In the face of trade tensions, China says it will focus on its own economy
Economy

In the face of trade tensions, China says it will focus on its own economy

Real estate building under construction in Qingjiangpu District, Huai ‘an City, Jiangsu province, China, on July 15, 2024. Cfoto | Future Publishing | Getty Images BEIJING — Top Chinese officials on Friday emphasized the country would focus on its own affairs in the face of rising trade tensions. “As long as we do our own […]

Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy
Economy

Stablecoin giant Tether to mine bitcoin in Uruguay using renewable energy

Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in the current quarter, which is not yet over.Justin Tallis | Afp | Getty ImagesCryptocurrency giant Tether is setting up a bitcoin mining operation in Uruguay using renewable energy, as the company looks to diversify the… […]

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy
Economy

Dimon calls for Washington-Beijing engagement in first China visit since 2021 controversy

JPMorgan Chase and Company President and CEO Jamie Dimon testifies before a Senate Banking, Housing, and Urban Affairs hearing on “Annual Oversight of the Nation’s Largest Banks”, on Capitol Hill in Washington, U.S., September 22, 2022. Evelyn Hockstein | ReutersJPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for “real engagement” between policymakers in Washington… […]

Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave
Economy

Bye-bye bitcoin, hello AI: Texas miners leave crypto for next new wave

Cattle graze at the Buffalo Gap Wind Power project in Taylor and Nolan counties just south of Abilene, Texas. Robert Daemmrich | Corbis | Getty Images Just off of Interstate 20, in the heart of West Texas, is a town of 125,000 people called Abilene. Once a stopping point along a cross-country cattle trail in […]