The European Central Bank reported that gold has overtaken U.S. Treasuries as the largest share of global reserve assets, representing about 27% of total reserves by the end of 2025. This shift is driven by a historic rally in gold prices and increased central bank purchases, especially from countries facing geopolitical risks like China, Poland, and Türkiye. Despite the rise, the ECB warns gold's volatility, storage costs, and limited supply may limit its future growth as a reserve asset. Analysts expect continued strong demand for gold as central banks seek to diversify away from major fiat currencies amid ongoing geopolitical uncertainties and concerns over sovereign debt risks.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
