Banks and cryptocurrency firms don’t always see eye to eye. Jamie Dimon, CEO of a major bank, recently suggested that crypto companies offering rewards on stablecoins should follow the same strict rules as traditional banks. But critics say that idea misses the point entirely. Peter Schiff, a well-k
Banks like JPMorgan, Citigroup, Wells Fargo, and Bank of America are teaming up to create their own digital money system. This network will start next year through their payment company called Clearing House. It's their way of competing with cryptocurrencies and stablecoins, which have grown a lot i
India has stepped up its cooperation with Venezuela in the energy sector, seeing Caracas as a key partner while global oil flows are hit by tensions in the Middle East. During a visit that began on June 4, Venezuela’s interim President Delcy Rodriguez arrived in New Delhi with a sizable delegatio
India recently set aside 100 billion rupees, roughly one billion dollars, to ease the strain on airlines caused by soaring jet fuel prices. These sky-high costs partly stem from tensions in West Asia, which have disrupted oil supplies and pushed prices up worldwide. Airlines often feel this the most
Banks and big financial firms keep trying to recreate blockchain from scratch, but that's like reinventing the wheel while ignoring the road already built. They can copy the code, hire consultants, and roll out permissioned systems behind closed doors. Yet no matter how polished their corporate bloc
India is testing fresh ways to pay for its massive ocean and water projects. A government company called Sagarmala wants to sell special bonds called ‘blue bonds’—the first of their kind in the country. These bonds work like regular loans but must be used only for clean-up efforts, port upgrades, sh
Banks and crypto firms just teamed up to launch a fresh kind of dollar coin called fUSD. Unlike most stablecoins that sit idle without growing, this one gives big institutions a small cut—around 3% per year—if they play by specific rules. The coin is built on existing tech used by trading desks and
India’s biggest car maker, Maruti Suzuki, is set to raise the price of its vehicles because the cost of making them has gone up. The price hike comes after a chain reaction that began in the Middle East, where fighting has made it harder for goods to move around the world and has pushed up fuel pric
Indian leaders are telling people to marry in their own country instead of traveling abroad. The reason is the cost of oil and gas that India imports from the Middle East. When tensions rise near the Strait of Hormuz, prices go up and the rupee weakens. A weaker rupee makes it harder for pe
Banks today look nothing like they did even five years ago. What used to be slow, paperwork-heavy processes are now running on smart software. AI isn’t just helping banks—it’s doing much of the work itself. These "agentic" AI systems don’t just follow instructions; they make decisions on the spot, w
