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DataBank has appointed Rob Johnson, the former chief executive of Vertiv, and Daniel Sturman, previously chief technology officer at Roblox, to its board of directors, sharpening the edge data centre operator’s leadership bench as artificial intelligence workloads reshape infrastructure demand. The Dallas-based company confirmed the additions as it expands capacity across the United States to support enterprises deploying AI, cloud computing and latency-sensitive applications. The appointments bring […]

Tokyo’s prime minister, Sanae Takaichi, has publicly disavowed any connection to a Solana-based meme cryptocurrency that suffered a dramatic collapse in value, asserting she and her office were unaware of its creation or trading activity. The digital token, which briefly had an eye-catching market cap in the tens of millions of dollars, has lost significant ground following her statement, underscoring the tangled dynamics between high-profile political figures and speculative crypto markets.

Takaichi took to her official social media account to address questions about the asset, which adopted her given name and circulated on the Solana blockchain. She said there appeared to be “various misunderstandings” over the name and market activity, stressing she had no prior knowledge of the token and that neither she nor her administration had authorised or endorsed it. The prime minister urged caution among investors and the broader public.

The token, widely referred to in trading circles as a meme coin, experienced wild fluctuations before its value slid by about three-quarters from earlier highs, according to market data. At one point, it drew attention with an inflated valuation that some tracking sites estimated around $27.7 million, although such figures can be volatile and highly sensitive to trading volume and liquidity levels on decentralised platforms.

Analysts say meme coins — especially those leveraging the names or likenesses of well-known personalities — have become a volatile sub-segment within the broader cryptocurrency ecosystem. These assets often lack a fundamental use case and instead draw speculative interest from traders betting on social momentum. When official figures distance themselves from such projects, confidence can evaporate quickly, leading to sharp price corrections.

Japan has long been among the more stringent jurisdictions in setting regulatory frameworks for digital assets. Its Payment Services Act and Financial Instruments and Exchange Act establish registration requirements and investor protection mechanisms for exchanges and token issuers operating within the country. However, this governance framework primarily targets regulated entities, leaving decentralised creations like meme tokens in a less clear-cut category. That regulatory ambiguity complicates efforts to police tokens that may be named after public figures without consent.

The sharp downturn in the coin’s price following Takaichi’s statement reflects how sentiments can shift dramatically in unregulated corners of crypto markets. Traders who had driven speculative interest in the token — buoyed by social media buzz — appear to have retreated as the prime minister’s denial circulated. Some onlookers also noted that meme coins relying on novelty or persona-based branding are particularly susceptible to pump-and-dump patterns, rewarding early holders at the expense of later investors when momentum fades.

Legal experts note that the use of a serving head of government’s name for a speculative financial instrument raises both ethical and legal questions. “The unauthorised use of a public official’s name in association with a financial product can mislead investors about endorsement or legitimacy,” said a fintech law specialist at a Tokyo university. “Enforcement is difficult when creators remain anonymous and operate outside regulated frameworks, but it invites scrutiny from both legal and policy perspectives.”

Market participants following the episode have pointed to wider trends in the crypto space. Solana, the blockchain on which the token was launched, is favoured by some developers for its low transaction costs and fast settlement times, making it a popular choice for experimental tokens and decentralised applications. Yet this very accessibility can also lower barriers for projects that have little substantive backing or oversight, heightening risk for retail investors.

For Japan’s financial regulators, the incident highlights the ongoing challenge of balancing innovation and investor protection. While the country has taken significant steps to legitimise and supervise digital asset markets, decentralised and anonymous token creations sit outside conventional regulatory reach. As such tokens proliferate beyond mainstream exchange listings, authorities may confront pressure to clarify how existing laws apply or to craft new measures tailored to emerging market behaviours.

Kenya holds sufficient petroleum stocks to cushion the country and its regional partners from supply disruptions linked to conflict in the Middle East, Energy and Petroleum Cabinet Secretary Opiyo Wandayi has said, seeking to calm fears of shortages and price spikes. Wandayi stated that the country’s strategic and commercial fuel inventories remain within statutory requirements, with diesel, petrol and jet fuel volumes adequate to meet domestic consumption […]

Tether has appointed Deloitte to provide an independent attestation of reserves backing its new USAT stablecoin, marking a notable step in the issuer’s long-running effort to bolster transparency around its dollar-linked tokens. The engagement, confirmed by the company, will result in a third-party report verifying assets held against USAT at a specified date. Unlike a full financial audit, the attestation offers a point-in-time snapshot of reserves and […]

By Ashok Nilakantan Ayers NEW YORK: The war that began with a lightning decapitation strike has settled into something far more uncertain. President Donald Trump said Tuesday that U.S. military operations against Iran could last “four to five weeks” — and possibly “far longer.” Across the Atlantic, Prime Minister Benjamin Netanyahu defended Israel’s decision to […]

