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India seizes $280 million, arrests OctaFX Ponzi mastermind in Spain
Indian authorities have announced the seizure of more than $280 million from the mastermind of the OctaFX Ponzi scam. In a statement released by the Enforcement Directorate (ED) on Friday, the agency ...

U.S. budget deficit shrinks to $1.78 trillion as tariffs hit record high
The US budget deficit for 2025 fell slightly to $1.78 trillion n September, down $41 billion from the previous year, after a flood of tariff collections helped cushion the blow of record interest paym...

Russia takes the European lead in crypto adoption
Russia has emerged as the dominant crypto player in the Old Continent’s expanding cryptocurrency space, overtaking the U.K. in the latest Chainalysis report on European crypto adoption. The study has ...

Top ECB officials see price pressures moving either way in coming months
Top officials at the European Central Bank said Thursday that price pressures could move either way in coming months, with factors ranging from economic growth to trade disputes playing a role in the ...

Germany's economy struggled, showing barely any growth in Q3, Bundesbank
According to the Bundesbank, the German economy is still struggling and showed barely any growth in the third quarter. The German central bank explained on Thursday that both deep-seated problems and ...

Paris and Beijing eye stronger ties on AI and shared global priorities
China and France are deepening their bilateral relationship, with a focus on artificial intelligence (AI) and global governance amid shifting international dynamics. Recent high-level dialogues were h...

Citadel founder says generative AI has yet to boost hedge Funds
Billionaire Ken Griffin, CEO of Citadel, has expressed skepticism about the impact of generative artificial intelligence (GenAI) on hedge fund performance. Griffin says that GenAI has not yet delivere...

Global policymakers uneasy over data blackout from US government shutdown
The ongoing American government shutdown has cut off important economic information that officials in Japan and other nations depend on when making decisions about their own financial policies, creati...

Country of origin tags on public profiles coming to Musk's X soon
Social media platform X is internally testing a new transparency feature that will show the country of origin on user profiles. Head of Product Nikita Bier revealed the upcoming update on Tuesday, say...

Europe's auto industry fears supply disruptions as China tightens rare earth exports
Europe’s car industry is bracing for major supply problems after China announced stricter limits on shipping rare earth materials abroad. Industry officials worry these new rules could spark months of...

EU to mandate technology transfer in rule change targeting expanding Chinese firms
The European Union is preparing rules that would make businesse s from China sh are their technical knowledge with European firms as a condition for doing business in the region, marking a major shift...

China quietly curbs magnet exports, undermining US trade promises
Companies making rare earth magnets in China have been dealing with tougher export checks since September, industry insiders say. This happened weeks before the government announced broader restrictio...