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Hong Kong is loosening regulations to boost virtual-asset trading liquidity and strengthen its role as a fintech hub. The Securities and Futures Commission (SFC) announced that locally licensed virtual-asset trading platforms (VATPs) will now be able to share their order books globally with overseas affiliates. This replaces a rule that kept Hong Kong’s platforms ring-fenced. …
Australia’s third-largest lender, Westpac Banking Corp, announced its annual profit fell to A$6.99 billion for the year ending September 30, 2025, down from A$7.11 billion a year earlier. Despite the dip, the result surpassed analysts’ expectations of around A$6.83 billion. The bank pointed to intense competition in the home-loan market and a narrowing net interest…
A coalition of major investors overseeing approximately US $18 trillion in assets is calling for the creation of a new agency to monitor the global minerals market. Modeled after the International Energy Agency (IEA), the proposed International Minerals Agency (IMA) would track global demand and supply of critical minerals. These include lithium, cobalt and others…
Donald Trump sat down with Norah O’Donnell at his Mar-a-Lago estate for an exclusive interview airing on 60 Minutes this Sunday. This marks Trump’s first sit-down with the program since his network, CBS News, parent company settled a lawsuit. Earlier this year, CBS’s parent company agreed to a roughly US $16 million settlement with the…
Global markets kicked off Monday with a cautious tone as investors shifted focus to private jobs data in the U.S., due to the ongoing government shutdown delaying official employment figures. The U.S. dollar held near a three-month high, reflecting expectations that the Federal Reserve may delay further rate cuts. Meanwhile, the euro hovered at its…
The U.S. dollar hovered near a three-month peak on Monday as investors awaited critical U.S. economic releases. These data points are seen as decisive for the Federal Reserve’s next move on interest rates. Markets have scaled back expectations for a December rate cut following a recent 25-basis-point reduction and hawkish commentary from the Fed. Currency…
ExxonMobil CEO Darren Woods has warned that the company may pull out of Europe if the Corporate Sustainability Due Diligence Directive (CSDDD) is not significantly revised. The directive, adopted by the European Union, requires companies operating in the bloc to tackle human-rights and environmental risks across global supply chains. Firms found non-compliant could face fines…
When he was a teenager, Daniel Kelley immersed himself in online gaming and hacking forums. He started by seeking revenge after a rival’s DDOS attack. Then his curiosity spiraled into cybercrime — including blackmail and fraud. Kelley eventually faced justice. At age 19, he was charged in connection with a major telecom data breach and…
At just 18 years old, Robert Mukhametov has already launched three AI-powered apps that cracked the Top 100 in app stores. Based in Cyprus, he runs his startup entirely without outside funding. Mukhametov says his week now stretches to nearly 100 hours, splitting his time between coding, managing the team and dreaming up the next…
European startup Octonomy has secured $20 million in a seed funding round to expand its agentic AI platform designed for managing intricate enterprise workflows. Founded in early 2024 and based in Cologne, Germany, Octonomy builds AI “agents” that go beyond simple chatbots. Instead, these agents interpret complex technical manuals, wiring diagrams, system logs and multiple…
