Shares of several Adani Group companies fell sharply on Friday after new court filings showed the US Securities and Exchange Commission (SEC) is seeking to send legal summons to founder Gautam Adani and his nephew Sagar Adani over allegations of bribery and fraud. The disclosures revived investor focus on a high-profile US case tied to
As India approaches another Union Budget, the country’s crypto and Web3 community is doing so with restrained expectations, shaped by years of regulatory ambiguity and a policy approach that has prioritised taxation and oversight over formal recognition. The government has consistently maintained that cryptocurrencies and other virtual digital assets are not legal tender in India.
Europe and defense have been written about relentlessly over the past year. And while the urgency keeps getting louder, actions are still not matching the scale of the problem. January’s events alone, such as troop withdrawals, tariff threats, and Arctic brinkmanship, turned a slow debate about burden sharing into a real test of whether Europe
The cryptocurrency market is consolidating following its poor performance this week. Bitcoin is trading above $89k, while Ether has failed to recover above $3k. Meanwhile, XRP, the fifth-largest cryptocurrency by market cap, is consolidating above $1.90, a short-term support level. It risks dropping below this level despite ETF inflow into the ecosystem. XRP stays below
Ethereum’s Ether has lost 10% of its value in the last seven days, making it the second worst performer among the top 10, behind Dogecoin. The bearish performance saw Ether drop below $3k, with technical indicators suggesting further bearish movements in the near term. Ether’s funding rates flip negative Ether has dropped below $3k after
US President Donald Trump’s plan to grant Nvidia licences to ship more powerful artificial intelligence chips to China is triggering fresh backlash in Congress, including from prominent China hawks within his own party. The move is sharpening divisions in Washington over whether tighter export controls protect national security or weaken US influence in the global
US Energy Secretary Chris Wright called on the world to more than double oil production on Thursday, while simultaneously criticising the European Union and California for what he termed a wasteful focus on inefficient green energy. While the World Economic Forum (WEF) has increasingly focused its energy discussions on advancing lower-carbon policies, a conversation in
Top corporate leaders expressed relief after US President Donald Trump stepped back from imposing new tariffs on Europe, but warned that geopolitical uncertainty and regionalization remain central concerns for global business. Speaking to CNBC on the sidelines of the World Economic Forum in Davos, executives said the easing of immediate trade tensions had lifted markets,
This time last week, the S&P 500 hit yet another all-time high, coming within a couple of points of 7,000. Over the previous two months, the index had made a series of higher lows and higher highs. Over the same period, the VIX index, a measure of S&P volatility, had declined steadily, falling back to
Adobe stock price continued its freefall this week, reaching its lowest level since November 22, turning one of the best-known software companies into a fallen angel. ADBE dropped to a low of $294, down by 53% from its highest point in 2024, with its market capitalization falling from the all-time high of $288 billion to