Kraken Parent Acquires Magic Labs’ Embedded Wallet Business According to The Block, Kraken parent Payward acquired Magic Labs’ embedded wallet business through an asset purchase. The business will move to Payward Services, while Magic Labs will become Newton Labs and focus
Russia cuts key rate to 14.0% despite inflation forecast rise The Russian central bank cut its key rate by 25bp to 14.0% despite raising its 2026 inflation forecast. The inflation forecast was raised to 6.0%-7.0% from 4.5%-5.5% due to a rise in fuel prices.
On 24 July, the Trump Administration announced new tariffs on imports from 60 economies, following an investigation by the Office of the United States Trade Representative (USTR) into failures to prohibit and enforce bans on goods produced with "forced labour". But the Nat
Brent crude falls to $89.23 a barrel after diplomatic pause in Middle East conflict reduces supply disruption fears. Oil prices plunged 7% on Monday, reaching a one-week low, as the U.S. and Iran paused military strikes over the weekend. Brent crude futures dropped $7.55 t
Eleven tankers transited the Bab el-Mandeb Strait Sunday, the fewest in months, after Houthi threats disrupted Saudi oil shipments. Tanker traffic through the Bab el-Mandeb Strait fell to its lowest level in months on Sunday, with only 11 vessels carrying commodities recor
Prime Minister Takaichi signals a move toward proactive fiscal measures while aiming to balance growth and discipline amid market and public skepticism. Japanese Prime Minister Sanae Takaichi announced plans to exit an excessively tight fiscal policy, emphasizing a shift t
Passenger battery electric vehicle sales soared 140% year-on-year, offsetting a 34% decline in ICE vehicle sales. Thailand’s vehicle sales rose 17% year-on-year to 58,724 units in June, driven by a 140% surge in battery electric vehicle (BEV) sales to 22,275 units. Interna
Iran’s denial of resuming US talks spurs modest USD rebound amid ongoing Gulf-mediated diplomatic efforts. The US Dollar (USD) pared losses in European trading after Iran’s Foreign Ministry spokesperson stated Tehran is not engaging in direct talks with Washington. The US
Olympia Financial Group completes the divestiture of its Raisr software business to a Beacon Software affiliate for undisclosed terms. Olympia Financial Group (OLYFF) finalized the sale of its Raisr business, a provider of SaaS and technology tools for private markets, to
Oil prices retreat after Trump halts further military action against Iran, reversing last week’s surge past $100 per barrel. Brent crude futures fell below $92 after President Trump paused additional strikes on Iran, easing fears of a broader Middle East conflict. The move
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