Wednesday, 27th, 2024 | 4:31AM Updated

Representation of the Ethereum virtual currency standing on the PC motherboard are seen in this illustration picture,
Ether sees record outflows in last week of June -CoinShares

Ether investment products and funds posted record outflows in the last week of June, bearing the brunt of negative sentiment on cryptocurrencies, according to data on Monday from digital asset manager CoinShares.

Representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration taken
Crypto firms drop British registration bids amid scrutiny

A growing number of crypto asset firms are abandoning attempts to register with Britain's financial regulator as global scrutiny of the rapidly-growing sector intensifies.

The logo of U.S. conglomerate General Electric is pictured at the site of the company's energy branch in Belfort, France,
GE names Jan Kjaersgaard as chief of offshore wind business

General Electric Co named Jan Kjaersgaard as the new chief executive of its offshore wind business, effective Monday.

A delivery worker of Chinese online grocery Dingdong Maicai is seen on a street in Shanghai,
SoftBank-backed Dingdong slashes U.S. IPO target by over 70%

Chinese grocery app Dingdong, backed by SoftBank Vision Fund II, on Monday slashed the size of its initial public offering in the United States to about a fourth of what it had aimed for earlier.

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Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture
South Africa crypto exchange brothers disappear after client cash vanishes, lawyers say

Lawyers for investors in a cryptocurrency exchange in South Africa, which told clients in April their accounts had been hacked, say $3.6 billion has disappeared from the platform and that the two brothers who ran it cannot be traced.

The seal of the Department of Commerce is pictured in Washington, D.C., U.S
U.S. says ban on Chinese firm's solar products will not slow clean energy progress

The Biden administration said Thursday it banned U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co, but stopped short of imposing a ban on all imports of silica from Xinjiang and said the action would not harm U.S. clean energy goals.

The logo of carmaker Renault is pictured at a dealership in Vertou, near Nantes, France,
Renault chooses China's Envision for Douai EV battery plant - sources

Renault has chosen China's Envision AESC to produce batteries in the future Douai plant in northern France that will equip its future electric vehicles, including the Renault 5 model, two sources close to the matter told Reuters.

A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China,
China's Ant highlights distinction between NFTs and cryptocurrencies

China's Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion.

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken
Bitcoin Fund breaks new ground in Middle East with debut on Nasdaq Dubai

The Bitcoin Fund debuted on the Nasdaq Dubai on Wednesday, becoming the Middle East's first listed cryptocurrency fund.

Berkshire Hathaway CEO Warren Buffett (R) shows his friend Microsoft co-founder Bill Gates the finer points of newspaper tossing,
Warren Buffett resigns from Gates Foundation, has donated half his fortune

Billionaire investor Warren Buffett said he is resigning as a trustee of the Bill and Melinda Gates Foundation, and has donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc.

A Southwest Airlines Boeing 737-800 plane is seen at Los Angeles International Airport (LAX) in the Greater Los Angeles Area, California, U.S.
Southwest CEO Gary Kelly to hand reins to insider Robert Jordan

Southwest Airlines Co said on Wednesday long-time Chief Executive Officer Gary Kelly will step down next year and be succeeded by insider Robert Jordan as the company pushes past the coronavirus pandemic that hammered travel demand.

People walk past an ID. Store X showroom of SAIC Volkswagen in Chengdu, Sichuan province, China
Reality check for Volkswagen in China after sluggish start for electric car series

Volkswagen AG's ID series - the backbone of its electric vehicle ambitions - is off to what even company sources call a worryingly slow start in China.

 A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase,
U.S. Fed bank stress tests pave way for stock buyback, dividend bonanza

The country's largest lenders are poised to start issuing as much as $130 billion in dividends and stock buybacks from next month after the U.S. Federal Reserve gives them what is expected to be a clean bill of health on Thursday, said analysts.

An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, U.S
Amazon sees Prime Day sales boost amid supply chain snags

Amazon.com Inc's Prime Day saw strong online sales growth in the United States on Monday even as supply chain snafus and a robust spending appetite limited the level of discounts on popular products like electronics.

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