The article Trump-Netanyahu’s Iran War May Be Prolonged Involving More Countries appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Stock markets across India tumbled sharply as escalating conflict involving the United States, Israel and Iran heightened geopolitical risks and rattled investor confidence. The benchmark Sensex plunged by more than 1,000 points, slipping beneath the 81,000 mark, while the Nifty 50 index lost upwards of 300 points, breaching the crucial 25,000 support level as traders moved out of riskier assets. Over two trading sessions, equities have shed value significantly, wiping out approximately ₹11 lakh crore in market capitalisation, underlining how swiftly global geopolitics can translate into domestic financial stress.

The sell-off was driven by escalating military strikes between the United States and Israel against Iran, which led to the death of Iran’s Supreme Leader and triggered retaliatory actions across the region. This surge in hostilities has directly affected energy markets, pushing Brent crude oil prices upwards as disruptions along the Strait of Hormuz — a vital chokepoint for roughly a fifth of global oil shipments — raised concerns about supply. Higher oil prices have increased input costs for energy-importing economies and amplified inflationary pressures, prompting investors to reassess risk assets.

The immediate impact on Indian markets was stark. On Monday, the Sensex closed more than 1.3 per cent lower, its lowest finish in nearly six months, while the volatility index jumped sharply, reflecting heightened unease among traders. Nifty 50’s weakness on the trading floor mirrored broader pressure across key sectors, with energy, infrastructure and export-linked stocks bearing the brunt as sentiment deteriorated. Safe-haven assets such as gold saw notable gains as buyers sought refuge from equity market turmoil.

Analysts point out that crude oil’s swift ascent — fuelled by concerns over prolonged conflict and chokepoint disruptions — directly affects inflation and corporate margins. India imports a significant share of its crude from the Middle East, meaning sustained higher oil prices could widen the current account deficit and constrain monetary policy flexibility. As the cost of imported fuel rises, transport and manufacturing sectors may face margin pressure, posing broader economic challenges.

Sector-specific reactions were evident as aviation and consumer discretionary firms underperformed sharply, enduring heavier selling than other segments. Airlines canceling or rerouting flights due to closed Middle Eastern airspace compounded operational uncertainties for carriers with significant exposure to that region. By contrast, stocks of certain energy producers saw modest strength, as rising oil benchmarks can enhance their near-term earnings prospects.

Foreign institutional investors have been net sellers, exacerbating downward pressure on domestic bourses. Data from market intermediaries show significant outflows amid rising global risk aversion, with liquidity flowing into traditional safe havens including U. S. Treasuries and precious metals. This rotation underscores how geopolitical stress can quickly reframe investment priorities, often to the detriment of emerging market equities.

Currency markets reflected the strain, with the rupee depreciating against major currencies as capital outflows intensified. A weaker rupee further amplifies the impact of higher crude prices, raising import bills and potentially catalysing inflation. Bond markets reacted in kind, with yields on government securities climbing as investors demanded higher compensation for perceived risk and inflation expectations shifted.

Corporate India is also grappling with broader trade and supply chain disruptions. Chambers of commerce and industry bodies have flagged operational headwinds for exporters and manufacturers due to heightened shipping costs and logistical bottlenecks triggered by the conflict. Industries dependent on Middle East trade corridors or commodities now expect cost pressures and delivery delays that could dampen growth prospects over the quarter.

Global markets have not been immune to the fallout. European indices also slid as energy prices climbed and investor risk appetite waned, while U. S. equity futures oscillated amid mixed signals from corporate earnings and macroeconomic data. The global ripple effect highlights how interconnected financial systems are with geopolitical developments, where shocks in one region can quickly transmit across borders.

Arabian Post Staff -Dubai Barcelona set the stage for what could be a defining moment in mobile innovation as Honor unveiled its Robot Phone at the Mobile World Congress 2026, positioning the device as a radical departure from conventional smartphones. Described by the company as a “new species of smartphone,” the Robot Phone blends advanced imaging, motion intelligence and interactive AI to create a device that not […]

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Bitmine Immersion Technologies has disclosed the purchase of 50,928 Ethereum, significantly boosting its position in the second-largest cryptocurrency by market capitalisation as global markets weigh broader geopolitical tensions and digital asset volatility. The acquisition pushes the publicly traded firm’s total ETH holdings to approximately 4.47 million tokens, equivalent to about 3.71 per cent of the total Ethereum supply, underscoring an aggressive treasury strategy that seeks to scale […]

