Business / Finance
Banks, regulators join quantum-resistant crypto transfer pilot
Participating banks will test post-quantum wallets and onchain transfers while regulators from Abu Dhabi, Bhutan and Malta initially observe.
Pakistan opens crypto licensing portal, sets Sept. 5 deadline for existing firms
Existing virtual asset providers must apply for an NOC by Sept. 5 or cease operations under Pakistan’s new regulatory framework.
Kids food scheme set to grow after 'crazy' support
The Grumpy Cook in Hastings is set to expand its scheme after receiving £30,000 in donations.
Ray Dalio says investors should own ‘a bit of Bitcoin’ as U.S. debt risks rise
The Bridgewater founder says recent Treasury-market stress fits his long-running debt-crisis framework, though he still prefers gold as the bigger hedge.
Bessent's $4 billion bond buyback wanted lower yields. It got a bitcoin surge instead.
Bessent’s bond-buyback plan fails to curb Treasury yields. Here's what it means for bitcoin and gold
New Fed chair faces critical test at Jackson Hole as inflation fears mount
Investors will hope Kevin Warsh offers ‘comfort blanket’ at annual meeting of central banks amid bond market anxietyThe new US Federal Reserve chair, Kevin Warsh, faces a critical…
Stablecoin neobank Fasset lands $1 billion valuation as SBI backs its payments push
The firm raised $68 million as its revenue has grown six-fold as stablecoin payments and settlement expand, CEO Mohammad Raafi Hossain told CoinDesk.
Crypto holds big weekly rally as Warsh’s Jackson Hole debut comes into focus
Bitcoin holds above $77,000 after a 21% week, with XRP up 46% over the same stretch. Asian stocks fell as Samsung and Alibaba slid.
Term Finance loses estimated $8.5M in vault governance exploit
Term permanently closed its Meta Vaults after an attack reportedly removed nearly all of their Ethereum deposits.
Nearly 3 million Teslas recalled in China over hidden door handles
Other brands affected by the recall include Chinese carmakers XPeng, Xiaomi and Geely.
Shein aims for almost $27bn valuation in 1 September stock market debut
The valuation is much lower than $100bn reached in a round of private fundraising in 2022.
We are so back! Bitcoin’s 23% rally on US debt policy: Hodler’s Digest
The US may face a debt crisis within three years according to Ray Dalio, and debt-related issues helped fuel a rally in Bitcoin that could mark the beginning of a new cycle.
Review launched into how pub and hotel business rates calculated
The review of how rates are calculated in England and Wales could lead to reform of the system.
'I didn't speak the Queen's English': Why people worry about their accents
A survey on attitudes towards accents suggests that so-called "accent bias" is still an issue in many workplaces.
Why students are being paid £2,000 to play computer games
Roehampton University offers students £2,000 a year to play esports alongside their studies.
Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too
The financial sector's loss of deposits has created a liquidity crunch so severe that it's threatening Russia's ability to fund its war.
Government vows to make business rate valuations for pubs and hotels fairer
Review will look at improving system for English and Welsh hospitality venues before next revaluation date in 2029 The government has promised that business rate valuations will b…
UK productivity growing faster than official figures suggest, thinktank finds
Resolution Foundation suggests economy may finally be emerging from shadow of 2008 financial crisisProductivity in the UK – a vital measure of economic health – is growing more st…
As Trump administration readies economic warfare measures against Iran, top security official vows retaliation ‘in a seismic manner’
Treasury Secretary Scott Bessent on Monday is expected to announce the new measures after the U.S. vowed to impose an “unprecedented” level of economic warfare and isolation.
Jared Kushner has negotiated with adversaries like Iran as Trump’s envoy. Now he’s talking with the House Democratic leader ahead of midterms
It's a signal that the White House is seeking ways to work with Democrats if they wrest majority control from Republicans in the midterm elections.
‘This is heartbreaking for me’ — A sailor serving on the USS Abraham Lincoln just found out his father was caught in Trump’s immigration crackdown
"I don’t know how I can mentally continue working 12+ hour days knowing that my dad is somewhere, possibly treated like a criminal,” Joshua Aviles wrote.
Business Daily
European governments and businesses are taking a tougher line on trade with China
The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soon
"And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate."
CrossCountry to provide full service on Monday
CrossCountry says its "key priority" is now restoring as close to a normal service as possible.