Author: Charlotte

The US’ financial regulator has pressured activist hedge funds to reveal who is backing them. For Gulf family offices quietly co-investing in US markets, that means their names could soon be public. The US Securities and Exchange Commission (SEC) said activist investors in the US must disclose the identities of their clients in regulatory filings, in a move that may rattle hedge funds by requesting information they have long fought to keep secret. The updated interpretations of 13D filings and proxy statements, issued last week, clarify how the agency views its rules on critical filings after a busy six months…

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LONDON, United Kingdom, July 15, 2026 (GLOBE NEWSWIRE) — XRP Power, a financial technology platform specializing in algorithmic digital asset management, today announced the launch of its new automated AI-powered trading system. The product release coincides with shifts in the global macroeconomic landscape following the latest inflation data released by the US Bureau of Labor Statistics.  The June Consumer Price Index (CPI) report indicated a deceleration in US inflation, driven primarily by declining energy costs and a moderation in core inflation metrics. While the cooling price pressures have adjusted market expectations surrounding future Federal Reserve monetary policy, persistent factors-including international crude oil…

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It’s easy to forget, but long before the current AI bubble was ever dreamed of, there was a yearlong period during which NFTs (Non-Fungible Tokens, for those of you who have scrubbed the entire period from your mind) were the hottest thing in the world, attracting billions in investment, dominating the news agenda and were being pushed by celebrity backers from Paris Hilton to Ozzy Osborne to, er, John Terry.  Even then-chancellor Rishi Sunak announced that the Royal Mint was going to create its own NFT for, presumably, the betterment of the nation. Then, of course, it all fell apart,…

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By Milan Rojan Today Banks Digital Payments Digital Transformation ACI Worldwide has called for a long-term approach to the future of the UK’s retail payments infrastructure, arguing that payment systems should be treated as strategic national infrastructure as digital transactions become increasingly central to the economy. The comments have come as discussions continue over the future of the UK’s retail payments ecosystem, with policymakers and industry stakeholders considering how payment infrastructure should evolve to support resilience, competition and innovation. Richard Albery, Head of Commercial at ACI Worldwide, said: “Payments are now as fundamental to modern life as energy, transport and…

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The upcoming launch of Open Standard’s Open USD (OUSD) stablecoin could pose an “existential threat” to Circle’s USDC, but it depends on how things play out, a CoinShares analyst said Monday (July 13). In a note posted Monday, CoinShares Senior Ethereum Research Associate Luke Nolan wrote that one of the potential strengths of OUSD is that it is backed by more than 140 partners. Another is that the stablecoin’s model plans to share reserve income with the partners that distribute it, minus a management fee. “That is the main difference versus the existing stablecoin model, where the issuer keeps the…

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Will Artificial Intelligence (AI) liberate or enslave humanity? As an economist with zero technical expertise, I will not venture a guess. But some economic fundamentals offer some perspective on the AI economy. AI will significantly transform the labor market. The potential jobs apocalypse is not my topic today. Many cognitive jobs will surely be automated, as physical tasks have been for decades. Until AI, only humans trained in the field could answer law or accounting questions. We will need fewer lawyers and accountants, but we will still need some. But AI will not abolish scarcity. Indeed, data centers need enormous…

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