Carlo Ancelotti, the esteemed Real Madrid coach and one of the most successful managers in football history, has wrapped up his tax fraud trial in Spain. Prosecutors are pushing for a prison sentence of four years and nine months, accusing the Italian coach of failing to declare over one million euros in income from image…
Nearly a week after a devastating earthquake struck Myanmar, the death toll has climbed to 3,085, according to the country’s military-led government. Rescue teams continue to uncover more bodies, while thousands remain injured or missing. Official figures report 4,715 people injured and 341 still unaccounted for. However, with telecommunications down in many areas and rescue…
Global financial markets faced significant turmoil on Wednesday after U.S. President Donald Trump announced sweeping new tariffs, primarily targeting China and the European Union. The move has raised fears of escalating trade tensions, sending shockwaves through stocks, commodities, and currencies. Despite the announcement coming after Wall Street’s regular trading hours, its immediate effects were evident…
Billionaire entrepreneur Elon Musk is preparing to step away from his role in the U.S. government under President Donald Trump. According to Politico, which cited three sources close to the situation, Musk and Trump have mutually agreed that the Tesla and SpaceX CEO will soon return to his business ventures. Over the past few months,…
Asian stock markets wavered on Wednesday, while gold—considered a safe-haven asset—remained near record highs. Investors worldwide are anxiously awaiting details of U.S. President Donald Trump’s latest tariff plans, fearing an escalation in the ongoing global trade war. The White House is set to announce a fresh round of reciprocal tariffs at 2000 GMT, expected to…
After weeks of heavy losses, Asian markets staged a modest rebound on Tuesday. However, investor sentiment remains fragile as uncertainty looms over U.S. President Donald Trump’s impending tariff announcement. Gold, a traditional safe-haven asset, surged to another record high, reflecting the ongoing market jitters. Markets are bracing for what Trump has dubbed “Liberation Day” on…
MARA Holdings Inc. is making another aggressive move in the Bitcoin space, announcing plans to raise up to $2 billion through a stock offering to fund additional Bitcoin purchases. In a March 28 SEC filing, the Florida-based Bitcoin mining giant disclosed that it would collaborate with major investment firms to sell shares periodically under a…
Japan is doubling down on its efforts to reclaim its position in the global semiconductor industry, announcing an additional $5.4 billion in funding for chip-making venture Rapidus. The latest investment, revealed by Japan’s industry ministry on Monday, brings total government support for the company to 1.7 trillion yen ($11.4 billion). Rapidus, a consortium backed by…
Financial markets worldwide experienced a sharp downturn on Monday following U.S. President Donald Trump’s announcement that tariffs would apply broadly to all countries. His remarks, made aboard Air Force One, dampened hopes that the levies would be more targeted, fueling fears that escalating trade tensions could push the global economy toward recession. With uncertainty looming,…
China’s National Offshore Oil Corporation (CNOOC) has made a significant discovery in the eastern South China Sea, unveiling a massive oilfield with proven reserves exceeding 100 million tonnes. The newly discovered Huizhou 19-6 oilfield is located approximately 170 kilometers (100 miles) from Shenzhen in Guangdong Province. According to state-owned Xinhua News Agency, test drilling at…
