Alibaba’s global business-to-business platform is moving to streamline cross-border payments by using tokenized versions of major currencies, part of a broader shift toward blockchain-based settlement in global commerce. Kuo Zhang, president of Alibaba.com, told CNBC that the platform plans to begin using tokenized deposits backed by fiat currencies such as the U.S. dollar and euro….
NEW DELHI: The National Democratic Alliance (NDA) registered a decisive victory in the 2025 Bihar Assembly elections. The alliance won 202 seats in the 243-member assembly, with the Bharatiya Janata Party (BJP) emerging as the single largest party with 89 seats, closely followed by the Janata Dal (United) (JDU) at 85 seats. The Lok Janshakti…
NEW DELHI: The running of special trains before and during the Chhath-Bihar assembly poll period not only allowed the state’s people to celebrate their biggest festival back home but also enabled them to cast their vote — the railways playing a part in the state reporting a record voter turnout (67%), the highest since 1951.The…
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US President Donald Trump on Friday gave a sigh of relief to American consumers with the announcement of cutting tariffs on a range of products such as beef, coffee, tropical fruits and other commodities. This comes as a major shift in his trade policy as the White House moves to address rising costs for US…
For months now, bitcoin has followed a frustratingly familiar pattern for the bulls: seemingly over-correlated with the Nasdaq 100 when that stock gauge headed lower, but losing nearly all correlation when the leading tech index moved higher. This week proved no different, with the Nasdaq tumbling on 2% on Thursday and bitcoin plunging twice as…
Will banks remain open today or closed today?Many banking customers are unsure about operations today because 15 November falls on a Saturday, which is commonly assumed to be a bank holiday. The confusion left a large number of people wondering if they should complete their banking work over the weekend or postpone it to a…
NEW DELHI: In just about six years, the railways has come full circle and more or less returned to the earlier system, not only for recruiting officers but also for appointing its topmost officials, including the chairman and members of the railway board, as well as general managers across all zones.In the recently notified Indian…
The United States has told Serbia it will not lift sanctions on the country’s largest oil company, NIS, unless Belgrade ensures a complete withdrawal of Russian ownership, Serbian Energy Minister Dubravka Djedovic Handanovic said on Saturday, calling the weeks ahead “some of the most difficult decisions in our history”.NIS — the Petroleum Industry of Serbia…
Walmart is set to undergo a major leadership change, as the chief executive, Doug McMillon, will retire next year, after spending a little over 10 years at the position. The company has named John Furner, currently CEO and president of Walmart’s US operations, as his successor. Furner will assume the top job on February 1,…
