The move aims to bolster the rupee and foreign reserves as geopolitical tensions persist, curbing demand in the world’s second-largest gold market. India has raised import tariffs on gold and silver from 6% to 15%, a measure intended to support the rupee and ease pressure
Annual core inflation dipped to 2.8% in April, though rising fuel and services prices kept headline pressure high. Spain’s annual inflation eased marginally in April, with core prices falling to 2.8% from 2.9% in March. However, monthly headline inflation rose 0.4%, driven
Bybit offers $50,000 in weekly rewards Bybit is providing $50,000 in weekly rewards to its users. The rewards are based on the users' trading volume, with higher volumes unlocking more swaps and increasing the strength of their hand. The rewards system features di
The TRUMP token declines as Trump Mobile prepares to ship its rebranded T1 smartphone next week amid broader skepticism. The TRUMP token, a memecoin tied to former U.S. President Donald Trump, fell 5 percent after Trump Mobile announced its T1 handset will begin shipping n
BTC falls 2.3% to $79,200 after Xi’s Taiwan warning and inflation concerns trigger risk-off sentiment in markets. Bitcoin dropped below $80,000 to $79,200, down 2.3% in 24 hours, as geopolitical tensions and back-to-back inflation surprises pressured risk assets. The decli
US and China leaders emphasize trade cooperation and avoiding conflict in initial remarks at high-stakes economic talks. US President Donald Trump and Chinese President Xi Jinping opened their Beijing summit with remarks stressing trade ties and global stability. Xi highli
Bank of Japan’s Kazuyuki Masu says potential Iran war-driven energy crisis may hit Japan harder than the 1973 oil shock. Bank of Japan policy board member Kazuyuki Masu stated that an Iran war-driven energy shock could have a more severe impact on Japan’s economy than the
US and China discuss tariffs and trade US President Donald Trump and Chinese President Xi Jinping have begun a two-day summit in Beijing. The meeting is expected to cover various topics including tariffs, rare earths, and artificial intelligence. The last time a sit
Xi and Trump to meet soon A meeting between Xi and Trump is scheduled to take place. The meeting may yield news, but the timing of any announcements is uncertain. Japan's government is considering an extra budget, though Chief Cabinet Sec Kihara sees no immediate
Preliminary UK GDP data for Q1 is expected to show a rebound to 0.6% growth, though geopolitical tensions may weigh on future performance. The UK Office for National Statistics will publish its preliminary Q1 GDP estimate on Thursday, with analysts forecasting a 0.6% expan
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