Monday , 29 December 2025

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Bitcoin resurgence drives rally in Asia’s crypto-linked stocks

Bloomberg Bitcoin’s climb to above $11,000 for the first time in 15 months sparked gains in related Asian stocks on Monday. GMO Internet Inc climbed 7 percent in Tokyo to its highest level since October, while Metaps Inc jumped 11 percent, Remixpoint Inc 6.2 percent and Ceres Inc 4.4 percent. In Seoul, Vidente Co climbed as much as 5.4 percent …

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1GW giant battery planned to balance UK’s power grid

Bloomberg Statkraft AS joined with Statera Energy Ltd. to build a 1 gigawatt battery in the UK with a backup generator fuelled by natural gas, part of an effort to profit from the nation’s need to balance its power grid. London-based Statera will build the battery as well as an array of gas reciprocating engines, Norway-based Statkraft said. The systems …

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Trump says didn’t threaten to demote Fed’s Powell, but could

Bloomberg President Donald Trump denied that he’d threatened to demote Federal Reserve Chairman Jerome Powell but said he’d “be able to do that if I wanted.” The president repeated his criticism of Powell’s actions as Fed chief in an interview with NBC’s “Meet the Press.” “I’m not happy with his actions,” Trump said of Powell. “No, I don’t think he’s …

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