United States President Donald Trump said on Thursday that the sweeping tariffs he has imposed on nations around the world were making the country “great and rich again”, as governments raced to strike deals with Washington less than 24 hours before an August 1 deadline. “Tariffs are making America great and rich again,” he wrote on his Truth Social platform. “One year ago, America was a dead country, now it is the ‘hottest’ country anywhere in the world,” he added. A day earlier, the US president imposed new tariffs to punish or favour several major trading partners — the latest round of sweeping measures that have roiled markets around the world. South Korea squeezed in at the last moment, securing agreement on a 15 per cent tariff for exports to the US — significantly below the 25pc that Trump had earlier threatened to introduce. But Trump also announced crippling 50pc tariffs on Brazil and a 25pc levy on Indian exports, while warning Canada it would face trade repercussions for planning to recognise a Pal...
Rezolv Energy has selected Austrian infrastructure group PORR for infrastructure works on Phase 2 of the VIFOR Wind Farm in Buzau County, Romania, while Vestas will supply 42 EnVentus V162-6.4MW turbines – the largest-capacity turbines installed in Romania to date.
The guidelines are expected to cover leverage limits, user eligibility and risk disclosures for crypto lending activities. South Korea’s financial regulators plan to release guidelines on cryptocurrency lending services next month in an effort to tighten oversight and protect investors amid growing concerns over leveraged crypto products. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) on Thursday announced the formation of a joint task force to develop a regulatory framework for crypto lending, according to local media Yonhap News Agency (YNA). The move follows new lending services introduced by South Korean exchanges Upbit and Bithumb. According to YNA, Bithumb has allowed users to borrow as much as four times their collateral, while Upbit has offered loans worth up to 80% of users’ asset value. Read more