerabilities.

The Fund’s latest assessment highlights the challenge posed by USD-pegged tokens such as USDT and USDC, which together dominate the global stablecoin market. Analysts tracking flows note that these instruments have evolved into widely used vehicles for cross-border transfers, digital asset trading and store-of-value purposes in countries with volatile currencies. The IMF argues that their adoption can reduce the capacity of central banks to manage liquidity conditions, especially in economies where monetary authorities already contend with limited tools to stabilise inflation and anchor expectations. The institution has urged regulators to assume a proactive posture, particularly in markets where capital controls or shallow financial systems heighten the risk of abrupt movements.

The concerns reflect a shift from earlier phases of the digital asset cycle, when stablecoins attracted regulatory scrutiny largely due to their reserve backing and operational transparency. With greater clarity emerging around reserve audits and redemption mechanisms, policymakers are now looking beyond technical design and towards systemic implications. Economic experts cautioned that dollar-denominated tokens might evolve into parallel settlement channels, enabling households and corporates to bypass domestic banking systems during periods of stress. For countries with restricted foreign exchange markets, that pattern could complicate monetary management and accelerate the erosion of trust in local units.

Despite these warnings, several analysts point out that the scale of stablecoin adoption across developing economies remains uneven. Data from blockchain analytics firms suggests that while usage has grown in parts of Latin America, Africa, Eastern Europe and South Asia, activity is still far from the threshold that would trigger systemic currency substitution. Experts add that stablecoins often function as short-term hedging tools rather than long-term savings instruments, meaning their impact on monetary sovereignty is not yet of the magnitude implied by more pessimistic scenarios. Many economists argue that structural weaknesses in local economies, such as persistent inflation or fiscal imbalances, are more significant drivers of currency instability than the availability of digital dollar substitutes.

Regulators in several markets have already begun drafting frameworks to govern stablecoin issuance and use. Authorities in regions including the Gulf, the European Union, Singapore and parts of East Asia have introduced licensing requirements and reserve rules to ensure issuers maintain high-quality backing assets. These frameworks emphasise transparency and redemption at par, which policymakers view as essential to preventing destabilising runs. Some central banks are also exploring bilateral agreements to manage cross-border flows facilitated by stablecoins, particularly where local banks have limited capacity to monitor or report such transactions.

Several financial commentators suggest that concerns over capital flight through stablecoins stem from gaps in existing capital control regimes rather than from the forms of technology used to move funds. They argue that digital tokens merely enhance the speed and efficiency of transfers that might otherwise occur through informal channels. Nonetheless, the IMF stresses that the visibility and liquidity offered by stablecoins could encourage larger volumes to exit strained economies during periods of uncertainty. The institution asserts that emerging markets could face amplified volatility if households and corporates shift towards digital dollars at scale.

The rise of stablecoins has also coincided with broader experimentation in monetary innovation, with more than one hundred central banks evaluating options for digital currencies. Some economists view central bank digital currencies as a potential counterbalance to dollar-pegged private tokens, offering residents a regulated alternative for digital payments while preserving oversight. Others note that CBDCs alone will not offset the appeal of USD-linked tokens in countries where macroeconomic fundamentals drive demand for safer units. Policymakers face the challenge of building credibility, strengthening reserves and reinforcing inflation-targeting regimes while managing digital asset adoption.

While a number of market strategists acknowledge the IMF’s concerns, they contend that fears of widespread dominance of dollar-linked tokens may be overstated at the current stage of development. Adoption depends heavily on access to smartphones, internet connectivity, financial literacy and the availability of compliant service providers. These conditions vary widely across emerging economies, limiting the capacity of stablecoins to displace formal banking for now. Yet industry participants agree that the trajectory of digital finance warrants close oversight as stablecoin issuers expand their footprint and integration with payment networks.

