The European Union has approved the disbursement of a €90 billion ($106 billion) loan to Ukraine, after Hungary lifted its veto. The development ends months of political deadlock over a critical financial support package. EU ambassadors granted preliminary approval during a meeting on Wednesday, according to the bloc’s rotating presidency, currently held by Cyprus. The
London’s benchmark FTSE 100 index remained largely unchanged on Wednesday as investors tracked developments in the Middle East and digested fresh inflation data from the UK. The blue-chip index slipped marginally by 0.03% to 10,495.22 points by 1048 GMT. Meanwhile, the mid-cap FTSE 250 index edged up 0.2%. Market participants remained cautious as geopolitical risks
As memecoin-led platforms gain traction, questions around onboarding, speculation, and long-term value are becoming harder to ignore. Sikka.fun, developed within the Shardeum ecosystem, is positioned as a simplified entry point into Web3, allowing users to create and interact with tokens with minimal friction. While the model aims to lower barriers to participation, it also draws
Volo Protocol suffered a security breach that led to the loss of approximately $3.5 million in digital assets after a targeted exploit hit a small set of its vaults on the Sui blockchain. The incident affected assets including WBTC, XAUm, and USDC, prompting the team to immediately freeze all vault operations to prevent further damage.
Rolls-Royce share price dropped for three consecutive days, reaching its lowest level since April 7 as crude oil soared. It dropped to a low of 1,160p, down sharply from the year-to-date high of 1,420p. RR stock chart | Source: TradingView The ongoing Rolls-Royce stock crash happened after President Donald Trump delivered another TACO (Trump Always
Best Buy has announced a leadership transition, naming Jason Bonfig as its next chief executive officer, replacing Corie Barry later this year. The move comes at a critical juncture for the consumer electronics retailer, which is grappling with sluggish sales growth and shifting consumer behaviour in a high-cost environment. Bonfig will take over as CEO
Robinhood’s proprietary investment vehicle for retail investors has taken a small stake in privately held OpenAI, the trading company announced on Wednesday. The Robinhood Ventures Fund I (RVI), which offers investors exposure to private technology companies, invested $75 million in the artificial intelligence firm. The fund went public and began trading on the New York
US stock indices moved higher on Wednesday after President Donald Trump extended the ceasefire with Iran, even as uncertainty persisted over the durability of the truce. The Dow Jones Industrial Average rose by more than 417 points, or about 0.85%, while the S&P 500 gained roughly 0.67% and the Nasdaq 100 climbed 0.72%. The gains
The US Federal Reserve is likely to wait at least six months before cutting interest rates this year, as inflation pressures persist, according to a Reuters poll of economists. The delay comes amid rising energy prices triggered by the ongoing conflict in the Middle East. The war, now nearing two months, has led to a
The war in Iran and the resulting closure of the Strait of Hormuz have created an acute shortage in the oil market. But, public attention has mostly been towards crude oil. However, the shortage is even more significant in jet fuel. The record high price of jet fuel—nearly $1,800 per ton in early April—reflects this