China's EV Giant BYD Misses Earnings, Enters Brutal New Phase Of Competition

The UK government is allowing American forces to use British air bases for attacks on Iran, with officials saying the bases could now be used for operations in the strategic Strait of Hormuz. On Friday, Downing Street said officials had “approved an expansion of the targets to help protect ships in the strait,” according to […]

ECB Backs Tokenized EU Capital Markets (With Strict Guardrails) Authored by Christina Comben via CoinTelegraph.com, The European Central Bank (ECB) set out a cautious path toward tokenizing Europe’s capital markets, saying the technology can deliver efficiency gains only if it remains anchored to central bank money, infrastructures remain interoperable, and regulation is “robust and supportive.”  In its latest Macroprudential Bulletin published on Monday, the ECB said distributed ledger technology (DLT) could help deepen the European Union’s savings and investments union, but warned that benefits will depend on interoperable infrastructure and policymakers keeping pace with...

Mamdani Proposes Massive Estate Tax Exemption Cut From $7M To $750K, Among Other Tax Increases New York City Mayor Zohran Mamdani is urging Albany to consider a sweeping overhaul of New York’s estate tax, proposing to sharply lower the exemption threshold and dramatically increase the top rate on large inheritances. His plan would cut the exemption from more than $7 million to $750,000 while boosting the highest tax rate from 16 percent to 50 percent, Bloomberg reported.  The idea was included in a policy memo his administration recently shared with state...