The Swiss National Bank (SNB) remains firm in its decision to exclude Bitcoin and other digital assets from its foreign exchange reserves, according to Governor Martin Schlegel. Speaking to Bloomberg, Schlegel cited Bitcoin’s extreme volatility, instability, and regulatory challenges as key reasons for the SNB’s stance, emphasizing that such assets do not align with the…
Ukraine launched a significant drone strike on a Russian strategic bomber airfield on Thursday, igniting a massive explosion and fire approximately 700 km (435 miles) from the front lines of the ongoing war. Russian and Ukrainian officials confirmed the attack, marking another escalation in the conflict. Verified videos from the scene captured a powerful explosion…
Google has unveiled two new features for its Gemini AI suite: Canvas and Audio Overview. These innovations aim to enhance AI-driven content creation, providing users with real-time editing capabilities and engaging audio summaries. The features are now rolling out globally for Gemini and Gemini Advanced subscribers, according to Google’s official blog. Canvas is designed to…
US President Donald Trump has once again urged the Federal Reserve to lower interest rates, arguing that such a move would help counterbalance the economic impact of his tariff policies. His latest call for action came on Wednesday night via Truth Social, just hours after the Fed decided to keep rates unchanged while lowering its…
Asian equities mostly advanced on Thursday, buoyed by comments from US Federal Reserve Chair Jerome Powell that suggested any inflationary impact from tariffs would likely be short-lived. However, concerns linger as the Fed revised its growth outlook downward while raising its inflation projections. Recent weeks have seen heightened market volatility, driven largely by US President…
The U.S. is about to witness a major milestone in the crypto market as Solana exchange-traded funds (ETFs) tracking futures make their official debut. According to Bloomberg, Volatility Shares, a Florida-based asset management firm, has secured approval to launch the first-ever Solana futures ETFs in the country. The funds are set to begin trading on…
Nigerians could soon face a surge in the prices of premium energy products like diesel and petrol as the Dangote Petroleum Refinery temporarily suspends sales in Naira. In a statement on Wednesday, the $20 billion refinery—located in Lagos—explained that the move was necessary to avoid financial misalignment. “This decision is necessary to avoid a mismatch…
Israeli Prime Minister Benjamin Netanyahu has made it clear that negotiations with Hamas will only proceed under military pressure, following a series of intense airstrikes on Gaza that have reportedly killed over 400 people. In a televised address on Tuesday, Netanyahu emphasized that Israel’s military operations in the Palestinian territory were far from over, warning…
In a bold move to address the ongoing political turmoil in Rivers State, President Bola Tinubu has declared a state of emergency, suspending Governor Siminalayi Fubara, his deputy Ngozi Odu, and all members of the State House of Assembly for six months. This proclamation was made during a nationwide broadcast on Tuesday, citing the need…
Asian stock markets surged on Tuesday, buoyed by another strong session on Wall Street and renewed investor confidence in China’s economy. The rally came as fresh U.S. economic data eased recession fears, while Chinese tech stocks powered another impressive upswing in Hong Kong. Investor sentiment received a lift after Beijing announced a series of measures…
