As Canada turns to stablecoin regulation, Scotiabank argued that the move is unlikely to shake domestic markets. Any framework is really about upgrading payment speed, efficiency and 24/7 settlement, rather than managing systemic risk, economist Derek Holt wrote in last week’s report. In November, the government committed itself to legislation that will regulate stablecoins backed…
TL;DR: Driving the newsGlobal arms revenues surged to an all-time high of $679 billion in 2024, up 5.9% in real terms, according to the latest SIPRI Top 100 ranking. While Europe and the US drove most of the increase, Asia and Oceania stood out as the only region to post a decline—largely due to a…
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David Solomon, chief executive officer of Goldman Sachs. Bloomberg | Bloomberg | Getty Images Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm’s asset management division. Goldman said the acquisition, expected to close in the…
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Chief election commissioner Gyanesh Kumar (Image credits: ANI) NEW DELHI: Chief election commissioner Gyanesh Kumar on Monday informed that India has been invited to chair the International Institute for Democracy and Electoral Assistance (International IDEA) for the first time, gaining recognition for its electoral process.Commenting on this achievement, he said, “The world recognises the successful…
The National Green Tribunal has given the environment ministry a deadline of February 6, 2026, to address a petition opposing the Shree Jagannath International Airport project. Opponents assert that the construction poses a threat to the delicate coastal ecosystem. Cuttack:National Green Tribunal (NGT) has granted the ministry of environment, forests and climate change time till…
India’s initial public offering (IPO) segment remains active, with roughly two dozen firms, including ICICI Prudential AMC, Meesho, and Juniper Green Energy, preparing to launch their public issues over the next two months. Collectively, these offerings could raise close to Rs 40,000 crore, according to merchant bankers.The upcoming slate also features prominent companies such as…
Wall Street broker Benchmark said bitcoin’s BTC$86,302.83 price pullback has revived the usual alarms about the survival of bitcoin treasury company Strategy (MSTR), concerns it dismisses as noise that surfaces whenever the cryptocurrency falls. In a report published Monday, analyst Mark Palmer argued that critics are confusing short-term moves with genuine solvency risk, overlooking a…
Parliament Winter Session: AAP MP Sanjay Singh seeks discussion on SIR in Upper House Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh, on Monday, submitted a Suspension of Business notice in the House, demanding a discussion on the ongoing Special Intensive Revision (SIR) of the electoral rolls in 12 States and Union Territories.Along with…
