During a Bitcoin conference recently, former U.S. President Donald Trump electrified the crowd by pledging to fire Securities and Exchange Commission (SEC) Chair Gary Gensler if re-elected. Gensler, a known skeptic of cryptocurrencies, has led the SEC’s aggressive enforcement actions against the industry, including major exchanges like Coinbase, Binance, and Kraken. Trump’s promise was met…
Russia is contemplating the legalization of cryptocurrency for international payments as the country faces sustained financial pressure from Western sanctions. The State Duma, the lower house of the Russian Parliament, will review a law on Tuesday that permits international payments via cryptocurrencies, according to Elvira Nabiullina, the governor of Russia’s central bank. “Today, the State…
Employees at Samsung Electronics launched a three-day walkout on Monday in protest of their low pay, and if the largest company in South Korea doesn’t meet their demands, the union plans to take additional action. In addition, the National Samsung Electronics Union (NSEU), which represents about a quarter of the company’s South Korean workforce with…
In a further move to defend domestic producers, the European Union will apply duties of up to 37.6% on imported electric vehicles manufactured in China starting on July 5. This would increase trade tensions with Beijing. Investigations have also been initiated into whether Chinese clean tech manufacturers are dumping subsidised goods on EU markets and…
The political meme has found fresh life thanks to TikTok, which is sardonic, absurd, and occasionally plain unpleasant. However, to what extent is it genuinely impacting the general election? With almost eight million views on a five-second video of him mouthing the lyrics to an Eminem song, “guess who’s back?”, Nigel Farage is the unexpected…
26 business associations from around Europe issued a warning on Monday over a planned cybersecurity certification programme (EUCS) for cloud services: it should not discriminate against Amazon, Microsoft, or Alphabet’s Google. The plan, which has undergone several revisions since ENISA released a draft in 2020, will be discussed at a meeting on Tuesday with representatives…
Following the European Commission’s imposition of duties on imports of Chinese electric cars, a trade association said on Wednesday that French cognac producers are “deeply” concerned about the findings of a Chinese investigation into European cognac imports. The European Commission threatened to retaliate against Beijing, labelling the measure as protectionist, by informing manufacturers on Wednesday…
Voters in all 27 of the EU’s member states will be casting ballots from Thursday through Sunday, potentially altering the political landscape of the organisation. Analysts predict that the bloc would adopt more protectionist policies with lower climate objectives and higher defence spending in response to the rising popularity of far-right parties. Relations with the…
A jury in New York has convicted former President Donald Trump of all 34 felonies stemming from his personal attorney Michael Cohen’s hush money payment to porn star Stormy Daniels prior to the 2016 election. Trump,77, is the first president of the United States to face criminal conviction. Three other criminal cases are ongoing against…
In a late-stage trial, Johnson & Johnson’s experimental medication helped patients with major depressive disorder (MDD) experience less sleeplessness and depression symptoms, the firm stated in a statement. Seltorexant was the medication being tested in this research on individuals who suffered from both sleeplessness and depression. Even with the usage of widely prescribed antidepressant medications,…