A breakthrough in neural engineering is prompting wide debate over how far humans should push the boundaries between biological thought and digital computation. The unveiling of an ultra-thin implant known as BISC, designed to stream neural activity in real time through a high-bandwidth wireless interface, offers a glimpse of a future where the movement of a limb, the perception of an object, or the intent behind a […]

The US Supreme Court indicated during oral arguments that it is prepared to permit the president to remove leaders of independent federal agencies at will — a move that could weaken decades-old protections shielding regulatory bodies from political control. The case centers on the dismissal of Rebecca Kelly Slaughter from the Federal Trade Commission, and touches on the fate of more than two dozen agencies governed by […]

A shoulder bag transcends all boundaries and has emerged as a fashion favorite across borders. Saudi Arabia, home to both tradition and contemporary expression, here shoulder bags for women are more than mere accessories. Badges of identity are symbols of refinement and a must-have for every busy lady. With sporty shapes for relaxed off-duty adventures and elegant ones for the professional mode, the latest shoulder bags are […]

YouTube has moved to strengthen its presence in the UAE’s digital health landscape by developing programmes that place licensed medical professionals at the forefront of its educational content, signalling a determined push to make verified advice more accessible across the platform. The company’s strategy targets growing demand for trustworthy health information online, as concerns over misinformation continue to shape global discussions around digital media governance.

Executives overseeing the initiative said the platform aims to build a space where users can reliably distinguish expert-led guidance from unverified commentary, a challenge amplified by the scale and diversity of YouTube’s audience. The expansion forms part of a wider effort to elevate authoritative creators working in fields where accuracy is critical, particularly as the Gulf region deepens its investment in digital transformation of public services, including healthcare, teleconsultation and patient education tools.

YouTube’s managing teams have pointed to the UAE as a priority market due to its strong uptake of digital services, rapid population growth and the increasing role of online platforms in shaping consumer behaviour. Company representatives noted that the health programme supports licensed doctors and specialists in producing explanatory content on topics ranging from chronic disease management to preventative care, with a focus on clarity and cultural relevance. The aim is to ensure that users searching for guidance on everyday health queries encounter information grounded in established medical understanding.

The regional rollout also follows the platform’s broader global commitment to responsible content curation, which includes labelling health sources, collaborating with regulatory bodies and strengthening partnerships with hospitals and academic institutions. Executives highlighted that user trust depends not only on removing harmful material but also on amplifying credible voices. This shift reflects wider trends across major technology firms, which are under increasing pressure to address misinformation while supporting creators who offer value through expertise.

During discussions about the programme, YouTube’s leadership emphasised that the future of digital platforms lies in empowering diverse creator communities. A senior executive cited the example of a Dutch knitting creator whose channel grew from a small personal project into a global community hub, illustrating how storytelling and authenticity can generate engagement across borders. The reference underscored the platform’s belief that healthcare content, too, should be driven by relatable human narratives, not only clinical explanations.

Doctors participating in the UAE initiative have described the programme as a chance to reach audiences who might hesitate to seek medical advice through traditional channels. Specialists working in fields such as cardiology, paediatrics and mental health say that video content enables them to clarify misconceptions, guide viewers toward evidence-based treatment options and encourage early intervention. Several practitioners have noted that the platform provides a unique opportunity to communicate complex issues in a visually engaging format, which can support better understanding among younger users.

Market analysts observing YouTube’s strategy say the platform’s focus aligns with the UAE’s national priorities, particularly its long-term digital health agenda. Authorities across the Gulf have invested in AI-enabled diagnostics, electronic health records and telemedicine infrastructure, creating a parallel demand for trusted educational material that helps residents navigate an evolving healthcare environment. Analysts also point to the competitive landscape, where global platforms are working to differentiate themselves through credible content partnerships.

The company’s decision to bring more clinical professionals onto the platform reflects research showing that users often rely on video explanations when confronted with health queries. Executives acknowledge that this behaviour carries both opportunities and risks, as misinformation can spread rapidly when content appears authoritative. To address this, YouTube has been refining its ranking systems to elevate licensed practitioners and institutions, ensuring visibility for creators whose credentials and communication standards have been verified.

Creators involved in the new initiative have stressed the responsibility that accompanies such visibility. Several participants noted that working on the platform requires balancing accessibility with professional rigour, avoiding oversimplification while keeping content digestible for general audiences. These doctors have described the process as an extension of public health education, albeit through a digital medium that demands nuanced storytelling and sensitivity to cultural context.

