March has started off tough for the stock Market, with major indices like the S&P 500 and Nasdaq experiencing significant declines after a wave of optimism post-election. Recent tariffs imposed by the Trump administration and concerns about rising inflation have added to the uncertainty, causing both indices to erase their previous gains. Despite a positive ...
Belarus President Alexander Lukashenko has directed the energy minister to explore cryptocurrency mining, aiming to boost the nation’s income by utilizing its surplus energy resources. In a recent local media report, he emphasized that if mining is profitable, it should be pursued, especially since Belarus has some of the lowest electricity costs in Europe. This ...
The International Monetary Fund (IMF) is planning to impose stricter rules on Bitcoin purchases in El Salvador as part of a $1.4 billion funding agreement. On March 3, the IMF made this known through new documents related to its financial support for the country. One key requirement is that the public sector must not accumulate ...
European leaders, including Ukraine’s President Volodymyr Zelensky, UK Prime Minister Keir Starmer, and France’s President Emmanuel Macron, recently met in London to discuss support for Ukraine amid ongoing conflicts. The meeting sparked a notable rise in defense stocks across European markets, with significant gains for companies like Hensoldt and Dassault Aviation. Additionally, the EU is ...
On Tuesday, US stocks closed mixed amid revived tariff threats from President Donald Trump and concerns over economic growth. The Dow Jones Industrial Average rose by about 0.4%, reversing earlier losses, while the S&P 500 fell around 0.4% and the Nasdaq Composite dropped about 1.3%, hurt by major tech stocks like Nvidia and Tesla. Consumer ...
El Salvador has resumed its Bitcoin buying strategy after a brief pause, acquiring 7 Bitcoin valued at $661,000. This purchase is part of a new agreement with the International Monetary Fund (IMF), which mandated changes to the country’s Bitcoin policies. Historically, El Salvador had been buying one Bitcoin daily since November 2022, but this was ...
The impact of artificial intelligence (AI) on the labor Market continues to spark debate. While some believe AI will create millions of new jobs and boost productivity, others fear it may render many workers obsolete. Current evidence presents a mixed picture, with AI already altering hiring trends across various sectors. Jobs in construction and utilities ...
Pactum AI, an Estonian company focused on AI technologies, has secured the Future Unicorn Award, while Germany’s Quantum Systems, known for its drone innovations, won in the Dual-Use Technologies category. This year’s Future Unicorn Award, announced at the DIGITALEUROPE conference in Brussels, highlights the potential of these companies to become major players in their respective ...
A recent report by the Saudi Data and Artificial Intelligence Authority and Accenture highlights that adopting generative AI could boost Saudi Arabia’s GDP by 4%. In response, Accenture is partnering with Google Cloud to enhance AI initiatives in the country. They will expand their Generative AI Center of Excellence to provide organizations with advanced solutions ...
North Carolina’s new House Speaker, Destin Hall, is focused on allowing the state to invest in cryptocurrency. He introduced House Bill 92, which would enable the state treasurer to invest up to 10% of certain funds in digital assets like Bitcoin. Hall emphasized the growing importance of blockchain technology and the potential for positive returns ...
