BEIJING, April 2 () - The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He Yadong said on Thursday. He's remarks were in response to a question on what measures China would take regarding Meta's acquisition of Chinese artificial intelligence startup Manus.
BEIJING, April 2 () - The Chinese government supports companies with transnational operations and technology cooperation deals according to needs and the law, commerce ministry spokesperson He Yadong said on Thursday. He's remarks were in response to a question on what measures China would take regarding Meta's acquisition of Chinese artificial intelligence startup Manus.
For many older Americans, Social Security serves as a crucial source of retirement income. But for a good chunk of seniors, those monthly benefits are the only income they have. If you're struggling to save for retirement, you may be wondering if it's possible to live on Social Security alone. The answer is that it's possible. But it may not be comfortable -- at all. Image source: Getty Images. Co...
For many older Americans, Social Security serves as a crucial source of retirement income. But for a good chunk of seniors, those monthly benefits are the only income they have. If you're struggling to save for retirement, you may be wondering if it's possible to live on Social Security alone. The answer is that it's possible. But it may not be comfortable -- at all. Image source: Getty Images. Continue reading
Germany and Italy have jointly proposed an EU‑wide “kill switch” that would let regulators abruptly ban foreign global stablecoins operating in the bloc if they threaten financial stability or breach rules, Euronews reported. The plan would allow the European Union to bar stablecoins issued outside the bloc unless their home-country regulations are deemed equivalent to EU standards. The two countr...
Germany and Italy have jointly proposed an EU‑wide “kill switch” that would let regulators abruptly ban foreign global stablecoins operating in the bloc if they threaten financial stability or breach rules, Euronews reported. The plan would allow the European Union to bar stablecoins issued outside the bloc unless their home-country regulations are deemed equivalent to EU standards. The two countries set out their position in a joint discussion paper circulated on 27 March, ahead of a working party meeting on the bloc's Market Integration and Supervision Package (MISP), the report added . The proposal introduces a mechanism ensuring that reserves backing stablecoins can be instantly mobilized across borders in times of stress. If cross-border liquidity cannot be guaranteed, regulators could halt or restrict the stablecoin’s use in the EU, effectively acting as a "kill switch." The EU policymakers are increasingly concerned that dollar-backed stablecoins dominate the market, potentially undermining Europe’s financial autonomy. The timing collides with the European Systemic Risk Board (ESRB) warning that multi-issuer stablecoin structures pose systemic risks. "Timing is key and we should act soon to address the financial stability and consumer protection risks posed by the multi-issuance scheme in the ongoing MISP negotiations," the document read. Germany and Italy are pushing to embed these safeguards into the ongoing MISP negotiations, arguing that authorities must act by the end of 2026–2027 to line up with the ESRB’s timelines. Stocks to watch: Circle Internet ( CRCL ), Coinbase ( COIN ), Robinhood Markets ( HOOD ), Block ( XYZ ), PayPal ( PYPL ). More on Euro Area Euro Comes Out Swinging: Can The 'Trump Reversal' Sustain EUR/USD's Upside Bias? EUR/USD Found Support Above 1.1495, Potential Push Up Towards 'Expanding Wedge' Range Resistance GBP/USD Chart Alert: Bull Flag Pattern In Play Ahead Of Retail Sales Data European markets rise as Iran de-escalation hopes li...
Wang Yi and Abdullatif Al Zayani (right). Photo: VCG Wang Yi, China’s foreign minister and a member of the Communist Party’s Politburo, on Thursday urged international intervention to stabilize the Middle East and safeguard the Strait of Hormuz during an April 2 call with Bahrain Foreign Minister Abdullatif Al Zayani. Al Zayani, who currently serves as the rotating chairman of the Gulf Cooperation...
Wang Yi and Abdullatif Al Zayani (right). Photo: VCG Wang Yi, China’s foreign minister and a member of the Communist Party’s Politburo, on Thursday urged international intervention to stabilize the Middle East and safeguard the Strait of Hormuz during an April 2 call with Bahrain Foreign Minister Abdullatif Al Zayani. Al Zayani, who currently serves as the rotating chairman of the Gulf Cooperation Council, initiated the phone call to brief Wang on the region’s volatile security environment and Bahrain’s strategic posture.