Backed by the Uzbekistani sum and backed by sovereign bonds, HUMO is a state-sponsored digital currency for which Uzbekistan has started a pilot project. The project indicates a major shift in the country’s overall strategy to digitize its economy and use blockchain for honest and inexpensive financial services. HUMO: A Sovereign-Pegged Digital Currency Anchoring Blockchain Innovation Providing a rare example ...
The 90-day tariff truce between the US and China is expected to increase shipments and production over the next three months. The de-escalation also provides relief for China’s economy. “We now believe H1 growth will be stronger than previously expected, but growth in H2 will be under pressure due to the uncertain trade outlook beyond the 90-day period,” Tommy Wu, ...
Asian equities ended mixed on Tuesday, as the initial optimism surrounding the weekend’s US-China trade agreement gave way to caution. Investors scaled back expectations of aggressive interest rate cuts by the Federal Reserve and questioned the durability of the 90-day tariff truce. Ratings agency Fitch noted that the US effective tariff rate has now eased to 13.1% from 22.8% after ...
On border security, support for Israel and diplomacy with President Donald Trump, Sen. John Fetterman, D-Pa., has bucked the Democratic Party on key issues since assuming office in 2022. A string of media reports emerged this month detailing Fetterman’s alleged cognitive decline and waning support within the Democratic Party. A New York Magazine report sparked questions about Fetterman’s mental stability. ...
As struggling drugstore chains work to regain their footing, Walgreens is doubling down on automation. The company is expanding the number of retail stores served by its micro-fulfillment centers, which use robots to fill thousands of prescriptions for patients who take medications to manage or treat diabetes, high blood pressure and other conditions. Walgreens aims to free up time for pharmacy staff, reducing their routine ...
Shedeur Sanders has the correct mindset as he embarks on his NFL career. The Cleveland Browns rookie quarterback isn’t discouraged by his much-publicized draft slide. Nor is Sanders operating like a fifth-round pick on the roster bubble. Sanders is conducting himself as though he has a chance to be the Browns starting quarterback. “My job here isn’t to prove people ...
C29 Metals (C29:AU) has announced Multiple New Multi-Commodity Targets Download the PDF here. This post appeared first on investingnews.com ...
Shiba Inu (SHIB) price is eyeing massive gains to a new high of $0.0001 after forming a bullish pattern after a buy signal appeared on the weekly chart. The second-largest meme coin has been tipping north, with the rally continuing despite the recent losses recorded by long buyers, suggesting that buyers are more active than sellers. At press time, SHIB ...
Following discussions in Geneva, China and the US have agreed to a trade war truce, effective Wednesday, which will reverse most tariffs and other retaliatory measures. The US will reduce recently imposed tariffs on China from 145% to 30%, while China will decrease its tariffs on America from 125% to 10%, according to a Reuters report. Existing tariffs predating April ...
Following discussions in Geneva, China and the US have agreed to a trade war truce, effective Wednesday, which will reverse most tariffs and other retaliatory measures. The US will reduce recently imposed tariffs on China from 145% to 30%, while China will decrease its tariffs on America from 125% to 10%, according to a Reuters report. Existing tariffs predating April ...
JERUSALEM — With President Donald Trump set to leave for the Middle East on Monday, talks between the U.S. and the Islamic Republic of Iran concluded a fourth round of negotiations in Oman on Sunday over Tehran’s illicit nuclear weapons program. A day before the start of talks, Iranian Supreme Leader Ali Khamenei welcomed chants of ‘Death to America’ in ...
Epic Games said on Friday that it submitted Fortnite to Apple’s App Store, the month after a judge ruled in favor of the game maker in a contempt ruling. Fortnite was booted from iPhones and Apple’s App Store in 2020, after Epic Games updated its software to link out to the company’s website and avoid Apple’s commissions. The move drew Apple’s anger, and kicked off a ...