BUSINESS

US President Donald Trump has significant financial ties to the cryptocurrency sector, partnering with exchange platform World Liberty Financial and launching the 'Trump' memecoin in January

Now A Believer, Trump Hosts White House Crypto Summit

Donald Trump on Friday hosts top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy -- and where the Republican president faces conflict of interest concerns.
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Australia's Gender Pay Gap: Why Women Still Earn Significantly Less Than Men

According to the Workplace Gender Equality Agency, nearly three-quarters of Australian employers still pay men more than women. For the 12 months leading up to March 2024, women earned on average AU$28,425 less than their male counterparts. This means that for every dollar a man earns, a woman earns only 78 cents.
TSMC has plans to open three fabrication plants in the United States

TSMC To Invest $100 Billion To Expand Chip Manufacturing In US, Trump Announces

The move aligns with Trump's broader push to boost investments in American manufacturing. It will support the development of three new advanced chip plants, expanding beyond TSMC's existing facility and two ongoing projects in Arizona. The expansion is expected to generate tens of thousands of jobs.
Fashion

Ally Fashion Collapses: 185 Stores And 1000 Staff Impacted Across Australia

The Federal Court of Australia on Friday ordered the company to close due to financial difficulties. The process began in November 2024 when Ginninderra Properties, a commercial property group, filed for the action, as stated in a public notice by the Australian Securities and Investments Commission.
Hong Kong extended its recent rally, even as most other Asian markets fell

Frankfurt Stocks, Euro Rise On German Vote Outcome

Frankfurt equities and the euro rose Monday after conservatives led by Friedrich Merz won Germany's national election, with investors hoping that Europe's largest economy can emerge from recession.
Alibaba and other tech giants have enjoyed a revival in recent months, after being hit by a long-running government crackdown

China's Alibaba To Invest $50 Bn In AI, Cloud Computing

Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a week after co-founder Jack Ma was seen meeting President Xi Jinping.
The ECB began raising borrowing costs sharply in July 2022 as Russia's war in Ukraine pushed up costs

ECB Rate Hikes Result In Record Loss In 2024

The European Central bank on Thursday reported a record loss in 2024 after it had aggressively hiked eurozone interest rates in response to soaring inflation.

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