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HSBC will announce $1.5 billion in cost savings and 40 job cuts in Hong Kong as it restructures, with further layoffs expected as part of a shift towards Asian markets.
Bitcoin slipped 0.8% to $96,197 on Monday, extending its 7.3% decline since Trump’s inauguration as investors watch for U.S. policy shifts and Federal Reserve decisions.
Argentina’s opposition calls for Milei’s impeachment after he promoted $LIBRA, a crypto token that surged then crashed, sparking backlash and a government investigation.
Four US states introduced new crypto bills this week, pushing the number to nine in February, as lawmakers move to regulate Bitcoin reserves, digital assets, and investment strategies.
Etihad Airways launches three weekly flights connecting Abu Dhabi and Sochi, adding its fourteenth new route this year, enhancing global connectivity.
Global electricity demand is projected to rise nearly 4% annually through 2027, driven by industrial expansion, transport electrification, and rapid data center growth.
Goldman Sachs’ crypto ETF holdings exceed $2B, showing rising institutional interest in Bitcoin and Ethereum as Wall Street firms increase their digital asset investments.
Treasury yields declined despite inflation data exceeding forecasts. Investors focused on upcoming Fed signals as markets awaited the PCE index to gauge inflation trends and policy shifts.
Sony raised its full-year forecast after strong PlayStation 5 sales lifted revenue and profits in the December quarter, surpassing analyst expectations and driving an 18% growth.
The European Commission’s 2025 agenda focuses on economic resilience, regulatory simplification, and security, with 11 legislative proposals to streamline rules and boost investment.
