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WASHINGTON (TECHY QUANTUM) — US President Donald Trump has granted a full pardon to Changpeng Zhao, the billionaire chief executive and founder of Binance, the world’s largest cryptocurrency exchange, the White House confirmed Thursday. The announcement marks one of the most consequential acts of clemency under Trump’s current administration and underscores his pivot toward a … Read more
LONDON, ( TECHY QUANTUM) ~ Oil prices rose sharply Thursday after the United States announced new Russia oil sanctions, targeting major producers Rosneft and Lukoil in an effort to curb Moscow’s energy revenue amid the ongoing war in Ukraine. The move, part of a coordinated Western campaign, sent global crude benchmarks higher and prompted Asian … Read more
The gold market advanced on Thursday, supported by rising geopolitical tensions and trade concerns that have strengthened the metal’s appeal as a safe haven asset. Spot gold climbed 0.6 percent to $4,119.54 per ounce as of 0720 GMT, rebounding from a near two week low in the previous session. US gold futures for December delivery … Read more
WASHINGTON (TECHY QUANTUM) — The United States government’s gross national debt has climbed beyond $38 trillion, marking a historic milestone and the fastest trillion dollar increase ever recorded outside of the pandemic era. The figure, published in the Treasury Department’s latest report this week, comes just two months after the national debt reached $37 trillion … Read more
BERLIN (TECHY QUANTUM) — China has overtaken the United States as Germany’s top trading partner in the first eight months of 2025, reversing last year’s trend as renewed US tariffs and weaker export demand hit Europe’s largest economy, preliminary data from the Federal Statistical Office showed. Trade between Germany and China reached 163.4 billion euros … Read more
NEW DELHI — India and the United States are nearing completion of a long pending bilateral trade deal that would significantly reduce US tariffs on Indian imports to around 15 to 16 percent from as high as 50 percent, according to a report by Mint citing three officials familiar with the talks. The move could … Read more
Gold experienced a dramatic price crash on Tuesday, posting its sharpest one day decline in five years as a stronger dollar and profit taking by investors halted the yellow metal’s record breaking rally. Spot gold dropped 5.5 percent to $4,115.83 per ounce by mid morning in New York, while US gold futures for December delivery … Read more
Foreign investors withdrew sharply from Asian bond , marking the largest outflow in more than two years. The selloff, led by Indonesia, reflected deepening fiscal and political concerns across the region and growing unease about slowing global demand. Data from regional authorities showed that overseas investors offloaded a net $5.48 billion worth of bonds from … Read more
WASHINGTON — A new US & Australia agreement on critical minerals backed by President Donald Trump is being hailed as a significant boost for Western mining ambitions, but analysts warn that it will take years to loosen China’s stranglehold over the global rare earth supply chain. Announced Monday, the deal commits $3 billion in joint … Read more
BEIJING ~ China’s new home prices dropped at their sharpest pace in almost a year in September, heightening concerns over the country’s prolonged property downturn and its broader economic impact. Official figures released Monday showed a 0.4 percent month on month fall the steepest decline in 11 months following a 0.3 percent drop in August. … Read more
