Romania's industrial production decreased by 1.5% in January-August 2025 in unadjusted data compared with the same period of 2024 and was down 0.7% when adjusted for the number of working days and seasonality, data from the country's statistical office INS showed on Wednesday (October 15).
Ripple has partnered with South Africa’s Absa Bank to provide digital asset custody services, expanding its institutional custody network across Africa. Institutional blockchain service provider and XRP developer Ripple announced a partnership with South African bank Absa on Wednesday to provide digital asset custody to the institution’s customers. According to the announcement, Absa is “Ripple’s first major custody partner in Africa.” The bank will offer its customers digital asset custody services relying on Ripple’s infrastructure for tokenized assets and cryptocurrencies. The bank is a major player on the African financial stage, managing 2.07 trillion South African rands ($119.5 billion) of assets as of the end of 2024. Absa also saw $6.34 billion of revenue last year. Read more
Froneri, one of the world’s largest ice cream companies, which owns brands such as Häagen-Dazs, Cadbury, Oreo and Milka, has entered agreements to acquire the European ice cream business of Food Union, a transaction that also includes the Romanian operations.
BNB’s price upside momentum is waning further after Binance faced $21.75 billion weekly outflows and margin system exploit accusations. Key takeaways: BNB’s double top pattern suggests a possible 30% correction toward $835 in October. Binance witnessed the largest weekly outflows compared with other centralized exchanges. Read more