Business

Senator Kirsten Gillibrand announced plans to unveil new legislation aimed at regulating stablecoins, a move anticipated to occur as early as this week. Speaking at the Bitcoin Policy Summit held at the National Press Club in Washington on April 9, Gillibrand, alongside Senator Cynthia Lummis (R-Wyo.), disclosed ongoing negotiations to introduce…

Tech giant Apple has reportedly doubled its iPhone production in India, reaching a staggering $14 billion in output for the last fiscal year. This move accelerates efforts to diversify manufacturing beyond China, amid geopolitical tensions and growth prospects within India’s manufacturing sector. According to sources familiar with the…

The Organisation of the Petroleum Exporting Countries (OPEC) announced Thursday that it anticipates a surge in world oil demand, projecting an increase of 2.25 million barrels per day (bpd) in 2024 and 1.85 million bpd in 2025. In its latest monthly report, OPEC emphasized the robust fuel consumption…

The Asian Development Bank (ADB) has revised its projection for India’s gross domestic product (GDP) growth in the fiscal year (FY) 2024, anticipating a solid expansion of 7%. This upgrade, disclosed in the latest release of the ADB’s flagship economic report, the Asian Development Outlook (ADO) April 2024,…