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Alpha Dhabi Holding moved to reassure investors with confirmation of a new three-year dividend framework and a parallel plan to repurchase a portion of its shares, signalling a strategic effort to sustain value creation across its portfolio. The Abu Dhabi-listed conglomerate said the policy is designed to provide predictable returns while supporting the group’s long-term expansion. The company said the proposed framework targets annual dividends of AED […]

By Nantoo Banerjee India’s domestic civil aviation market, the world’s third largest after the United States and China, nearly collapsed last week as its major private airline, IndiGo, boasting nearly 70 percent of traffic share, suddenly cancelled hundreds of flights on the ground of pilot shortages after it failed to adapt to new flight crew […]

The article India Must Clip IndiGo’s Wings To Protect Fast-Growing Domestic Aviation Market appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Nitya Chakraborty The India-Russia joint statement issued on December 5 after two days of talks between President Vladimir Putin and the Indian Prime Minister Narendra Modi is more a vindication of India’s renewed exercise of its geopolitical status defying the pressure from the USA and the other western powers rather than a document on […]

The article Modi-Putin Summit Reinforces India’s Geopolitical Identity Amidst Headwinds appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 6 December 2025 – XIXILI is rewriting the rules of lingerie shopping with its Plus Size Collection, moving beyond the typical S, M, L, XL approach that leaves so many women without options. The brand’s extensive range proves that well-fitted, beautiful lingerie shouldn’t be a luxury reserved for a select few. When One Size Definitely Doesn’t Fit All XIXILI’s […]

The United States Department of State reaffirmed a Level 4 “Do Not Travel” advisory against travel to or remaining in Venezuela, citing grave concerns over crime, civil unrest, deteriorating public services and very limited consular support. The announcement cautioned Americans that acts such as kidnapping, arbitrary detention, torture, terrorism, and violent crime are widespread — and that shortages of fuel, electricity, water, medicines and medical supplies make […]

Forecasts from major US banks suggest the bull market will remain intact in 2026, with some projecting the S&P 500 above 7,500 by year end. The latest Financial Times survey, covering nine major investment banks, reinforces this confidence with an average forecast of roughly 10% upside from current levels. I understand why that optimism exists. The US economy continues to outperform expectations, corporate earnings have held up, […]

Previously unseen photographs from Jeffrey Epstein’s private island residence have been made public by lawmakers in Washington, offering a closer look at the property at the centre of one of the most scrutinised criminal networks in the United States. The images were disclosed by Democratic members of a congressional committee examining Epstein’s activities and the conduct of officials who interacted with him over several decades. The release […]

Sui’s token structure is drawing heightened attention as analysts warn that the network’s locked supply and insider concentration could influence market behaviour during the next phase of token distribution. A new assessment suggests that questions around the durability of Sui’s rally persist despite the project’s growing activity in decentralised applications and its positioning as an alternative to high-throughput chains. The concerns have surfaced as market participants look for signals on whether Sui could mirror the type of extended rally seen in Solana during its strong periods of expansion.

Sui’s token model includes a large quantity of locked tokens that are programmed to enter circulation according to a long-term schedule. Data compiled by blockchain monitoring platforms indicates that more than half of the total supply, around 50.57 per cent, remains locked. The release of these tokens is staggered, but analysts note that the size of the locked tranche means the market will continue to grapple with questions about absorption capacity and price impact. A cohort of early backers and core contributors holds about 15.3 per cent of the supply, a figure that has prompted market watchers to examine whether insider allocations could add to selling pressure once vesting windows open.

Developers behind the network emphasise that the emissions framework was designed to support long-term decentralisation and sustainable staking rewards. They argue that the programme aligns incentives for validators, node operators and builders working on the Layer-1 blockchain. However, the scale of the locked supply and the pace at which it is due to unlock have remained central to external evaluations, especially against the backdrop of aggressive capital rotation across digital asset markets.

Sui has promoted itself as a platform capable of handling high transaction throughput through its parallel execution model, distinguishing itself from chains that rely heavily on sequential processing. The project has advocated for its ability to support complex applications, with gaming, asset tokenisation and digital commerce cited as core areas of growth. Activity on the network has picked up over multiple trading cycles, with decentralised exchanges and gaming protocols playing a visible role in boosting usage. Even so, market analysts caution that network adoption alone cannot insulate the token from structural risks tied to large unlocks.

