Bitcoin crosses $80,000 for first time since mid-May driven by weaker dollar, gains 28% in August

Bitcoin hit $81,237.94, its highest level since mid-May, during Asian trading on Tuesday. Bitcoin crossed $80,000 for the first time since mid-May on Tuesday, extending its recent rally as a weaker US dollar and expectations of a more supportive policy environment boosted demand for cryptocurrencies.The world’s largest cryptocurrency climbed as high as $81,237.94 in Asian…

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Why Trump may have to target China to make its Iran ‘economic D-Day’ work

Part of the concern is that blacklisting Chinese companies could trigger another economic confrontation between Washington and Beijing. (Reuters file photo) The Donald Trump administration’s road to economically choke Iran will have to go through China – if it wants to cripple the Middle East country. However, with a fragile trade peace in place between…

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Fedex Delhi Cargo Hub: From 600 to 5,000 packages an hour: FedEx unveils $150 million Delhi cargo hub

Union Minister Ram Mohan Naidu during the groundbreaking ceremony of Federal Express Corporation’s (FedEx) integrated air cargo hub, in New Delhi Federal Express Corporation (FedEx) plans to invest around $150 million (over Rs 1,400 crore) to develop an integrated air cargo hub spread across 2.3 lakh square feet at Delhi’s Indira Gandhi International Airport (IGIA).The…

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Reserve Bank Of India: RBI intervenes to support rupee as oil prices, dollar demand rise: Report

File photo: A man walks past the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai (Picture credit: Reuters) The Reserve Bank of India likely intervened in the foreign exchange market on Tuesday to protect the rupee from pressure caused by elevated oil prices and sustained corporate demand for dollars, four traders told…

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Honey to hockey sticks: Trump’s 50% tariff net catches 550+ Canadian goods

Trump’s 50% tariff net catches 550+ Canadian goods Honey, makeup, Christmas decorations and a host of other everyday products have fallen victim to the latest US-Canada trade crossfire.More than 550 Canadian goods are now facing a steep 50% US tariff that came into force on Saturday. The list also includes kitchenware, smartphones, golf equipment, cosmetics,…

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