12:45 2025-07-04
India proposes retaliatory tariffs against the United States over auto tariffs at the WTOIndia on Friday proposed to impose retaliatory tariffs under World Trade Organization (WTO) norms on tariffs imposed by the United States on the automotive industry in the name of safeguard measures. "The proposed suspension of concessions or other obligations will increase tariffs on specific products originating in the United States," said a WTO notice circulated at India's request. India has notified the WTO Council on Trade in Goods of its proposed suspension of concessions and other obligat...
12:38 2025-07-04
Russian state-owned giant Rostec plans to launch a stablecoin and payment platform with the ruble on TronThe Russian state-owned giant Rostec has announced that it will launch RUBx, a ruble-anchored stablecoin, and RT-Pay, a payment platform, on the Tron blockchain. As the core enterprise of the Russian military-industrial complex, the group will serve as the sole issuer and operator of RUBx and maintain the anchor value through the "actual debt in rubles" stipulated by law.
The RT-Pay system will directly connect to the Russian bank settlement network, supporting real-time transfer and smart contr...
12:22 2025-07-04
Crypto project financing reaches $10.30 billion in first half of 2025Crypto project financing totaled $10.30 billion in the first half of 2025, surpassing the total for the full year of 2024, with Circle, TON Foundation and World Liberty Financial accounting for 22% of the total.
Stablecoin issuer Circle raised $1.10 billion on the New York Stock Exchange, and its shares rose more than 500% after listing. Telegram-linked blockchain developer TON Foundation completed a $400 million financing in March, with investors including Sequoia Capital, Ribbit and Benchmark....
12:19 2025-07-04
UBS: If Trump increases tariffs again, the dollar could fallIn a worst-case scenario, the U.S. could re-impose reciprocal tariffs that are currently suspended and the dollar could weaken, analysts at UBS Global Wealth Management said in a note. The 90-day tariff suspension ends on July 9. The most serious outcome would be the U.S. imposing previously announced higher tariffs on all trading partners without a trade deal, analysts said. The dollar could sell off against the euro, Swiss franc, Japanese yen and British pound. They added that less liquid curr...
12:18 2025-07-04
Ministry of Housing and Urban-Rural Development: Continuously consolidate the stability of the real estate marketOn July 4th, the research team of the Ministry of Housing and Urban-Rural Development recently went to Guangdong and Zhejiang provinces for investigation. The research team said that it is of great significance to promote the stable, healthy and high-quality development of the real estate market. All localities should earnestly shoulder their responsibilities, make full use of the autonomy of real estate regulation and control policies, and implement policies with precision in the city to improv...
12:04 2025-07-04
Biden slams "big and beautiful" bill: just to give billionaires huge tax breaksAccording to the US "Capitol Hill" report, the US House of Representatives passed the "Big and Beautiful" tax and spending bill promoted by President Trump on the afternoon of the 3rd. Former US President Biden spoke out later in the day, denouncing the bill as "reckless" and "cruel". "It will close rural hospitals and reduce food subsidies for veterans and the elderly. It will raise energy bills. It could also lead to major cuts in health insurance, while increasing the deficit by $4 trillion. ...