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Crypto’s future is bright in the context of AI’s assault on SaaS, says Kraken-backed SPAC

Don’t be fooled by the prolonged crypto bear market, the industry remains a sound investment and less at risk from replacement by AI than traditional software as a service (SaaS) operations, according to Ravi Tanuku, CEO of KRAKacquisition Corp. (KRAKU), a blank check company backed by U.S. crypto exchange Kraken. The company, a Nasdaq-listed special…

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PM Modi, Saudi Crown Prince discuss Middle East crisis, push for open sea lanes | India News

NEW DELHI: Prime Minister Narendra Modi on Saturday held a telephonic conversation with Crown Prince and the prime minister of Saudi Arabia, Mohammed bin Salman, during which both leaders discussed the ongoing conflict in the Middle East.In a post on X, PM Modi said that he reiterated India’s condemnation of attacks on regional energy infrastructure…

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Russia sells reserve gold for first time in 25 years to fund Ukraine war deficit: Report

Russia has begun selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military expenditure, according to a report by Berlin-based news outlet bne IntelliNews.Regulatory data show that between 2022 and 2025, Russia sold gold and foreign…

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How crude oil benchmark volatility, refinery economics and a broken supply chain are testing India’s energy resilience

“Energy can never be created, nor destroyed; it can only be changed from one form to another.”The first law of thermodynamics remains a quiet scientific truth despite a broken supply of crude oil due to the ongoing Middle East crisis. As geopolitical disruption tightens its grip around the Strait of Hormuz, that law reads less…

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