BlackRock’s transfer of more than $74 million in bitcoin to Coinbase has drawn scrutiny across cryptocurrency markets, highlighting institutional behaviour and sparking fresh debate on the purpose of large-scale asset movements among major financial players. On the blockchain, wallets linked to the world’s largest asset manager deposited 1,134 bitcoin — valued at roughly $75 million — into Coinbase Prime over a brief window, an action that analysts […]

Arabian Post Staff -Dubai QatarEnergy, the state-owned energy company of Qatar, has halted production at its liquefied natural gas export facilities following Iranian drone strikes, triggering a major surge in global gas prices and underscoring vulnerabilities in energy markets. The suspension of operations at the Ras Laffan and Mesaieed Industrial City complexes, which together constitute the largest LNG export infrastructure in the world, has removed roughly one-fifth […]

Arabian Post Staff -Dubai Dubai Airports will restart a limited number of flights from Dubai International and Dubai World Central – Al Maktoum International this evening, March 2, following a period of disruption that left thousands of passengers stranded and forced widespread cancellations. The operator said only a small number of services will operate during the initial phase and urged travellers not to proceed to either airport […]

Arabian Post Staff -Dubai A drone strike triggered a fire at a fuel tank terminal in Musaffah, Abu Dhabi’s industrial zone, prompting an emergency response that authorities said brought the situation under control without disrupting operations. Abu Dhabi’s media office stated that local authorities dealt swiftly with the blaze after a drone targeted the facility. The fire was contained and no injuries were reported. Officials added that […]

  Trading on the Abu Dhabi Securities Exchange and Dubai Financial Market will pause on Monday and Tuesday after the Securities and Commodities Authority announced a temporary closure of the country’s capital markets amid heightened regional uncertainty. The regulator confirmed that activity across the UAE’s bourses will be suspended on 2 and 3 March 2026, adding that it is closely following developments in the region and will […]

Arabian Post Staff -Dubai Saudi Arabia’s state-owned energy behemoth Saudi Aramco shut down its massive Ras Tanura oil refinery on Monday after the facility was struck by drones amid a widening Middle East conflict that has drawn in regional powers and global markets. The refinery, one of the kingdom’s most critical energy assets with a processing capacity of about 550,000 barrels per day and a vital crude […]

By K Raveendran Brent crude ended the week near seven-month highs at roughly $73 a barrel, extending gains of about 16 per cent since the start of the year and injecting a fresh layer of uncertainty into the global macro outlook. Traders are now modelling far wider trading bands for the coming sessions, with several […]

The article A New Oil Shock For India: Crude At $80 Means Serious Trouble appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

India’s economic expansion has moderated to 7.8 per cent, yet the country continues to outpace other major economies, reinforcing its position as the fastest-growing large market amid a fragile global backdrop.

Official data released by the Ministry of Statistics and Programme Implementation showed that gross domestic product growth eased compared with earlier quarters, reflecting softer manufacturing momentum and uneven external demand. Even so, the figure places India ahead of the United States, China, Japan and the euro area, where growth rates remain significantly lower.

The government’s updated projections under the revised national accounts data series marginally lifted the full-year estimate for the financial year ending March 31. Growth for 2025/26 is now projected at 7.6 per cent, supported by strong domestic consumption, resilient services exports and sustained public capital expenditure. The revision follows adjustments in base year calculations and improved data capture across informal and digital sectors.

Finance ministry officials have maintained that macroeconomic fundamentals remain intact. Gross fixed capital formation has shown steady expansion, underpinned by infrastructure outlays in transport, railways and energy. Private sector investment has begun to recover after a prolonged period of balance sheet repair, although it has not yet matched the pace of public spending.

Manufacturing output, a key pillar of the government’s production-linked incentive schemes, displayed mixed trends. Electronics and pharmaceuticals recorded robust growth, aided by global supply chain realignments and incentives aimed at boosting exports. However, textiles and certain consumer durables segments faced headwinds from weaker global demand and inventory corrections.

Agriculture provided a stabilising force despite weather-related uncertainties linked to El Niño conditions earlier in the year. Official estimates indicate that foodgrain production remained broadly stable, while rural consumption showed gradual improvement following targeted welfare transfers and support prices for key crops.

Services continued to drive overall growth. Information technology exports, financial services and travel-related activity expanded steadily. The rebound in tourism and aviation, alongside strong digital payments growth, contributed to higher value-added in contact-intensive sectors. Data from the Reserve Bank of India indicate that credit growth has remained in double digits, reflecting demand for retail loans and working capital financing.

Inflation dynamics have been closely monitored. Consumer price inflation eased from earlier peaks but remains sensitive to food price volatility and global energy movements. The central bank has maintained a cautious stance, balancing price stability with growth objectives. Monetary policy decisions have focused on anchoring inflation expectations while ensuring adequate liquidity for productive sectors.

