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Digital assets, particularly bitcoin, are poised for significant acceptance in 2025, driven by the election of Donald Trump, who aims to position the US as the "crypto capital of the planet." His executive order promotes a federal regulatory framework and encourages institutional investment, with over 1,000 entities, including hedge funds and banks, already involved. Meanwhile, the European Central Bank is exploring a digital euro in response, highlighting a global shift towards digital currencies amid rising inflation and fiscal challenges.
The Enforcement Directorate is investigating Paytm's parent company, One97 Communications, for alleged violations of the Foreign Exchange Management Act (FEMA), including unreported foreign investments and improper fund transfers abroad. The probe, which covers activities from 2015 to 2019, involves the company's acquisitions of subsidiaries Little Internet and Nearbuy India, with potential contraventions amounting to around Rs 611 crore. Paytm is currently seeking legal advice to address these allegations while maintaining its commitment to compliance and governance standards.
DBS Group plans to cut around 4,000 temporary jobs over the next three years, with some tasks being automated through artificial intelligence. Meanwhile, Tesla's new registrations in Europe have halved despite a 33% increase in overall electric car sales. Zürcher Kantonalbank is restructuring to create a new "Private Clients" unit, appointing Susanne Thellung as head, effective June 1, 2025. The Swiss economy showed a slight growth of 0.5% in Q4 2024, while Raiffeisen Group reported lower profits due to changing interest rates.
Sevens Atelier Limited reported a net profit of S$0.31 million for FY 2024, rebounding from a loss of S$4.05 million in FY 2023, despite a revenue drop to S$9.10 million. The company achieved improved gross profit margins and reduced administrative expenses by nearly 50%, positioning itself for sustainable growth with an order book of S$12.36 million. Looking ahead, Sevens Atelier aims to explore strategic growth through mergers and acquisitions and expansion into new markets, capitalizing on a favorable macroeconomic outlook.
Barclays Private Bank's UAE CEO, Rasha Badawi, emphasizes 2025 as a pivotal year, marking significant anniversaries in the region. The bank has experienced substantial growth in assets under management and team expansion, driven by wealth migration and complex client demands. With a renewed focus on alternative investments and a strategic presence in Asia, Barclays aims to navigate increasing competition in Dubai's private banking sector.
UBS has increased its price target for Marvell Technology Group Ltd to $125 from $115 while maintaining a Buy rating. The company specializes in integrated communications and storage circuits, with net sales primarily from data centers (40.2%) and enterprise networks (22.3%), among other sectors. Geographically, sales are dominated by China (43.1%) and the United States (14.4%).
On January 7, 2025, Singapore and Malaysia signed an agreement to establish the Johor-Singapore Special Economic Zone (JS-SEZ) in Johor, aimed at enhancing investment and economic ties. Spanning nine flagship areas, the JS-SEZ will focus on high-growth sectors, streamline cross-border connectivity, and create 20,000 skilled jobs, positioning itself as a model for regional cooperation and sustainable development in ASEAN.
Oppo has launched the Find N5, a flagship folding smartphone priced at approximately $1,870, featuring a slim design and advanced AI capabilities. The device folds in half, offering a 6.62-inch display that expands to an 8.12-inch tablet, and includes a triple-camera system with AI-enhanced zoom. Additionally, it allows users to connect and control a Mac computer via the O+ Connect app, showcasing Oppo's push to compete with major players like Samsung and Huawei in the foldable market.
Intel Corporation, a leading semiconductor manufacturer, generates 69.6% of its net sales from computing architecture products, including processors and graphics cards. Wafer manufacturing services account for 25%, while other products contribute 5.4%. Geographically, sales are distributed with 29.2% in China, 24.5% in the U.S., and significant shares in Singapore, Taiwan, and other regions.
The Swiss stock market closed lower, with the SMI down 0.40% amid global concerns over Donald Trump's new tariffs on key trading partners, which investors fear could harm the economy. While the services sector in Switzerland showed growth, manufacturing faced significant challenges, leading to workforce cuts. Notable stock movements included Julius Bär dropping 12.7% and Lonza rising 2.7%.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
digital assets poised for mainstream acceptance under new us administration in 2025
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17:28 05.03.2025
enforcement directorate investigates paytm for foreign funding and regulatory violations
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11:51 04.03.2025
dbs group plans to cut 4000 temporary jobs due to ai integration
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08:25 28.02.2025
Sevens Atelier reports profit in FY 2024 amid strategic growth initiatives
18:15 26.02.2025
Barclays Private Bank focuses on growth and execution in the UAE market
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06:08 25.02.2025
ubs raises marvell technology price target to 125 keeps buy rating
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14:41 24.02.2025
johor singapore special economic zone a new era for regional investment
11:46 22.02.2025
Oppo launches Find N5 folding phone to challenge Samsung and Huawei
13:32 20.02.2025
intel corporation maintains strong semiconductor leadership with diverse product offerings
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11:38 04.02.2025
global markets decline as trump tariffs raise economic concerns
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18:01 03.02.2025
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