Business / Finance
Banks Hold a Lever Over Stablecoin Adoption, BIS Economists Say
A Bank for International Settlements working paper found that stablecoin growth slows when U.S. banks raise deposit rates, with Circle’s USDC most sensitive.
Crypto audits give investors false sense of security as Q3 hacks cost $1.18 billion, Hacken says
The security firm found that 77% of third-quarter losses involved compromised suppliers, delayed fixes or systems outside the latest security reviews.
Bitcoin’s $100,000 year-end hope divides analysts as inflation clouds outlook
Bitwise sees a potential return above $100,000, while LO:TECH expects a narrower trading range as interest-rate uncertainty weighs on the market.
Microsoft drops huge AI datacentre project in Essex over power supply concerns
Development by UK firm Nscale heralded by ministers as largest of its kind in the country loses its anchor tenantThe development of a huge AI datacentre hailed by the UK governmen…
EPA quietly backtracks on claims US has phased out toxic Pfas compounds
Agency changes wording on website as Texas-based chemical firm continues manufacture of plastic containersThe Environmental Protection Agency has quietly backtracked on a claim th…
Small business owners are doing OK – but will that help Trump overcome his low approval ratings?
Overall, economic sentiment for Trump is poor, but small businesses seem fairly confident, according to several surveysThere are 34m small businesses in the United States. They em…
Crypto exchanges Binance, Coinbase join West Africa scam sweep that flagged $11 million
Private-sector partners flagged $11 million in funds that could be frozen, while officials reported cryptocurrency seizures without disclosing their value.
World leaders must wise up to threat of cyber-attacks or rogue fridges will be least of their worries | Heather Stewart
Global cooperation seems unlikely despite AI increasing the risk of digital fraud and the need to protect the financial systemRogue French fridges were an unlikely talking point f…
Gleaning group gives £1m of produce to food banks
Gleaning Cornwall warns that more funding is needed as costs rise sharply.
Cysic crypto bridge halted after unauthorized mint of 10M CYS
Cysic said the incident was limited to bridge message processing and minting and did not affect the mainnet or other operational systems.
For Gen Z, everything looks like an investment. But it isn’t
Your sportsbook and brokerage app may look more alike than ever, but they shouldn't be treated the same.
10 million Americans are using advance loan apps to get their paychecks in advance—and it’s costing them hundreds of dollars more, report finds
More than 95% of payday loans through direct-to-consumer apps included fees or voluntary “tips,” and these extra charges are piling up.
World Bank says ‘small AI’ could transform developing countries
Bank’s chief knowledge officer says the tech could speed up economic development from centuries to decadesThe World Bank is urging developing countries to kickstart the creation o…
Chinese suspect in $75M international crime network arrested in Bangkok
Police alleged the suspect was involved in cryptocurrency and foreign-currency exchanges for criminal groups across more than 133 accounts.
Move slow and make things: What Japanese craftsmanship can teach business about quality, patience, and expertise when AI makes speed cheap
AI makes it easier to produce more. The Japanese craft tradition of shokunin offers a guide to making something better.
Innovation Accounts should do for the potential AI job wipeout what Trump Accounts did for children
“Innovation Accounts” would give adults a stake in technology stocks—and a chance to share in AI-driven wealth.
Turning the tides: Could hidden sea power energise our coastal towns?
Engineer David Mummery has developed a tidal energy generator that he says can change lives for people living in coastal communities.
'I took a chance on the whisky industry and I haven't looked back'
Zoey Darnbrough had no idea there was a distillery near her home - now she has a top tourism role there.
The ‘golden visa’ isn’t just for the rich: UAE offers 10-year residency to $545,000 property buyers—or for nurses, teachers, and e-sports pros
The Gulf state’s golden visa blends tax appeal, investment incentives, and talent policy in a country where most residents are foreigners
Chip-stock bets lost $52 million in 10 minutes with Wall Street shut
A 10-minute flush hit round-the-clock chip-stock contracts while U.S. markets were shut, leaving traders with no real share price to lean on.
Fuel prices dominate midterm election discussions, but spiking utility bills may be the difference maker
Utility bills have risen 40% on average in recent years and a promise of additional hikes are on the way.
Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out
Magazine group points to restructuring bill but says it ‘remains profitable in the UK for another year’Profits at Condé Nast’s UK arm slumped by more than a third last year, accor…
Tether backs AIsa as strategic investor, completing seed extension round
The round brings AIsa’s total funding to more than $9 million.
Heating oil customers face tough winter
The government plans to regulate heating oil prices after increases.