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IBM is buying data infrastructure company Confluent for $11 billion in cash in a bid to bolster its data and automation products as ever more companies move their tech operations to the cloud and deploy AI technology. The tech giant said it would offer $31 for each Confluent share, which is about 50% more than … Read more
Key Takeaways Kraken is set to acquire Backed Finance, a platform that issues digital tokens representing real-world assets such as stocks and ETFs. The move reflects Kraken’s belief in the potential of tokenized asset trading on blockchain networks. Share this article Kraken, a regulated cryptocurrency exchange, announced the acquisition of Backed Finance, a provider of … Read more
Key Takeaways India’s ARC token, a fully collateralized stablecoin pegged 1:1 to the Indian rupee, is set to launch in Q1 2026 to retain liquidity within the domestic economy. The ARC ecosystem will use Polygon infrastructure and Uniswap v4 to ensure regulatory compliance and restrict access, complementing the RBI’s digital currency. Share this article India’s … Read more
Pictured here is the Great Hall of the People in Beijing, China, ahead of the 76th anniversary of the founding of the People’s Republic of China on September 30, 2025. Anadolu | Anadolu | Getty Images BEIJING — China’s top leaders on Thursday stressed their resolve to boost domestic consumption over the next five years, … Read more
Jaque Silva | Nurphoto | Getty Images Google is adding more artificial intelligence into its Chrome browser as the search giant tries to fend off burgeoning competition from AI startups OpenAI and Perplexity. In a blog post Thursday, Google said it’s rolling out Gemini in Chrome to users of Mac and Windows computers in the … Read more
Good morning from Geneva. For years, European policymakers and business leaders have been fretting about what the right response is to the rising economic competition from the United States and China. Last week, the answer became clear: Europe intends to return to corporatism, meaning a closer alignment between business groups and government. At a meeting … Read more
Alexandr Wang, once the youngest self-made billionaire in the world, has agreed to join Meta to work on AI “superintelligence,” leaving the startup that made him rich after dropping out of MIT. Alexandr Wang’s Scale AI just inked a $14.3 billion investment deal with Meta, which transitions the 28-year-old out of his CEO position at … Read more
Defense Secretary Pete Hegseth on Saturday told allies in the Indo-Pacific that the U.S. has their back against increasing military and economic pressure from China, while insisting that they also contribute more to their own defense. Hegseth said the U.S. will bolster its defenses overseas to counter what the Pentagon views as rapidly developing threats … Read more
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French authorities are looking to provide extra security for cryptocurrency executives and their families following a series of high-profile kidnappings and attempted abductions. France’s Interior Minister Bruno Retailleau made the announcement in a statement on Friday, May 16. His remarks came as France grapples with a wave of violent attacks targeting leading figures in the … Read more
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