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Bitcoin calm shatters with sudden tumble, mass liquidations

BLOOMBERG A period of unusual calm in crypto markets ended abruptly  as the notion of higher-for-longer interest rates sparked a selloff in risk assets like Bitcoin, leading to mass liquidations of bullish bets. The rout pushed Bitcoin from near $29,000 to as low as $25,314 in a 24-hour span before the biggest token recovered slightly in early European trading on ...

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Global stocks heading for worst week since March

BLOOMBERG Stocks slumped, putting a global benchmark on track for the biggest weekly loss since March, as worries about China and higher global interest rates sapped sentiment. US equity futures were indicated lower, building on the selloff that’s stretched across risk assets. Bitcoin slid as much as 8% and oil was set for its first weekly loss since June. The ...

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UAE President, Ethiopian PM discuss cooperation and regional developments

ADDIS ABABA / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Dr Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, on Friday held talks on various aspects of bilateral relations, in addition to broader regional and international issues of mutual interest. During the meeting held in Addis Ababa, the Prime Minister of Ethiopia welcomed ...

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