Indian shopkeepers sell summer fruit watermelons at their roadside stalls in a market area in Siliguri, India on May 2, 2025. Watermelon is a very popular fruit during the summer season. Diptendu Dutta | Afp | Getty ImagesIndia’s headline inflation eased to 3.16% in April, the sixth consecutive month of decline.The reading was lower than March’s data of 3.34%, and is lower than the 3.27% expected by economists polled by Reuters.This was the sixth straight month that the inflation fell.Food inflation, which is a key inflation metric in the country, dipped to 1.78% in April, from March’s figure of 2.69%.Bank…
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President Trump and his business partners promoted it as the world’s most “EXCLUSIVE INVITATION” — a dinner with the president of the United States for the cryptocurrency investors who bought the most of his family’s memecoin, called $TRUMP.But as the unusual contest came to a close on Monday, at least 17 of the 220 winning bidders had figured out a way to effectively outsmart the sponsors of the contest.These crypto investors had secured an invitation to the dinner even though their online wallets showed that they held zero of the memecoins, a type of novelty digital currency often based on…
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022.Source: NYSEStock futures fell in early Tuesday following a big rally, as investors look ahead to a key inflation report Tuesday morning.Futures on the Dow Jones Industrial Average inched down 108 points, or 0.25%. S&P 500 futures and Nasdaq 100 futures fell 0.4% and 0.46%, respectively.The consumer price index, a broad measure of goods and services costs across the U.S. economy, is expected to remain at a 2.4% rate in April on a year-over-year basis, according to the Dow Jones consensus. Excluding food and energy, so-called core…
TEGERNSEE, GERMANY — Top German business leaders, economists and politicians descended onto a small, picturesque Bavarian town situated next to the iconic Tegernsee lake last week to share their hopes and discuss what’s at stake for the new government.Buoyed by recent positive market sentiment for Europe’s largest economy, attendees at the summit were united in their call for the new administration to step up and honour campaign promises. Any missteps would likely not be tolerated, with some business leaders warning the government cannot allow itself a “lazy summer.”Despite rain and low hanging clouds providing a somewhat dreary backdrop to the…
The logo of McDonald’s (MCD) is seen in Los Angeles, California.Lucy Nicholson | ReutersMcDonald’s on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer.While McDonald’s has long been one of President Donald Trump’s culinary favorites, the company has been cozying up to his administration during his second term. The company likely hopes to stay in Trump’s good graces and avoid obstacles to its business, like Health and Human Services Secretary Robert F. Kennedy Jr.’s “Make America Healthy Again” agenda or unfavorable regulation by the Department of Labor.For…
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesPresident Donald Trump on Monday moved forward with a plan to lower U.S. drug costs by linking prices to those paid in other developed countries – a proposal he will have a tough time putting into effect, experts said.Trump signed a sweeping executive order directing several federal agencies to renew that effort to cut prices, called the “most favored…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBinance CEO Richard Teng says the crypto industry has gained ‘extremely strong’ momentum as clearer regulations and stablecoins drive cheaper, faster cross-border payments. Source link
China has long tapped Latin America to supply oil, iron ore, soybeans and other commodities, all drivers of growth for many Latin American countries. But also a source of frustration for those that hope to grow their economies and exports with more than mining and farm goods.China’s leader, Xi Jinping, is trying to show that he is listening. He told a gathering of Latin American leaders and officials in Beijing on Tuesday that he wanted to expand cooperation in “emerging areas,” including clean energy, telecommunications and artificial intelligence.Speaking a day after China and the United States announced a provisional reduction…
SoftBank CEO Masayoshi Son delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | ReutersSoftbank’s Vision Fund business on Tuesday posted a loss in the fiscal year ended March as it booked slowing gains at its massive tech investment arm.SoftBank said it notched a gain on investment at its Vision Funds of 434.9 billion yen in the fiscal year, a 40% fall from the 724.3 billion yen booked in the previous year. The Vision Fund segment overall logged a pretax loss of 115.02 billion yen ($777.7…
Crypto.com logo displayed on a phone screen with representation of cryptocurrencies.Nurphoto | Nurphoto | Getty ImagesDubai’s Department of Finance announced a partnership with crypto platform Crypto.com that will allow government service fees to be paid with cryptocurrencies.The memorandum of understanding between Dubai government officials and Mohammed Al Hakim, president of Crypto.com UAE, was signed Monday on the sidelines of the Dubai FinTech Summit.Government officials said in a press release that the partnership will help achieve the “Dubai Cashless Strategy,” which seeks to solidify Dubai’s status as a leading digital city. The strategy aims to reach 90% cashless transactions across Dubai’s…
