Nearly four years after the Uranium Finance hack shook the DeFi world, U.S. authorities have made a breakthrough, recovering $31 million in stolen cryptocurrency. The Southern District of New York (SDNY) announced the recovery on Monday, working alongside Homeland Security Investigations (HSI) in San Diego. In April 2021, Uranium Finance, an automated market maker (AMM) on Binance […]
In his latest report released on February 25, Michael Kokalari, chief economist of VinaCapital said that Vietnam’s government increased its 2025 infrastructure spending target from 6 to 7 per cent GDP last week and simultaneously lifted its GDP growth target for 2025 from 7 to 8 per cent. “The infrastructure investment in Vietnam by nearly […]
Indonesia has launched Danantara, a sovereign wealth fund designed to optimize the management of state-owned enterprises (SOEs), attract foreign capital, and drive national economic growth. With an initial capital of at least 1,000 trillion rupiah (US$61 billion), Danantara is positioned to be one of the largest financial instruments in Southeast Asia. Although not Indonesia’s first […]
The Democratic Republic of the Congo (DRC) has announced a four-month suspension of cobalt exports to regulate supply amid concerns of overproduction in the global market, authorities said Monday. In a statement, the DRC’s Regulatory and Oversight Authority for Strategic Mineral Substances Markets (ARECOMS), a public body under the Ministry of Mines, said that the […]
Russia is ready to cooperate with Washington on developing rare-earth elements that the US needs, the Kremlin said amid the start of a broader thaw in relations since Donald Trump came to office. “The Americans need rare-earth metals; we have a lot of them,” President Vladimir Putin’s spokesman, Dmitry Peskov, said to reporters on Tuesday, […]
Creditors of Austrian motorbike maker KTM AG approved a restructuring plan that will write off 70% of the company’s debt and resume production with the help of new investments. KTM will need to secure €548 million ($575 million) of funding by May 23 to pay creditors, according to the plan that was approved on Tuesday […]
IonQ Inc. is in advanced talks to acquire ID Quantique, a company that describes itself as a specialist in quantum-safe network encryption, according to a person with knowledge of the matter. The parties are discussing a transaction that values ID Quantique at about $250 million, said the person, who asked not to be identified discussing […]
British Prime Minister Keir Starmer on Tuesday pledged to boost defence spending to 2.5 per cent of the economy by 2027 with the aim of hiking it to 3 per cent in the next parliament. Ahead of key talks on Ukraine with US President Donald Trump in Washington on Thursday, Starmer told parliament the increase […]
The 2021–2025 National Development Plan (NDP), which aimed to lift 35 million people out of poverty and create 21 million full-time jobs by 2025, has joined the long list of the country’s failed economic blueprints. Instead of reducing poverty, the plan has seen an additional 44 million Nigerians plunged into extreme poverty. In 2021, the […]
New York City’s new toll on motorists driving into Manhattan’s busiest areas raised $48.6 million in its first month, as President Donald Trump is seeking to end the congestion pricing program just weeks after it began. The Metropolitan Transportation Authority, which manages the city’s transit network, began charging drivers on Jan. 5. The amount of […]