Headlines

The US-India trade deal that isn’t

When Donald Trump announces a “historic deal,” the room usually vibrates with superlatives. When Narendra Modi responds, the quiet is more telling than the words. Their latest exchange—a claimed swap of ending Russian oil purchases for a US tariff cut—was a masterclass in

Hong Kong signals caution in stablecoin license rollout

Hong Kong authorities are moving toward issuing the city’s first stablecoin licenses, with the Hong Kong Monetary Authority targeting March for an initial round. Market expectations, however, have been carefully managed. Based on regulatory signals and industry briefings, the