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(Corrects company name in paragraph 12 to Benchmark Mineral Intelligence; restores dropped word “factory” in first paragraph)

By Nora Eckert

STANTON, Tenn. :Stanton, Tennessee – population 450 – welcomed a massive new neighbor a few years ago: a…

PARIS/LONDON :Ten major banks including Bank of America, Deutsche Bank, Goldman Sachs and UBS are jointly exploring issuing a stablecoin, the latest sign of traditional finance seeking to get to grips with the growth of digital assets.

The group…

Andrew Tulloch, co-founder of Mira Murati’s Thinking Machines Lab, has left the AI company to join Meta Platforms, the Wall Street Journal reported on Saturday.  

A Thinking Machines Lab spokesperson confirmed the departure to the WSJ, saying…

LONDON :Google could be forced to change its search operations in the UK after it became the first company subject to new powers from Britain’s competition regulator to tackle the dominance of Big Tech.

Competition regulators have long had…

Blue Ocean, an off-exchange platform that enables overnight U.S. stock trading, said on Friday it was making a push into blockchain-based equity offerings, becoming the latest trading venue betting big on tokenization.

The move comes as…

BRUSSELS :The European Commission is scrutinising safeguards for minors on Snapchat, YouTube, the Apple App Store and Google Play under its Digital Services Act (DSA), it said on Friday.

The Commission is asking the businesses to provide…

SAO PAULO :Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais ($9.11 billion) in investment.

“Six months from now, we will begin…

Europe’s crypto rules do enough to address the risks around stablecoins, the European Commission said on Friday, signalling it does not see the need for major change after the European Central Bank called for more safeguards.

Stablecoins -…

Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to $6.45 billion in its U.S. initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite…

FRANKFURT :A digital euro could drain up to 700 billion euros ($810.88 billion) in deposits during a run on commercial banks, pushing around a dozen euro zone lenders into a liquidity squeeze, a European Central Bank simulation showed on…