Estimated read time 3 min read
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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in DealAfter Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the […]
Estimated read time 4 min read
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Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains

Analysts Suspect Banking Crisis Triggered 'Resting Bull Market' in Gold, Silver Could Print Much Higher GainsAt the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time […]
Estimated read time 2 min read
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Indian Central Bank Chief: US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial System

Indian Central Bank Chief: Ongoing US Banking Crisis Clearly Shows Risks Crypto Poses to the Financial SystemThe governor of India’s central bank, the Reserve Bank of India (RBI), says the “ongoing U.S. banking crisis” clearly demonstrates the risks cryptocurrency poses to the financial system. The central bank chief added that the “Indian economy remains resilient,” emphasizing that the “worst of inflation is behind us.” India’s Central Bank Governor on Crypto Risks […]
Estimated read time 3 min read
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Dubai Free Trade Zone Partners With South Korean Companies to Expand Web3 and Metaverse Business

dubai metaverse web3The Dubai Multi Commodities Centre, one of the biggest free trade zones in the world, signed agreements with governments and companies in South Korea to bring more Web3 and metaverse businesses to the emirate. The objective of this move is to consolidate the status of Dubai as an international blockchain hub in the region. Dubai […]