Asian shares surge as easing concerns over the banking sector revived risk appetite, while Alibaba's plans to split into six units lifted Chinese tech stocks.
The pound has kept sinking since Lebanon's financial meltdown erupted in 2019, following decades of rampant corruption and mismanagement by the country's political and financial elite.
The act was the latest in a series of heists in the country, where the savings of depositors have been devalued and trapped in banks for almost three years amid a crippling economic crisis.
Chinese regulators urged banks to extend loans to qualified projects in the latest effort by the country to ease concerns triggered by a widening mortgage-payment boycott on unfinished houses.
The Palestinian Monetary Authority is planning to examine the feasibility of a digital currency. But local economic observers are cautious about its implementation.
Turkey’s unregulated crypto market has come under closer scrutiny by the government, as it begins to tighten restrictions and float a tax regime.
Outlined below is an examination of how central bank digital currencies could resemble and differ from cryptocurrencies and "stablecoin" projects like Facebook-backed Diem.
Among the first steps will be strengthening public finance structures to guard against risks, says Turkey’s President Erdogan.
The Modi government takes the politically fraught step of selling its stake in banks, which have been losing money.
Elon Musk launches a pair of potentially game-changing shifts for bitcoin, promising Tesla Inc would take payment for its electric vehicles in the currency soon and revealing it had already invested $1.5 billion in the cryptocurrency.
The latest wave of sanctions by the Trump administration blacklist almost all of Iran’s financial sector, dealing another blow to an economy that is already reeling under previous US sanctions.
Leaked documents reveal major flaws in the global effort to curb money laundering.
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