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The bitcoin price topped $98,000 for the first time during European trading and was last up around 2.4% at $96,779.

Adani Group bonds fell 5-10 cents Thursday after a US court indicted chairman Gautam Adani and senior executives over allegations of paying $265 million in bribes to secure solar power contracts in India. Adani Green Energy’s March-issued bond offering 6.7% dropped as much as 15 cents, trading at 78/ 79 cents on the dollar in the early trades. This saw some recovery and closed at 82/83 cents from 94 cents Wednesday

GQG Partners, one of the biggest foreign institutional investors in Adani Group, said it is monitoring the charges filed by the US Attorney's Office for the Eastern District of New York and the Securities Exchange Commission against founder Gautam Adani, group companies and executives. GQG said it is «reviewing the emerging details and determining what, if any, actions for our portfolios are appropriate.» Shares of GQG Partners plunged 20% on the ASX (Australian Securities Exchange) on Thursday, eroding nearly ₹8,100 crore (approx. US $950 million) or 16% of its market value.

AI regulations. Stringent regulations such as the proposed EU Artificial Intelligence Act could potentially undermine the global competitiveness of European AI startups, likely pushing more companies to shift to place like the United States —a seismic blow to Europe’s tech ecosystem, ET has learnt after speaking with multiple industry executives, global founders, and investors at the Slush 2024 event in Helsinki. “The reality is that the regulations here are far removed from the reality of how businesses operate,” said Andreas Klinger, founder of Prototype Capital, an early-stage solo general partner fund based in Berlin. “If we look at the high-risk aspects, everyone will agree, but things get muddier very quickly. I invest in artificial intelligence startups, so I have a good sense of what is likely to happen.”

generative AI came into the spotlight – is stabilising. Staffing experts are noticing a plateauing in the need for specialist prompt engineers, with businesses seeking AI engineers with a broader skill set as techniques like retrieval augment generation or grounding, fine-tuning, and continual pre-training are seeing increasing innovation and relevance, and tools to automate prompt optimisation are emerging. Prompt engineers are people who optimise prompts to ensure accurate and desirable output from Gen AI models. “Prompt engineering and demand for prompt engineers is by scope and nature highly seasonal and short-termed,” said Krishna Gautam, business head — direct hiring — at specialist staffing firm Xpheno. “The role's eventual output is to enhance the intuitive capabilities of the AI, including the ability to autonomously frame, test and calibrate prompts. Given this specific nature of the stack, prompt engineering will eventually phase out itself from being a significant part of the AI capacity matrix of enterprises.”

Subscribe to enjoy similar stories. Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. The turbulence followed an announcement from the US Attorney’s Office in New York in the early hours of Thursday (India time), indicting group chairman Gautam Adani and seven senior executives.

Subscribe to enjoy similar stories. The benchmark index, Nifty50, continued to slide due to rising geopolitical concerns and news regarding Adani Group stocks. Adani stocks were in the limelight following bribery allegations from the US Department of Justice and Securities and Exchange Commission against Gautam Adani and other group executives.

Subscribe to enjoy similar stories. Mumbai: The Adani Group denied bribery charges and vowed to explore legal options after a damaging indictment in the US, but the move failed to stop a run in its shares, posing the biggest test yet for the conglomerate which had rebuilt investor faith after the Hindenburg episode.

Subscribe to enjoy similar stories. The US indictment of billionaire Gautam Adani in a $250 million bribery case could set the stage for a lengthy legal process involving a multi-jurisdictional defence.

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

Securities and Exchange Commission Chair Gary Gensler will step down from his post on January 20

Last week, the Canada Revenue Agency (CRA) released the new tax numbers for 2025. Here’s what you need to know for next year.

With each passing year Canada Post sinks deeper into irrelevance, its 19th-century monopoly model eroding and overtaken by the miraculous forces of innovation and market competition. There was a time when management and the unions could parlay their way through ritual confrontations unphased by competitive risks.

equity exposure of the household (HH) sector despite a surge in equity mcap. India's mcap hit 146% of GDP in the quarter ended June 2024. In its July bulletin, RBI published its first- ever quarterly estimates of the financial wealth of HHs, including their holdings in the equity market. A month later, Sebi released a 'Working Paper on Household Savings through Indian Securities Market'. Taking cues from these estimates, gross financial assets (GFAs) estimates, and outstanding liabilities of the HH sector, along with their equity exposure, were made. RBI's estimates up to FY23 were updated to Q1 FY25, incorporating additional information from Sebi's paper, which found:

International Criminal Court to issue arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defense minister Yoav Gallant, the White House said Thursday. «We remain deeply concerned by the Prosecutor's rush to seek arrest warrants and the troubling process errors that led to this decision. The United States has been clear that the ICC does not have jurisdiction over this matter,» a National Security Council spokesperson said. The statement made no mention of an ICC arrest warrant also issued for Mohammed Deif, the military chief of Hamas.

Kenya’s president says he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after U.S. bribery and fraud indictments against one of Asia’s richest men

One of Asia’s richest men, controversial Indian tycoon Gautam Adani, is again in the spotlight

Life Insurance Corporation of India (LIC), which has stakes in seven Adani Group stocks, witnessed an erosion of Rs 8,683 crore in the overall holding value in a single session on Thursday after a US court indicted Chairman Gautam Adani and several others in a $250 million bribery case. LIC holds stakes in Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Green Energy, Adani Energy Solutions, Adani Total Gas, ACC and Ambuja Cements.

hoax bomb calls to airlines and such calls have reduced, a senior government official said on Thursday. Civil Aviation Secretary Vumlunmang Vualnam also said that procedures being adopted to deal with fog-related disruptions have been streamlined. To a query about hoax bomb calls, he said that authorities have tackled them successfully. A few weeks back, hundreds of flights had received bomb threat calls that later turned out to be hoaxes. These threats had significantly impacted flight operations of various domestic carriers.

Adani Group. Ruto said he had also directed the cancellation of a more than $700 million deal the energy ministry had signed with a unit of the Adani Group to construct power transmission lines. This comes after U.S. prosecutors indicted Adani for conspiring with executives of a former New York-listed company to devise a $265 million scheme to bribe Indian officials and boost their solar energy business.

Consumer Financial Protection Bureau said. The new rule finalised on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while helping protect the privacy of vast amounts of consumer data and preventing fraud and the illegal closure of their accounts, the agency said.