Hackers, suspected to be linked with Israel, have stolen over $90 million from Nobitex, Iran's largest cryptocurrency exchange. The group, Predatory Sparrow, leaked Nobitex's source code and accused the platform of aiding Iran's government in circumventing sanctions and supporting militant groups. This cyberattack follows escalating tensions between Israel and Iran, raising concerns about cryptocurrency's role in international sanctions evasion.
Since Donald Trump's presidency began five months ago, global financial markets have experienced significant volatility. US stocks are underperforming compared to European markets, while the dollar has sharply declined against the euro. ...more
Indian money in Swiss banks more than tripled in 2024, reaching a three-year high of nearly Rs 37,600 crore, driven by increased funds through local branches and financial institutions. While individual deposits saw a modest rise, overa ...more
The import restrictions are applicable on palladium, rhodium, and iridium alloys in any form (unwrought or powder) consisting of more than 1% gold
Vadhvan Port Project Ltd. is set to raise approximately $3.5 billion in debt to construct India's largest port, a $9 billion mega-project north of Mumbai. With backing from JNPA and MMB, the port aims to handle 23 million container unit ...more
Fifteen years ago, we were more focused on doing trade agreements with countries who are our competitors, he says.
UN Secretary-General Antonio Guterres has voiced concerns over declining globalization as foreign direct investment shrinks amid global economic challenges. A UNCTAD report reveals an 11% drop in global FDI, exacerbated by geopolitical ...more
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