China has not released specific regulation around non-fungible tokens. But technology platforms like Tencent’s WeChat are taking a cautious approach to prevent speculation with NFTs.Sopa Images | Lightrocket | Getty ImagesTencent’s WeChat app is indispensable for people in China.It has 1.4 billion monthly users and is the main messaging service in the country. But it is more than just a way to chat with friends and family. WeChat is often dubbed a super-app because, within the program, you can access many different features like mobile payments and services, such as gaming, booking flights and even paying utlity bills.Tencent executives think…
Author: usaeverydaylife
SEOUL, SOUTH KOREA – 2025/04/16: An APEC 2025 large-scale promotional video and a statue of King Sejong the Great are seen at Gwanghwamun Square in central Seoul. Sopa Images | Lightrocket | Getty ImagesAn intergovernmental grouping of 21 economies including the United States and China warned Thursday that their collective growth risks a sharp slowdown, as tariff tensions and policy uncertainty weigh on investment and trade.The Asia Pacific Economic Cooperation forecasts growth to drop to 2.6% in 2025, from 3.6% in the prior year.”From tariff hikes and retaliatory measures to the suspension of trade facilitation procedures and the proliferation of…
Donald Trump (L) and Russia’s Vladimir Putin arrive to attend a joint press conference after a meeting at the Presidential Palace in Helsinki, on July 16, 2018. Yuri Kadobnov | Afp | Getty ImagesHopes that Ukraine and Russia’s leaders would meet for peace talks in Turkey on Thursday were dashed as Kremlin leader Vladimir Putin and White House counterpart Donald Trump opted to skip the trip.Ukrainian President Volodymyr Zelenskyy had come under pressure from Trump to participate in talks in Istanbul, but had said he would only do so if the Russian president was present. Russian President Putin had signaled last…
UK economy grows 0.7% in first quarter, but bounce expected to be short-livedThe U.K. economy grew 0.7% in the first quarter of 2025, according to a preliminary estimate from the U.K.’s Office for National Statistics released on Thursday.Economists polled by Reuters had expected the country’s gross domestic product (GDP) to expand by 0.6% over the period, up from the 0.1% and zero growth in the fourth and third quarters, respectively. The ONS said first-quarter growth “was driven by an increase of 0.7% in the services sector, production also grew, by 1.1%, while the construction sector showed no growth.”Deutsche Bank Economist…
Vials move along a conveyor at the Novo Nordisk A/S production facilities in Hillerod, Denmark, on Monday, June 12, 2023. The success of Novo’s bestsellers Ozempic and Wegovy, drugs that help people lose significant amounts of weight, has created something of a gold rush in the pharma industry with about 40 companies developing products that will intensify competition. Bloomberg | Bloomberg | Getty ImagesDenmark’s economic growth, which economists say is due to an “exceptional surge” in pharmaceutical exports, is expected to weaken this year — but the looming threat of U.S. tariffs on the pharma industry won’t be much of a…
Critical minerals such as cobalt, nickel, copper and manganese can be found in potato-sized nodules at the bottom of the seafloor.Pallava Bagla | Corbis News | Getty ImagesU.S. President Donald Trump’s critical minerals drive looks set to pave the way for a gold rush on the ocean floor.Seeking to counter China’s mineral dominance, the Trump administration in April signed a sweeping executive order to fast-track deep-sea mining within U.S. and international waters.The move is designed to help private companies access billions of tons of potato-sized rocks known as polymetallic nodules, which are rich in strategically important minerals.The U.S. National Oceanic…
Three countries on President Trump’s Middle East tour this week are also the sites of recent investments in Trump businesses that benefit the president. Eric Lipton, an investigative reporter for The New York Times, describes those investments, and what those countries — Saudi Arabia, Qatar and the United Arab Emirates — are, at the same time, seeking from Mr. Trump and the United States. Source link
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty ImagesWalmart will report its quarterly earnings before the bell on Thursday, as investors and economists gauge the strength of the U.S. consumer and the impact of higher tariffs on the retail industry.Here’s what Wall Street is expecting for the fiscal first quarter, according to a survey of analysts by LSEG:Earnings per share: 58 centsRevenue: $165.88 billionWalmart has advantages that could help it weather an uncertain economy. As the nation’s largest grocer, it sells food and necessities that drive steadier store and website…
Wednesday’s market moves gave Wall Street little to celebrate, but the relatively calm session could be a sign that the environment has made a welcome shift toward something closer to normal. The S & P 500 shuffled between modest gains and losses throughout the session, ultimately closing up a mere 0.1%. But even at its lows of the day — around 5,872 — the index was well above a key range identified by Jason Hunter, the head of technical strategy at JPMorgan. He said in a note to clients late Tuesday that the U.S. market appears to have jumped out…
Asia is set to see a travel boom, and countries in the region are gearing up to exploit this surge in demand.Singapore’s Changi Airport on Wednesday broke ground on its fifth terminal, which is expected to be operational in the mid-2030s.The new terminal, which sits on a plot of land 1,080 hectares large, will almost double the size of Changi Airport’s existing area.This will allow the airport to handle 140 million passengers per year from its current capacity of 90 million passengers. Changi, which was most recently awarded Skytrax’s “World’s Best Airport” in 2025 for the 13th time, welcomed 67.7…
