Author: staff
Because of the international, decentralized nature of financial technologies like crypto, having gaps in global rules is an issue as providers can go wherever the rules are the most lax, which “complicates oversight,” the review said. It added that global cooperation on regulating the currencies is “fragmented, inconsistent, and insufficient” to address their global nature. The FSB also flagged gaps in oversight of crypto service providers, saying supervision of “potentially higher risk activities, such as borrowing, lending, and margin trading, is often lacking” and enforcement can “lag behind regulatory development.” The review recommended that governments implement the global crypto framework…
Published on 16/10/2025 – 14:37 GMT+2 In a blow to investors hoping for more consolidation in the French telecoms market, the founder and owner of Altice France, Patrick Drahi, rejected a takeover offer for the firm’s subsidiary — SFR. SFR is the second-largest telecom operator in France, serving 26 million people. A consortium of Orange, Bouygues Telecom, and Free offered to pay €17 billion for most of the company’s assets, valuing the entire Altice Group at an estimated €21bn. Arthur Dreyfuss, Altice’s CEO, informed employees in an internal email on Wednesday that the offer, made on Tuesday, was “immediately rejected”,…
One of this year’s guests of honour at the Lumière Film Festival is Natalie Portman, the Oscar-winning actress and producer who continues to captivate audiences around the world after 30 years of filmmaking. The now 44-year-old star of Léon, Heat, the second Star Wars trilogy, Black Swan, Jackie, Annihilation, May December and countless other beloved movies is a huge get for the festival – as evidenced by winding queues of fans outside the Pathé Bellecour theatre trying to get a last-minute ticket for the sold-out event. During her masterclass, Portman generously, eloquently and humorously reflected on her career and her…
And the ex-PM, who read classics at Oxford, doesn’t just ask Sam Altman’s platform of an analysis of Homer’s “The Odyssey.” “I’m writing various books. I just use it. I just ask questions,” Johnson admitted. “You know the answer but ChatGPT always says: ‘Oh, your questions are clever. You’re brilliant. You’re excellent. You have such insight.’” Johnson’s memoir Unleashed was published last year and packed with eyebrow-raising revelations. “I love it. I see great promise in this technology because we’re all simple. We’re human beings.” The ex-PM, who ran Britain during the Covid-19 pandemic, said AI could drastically cut the…
At the same time, Moscow and Kyiv are targeting each other’s energy systems with increasing numbers of attacks by drones and missiles ahead of winter. Ukraine sees the U.S. long-range cruise missiles as a deterrent to make Moscow think twice about attacking, not least because it would signal to the Kremlin that Washington is firmly in Kyiv’s camp. And now the U.S. seems to be coming onboard with Ukraine’s thinking. The New York Times reported earlier this week that Washington already has a plan on supplying Tomahawks to Kyiv. “If there is no path to peace in the short term,…
The unrest, led by youth groups calling themselves Generation Z, comes amid a sharp rise in reported murders and cases of extortion across the country. While Generation Z refers globally to people under 30, the Peruvian movement has expanded to include trade union members and relatives of civilians killed during the anti-government demonstrations of 2022 and 2023. Clashes broke out near the Congress building, where protesters attempted to dismantle metal barriers and were confronted by riot police. Several people on both sides were injured, according to local reports. The protests follow the removal of former president Dina Boluarte last Friday,…
Merz has been under rising political pressure at home to do more to address Germany’s economic malaise. Following two straight years of economic contraction, economists expect little if any growth this year, in part due to U.S. President Donald Trump’s tariff policies, which hit Berlin’s export-oriented economy particularly hard. German business leaders are now urging the chancellor to undertake bolder reforms to stimulate growth. Merz’s centrist coalition has vowed to undertake labor market and welfare reforms. But in recent weeks, Merz has increasingly pointed the finger at Brussels, urging the bloc to cut red tape for business, strengthen the EU’s…
Published on 16/10/2025 – 12:43 GMT+2 Social media users have been criticising the European Parliament for supposedly being undemocratic, after a clip went viral showing a far-right Polish MEP being cut off mid-speaking. The video shows Grzegorz Braun responding to a speech by Belgian socialist MEP Kathleen Van Brempt about the EU’s support for Ukraine. “You are not helping Ukraine by prolonging this war,” he tells the European Parliament in the clip. “You’re not helping Ukrainian people who are looking for shelter, escaping their own country and…” His microphone is then cut off by Esteban González Pons, vice president of…
PARIS — French Prime Minister Sébastien Lecornu can breathe a sigh of relief for now after a no-confidence motion against his government failed to pass on Thursday. A total of 271 lawmakers voted in favor of the measure, falling below the 289 threshold that would have brought down the government. MPs will vote on a second no-confidence motion put forward by the far right, but left-wing lawmakers have already said they will not support it. Lecornu was expected to survive after committing to suspend an unpopular law that raised the age of retirement, but the result was not a sure thing…
Madagascar’s military coup leader Colonel Michael Randrianirina said Wednesday he will serve as president for up to two years before holding elections, as the African Union suspended the Indian Ocean island nation following President Andry Rajoelina’s overthrow. In his first interview since Rajoelina’s ouster, Randrianirina said “there must be an oath-taking” in the next few days to make his position official. Flanked by fellow officers, Randrianirina said at his unit’s barracks that they were “staying here for at least 18 months, at most two years.” Randrianirina, who led the coup that ousted President Andry Rajoelina two days earlier, “will be…