The comparison with Solana has intensified as traders search for the next high-growth ecosystem. Solana’s expansion was driven by rising developer activity, strong venture backing and an improving macro climate for risk assets, elements that contributed to a prolonged appreciation in its token price. Some traders argue that Sui possesses a similar mix of technical ambition and ecosystem investment. Others counter that Solana’s earlier supply dynamics were markedly different, with less pronounced unlocking over short intervals. These observers state that expectations of a parallel trajectory should be tempered until Sui demonstrates a firmer balance between token issuance and organic demand.

Several research desks have highlighted that tokenomics alone do not determine the long-term trajectory of a blockchain project but can exert considerable influence during early growth phases. Analysts tracking the project have pointed to previous unlock waves that resulted in more volatile trading sessions. They note that liquidity conditions matter significantly when large quantities of tokens transition from locked to tradable status, particularly during market downturns. Market participants monitoring derivatives markets also report that funding rates and open interest data reflect cautious positioning around major unlock dates.

The project’s foundation continues to emphasise builder incentives, community grants and ecosystem expansion. Grants directed towards game studios, consumer applications and infrastructure tools have created steady interest among developers seeking alternatives to more congested chains. Daily active accounts and transaction counts have shown periodic spikes, although interpreters of blockchain data stress that differentiating genuine usage from opportunistic activity remains essential when evaluating the long-term strength of an ecosystem.

A curious experiment in automated finance has produced a result that is raising questions about the limits of machine-driven markets. A trading tournament built to showcase the sophistication of competing AI systems has ended in a collective stumble, with every participating model posting losses. The outcome is fuelling debate over whether advanced algorithms are as market-ready as their creators claim, and whether any model can reliably navigate […]

SINGAPORE – Media OutReach Newswire – 5 December 2025 – Language should never stand in the way of ambition. At the Singapore Institute of Management (SIM), English proficiency is more than an entry requirement, it is the foundation for success in global education and careers. In today’s interconnected world, English opens doors to world-class learning and international opportunities. For students coming to Singapore, mastering English means more […]

A decision to withdraw a controversial directive on compulsory smartphone app preinstallation has been taken by the authorities after sustained objections from device makers and technology firms. The policy reversal follows intense debate over whether phone manufacturers should be required to preload the government’s Sanchar Saathi platform, amid concerns about user privacy, operating system integrity and compliance burdens. The shift comes less than two days after reports that Apple had declined to adopt the mandate, setting off a wider industry pushback that accelerated the measure’s rollback.

Officials confirmed that the mandatory installation plan has been shelved, indicating that further consultations will be held before any such directive is reconsidered. The original order sought to ensure that every new smartphone sold in the country carried Sanchar Saathi, a platform designed to help users trace lost devices, block stolen handsets and verify mobile connections. While the tool is already available for voluntary download, stakeholders argued that forcing manufacturers to embed it at the system level risked creating fragmentation across devices, complicating software updates and compromising user choice.

Senior executives from major handset brands expressed relief at the reversal, noting that the directive had introduced uncertainty at a time when the phone market is preparing for a competitive year-end cycle. Apple, which typically restricts preinstalled third-party apps to maintain strict control over its ecosystem, had reportedly conveyed through official channels that compliance would conflict with long-standing platform policies. That position highlighted the technical complexities of enforcing a uniform preinstallation rule across operating systems that function on entirely different architectures. Android phone makers had also raised procedural questions, cautioning that mandatory system additions could require extensive vetting, security reviews and manufacturer-specific testing.

The broader industry reaction underscored concerns about data governance and user rights. Digital rights groups argued that preloading state-linked applications without explicit user consent could set a troubling precedent, even if the stated aim of the app was consumer protection. Cybersecurity specialists added that any software embedded at the system level must undergo rigorous, transparent auditing to prevent vulnerabilities that malicious actors could exploit. They warned that compulsory integration could expand the attack surface on devices at a time when financial fraud, phone cloning and identity theft cases continue to grow.

Officials involved in policymaking acknowledged that the industry’s logistical and legal objections played a decisive role in halting the order. They said the withdrawal would allow departments to reassess the technical feasibility of the measure and examine alternative ways to boost the adoption of Sanchar Saathi without imposing new conditions on manufacturers. The platform, launched by the Department of Telecommunications, has gained traction through voluntary use, particularly for blocking stolen phones via the Central Equipment Identity Register. Policymakers are studying whether awareness campaigns, improved onboarding flows and coordination with telecom operators could enhance user uptake more effectively than preinstallation.

