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Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln 05/02/2025

China says no talks with US on trade Tariffs Negating US Claims 04/29/2025

Pending home sales index in the U.S. in March hits maximum since 2023 05/02/2025

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Business & Finance

India's Digital Lending Rules Cause Disruption, And Businesses Prepare To Respond

Card lending services in India foreign-backed fin-tech companies have been disrupted because of the stricter regulations on digital lending by the Indian government, according reports based on industry sources and a document available with the media. The incident has also jeopardised Amazon's loan...

With Travel Demand Returning In Asia, AirAsia Parent Reports A Smaller Loss In The Second Quarter

With demand for travel in Southeast Asia string to to rebound following the relaxation of pandemic-related rules, Capital A Bhd, the mother company of Malaysia's low-cost carrier AirAsia, on Friday announced a smaller operating loss fort the second quarter. The...

NFTs Worth $100 Million Were Stolen Last Year, According To Elliptic

According to blockchain research company, Elliptic, over $100 million value of non-fungible tokens were stolen in the year leading up to July, opening a new front in the hacking problem facing cryptocurrency. NFTs are assets built on the blockchain that represents digital files like text,...

Largest operator of cryptocurrency ATMs enters stock exchange

The largest bitcoin ATM operator in the world, Bitcoin Depot, plans to join the exchange. Coindesk reports that the organization intends this by entering into a merger agreement with SPAC (special purpose acquisition company) GSR II Meteora. The market capitalization of Bitcoin Depot, which will...

Visa Tokens Outnumber Physical Visa Cards In Circulation

Visa Inc announced on Wednesday that it has released more than 4 billion network tokens globally via its security technology Visa Token Service (VTS), outnumbering the cumulative number of actual physical cards in circulation. VTS protects the underlying account information by...

Tesla Stock Is In The Spotlight As A 3-1 Stock Split Takes Effect

Tesla Inc's stock was in the spotlight following the most valuable automaker of the world splitting its stock for the second time in two years in order to attract more retail investors. In premarket trading on Thursday, shares of the electric vehicle manufacturer rose 1.5...

e-Commerce Companies In India On Delivery Staff Hiring Spree With Biggest Annual Shopping Season Arriving

E-commerce businesses in India are rapidly increasing hiring staff for delivery purposes, with because of growing concerns that a labour shortage will for the companies to miss out on one of the busiest annual shopping seasons, which is slated to begin in earnest next month. The moves come...

U.S. watchdog demand that cryptocurrency platforms stop misleading consumers

In a statement, the U.S. Federal Deposit Insurance Corporation (FDIC) urged the five biggest cryptocurrency platforms to avoid deceiving their users and all consumers. The platform's inclusion of the corporation's acronym in the product names was the source of the company's resentment. The FDIC...

Geely's profit loses 35% due to lockdowns

In the first half of the year, the net profit of Chinese automaker Geely decreased by 35% to 1.55 billion yuan ($228 million). As a result, Geely's profit fell far short of forecasts of analysts surveyed by Bloomberg, who expected a profit of 2.77 billion yuan. In this instance, the company's...

Shell to close oil pipeline between the Gulf of Mexico and the US

According to Reuters, the Anglo-Dutch Shell announced plans to shut down a pipeline in the Gulf of Mexico for two weeks in order to carry oil to American refineries. The company announced in a statement that "the Odyssey and Delta pipelines would be closed for scheduled repair in early to...