Autor: Jane Austen

Trump’s Tariffs and Global Trade Fears Trigger Market Meltdown Says Wintermute CEO as $2.2 Billion Liquidated Over $2 billion in cryptocurrency was liquidated within 24 hours following U.S. President Donald Trump’s executive order imposing tariffs on imports from China, Canada, and Mexico. Wintermute CEO Evgeny Gaevoy attributed the market crash to traditional finance (TradFi) events rather than insider actions. He stated that recent downturns in the crypto market have been directly linked to external economic factors, including Trump’s tariffs and the collapse triggered by DeepSeek. Investor concerns deepened as Bybit CEO Ben Zhou estimated that total crypto liquidations could have…

Realme P3 Pro had recently started doing rounds of the rumour mill. The company has now confirmed that the Realme P3 Pro 5G handset will launch in India as part of the Realme P3 5G series. The phone will be equipped with AI-backed GT Boost features which are expected to assist users enhance their gaming experiences. The same GT Boost gaming technology will also come to the Realme GT 7 Pro, which was unveiled in the country in November 2024.Realme P3 Pro 5G to Launch in India With GT Boost Gaming TechnologyRealme P3 Pro 5G will launch in India soon as part of…

Aon’s Reinsurance Solutions appoints Wesley Roy as head of property for Australia, New Zealand February 4 2025 by InsuranceAsia News Aon’s Reinsurance Solutions has appointed Wesley Roy as head of property for Australia and New Zealand, according to a LinkedIn update.Sydney-based Roy (pictured) was previously head of reinsurance a… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login Join the mailing list Designed to help you stay ahead, our daily newsletter provides a round-up…

BELGRADE (Reuters) – Serbian oil company NIS, which is majority-owned by Russia’s Gazprom Neft and Gazprom, has submitted a formal request to the U.S. Treasury Department for a waiver of sanctions for 90 days, Serbia’s energy ministry said on Tuesday. In a statement, the ministry said that the NIS request has the backing of the Serbian and Hungarian governments. «We urgently request that OFAC (Office of Foreign Assets Control) consider immediate assistance, in the form of a suspension of sanctions for a minimum of 90 days, while a sustainable solution that would lead to the lifting of sanctions is considered,»…

TOKYO (AP) — The conviction of a former American Nissan executive for helping fugitive former Chairman Carlos Ghosn hide income was upheld by a Japanese appeals court Tuesday, which also rejected prosecutors’ bid to overturn his acquitals on other counts. Greg Kelly, a lawyer and former executive vice president at Nissan Motor Corp, was convicted in 2022 of charges related to only one of eight years during which prosecutors said he under-reported Ghosn’s income. Kelly, who received a 6-month sentence suspended for three years and was allowed to return to Tennessee, did not attend the hearing. Yoichi Kitamura, Kelly’s attorney,…

BioWare, the studio behind Dragon Age and Mass Effect, has reportedly been hit with layoffs and relocations, downsizing to less than half of its size from two years ago. The developer is said to have laid off over 20 employees and permanently moved several others to different teams across parent company Electronic Arts. The development follows a studio update from BioWare last week that said it was shifting its focus to the next Mass Effect title and had matched a number of its staffers to other teams at EA over the past few months.Layoffs at BioWareAccording to a Bloomberg report…

Apple Intelligence will soon support more languages including support for localised English for India. The announcement was made by CEO Tim Cook during the company’s fiscal Q1 2025 earnings call. The Cupertino-based tech giant’s artificial intelligence (AI) features suite is currently available in only the English language, but the company plans to expand support to more languages starting in April. While Hindi is among these new languages, the company will introduce support for India-specific English language with an over-the-air update.Apple Intelligence Will Support More LanguagesDuring the quarterly earnings call, Cook announced, “We’re excited that Apple Intelligence will be available in…

IAG’s RACQ Insurance acquisition runs into antitrust concerns February 4 2025 by Mithun Varkey The Australian Competition and Consumer Commission (ACCC) has initiated an investigation into the proposed acquisition of RACQ Insurance (RACQI) by Insurance Australia Group (IAG), according to an ann… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login MORE FROM: Legal/Regulatory Join the mailing list Designed to help you stay ahead, our daily newsletter provides a round-up of the latest news…

By Kate Abnett and Virginia Furness BRUSSELS (Reuters) – Investors with 6.6 trillion euros in assets under management have urged the European Union not to weaken its sustainability rules, as Brussels draws up plans to cut red tape around green finance. The European Commission will publish a proposal this month to simplify reporting requirements under sustainability policies that some businesses have complained are overly complex. In a joint statement on Tuesday, the investor groups including the Institutional Investors Group on Climate Change, the European Sustainable Investment Forum and the Principles for Responsible Investment said a full-scale reworking of the rules…

AMD (AMD) will report its fourth quarter earnings after the bell on Tuesday, just as President Trump’s 10% tariffs on goods made in China come into effect and a little over a week after China-based DeepSeek rocked the AI world. AMD shares have struggled throughout the last 12 months as the company has fought to gain ground in the AI data center space, falling 34% compared to rival Nvidia (NVDA), which has jumped 68%. Still, that’s better than archnemesis Intel (INTC), which has seen shares fall 53% in the same time period. AMD, along with the rest of the PC…