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intervenes

Alibaba-backed Ant Group and JD.com freeze stablecoin plans after Beijing intervenes: FT

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Key Takeaways Alibaba’s Ant Group and JD.com have stopped their stablecoin projects due to instructions from Beijing. These projects focused on yuan-based digital assets developed by major technology firms in China. Share this article Chinese tech giants, including Alibaba’s Ant Group and JD.com, have halted their stablecoin development projects following direct intervention from Beijing, according … Read more

If Trump intervenes in Fed, upheaval could ensue

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The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Feb. 27, 2024. Morah Ratner | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and … Read more

If Trump intervenes in Fed, market trouble may ensue

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The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Thursday, Sept. 12, 2024. Stefani Reynolds | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans … Read more

Reeves intervenes in UK car finance mis-selling case to protect lenders

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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Rachel Reeves on Monday launched a bid to shield car loan providers from multibillion-pound payouts in a landmark mis-selling case, after the Treasury warned it could damage Britain’s reputation as a place to do … Read more

TikTok says it will go dark on Sunday unless Biden intervenes; White House calls it a ‘stunt’

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Beata Zawrzel | Nurphoto | Getty Images TikTok said its services will go dark on Sunday without a guarantee from the Biden administration that it won’t punish Apple, Google and other service providers if they support the app. “Unless the Biden Administration immediately provides a definitive statement to satisfy the most critical service providers assuring … Read more

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