An international crypto crime ring laundered over $100 million through South Korea just as the country eased restrictions on digital asset investments. South Korea’s customs agency revealed on Monday that it had uncovered a large-scale cryptocurrency laundering operation. The Korea Customs Service (KCS) said three Chinese nationals had been referred to prosecutors for breaking the
Safe-haven demand propelled gold and silver prices to fresh record highs on Monday, even as experts see further upside. Oil prices slipped, reversing the gains from Friday as civil protests in Iran eased, reducing the threat of a US attack and lowering crude oil supplies. Meanwhile, base metals moved higher this morning, following a decline
On Monday, BHP was denied permission to appeal a London court verdict that found the mining company accountable for the 2015 dam collapse in southeastern Brazil, a claim that may eventually be worth tens of billions of pounds. According to Reuters, the decision upholds a November High Court ruling that declared BHP legally accountable for
Tariffs imposed by the Trump administration on foreign goods have been largely absorbed by American importers, not international exporters. A new study by a German economic institute shows that almost the full cost of increased duties is being passed on to US businesses and households. Despite claims that tariffs force foreign companies to pay, the
For two years, the European Union (EU) sat on a weapon it had never fired. The Anti-Coercion Instrument, a trade enforcement tool launched in December 2023, was designed to shield Europe from economic bullying by hostile powers. Then, on January 17, 2026, Donald Trump changed the game. By threatening 10% tariffs on eight NATO allies
Could US President Donald Trump’s renewed push to acquire Greenland — by purchase or force — mark a breaking point for NATO’s 77-year-old alliance? A growing number of experts and political figures believe it could. Trump said on Saturday that NATO countries that have deployed small contingents of troops to Greenland would face a 10%
Oil prices rose sharply on Tuesday due to fears over disruptions in supply from Iran. Both West Texas Intermediate crude oil and Brent hit multi-month highs on Tuesday, with WTI prices breaching the $60-per-barrel mark for the first time since December 8. Meanwhile, gold prices were mostly steady around the $4,600 per ounce level amid
Markets wrapped the day, juggling easing inflation, central bank politics, and rising geopolitical risk. A cooler US CPI print revived expectations for earlier Fed rate cuts, while an unusual alliance of global policymakers and Wall Street leaders rallied behind Chair Jerome Powell amid signs of political pressure. Meanwhile, oil surged as Washington hardened its posture
More than 20 investors and the climate activist shareholder group Follow This have jointly filed resolutions with BP and Shell. The resolutions call for the oil and gas giants to disclose their strategies for generating value should global demand for their core products decline, the group announced on Wednesday. The strategic shift in focus by
US equity markets stumbled midday for the second consecutive session on Wednesday, with major indices retreating from their recent record highs as investors grappled with disappointing corporate earnings guidance. Moreover, escalating geopolitical tensions in Iran and an unexpected delay in the Supreme Court’s ruling on Trump’s tariffs also weighed on the sentiment. The S&P 500