-- Japan’s Nikkei 225 index rose to a record high in early trade on Thursday, tracking overnight gains in Wall Street after Federal Reserve Chair Jerome Powell offered the clearest sign yet that interest rates were coming in 2024. Speculation over a potential policy pivot by the Bank of Japan also benefited heavyweight bank stocks,...
Digital Currency Group (DCG), the parent company of the now-defunct cryptocurrency lending platform Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James. Additionally, DCG founder and CEO Barry Silbert has filed a motion to dismiss the accusations that he concealed losses at the firms, allegedly leading...
To align with EU standards, the United Kingdom unveiled plans on March 6 to integrate both stablecoins and central bank digital currencies (CBDCs) into its regulatory structure. Former Bank of England (BoE) official Varun Paul detailed the UK’s effort to catch up with the rest of the European Union in crypto regulation in a report...
Today, Spanish data regulator Agencia Española de Protección de Datos (AEPD) instructed Sam Altman’s Worldcoin to halt its operations in the country. This includes stopping the collection of private data through eye scans and ceasing the use of previously gathered data, according to the Financial Times. Spain is the first European country to suspend Worldcoin...
On-chain AI project Fetch.ai has announced the launch of Fetch Compute following a $100 million investment in the project’s infrastructure. Fetch Compute is a suite of tools and training capabilities for developers and users working with AI. It bills itself as a project “designed to supercharge participant’s ability to create advanced applications to deepen the...
By James Pearson and Christopher Bing WASHINGTON (Reuters) -The hackers responsible for the breach at UnitedHealth Group (NYSE:UNH) appear to have pulled a disappearing act on Tuesday, leaving their cybercriminal associates in the lurch and replacing their old website with a bogus statement from law enforcement. The U.S. insurer disclosed on Feb. 21 that Blackcat...
By David Shepardson WASHINGTON (Reuters) - The chair of the National Transportation Safety Board will tell the Senate Commerce Committee on Wednesday the agency needs more funding and warn cuts could put probes into aviation and rail accidents at risk. NTSB Chair Jennifer Homendy will tell a committee hearing, in written testimony seen by Reuters,...
European stocks drifted lower on Tuesday amid disappointment from the lack of fresh supportive measures in top consumer China and signs the U.S. Federal Reserve is in no hurry to cut interest rates. In economic releases, a survey showed Business activity in the eurozone\'s key services sector picked up to a seven-month high in February....
By Ananya Mariam Rajesh (Reuters) -Nordstrom forecast annual results largely below Wall Street expectations on Tuesday, signaling a slower-than-expected rebound in demand even as consumers see some relief from easing inflationary pressures, sending shares down 10% after the bell. The company joins Macy\'s (NYSE:M) in signaling weak 2024 sales as retailers brace for another year...
The Bank for International Settlements said the global central banks are close to victory in the fight against inflation. BIS Head of Monetary and Economic Department Claudio Borio said the decisive action taken by central banks prevented inflation from becoming entrenched. BIS, which is the bank for central banks, expressed cautious optimism over inflation outlook....