Author: Journalist

EU banking supervisor The European Banking Authority (EBA) announced the release of new proposed amendments to Pillar 3 disclosure requirements for banks, including simplifications and clarifications around ESG risk-related reporting, particularly for small and medium-sized banks. The EBA said that its new proposals align with the initiatives of the European Commission to simplify sustainability reporting, such as the Commission’s Omnibus package. The EBA said: “In line with the European Commission’s omnibus proposal to reduce reporting costs and simplify sustainability reporting, the EBA has designed a proportionate approach for ESG disclosures based on the institution’s type, size and complexity, with simplified…

TOKYO Reuters) – Sony will on Thursday lay out the growth strategy for its financial arm set for a spin-off that has been welcomed by investors as marking the latest chapter in the company’s transformation. The Japanese conglomerate, once best known for household electronics, has received plaudits for shifting its focus to entertainment, which totals more than 60 per cent of sales. The financial spin-off reflects the tangled path Sony has taken, coming just four years after it took full control of the business in a $3.7 billion deal. Sony executives will address the spin-off and the financial unit’s growth…

Bitcoin’s momentum, which pushed the asset to a fresh all-time high of over $111,000 earlier this week, appears to have paused slightly heading into the weekend. As of the time of writing, BTC is trading at $108,499, marking a 2.5% decline over the past 24 hours.Despite this short-term retracement, the overall market trend remains positive. Bitcoin has held most of its recent gains and remains just below its record peak set yesterday. The recent price action has coincided with an increase in on-chain signals, suggesting that large players are returning to the market.Notably, analysts are closely monitoring activity from major…

HONG KONG, – China and Hong Kong stocks retreated on Monday, with automobile and Apple suppliers leading the decline. ** At the midday break, the Shanghai Composite index was down 0.3% at 3,338.42 points. China’s blue-chip CSI300 index was down 0.7%. ** In Hong Kong, the benchmark Hang Seng Index was down 1% at 23,366.06. The Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Index fell 1.3% to 8,474.69. ** Apple supplier stocks lost ground after U.S. President Donald Trump threatened tariffs on imported iPhones. ** iPhone assembler Luxshare and mobile screen maker Lens Tech both…

SINGAPORE – The clock is ticking for Nicher, a bakery serving French pastries and coffee at The Brooks, a mixed-use development near Sembawang Road.The bakery’s owner, Mr Melvin Koh, 39, has decided to sell the business when his lease expires at the end of June. The former pastry chef with Marina Bay Sands says his lease will go up 15 per cent from his current rental of $5,000 if he chooses to renew it, which will make running the business unsustainable. “Rent takes up at least 50 per cent of my total operating expenses,” said Mr Koh. “Costs of ingredients and…

[SINGAPORE] Stock market indices that include South-east Asian companies screened for their environmental, social and governance (ESG) practices tend to outperform their conventional benchmarks, said a recent report by financial services provider CGS International. This indicates that the premium Asean companies can get from strong ESG performance – whether through higher valuations, lower costs of capital or better investor sentiment – has matured into a structural signal rather than a transient recovery, the report noted. The report found that between May 2022 and May 2025, the ESG-aligned index FTSE4Good Asean 5 generated an annualised return of 5.1 per cent, and…

A yacht party hosted by DogeOS during the Token2049 Dubai conference week. Dubai, United Arab Emirates, May 1, 2025Natasha Turak | CNBCDUBAI, United Arab Emirates — On a humid Dubai night in early May, I joined guests gathered on the five-storey, 220-foot long Lotus megayacht to celebrate the culmination of TOKEN2049, a major crypto conference held in the glitzy desert emirate I call home. The party was hosted by DogeOS, the app developer behind the blockchain for Dogecoin, the shiba inu-faced meme coin that saw a rip-roaring rally in 2021 and briefly turned a few bullish buyers into millionaires. It’s part of…

Subtitle: Platform enhances Bitcoin integration to enable faster, cost-effective NFT creation and seamless multichain deploymentSingapore, Singapore–(Newsfile Corp. – May 23, 2025) – Colle AI (COLLE), the multichain AI-powered NFT platform, has expanded its Bitcoin integration to support scalable asset distribution and unlock greater utility across decentralized networks. This upgrade empowers creators to launch NFTs using Bitcoin-backed infrastructure while benefiting from Colle AI’s intelligent automation and multichain compatibility.Launch NFTs at scale with Colle AI’s intelligent, multichain-powered platform.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8833/253177_09a4261564a38866_001full.jpgThe platform now supports more refined Bitcoin asset handling, including optimized UTXO management, smart asset wrapping, and…

Mike WendlingReporting fromDresden, New YorkBBCListen to Mike read this articleFor the last five years, a loud hum has been a continual backdrop to birdsong and the occasional barking dog in the village of Dresden, New York state.Coming from the nearby Greenidge Generation power plant, which had been mothballed for years before, the sound has angered some local people.”It’s an annoyance,” says Ellen Campbell, who owns a house on Seneca Lake a short distance away. “If I sit out by the lake, I would rather not hear that.”We didn’t sign up for the constant hum.”The issue here in Dresden, a village…

Traders work on the floor of the New York Stock Exchange during morning trading on May 12, 2025.Michael M. Santiago | Getty Images News | Getty ImagesStocks declined Friday after President Donald Trump raised trade fears again, warning Apple  and recommending stiffer duties on the European Union.The Dow Jones Industrial Average lost 256.02 points, or 0.61%, to end at 41,603.07. The S&P 500 shed 0.67% and closed at 5,802.82, and the Nasdaq Composite dropped 1% and settled at 18,737.21.Apple shares fell 3% after Trump posted on Truth Social that iPhones sold in the U.S. must be made in the U.S.…