TORONTO: Galantas Gold Corporation has entered into a share purchase agreement to acquire all of the issued and outstanding common shares of RDL Mining Corp. in exchange for common shares of Galantas. The transaction will create a combined company that intends to lead the advancement of the Indiana gold-copper project located in Chile (the “Indiana…
Author: Ali Mirza
Amazing AI to spin off digital asset unit to shareholders, appoints new adviser
LONDON: Fintech firm Amazing AI Plc (AQSE: AAI) said on Tuesday it would spin off 80.01% of its Mauritius-based subsidiary, which holds a digital asset treasury, to its existing shareholders as it looks to focus on its core online consumer loans business. The disposal of Amazing AI Services Ltd, for nil consideration, will see AAI shareholders…
Legislative breakthrough in Senate amid travel chaos and legal battles over food aid
WASHINGTON – The nation’s longest-ever government shutdown entered a critical new phase Monday as House Speaker Mike Johnson (R-La.) summoned representatives back to the Capitol to vote on a Senate-forged deal to reopen the government. The move signals a potential end to the 41-day crisis, even as its cascading effects—from snarled air travel to legal fights…
What a Zohran Mamdani mayoralty would mean for NY business
Zohran Mamdani’s NYC Win Signals Progressive Economic Shift with National Implications Zohran Mamdani is a prominent figure in New York’s progressive left, and his election would represent a seismic shift in the city’s—and potentially the country’s—political and economic landscape. Here’s a detailed breakdown of how the election of Zohran Mamdani as Mayor of New York…
Demystifying price action trading: The ultimate trader’s guide
If you’ve ever ventured into the world of online trading forums or tried to learn technical analysis, you’ve undoubtedly encountered the term “Price Action.” And if your immediate reaction was, “I looked it up and don’t really understand how this is a strategy, or what it is,” you are not alone. There is a lot…
Tech titans bet big on AI, fueling bubble fears as spending tops $380 billion
In a high-stakes gamble that is reshaping the global economy, America’s technology giants are doubling down on artificial intelligence, signaling this week that their record-breaking investments are only accelerating. Despite rising concerns from Wall Street and central banks that the industry is inflating a dangerous bubble, Alphabet (Google), Meta, Microsoft, and Amazon are collectively planning…
Ireland’s Permanent TSB launches formal sale process, state set to exit
LONDON: Irish lender Permanent TSB Group Holdings PTSB.I (PTSB) said on Tuesday it has begun a formal sale process, a move that could see the state sell its remaining stake and end its 17-year ownership of bailed-out banks. The board of PTSB, Ireland’s third-largest bank, said the decision was made with the support of its…
Octopus Renewables Infrastructure Trust announces sale of interest in HYRO Energy Limited
LONDON: Octopus Renewables Infrastructure Trust plc, the diversified renewables infrastructure company, today announces it has completed the sale of its entire interest in HYRO Energy Limited (“HYRO”), a UK-based green hydrogen and e-fuels development platform, for a total expected consideration of £4.6 million, in line with the Company’s latest holding value of HYRO. ORIT’s 25%…
America’s Digital Dollar Gambit: How Stablecoins Became a Geopolitical Tool
A new report reveals the strategic use of private stablecoins to defend US economic hegemony, while experts warn of hidden risks mirroring the 2008 financial crisis. In the shadow of Bitcoin’s rise as “digital gold,” a quieter but more profound financial revolution is underway. Stablecoins—digital tokens pegged to traditional currencies like the US dollar—now account…
NatWest lifts 2025 outlook on strong Q3 profit and lending growth
LONDON: British bank NatWest Group (NWG.L) upgraded its full-year income and profit guidance on Friday after higher lending and stable deposits helped it post a stronger-than-expected third-quarter attributable profit of £1.6 billion ($2.0 billion). The bank, one of Britain’s largest, reported a return on tangible equity (RoTE) – a key measure of profitability – of…
Global banks agree to invest £170 million in LSEG’s Post Trade Solutions business
LONDON: London Stock Exchange Group (LSEG) today announced that 11 leading global banks have agreed to invest in its Post Trade Solutions business, taking a 20% stake. The investing banks will each become shareholders in Post Trade Solutions, acquiring the stake for aggregate cash consideration of £170 million, valuing the whole of Post Trade Solutions at £850 million….
U.S. talent gap widens as H-1B lottery and heightened enforcement squeeze employers
WASHINGTON: A perfect storm of a severe skilled-worker shortage, restrictive immigration caps, and newly aggressive government enforcement is forcing U.S. companies to treat global talent recruitment as a primary strategic concern, rather than a peripheral administrative task, industry executives and data show. Immigration Service Issues Guidance On Who Pays The $100,000 H-1B Fee The scale…