Global comparisons underscore India’s relative strength. The International Monetary Fund has projected growth in advanced economies at below 2 per cent, with China expected to expand at a more moderate pace compared with its historical averages. Analysts note that India’s domestic demand-led model offers insulation against external shocks, though it remains exposed to commodity price swings and geopolitical tensions affecting trade routes.

Fiscal policy has remained expansionary but calibrated. The government has reaffirmed its commitment to fiscal consolidation, targeting a gradual reduction in the deficit as revenue buoyancy improves. Tax collections have exceeded budgeted estimates in several quarters, aided by stronger compliance and digital tracking systems under the goods and services tax framework.

Labour market indicators present a nuanced picture. Urban employment has improved, particularly in construction and services, yet concerns persist regarding job creation in high-value manufacturing. Economists argue that sustaining growth above 7 per cent will require deeper structural reforms, including land and labour flexibility, skilling initiatives and streamlined regulatory processes.

Foreign direct investment inflows have fluctuated amid global capital reallocation, but India remains a preferred destination for long-term investors seeking exposure to a large consumer base and expanding digital infrastructure. Sovereign bond inclusion in global indices is expected to broaden the investor base and reduce borrowing costs over time.

External sector performance has been mixed. Merchandise exports faced pressure from slowing global trade volumes, while services exports and remittances provided offsetting support. The current account deficit remains manageable, supported by strong capital inflows and healthy foreign exchange reserves.

Corporate earnings trends indicate resilience across banking, infrastructure and select manufacturing firms. Equity markets have responded positively to growth data, though volatility persists amid global uncertainty. Rating agencies have acknowledged India’s stable outlook, citing prudent macroeconomic management and structural reforms.

Arabian Post Staff -Dubai Gold prices climbed to fresh highs this week, intensifying debate across financial markets after social media accounts claimed the metal had surged beyond $5,400 an ounce. Trading data from major exchanges, however, show bullion advancing strongly but remaining well below that level, underscoring the volatility and misinformation that often accompany sharp market moves. Spot gold has been hovering near record territory above the […]

Arabian Post Staff -Dubai Saudi Arabia’s benchmark Tadawul All Share Index suffered a sharp sell-off at the open of trading on Sunday, with equities tumbling more than 4 per cent as geopolitical conflict tied to escalating tensions involving Iran and Western forces rattled investor confidence across the Gulf. Traders dumped risk assets within the first minutes of trading, driving the benchmark down to levels not seen in […]

Arabian Post Staff -Dubai Dubai Customs has unveiled a Corporate Resilience Programme aimed at bolstering institutional preparedness, strengthening risk management frameworks and safeguarding long-term operational sustainability as the emirate deepens its role as a global trade hub. The initiative forms part of the authority’s broader strategy to future-proof customs operations against geopolitical shifts, supply chain disruptions and rapid technological change. Officials said the programme will integrate resilience […]

A prominent XRP investor has publicly defended an ambitious $31 price projection for Ripple’s XRP token, arguing that long-term technical indicators and structural shifts in the digital-asset market could propel the cryptocurrency into a new valuation range. The projection, which has circulated widely across trading forums and social media platforms, suggests XRP may be approaching what chart analysts describe as a “springboard” formation. Supporters of the view […]

Crypto markets are drawing fresh attention towards supply-focused narratives as Hyperliquid’s native HYPE token climbed about 5 per cent in tandem with strong weekly gains in Jupiter’s JUP token, propelled by strategic supply interventions that traders believe could tighten circulation and support prices. HYPE’s uptick came despite a significant unlock of tokens this week, raising questions about market resilience around deflationary mechanisms as Bitcoin continued range-bound trading. […]

  Bitcoin’s steep fall from its record highs has wiped out trillions of dollars in market value across the digital assets sector, yet some of the world’s largest financial institutions are signalling that their appetite for the asset class remains intact. At the iConnections Global Alts conference in Miami, attended by hedge funds, private equity firms and institutional allocators, speakers described digital assets as an established component […]

Strategy, the Nasdaq-listed company widely known for its bitcoin treasury focus, increased the annual dividend on its perpetual preferred stock, known as STRC or “Stretch,” to 11.50 per cent, as its common share, MSTR, recorded its eighth consecutive monthly decline. Led by Executive Chairman Michael Saylor, the board approved a 25-basis-point rise in the STRC payout rate for March 2026, marking the seventh adjustment of the variable […]

Polymarket has drawn record global trading activity after a contract tied to possible military strikes involving the United States and Iran surged past $529 million in cumulative volume, placing it among the most heavily traded markets in the platform’s history. Data published on the decentralised prediction platform show that wagers on whether the United States would carry out military action against Iran before a specified deadline eclipsed […]

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