German luxury carmaker Mercedes-Benz has announced a sweeping cost-cutting plan in response to dwindling sales and profit margins, forecasting a significant drop in earnings for 2025. The company aims to navigate an increasingly competitive market landscape, particularly in China and Europe, where demand has softened.
Elon Musk’s artificial intelligence company, xAI, has unveiled its latest flagship model, Grok 3, which it claims surpasses competitors, including OpenAI’s ChatGPT.
As the world shifts towards a cashless future, digital currencies are gaining traction. More than 90% of central banks globally are exploring the introduction of a central bank digital currency (CBDC) to complement existing banknotes, according to a report by the Bank for International Settlements (BIS).
DeepSeek has captured the attention of China’s AI landscape with its meteoric rise. However, Apple is reportedly taking a different route, teaming up with Chinese tech giant Alibaba to develop AI-powered features for iPhones sold in China, according to The Information.
Recent on-chain data indicates that Binance has liquidated a significant portion of its Bitcoin (BTC) reserves accrued through fees and trading activities. Despite this, all user balances remain fully backed in hot wallets and cold storage. However, Binance’s overall reserves have notably declined.
President Donald Trump announced that the United States will impose a 25% tariff on all steel and aluminum imports, including those from Canada and Mexico, with additional import duties expected later in the week.
The United Arab Emirates and Singapore are emerging as top destinations for the world’s affluent, drawing high-net-worth individuals (HNWIs) with their low taxes, political stability, and advanced infrastructure, according to Markelitics.
Bitcoin ATMs are now being installed across Costco stores in the United States, driven by the pro-crypto stance of President Donald Trump’s administration. This policy shift has enabled crypto ATM operators to expand their networks.
Dubai is set to redefine the global blockchain landscape with its ambitious 17-story Crypto Tower, offering approximately 46,000 square meters of rental space dedicated to Web3 innovation and development.
The price of gold has skyrocketed to new all-time highs, surging over 2% in the past three sessions and reaching $2,800 per ounce. This bullish momentum is fueled by escalating market uncertainty surrounding the potential onset of a new global trade war.
The recent escalation in President Donald Trump’s trade policies has sent shockwaves through both traditional financial markets and the cryptocurrency sector. By initiating a new trade war with Canada, Mexico, and potentially China, Trump has set in motion a series of economic ripples that are being felt far beyond traditional markets. According to Markelitics, these geopolitical tensions are fueling widespread volatility, particularly within the crypto space.
Liang Wenfeng, born in 1985 in Zhanjiang, southern China, is a pioneer in artificial intelligence. Raised in a family of teachers, he studied at Zhejiang University, earning a degree in electronic engineering in 2006 and a master’s in information engineering in 2010.
Apple, T-Mobile, and SpaceX are reportedly working together to bring Starlink satellite connectivity to iPhone users, potentially adding another satellite option for those who need coverage beyond traditional networks. According to a recent report, this feature is currently in beta testing for a limited number of T-Mobile customers.
Federal employees and their advocates have strongly condemned a controversial move by the Trump administration encouraging mass resignations. A government-wide email, sent by the Office of Personnel Management (OPM) to nearly 3 million federal workers
Bill Gates has labeled Elon Musk’s support for far-right politicians and his interference in other countries’ politics – including the UK – as “insane shit.”
A Chinese startup has shaken the tech world with the launch of an advanced and free language model, raising questions about the future of American dominance in the artificial intelligence sector. This breakthrough immediately disrupted financial markets
Starbucks Corp. awarded its new Chief Executive Officer, Brian Niccol, approximately $96 million after just four months on the job last year, marking one of the largest compensation packages in corporate America.
Although Trump and his entities cannot immediately sell all the tokens of the "Official Trump" memecoin (subject to a three-year unlocking schedule), the nominal value of the assets has already reached $12 billion.
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