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Donald Trump, accompanied by his two eldest sons and several cryptocurrency entrepreneurs, announced a new digital currency initiative, World Liberty Financial, during a livestream event on Monday. This marks a dramatic shift in Trump’s stance on cryptocurrencies, as he had previously been critical of digital currencies during his earlier campaigns. The timing of the announcement, just months ahead of the U.S. presidential election, has raised eyebrows among supporters and critics alike.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

chipmaker has been hard at work testing the limits of U.S. authority. Semiconductor Manufacturing International Corp., or SMIC, is manufacturing chips with features less than one-15,000th of the thickness of a sheet of paper. The chips pack together enough computing power to create advancements such as artificial intelligence and 5G networks. It's a feat that has been achieved by just a few companies globally — and one that has landed SMIC in the middle of a crucial geopolitical rivalry. U.S. officials say such advanced chip technology is central not just to commercial businesses but also to military superiority. They have been fighting to keep it out of Chinese hands, by barring China from buying both the world's most cutting-edge chips and the machinery to make them.

US elections 2024 has been mostly about the current economic scenario of the country and his visions of making it progress further and also strengthen it over his Presidential tenure, if elected to the White House.

India entered the final of the Hero Asian Champions Trophy with a clinical 4-1 win against South Korea in the semi-final here on Monday. India scored through Uttam Singh (13th minute), skipper Harmanpreet Singh (19th, 45th) and Jarmanpreet Singh (32nd), while Korea's lone goal came from through Yang Jihun (33rd)'s penalty corner conversion. India will take on hosts China in Tuesday's final. Earlier in the day, China defeated Pakistan 2-0 via shoot-out in the first semifinal after the two teams finished 1-1 at the end of regulation 60 minutes. In the previous league stage encounter between the two finalists, India prevailed 3-0.

Vladimir Putin on Monday ordered the regular size of the Russian army to be increased by 180,000 troops to 1.5 million active servicemen in a move that would make it the second largest in the world after China's. In a decree published on the Kremlin's website, Putin ordered the overall size of the armed forces to be increased to 2.38 million people, of which he said 1.5 million should be active servicemen. According to data from the International Institute for Strategic Studies (IISS), a leading military think tank, such an increase would see Russia leapfrog the United States and India in terms of the number of active combat soldiers it has at its disposal and be second only to China in size. The IISS said Beijing has just over 2 million active duty service personnel.

Franck Muller is fully focused on the country, said Erol Baliyan, MD for Middle East, Africa and India at the luxury watch brand in an interview with ET. Ahead of Diwali, Franck Muller hopes to launch its third India focused collection and might also foray into luxury residential real estate here overtime, Baliyan told ET. The Franck Muller Aeternitas at London Gate, Dubai Marina, is set to be the world's tallest residential clock tower with 106 floors. “We are working on a very exclusive project of handcrafted 108 pieces for India and we hope to launch it before Diwali. Our real estate foray has been very successful and we want to do the third project in India. Hopefully, we will have a Franck Muller tower in the skyline in India in future,” he said.

Subscribe to enjoy similar stories. New Delhi: At 8 am on 7 September, a large, 2,600-sq.ft coffee shop quietly opened its doors in Delhi’s affluent Punjabi Bagh West. At first glance, it seemed like just another café in a neighbourhood dotted with them.

Subscribe to enjoy similar stories. A federal appeals court on Monday will consider whether the U.S. government has the right to force TikTok to sever ties with China to keep operating in this country.

Audi factory in Brussels described by the German carmaker as the «cradle» of its electric drive, around 200 picketing workers huddled around a bonfire in the morning drizzle. The firm is considering closing the plant, a move that analysts say is symptomatic of the troubles afflicting Europe's wider electric car industry, amid low demand and competition from China. Audi is a subsidiary of Volkswagen, which earlier this month made the bombshell announcement that it was considering the unprecedented step of closing production sites in Germany.

