According to the Silver Institute on Thursday night, the world's demand for silver is anticipated to increase 16% this year to 1.21 billion ounces, resulting in the largest deficit in decades.   According to the institute, record levels were anticipated for the use of silver by industry, in...

To help with a "liquidity crunch" at the rival exchange, cryptocurrency giant Binance signed a non-binding agreement on Tuesday to purchase FTX's non-U.S. unit. This stunning bailout has renewed investor concerns about cryptocurrencies.   Sam Bankman-Fried, the CEO of FTX, and Changpeng...

A falling yen has made new iPhones out of reach for some consumers and sparked a growing secondhand trade in a significant market for Apple Inc. For years, Japanese consumers eagerly paid top dollar for the newest gadgets.   The Japanese yen's decline to a 32-year low against the dollar has...

A former Chinese disease control official said, in a conference held by Citi on Friday, that China will make significant changes to its "dynamic-zero" COVID-19 policy in the upcoming months, according to a recording of the session as reported by the media.   Separately, according to three...

With growing concerns in bond and short-term money markets about a credit crunch, South Korea's government has decided to broaden its corporate bond-buying program, along with taking up other liquidity-supply measures.   Choo Kyung-ho, Minister of Economy and Finance, announced on Sunday...

According to Bloomberg News, China's Ministry of Industry and Information Technology has held a series of emergency meetings with leading semiconductor companies over the last week to assess the impact of US chip restrictions.   According to the report, the ministry summoned executives from...

Unknown damage to the Nord Stream pipelines running beneath the Baltic Sea has dashed hopes that Russian gas flow to Germany will resume soon.   Nord Stream 1 had been shut down for maintenance since the end of August, raising concerns about supply to Europe if the outage was prolonged....

As Europe prepares for a winter of limited Russian gas, a cost-of-living crisis, and the looming threat of recession, the 27-nation European Union is strategizing its next course of action to control rising energy prices and protect consumers from soaring bills.   "We need to find a quick...

The industry claimed that Britain's temporary revenue cap on low-carbon electricity producers was a "de facto windfall tax" on sources of renewable energy.   The government is looking for ways to stop the skyrocketing cost of energy while also raising money to help pay for tax cuts, despite...

A blockchain connected to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, according to a Binance spokesperson on Friday, the latest in a series of crypto sector hacks this year.   Binance CEO Changpeng Zhao stated in a tweet that tokens were stolen from a...

As part of a campaign against the notoriously murky online gaming market, the Philippines will shut down 175 offshore gambling companies and deport about 40,000 Chinese employees, a justice ministry official announced on Monday.   In 2016, the Philippines saw the emergence of a new industry...