EUR/GBP falls to near 0.8250 as Trump threatens 25% tariffs on the European Union

EUR/GBP weakens as President Trump warns of 25% tariffs on the European Union The EU vowed to respond against Trump’s proposed tariffs. BoE’s Swati Dhingra emphasized the limits of central bank policy in tackling trade-related supply shocks. EUR/GBP extends its losses for the second consecutive day, trading around 0.8270 during Asian hours on Thursday. The … Read more

FBI Arrests Three in Pig Butchering Crypto Scam Tied to $13M Fraud Scheme

Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.” The suspects, including Chinese nationals Mingzhi Li and Zeyue Jia, along with Jun Shi, allegedly created shell companies—Magic Location Trading and Stone Water Trading—to operate unregistered money service businesses that funneled funds … Read more

Nvidia warns of competition from China’s Huawei, despite U.S. sanctions

BEIJING — U.S. chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons, did not feature … Read more