For years, America’s economy has been defined by a “K-shaped” gap: The rich kept spending at a rapid pace, while everyone else struggled to keep up. That divide is suddenly narrowing.Why it matters: Economists warned that consumer spending growth was increasingly reliant on wealthy Americans, leaving the economy vulnerable to a stock market downturn orContinue Reading

Coinbase Wins Abu Dhabi Approval to Launch Tokenized Securities Starting with Apple

The Financial Services Regulatory Authority of Abu Dhabi Global Market has granted Coinbase a Financial Services Permission to arrange investment deals and provide custody services for tokenized securities.Coinbase has also pursued regulatory approval in the United States for tokenized equities. In 2src25, the company asked the Securities and Exchange Commission to allow it to offerContinue Reading

the-traitor’s-dangerous-bet-on-pakistan’s-army-chief

In the dusty streets of Rawalakot in Pakistan-occupied Kashmir this June, security forces opened fire on demonstrators demanding basic rights and an end to elite privileges. At least 11 people were killed in the clashes, with eyewitnesses and local leaders describing heavy, indiscriminate firing on what began as a largelyContinue Reading

zambia-to-vote-as-economic-hardship-tests-government-reforms

Debt restructuring, inflation and copper revenues are emerging as key issues in the vote., Lusaka, Zambia – Zambians vote on August 13 in general elections widely seen as a test of whether years of economic reform have translated into improvements in everyday life. About 8.79 million voters are registered forContinue Reading