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‘I don’t know who he is’, says Trump after pardoning crypto tycoon
Posted onUS President Donald Trump says he does not know who Changpeng Zhao is, despite pardoning the cryptocurrency multi-billionaire last month. Trump was asked about the pardon during an interview with CBS News’ 60 Minutes programme, which was broadcast on Sunday. Zhao, who is also known as “CZ”, pleaded guilty to enabling money laundering in 2023….
SpaceX share price drops below stock market debut
Posted onSpaceX’s share price has dropped below its stock market debut just over a month ago, falling sharply from a post-float peak. The price for a single share in Elon Musk’s rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135 in June. SpaceX’s initial public offering…
China economic growth falls sharply, missing target
Posted onChina’s economic growth slowed sharply between the start of April and end of June as weak demand domestically and the impact of the Iran war on oil prices overshadowed the country’s strong exports. Official gross domestic product (GDP) figures showed that the world’s second largest economy grew in the second quarter of the year by…
Greenland will stay Greenland, former Trump adviser declares
Posted onFaisal Islam,Economics editor, Davosand Oliver Smith,Business reporter, Davos Gary Cohn says he thinks invading a country that is already part of Nato is “a little bit over the edge” Donald Trump will not be able to force Greenland to change ownership, a former top adviser to the US president has told the BBC. IBM’s vice…
US inflation rate eases to 3.5% as gasoline prices fall
Posted onInflation in the US eased last month as the cost of energy and filling up at the pumps fell, official figures show. Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May. Gasoline prices decreased 9.7% last month, but are still much more…
UAE condemns Irans brazen attack on tankers as US launches fresh strikes
Posted onThe UAE accused Iran of a “brazen” attack on two tankers in the Strait of Hormuz on Monday, killing one and wounding eight, as Donald Trump said the US would impose a 20% charge as part of a new blockade on the waterway. The US president said they were hitting Iran “very hard” as strikes…
