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Bitcoin jumped past $105,000 after the Fed kept rates steady, with Chair Powell confirming banks can serve crypto clients if they manage risks effectively.
Elliott Management warns crypto is a speculative bubble driven by hype and White House support, cautioning that its collapse could destabilize the U.S. dollar.
Trump’s 25% tariffs on Canada and Mexico could drive up prices for gas, groceries, and cars, with experts warning of economic fallout and potential supply chain disruptions.
H&M shares dropped after missing Q4 sales estimates, though profit improved. CEO Daniel Ervér remains optimistic, citing early signs of recovery in the new fiscal year.
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion share buyback.
The EU has pledged €60 million to provide emergency relief in the DRC, focusing on displaced populations and those affected by conflict and epidemics in the eastern regions.
HSBC is closing M&A and equity markets operations in the US, UK, and Europe, focusing on growth in Asia and the Middle East under CEO Georges Elhedery’s restructuring plan.
UN Chief Antonio Guterres expressed concern over the US foreign aid freeze, urging exemptions to sustain vital humanitarian and development support for vulnerable communities worldwide.
Sheikh Abdullah and Dr. Jaishankar discussed UAE-India ties in Abu Dhabi, focusing on economic, cultural, and regional cooperation to strengthen their enduring strategic partnership.
Indian PM Modi congratulates Donald Trump on his second term, reaffirming India-US ties for mutual welfare, global peace, and security in a strategic dialogue.