Market analysts described the reversal as a pragmatic move aimed at preventing friction between the government and global technology firms, particularly at a time when the country’s digital manufacturing ambitions remain in focus. Apple, which has expanded iPhone assembly through local partners, is seen as a critical participant in that strategy. Analysts said any regulatory action that appears to conflict with its operating standards risks diluting investment momentum. They added that Android manufacturers, many of whom operate extensive local supply chains, would also have faced significant re-engineering work to align with the directive.

Industry groups emphasised that while supporting consumer safety initiatives, they prefer interventions that preserve user autonomy and maintain consistent software governance standards. Stakeholders reiterated that preinstallation mandates, unless narrowly tailored and transparently justified, can lead to compatibility issues and unintended consequences across a diverse device ecosystem. They also highlighted that global smartphone markets increasingly recognise the importance of limiting bloatware and avoiding compulsory system-level apps that cannot be removed by users.

Arabian Post Staff -Dubai Users of watchOS 26.2 will notice an adjustment in how nightly sleep is assessed and improvements to device connectivity for users in the European Union, among other performance enhancements. The Sleep Score feature has been recalibrated: the top classification is now “Very High” and the thresholds for all bands have been shifted to better reflect typical sleep experiences. This recalibration stems from new […]

Seamless Access Across Time Zones with Preferential Brokerage Fee HONG KONG SAR – Media OutReach Newswire – 4 December 2025 – Dah Sing Bank, Limited (“the Bank”) announced the extension of its US stock trading service to 24 hours*, offering investors round-the-clock trading experience. The US equity market remains the largest globally by market capitalisation and continues to be a key focus for investors. In recent years, […]

By Dr. Gyan Pathak When Indian rupee was falling in the Mumbai market against US dollar on Wednesday, December 3, 2023 – sliding past the 90-a-dollar mark for the second day, plumbing a new low of 90.29 in the morning trade after opening flat at 89.96, analysts were pegging the next level for the beleaguered […]

The article CEA’s Calmness Over Steep Fall Of Rupee Ignores Key Risks To India appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The Connecticut Department of Consumer Protection has ordered Kalshi, Robinhood and Crypto. com to stop offering sports-event contracts to state residents and to allow withdrawal of all funds held on their platforms. The move puts Connecticut among a growing number of states rejecting the argument that such contracts constitute federally regulated derivatives rather than gambling.

The cease-and-desist letters cite multiple violations: the trio lacked a Connecticut sports betting licence, were offering wagers to individuals under the state’s minimum age of 21, and were targeting individuals on the state’s self-exclusion list and college campuses. Regulators flagged these practices as unfair and potentially open to insider trading, given the platforms’ broader access to events with widely known outcomes. The state warned of civil or criminal action if platforms did not comply.

The action in Connecticut comes after a series of legal defeats for Kalshi in several states. In Nevada, a federal judge ruled that Kalshi is subject to state gaming laws, rejecting its claim that only the federal Commodity Futures Trading Commission has jurisdiction over its contracts. That decision freed state regulators to enforce gaming rules against the firm. Previously, regulators in Arizona, Maryland, Illinois, Montana, Ohio and New Jersey had also issued similar orders, some of which led to ongoing litigation.

In Nevada, following the judge’s ruling, Robinhood suspended new sports-event contracts effective December 1, with Crypto. com taking a similar step. Kalshi, however, opted to appeal rather than shut down — underscoring a broader conflict over whether state gambling laws or federal derivatives regulation should govern this space.

Finding the best conference room in Abu Dhabi is essential for hosting productive meetings, impactful presentations, and memorable corporate events. As the emirate continues to grow as a global business hub, its meeting and event spaces have evolved to match world class standards.  Whether you are planning a board meeting, training session, investor presentation, or full scale corporate gathering, Abu Dhabi offers state of the art venues […]

By K Raveendran The steady erosion of trust between political parties and the Election Commission has become one of the more troubling developments in India’s democratic life, revealing an institutional drift that carries implications well beyond a single electoral cycle. The body entrusted with safeguarding the integrity of elections is expected to serve as an […]

The article An Election Commission That Treats Critics As Enemies Has No Place In Democracy appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

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