Business / Finance
Decoding America: Could datacentres lose Trump the midterms? - podcast
In this episode of Guardian Australia’s US politics podcast Decoding America, co-hosts Jonathan Yerushalmy and Reged Ahmad explore why datacentres in the US have provoked such ang…
Crypto Long & Short: Tokenized equities: the model underneath the trade
In this week's Crypto Long & Short, CoinDesk's Joshua DeVos writes that demand for tokenized equities is accelerating fast, from $16 billion to more than $590 billion in perpetual…
The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess
David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.
Meta’s $17.1 billion settlement will be over 12-times larger than the second largest big tech privacy settlement in the past four years
The settlement is just 1.17% of Meta’s $1.46 trillion market cap.
Pubs, bars and hotels report ‘Burnham bounce’ in optimism but call for further tax relief
Sentiment in hospitality and brewing sectors more positive since business rates action, trade bodies’ survey findsPubs, bars and hotels have reported a “Burnham bounce” in optimis…
Pro-Russian group claims credit for biggest-ever hack on Norway government services after $9.2 billion pledge to Ukraine
A pro-Russian hacker group claimed responsibility after Norway renewed its security cooperation with Ukraine.
Mortgage Rates Today, Wednesday, August 26: A Little Higher
TL;DR: Mortgage rates went up today, but not enough to bust your homebuying budget.
Yes, Travel Credit Card APRs Are High — but the Lowest Doesn’t Always Win
The interest rate doesn’t matter if you pay your bill in full each month. If you can’t, a travel card isn’t a good fit right now.
Meta agrees to major changes to Facebook and Instagram as it settles US trial over teen addiction for up to $17bn
US tech giant agrees to establish further protections for teens such as daily usage limits and blocks on nighttime useMeta reached an agreement to settle a landmark case brought b…
Ethereum developers propose first step to protect ETH staking from quantum attacks
A draft proposal would allow validators to deposit with quantum-resistant keys, then permanently stop accepting the format the network runs on today.
SEC’s proposed crypto rules probably won’t spark new ICO boom
The SEC’s ‘regulation crypto assets’ proposals could create early-round FOMO. But some tokens may still fall into the no-man’s land between security and non-security.
Goldman Sachs Global Institute co-head: remaking our world for machine intelligence
The irony is that a world redesigned for machines may eventually allow us to recover something more purely human as we are relieved of utilitarian burden.
Dubai airport traffic plunged 31% as the Iran war sent travelers looking for routes outside the Middle East
Dubai International says traffic is recovering after two months of disruption, but some overseas airlines have yet to return.
Saudi brothers mint billion-dollar fortune from AI boom
MIS shares have surged 87% this year after its Humain data center project expanded fivefold to 250 megawatts and $2.34 billion
Bill Gates wants to tax robots to deter businesses from replacing humans with machines
"The tax system nudges you toward replacing people with machines."
Cambodia’s scam-center underworld linked to Mexico’s Sinaloa Cartel and its cryptocurrency millions
Authorities say Southeast Asia is becoming a financial and logistics hub for Latin American criminal groups operating far beyond the drug trade.
The evidence doesn't support the banks' case against stablecoin rewards
Students want crypto classes but learn on social media: OKX survey
A separate review found only about 28% of accredited US business schools offered blockchain courses, despite strong demand in the OKX poll.
Zelenskyy gives Elon Musk Order of Freedom, asks for more Starlink access for Ukraine
The Ukrainian President awarded the world's richest man one of Ukraine’s highest state honors, citing his “outstanding personal merits."
Digital Euro Will Offer 'Maximum Level of Privacy,' ECB Board Member Says
Piero Cipollone said the Eurosystem would not be able to link individuals to transactions, though the banks handling them still could.
Six months into the Iran war, Hormuz is still shut — and now Tehran wants military ships excluded
Iran says commercial vessels would follow designated routes through Iranian and Omani waters, but the proposed framework is not yet binding
Polarized America united around one issue: the data centers powering the stock market and the biggest tech boom in decades
“I don’t think that enough people understand that this is going to create really good jobs,” said Heather McKenzie, a labor expert based in Nebraska.
The U.S. declared an ‘onslaught’ on Iran. China’s banks got a pass
China buys 80% of Iran's oil exports. Treasury sanctioned a tanker and a Hong Kong shipper — not the banks tied to the U.S. financial system.
Reform proposes £30 tax rebate for HMRC phone delays
People on hold to HMRC for more than 30 minutes would get a tax credit under plans announced by Robert Jenrick.