The UK accounting regulator has launched an investigation into Deloitte over its auditing of Glencore, following a corruption scandal at the FTSE 100 mining and commodities trading group. The Financial Reporting Council (FRC) said on Wednesday it was probing whether Deloitte “gave sufficient consideration to the risk of noncompliance with laws and regulations” when it…
US President Donald Trump on Tuesday declared the dawn of a “true golden age for America,” as he touted more than $90 billion in energy and technology investments at a high-profile innovation summit in Pennsylvania. Speaking at the Pennsylvania Energy and Innovation Summit at Carnegie Mellon University, Trump struck a triumphant tone while addressing a…
Big Tech companies are soon going to let investors know if all the hype is still worth it. Amid tariff turmoil and market uncertainty, the tech trade continues to power the S&P 500 higher. With mega-cap tech earnings due to kick off later this month, investors are looking for clues to know if the AI-fueled…
US President Donald Trump, apparently impatient with the slow progress of negotiations, on Monday slapped 25 per cent unilateral tariffs on Japan and South Korea and equal or higher import taxes on several other nations ahead of a self-imposed Wednesday deadline. Analysts said the move shows that the mercurial American leader is using threats to…
Steve Bannon has attacked Elon Musk over his plans to create a new political party. Speaking on his War Room podcast, President Donald Trump‘s former chief strategist called out the South African-born billionaire, who has U.S. citizenship, and said he was “not American.” The Context On Saturday, Musk—who supported Trump during the 2024 presidential election…
Donald Trump has celebrated the passage of his signature tax and spend legislation by declaring “there could be no better birthday present for America” on the eve of the 4 July holiday. The US president took a victory lap during an event in Des Moines, Iowa, that was officially billed as the start of a…
Was he always so lucky? Yes. Was wealth an aphrodisiac? No. In October 1980, Donald Trump, 34 years old, slender and soft-spoken, had answered a series of such questions from the gossip columnist Rona Barrett when he suddenly shifted the conversation onto a very different plane. When Ms Barrett asked about his destruction of some…
China is publicly “deeply concerned” about events in the Middle East but privately is probably celebrating. America is off to war again, and China will be the winner as it has been for two decades. Throughout China’s rise as an industrial power since it joined the World Trade Organization on December 11, 2001 — exactly…
For years we’ve read stories about antidemocratic countries abroad — supreme leaders acting with impunity, masked agents rounding up residents, troops in the streets, crackdowns on peaceful protests, intimidation and arrests of opposition figures, show-of-force military parades and political assassinations. For a time this month, I was abroad. And the antidemocratic country I was reading…
In just the past month, stablecoin has moved from the fringes of cryptocurrency into the heart of mainstream finance. Hong Kong enacted its stablecoin ordinance, creating a regulatory framework to legitimise and support the issuance of stablecoins, while US lawmakers discuss similar legislation aimed at fostering large-scale stablecoin adoption. Meanwhile, stablecoin issuer Circle Internet Group…