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Russian central bank says suing Euroclear over frozen assets
Russian central bank says suing Euroclear over frozen assets
by  AFP

Russia's central bank on Friday said it was suing the Belgium-based Euroclear financial group, which holds Moscow's frozen international reserves, as the EU moves closer to using the funds to support Ukraine. On Friday, Russia's central bank said it was filing "a lawsuit against Euroclear in the Moscow Arbitration Court" due to what it called "the illegal actions" of the institution.

Asian markets track Wall St record after Fed cut
Asian markets track Wall St record after Fed cut
by  AFP

Asian equities rose Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve's latest interest rate cut. Still, investors in New York continued to look at the positives, pencilling in more cuts next year and pushing the S&P 500 and Dow to fresh records.

Windswept Kazakh rail hub at the heart of China-Europe trade
Windswept Kazakh rail hub at the heart of China-Europe trade
by  AFP

Operating a huge cargo lifter, Zhandos Nurmagambetov was stacking containers onto a train before it headed across the steppe of Kazakhstan on a new railway route vital for China-Europe trade. Though Kazakhstan and China share a 1,800-kilometre border, the first container trains to Europe only launched in 2013, said railway official Utegulov.

Crypto mogul Do Kwon sentenced to 15 years for fraud
Crypto mogul Do Kwon sentenced to 15 years for fraud
by  AFP

A US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.

Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
by  AFP

South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.

US Treasury chief seeks looser regulation at financial stability panel
US Treasury chief seeks looser regulation at financial stability panel
by  AFP

US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation. Chaired by the Treasury secretary, it comprises representatives of top financial regulators including the Federal Reserve, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation.

Make your own AI Mickey Mouse - Disney embraces new tech
Make your own AI Mickey Mouse - Disney embraces new tech
by  AFP

Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence. Disney shares rose as much as two percent on Thursday after the announcement.

Mexico approves measure raising tariffs on Chinese imports
Mexico approves measure raising tariffs on Chinese imports
by  AFP

President Claudia Sheinbaum defended a tariff increase on goods from China and other countries with which Mexico has no trade agreements, saying the measure was intended to strengthen the national economy. "The reason for these legal adjustments is to strengthen the national economy," she said.