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Renowned cryptocurrency derivatives exchange Bybithas announced that it is suspending services in the U.K. ahead of the introduction of the new rules by the Financial Conduct Authority (FCA), the financial regulatory body in the country.The Dubai-hea...

Most stock markets rose Friday, reversing early losses and a sell-off on Wall Street, as traders consider further interest rate hikes by central banks struggling to tame inflation.With officials from the United States to Switzerland warning that more...

The Turkish lira weakened to 27.06 against the dollar, ceding 0.3%, after Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation.The central bank dec...

British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week's widely-forecast interest rate hike by the Bank of England (BOE) could be its last for now.The Consumer Prices Index dropped...

The Organization for Economic Co-operation and Development (OECD) raised its global economic outlook for 2023 on Tuesday but cut the growth forecast for next year as interest-rate hikes aimed at curbing inflation take their toll.The world economy is...

Hong Kong's central bank has warned investors to be alert of crypto businesses that call themselves "banks," saying such companies are violating the region's banking laws. The financial watchdog said only licensed institutions are permitted to carry...

The European Central Bank (ECB) raised interest rates by a quarter of a percentage point to 4% Thursday and hinted it was done with its protracted campaign of rate hikes to tame stubborn inflation.The ECB has hiked its primary interest rate for the 1...

Argentina's inflation surged to 12.4% in August — marking the most drastic monthly surge the nation has seen in over 20 years. This concerning figure was disclosed by the country's official statistics agency this Wednesday.For a nation grappling with...

Oil prices hit over $92 a barrel on Tuesday, marking the first time in almost 10 months, as concerns grew over potential supply issues due to severe flooding in Libya.Brent crude, a global measure, rose about 2%, reaching $92.38 a barrel – the steepe...

China's currency, the yuan, is taking a hit against the dollar, recently dropping to a 16-year low of 7.35 yuan to the dollar. This dip led China's central bank to address "too much speculation" affecting the yuan's value.The rapid depreciation of th...

Apple shares fell for three straight days last week after reports of China’s proposed iPhone ban for government agencies and jobs.It was the latest move amid growing tech tensions between China and the United States. Shares of the world’s biggest pub...

The attraction of owning stocks over less risky investments is at its lowest level in decades, despite the equity market’s upward climb this year.This year, the benchmark S&P 500 index gained a hefty 16%, buoyed largely by Wall Street's enthusias...

China saw its exports drop 8.8% and imports decrease 7.3% in August, compared to last year, according to Thursday's customs report. This adds more strain to China's big manufacturing businesses as demand slows both domestically and internationally. A...

The European Commission announced on Wednesday that six leading tech firms, including Amazon, Alphabet, Apple, Microsoft, Meta, and ByteDance, are now labeled as "gatekeepers" under the new Digital Markets Act. This legislation introduces stringent r...

Danish drugmaker Novo Nordisk is now Europe’s most valuable company, dethroning luxury goods giant LVMH.Shares of Novo Nordisk have spiked 40% so far this year, boosted by soaring demand for its weight-loss drugs Wegovy and Ozempic.Sales of the compa...