In a significant policy shift, the Trump administration is preparing to authorize banks to offer cryptocurrency services, reversing previous regulatory stances. Key agencies, including the Federal Deposit Insurance Corporation (FDIC), are expected to revise guidelines, allowing banks to enter the
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U.S. President Donald Trump has announced he is considering a 10% tariff on Chinese imports, potentially taking effect as early as February 1. The proposed measure follows escalating tensions between Washington and Beijing, with Trump citing China’s alleged role in
Tesla Inc. reported its fourth-quarter and year-end vehicle production and delivery results, revealing the company’s first-ever annual decline in deliveries. Tesla disclosed 495,570 vehicle deliveries and 459,445 units produced in the fourth quarter of 2024, bringing total annual deliveries to
The U.S. dollar ended 2024 with significant gains against most global currencies, supported by higher Treasury yields and reduced expectations for aggressive Federal Reserve rate cuts. Despite slipping slightly on the final trading day, the dollar’s strength reflected investor caution
President-elect Donald Trump has appointed Indian-American entrepreneur Sriram Krishnan as Senior White House Policy Advisor on Artificial Intelligence (AI). Krishnan is set to collaborate with David Sacks, who has been named White House AI and Crypto Czar, to oversee AI
MENA Newswire News Desk: President-elect Donald Trump has appointed Congressman Mike Waltz as National Security Advisor for his forthcoming administration. Waltz, a Republican representative from Florida, is recognized for his strong advocacy of U.S.-India relations. In a recent address to