Indian Navy has started rapid preparations to deploy Humanitarian Assistance and Disaster Relief (HADR) operations in response to the devastating flash floods in Myanmar, in response to Typhoon Yagi. The typhoon, which has originated from the South China Sea, is being recognised as the most powerful storm in Asia this year. The Eastern Naval Command, in coordination with the Eastern Fleet, Base Victualling Yard (BVY), Material Organisation, and INHS Kalyani, has completed the overnight loading of essential relief supplies onto naval ships set to depart from Visakhapatnam.

«What I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out?,» says Sachin Jain, Regional CEO India, World Gold Council Gold prices have hit a record high of $2,570 per ounce. Do you expect this upward trend in gold prices to continue? What is your internal estimate? Where do you see the prices to be going forward because foreign brokerages are expecting gold prices to touch around $2,700 levels. Sachin Jain: So, I will not be able to comment on the recommendations or the target given by Goldman Sachs or any other company. But what I can say is that from a gold point of view, you have to look at the fundamentals of where gold is headed and what are the reasons of those fundamentals, the way they are panning out? First of them is the central bank's buying, that is an important consideration. Second is the consumption demand in jewellery. The third is how the financial markets normally react. And the fourth is normally the new age requirements of gold, which are mostly around to do with new age technology and so on and so forth.

PwC is making «tangible investments» to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company's mainland unit with a record penalty. PwC Zhong Tian LLP was hit with a six-month suspension and a fine of 441 million yuan ($62 million) on Friday over the firm's audit of failed property developer China Evergrande Group . Chinese authorities have been examining PwC's role in Evergrande's accounting practices since the country's securities regulator accused the developer in March of a $78 billion fraud over a period of two years through 2020.

Subscribe to enjoy similar stories. The year 1979 was a pivotal one in Sino-American relations. On a historic visit to the US, Deng Xiaoping, China’s paramount leader, met with US President Jimmy Carter at the White House and attended the Round-Up Rodeo in Simonton, Texas, where he donned a ten-gallon hat and charmed the crowd.

Subscribe to enjoy similar stories. On a recent visit to his hometown of Laixi, in eastern China, Guo Ping received a shock: the local government had sold off a number of state-owned assets, including two reservoirs. The small city’s finances, as well as those in the neighbouring port of Qingdao, were under strain, forcing officials to come up with new sources of revenue.

BEIJING — China's persistent consumption slowdown traces back to the country's real estate slump, and its deep ties to local government finances — and debt.

Subscribe to enjoy similar stories. Crude prices have plummeted 20% since March and are now below $75 per barrel. This has raised hopes of a steep cut in petrol and diesel prices in India, last revised before the general elections.

D Gukesh and Arjun Erigaise, the Indian men scored the necessary 2.5 points out of possible three against Azerbaijan in the fifth round of the 45th Chess Olympiad here on Sunday. It seems like Gukesh and Arjun can do nothing wrong in this Olympiad as they overpowered Aydin Sulemanli and Rauf Mamedov respectively with their white pieces in quick time. Praggnanandhaa played another draw on board two but that only ensured an Indian victory irrespective of the result of Vidit Gujrathi who was playing against Shakhriyar Mamedyarov. After scoring the fifth victory on the trot, the Indian men maintained a clean slate on ten points and they were joined by Vietnam who continued with their impressive show and downed Poland 2.5-1.5.

Before he ran for the Senate in Pennsylvania, David McCormick was a big name on Wall Street as CEO of the world’s largest hedge fund

China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand

Subscribe to enjoy similar stories. DHARAMSALA, India—The Dalai Lama arrived on a golf cart and smiled and waved to the throngs of devotees who had gathered amid the pine trees of the Himalayan foothills to greet him at his home in exile after knee-replacement surgery in the U.S. The 89-year-old Tibetan spiritual leader climbed out and made his way on foot into the temple complex with the help of young monks supporting his weight.