From phishing texts to ‘pig butchering’ romance scams, cryptocurrency fraud is on the rise. Here’s how to spot scams before it’s too late.
Thai EV output set to jump, sparking a price war in a bruised market
BANGKOK -Thailand is bracing for an extended EV price war triggered by a surge in local production from Chinese car makers, a move likely to deal a further blow to a domestic auto industry already struggling with tumbling sales, industry experts said. Electric vehicle sales in Thailand, Southeast Asia's largest EV market, are forecast to jump 40% this year, exceeding 100,000 units and reversing a 8% drop in sales last year, Suroj Sangsnit, president of Electric Vehicle Association of Thailand (EVAT), told Reuters. The programme, which also includes price subsidies of up to 150,000 baht ($4,400), helped Southeast Asia's second-largest economy become the region's biggest EV market, which registered 70,000 new EVs last year.
BOJ’s Ueda Voices Confidence on Rate Hike Messaging to Market
(Bloomberg) -- The Bank of Japan’s message on gradual interest hikes has been clearly received by financial markets, Governor Kazuo Ueda said, adding that more hikes will take place if its economic outlook is realized. Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Th
Trump is getting the lower interest rates he demanded from everyone but the Fed
U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers. The European Central Bank cut rates on Thursday, the Bank of Canada did as well on Wednesday, and the Bank of England is likely to do so next week – steps that, with the Fed in a holding pattern on rates, could strengthen the value of the dollar and further complicate Trump's trade goals by making imports cheaper and U.S. exports more expensive. ECB President Christine Lagarde noted on Thursday that renewed trade tensions could even put more pressure on lagging euro zone growth, a potential argument for even lower rates in the 20-nation bloc.
Bitcoin Steady, Gold Tokens Shine as XAU Hits Record High; Inflation in Tokyo Rises
BTC takes a breather as Trump's tariff threat bodes well for gold, and the uptick in Tokyo inflation supports BOJ rate hikes.
Women Don’t Trust Bank of England With Inflation, Study Finds
(Bloomberg) -- Women trust the Bank of England less than men and feel more squeezed by cost-of-living shocks, new research shows, underlining the challenge facing the central bank to improve its public reputation.Most Read from BloombergHow the 2025 Catholic Jubilee Is Reshaping RomeManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threaten
Chinese state-linked accounts hyped DeepSeek AI launch ahead of US stock rout, Graphika says
Chinese state-linked social media accounts amplified narratives celebrating the launch of Chinese startup DeepSeek's AI models last week, days before the news tanked U.S. tech stocks, according to online analysis firm Graphika. The accounts involved in the effort, including those of Chinese diplomats, embassies and state media, amplified media coverage of the launch and promoted the idea that DeepSeek challenged U.S. dominance in the AI sector, New York-based Graphika said in a report it provided to Reuters on Thursday. The messaging was rolled out on platforms such as Elon Musk's X and Meta Platforms' Facebook and Instagram, as well as Chinese services Toutiao and Weibo, Graphika said.
Nvidia stock has crossed a red line that points to more pain after this week's DeepSeek rout
Nvidia crossed below its 200-day moving average this week for the first time since 2023. Analysts say the correction could deepen.
SK Hynix Shares Slide on DeepSeek Worry as Korea Market Reopens
(Bloomberg) -- Shares of SK Hynix Inc., a key supplier to Nvidia Corp., tumbled more than 11% in post-holiday catchup trading after Chinese startup DeepSeek shocked the AI world.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The surprising n
Federated Hermes Says Indian Stocks Battling a ‘A Perfect Storm’
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials Vivek Bhutoria has been bearish on India