Crypto industry groups are pushing Congress to pass a tax bill that would exempt mining and staking rewards from taxable income. House Democrats are skeptical, fearing it could unfairly favor crypto over traditional investments, and prospects for the bill's passage this year remain uncertain as midterms approach.
Non-resident Indians (NRIs) can now invest dollar savings in India with attractive rates due to RBI's hedging cost coverage and removal of interest rate ceilings on FCNR(B) deposits. Major banks offer 6-7.1% on dollar deposits, creating a significant arbitrage over US Treasury yields with no currency risk or Indian tax liability.
In November 1942, Brisbane erupted in two days of violent brawls between Australian soldiers and US servicemen, fueled by wartime tensions and cultural clashes. The conflict, known as the Battle of Brisbane, resulted in one Australian soldier's death and numerous injuries, before subsiding after military intervention.
Australians like Ray Merlehan are considering retiring overseas to countries like Malaysia, Spain, or Greece due to high living costs and modest superannuation balances. While offering financial benefits and 'golden visa' programs, challenges include family separation, healthcare access, and visa complexities.
Skin care experts reveal that beyond a gentle cleanser, appropriate moisturizer, and broad-spectrum SPF 30 sunscreen, most other products are optional "nice-to-haves" for improving skin appearance.
Maxx Crosby trade rumors persist with the Philadelphia Eagles and San Francisco 49ers reportedly showing interest. Despite a rejected $96M offer from the Ravens and contract concerns, insiders suggest the Eagles could afford him, while the 49ers might consider him if available.
Pakistan Cricket Board (PCB) introduces format-based central contracts for 2026-27, with significant pay hikes for red-ball (Test) players, offering up to 1.5 million PKR match fees and 4 million PKR monthly retainers, along with performance-based incentives.
A survey by a New York-based institute found 71% of Hong Kong graduates are highly optimistic about their career prospects, significantly above the global average of 59%. Graduates view Hong Kong's finance sector positively and are proactively using AI in job applications.
Energy industry voices are questioning the viability of the Marinus Link project due to the rapid expansion of AI data centres in Tasmania. These data centres require significant energy, potentially consuming a large portion of the state's supply, which could impact the project's business case.
Man Group's head of U.S. direct lending, Kevin Marchetti, believes higher interest rates create attractive opportunities for disciplined private credit lenders, despite "growing pains" in the sector. He noted strong credit fundamentals in the U.S. middle market and expects higher yields due to the floating rate nature of their investments.
President Trump compared the UFC structure being built at the White House for an event on June 14 to the Eiffel Tower, suggesting it might be a permanent fixture due to its attractiveness.
Europe saw a 7% drop in new foreign investment projects in 2025, reaching an 11-year low. France led with 852 projects despite a 17% decrease, followed by the UK and Germany. The US remains the top investing nation in Europe.
Prediction market platform Kalshi processed a record $17B in contracts in May, driven by institutional adoption. The company is focusing on Wall Street with new partnerships and infrastructure, aiming to offer hedging tools beyond traditional financial markets.
Australian independents face a dilemma: forming a party to increase influence while risking loss of independence. The community values their work but prefers them to remain independent, as shown in a recent writers' festival poll. Despite potential benefits like strengthening the centrist bloc and providing a buffer against right-wing coalitions, forming a party could fracture the movement. The author argues that a new party could innovate beyond traditional structures, and some independents may form an alliance while others remain independent, reflecting their community-driven approach.
The article discusses the complex question of whether independent politicians should form a political party. While constituents value their independence and the change they bring, many are hesitant about them forming a formal party. The author explores the potential benefits and drawbacks, suggesting that a new, values-aligned party could strengthen the centrist bloc and offer a buffer against right-wing coalitions, while still allowing for individual independence.
A global study finds women's faces are perceived as more attractive than men's across cultures, with the gap diminishing by age 80, potentially due to facial structure preferences and evolutionary factors.
Experts suggest the rise of weight-loss drugs like Wegovy could influence future art, potentially popularizing a "GLP-1 face" characterized by rapid fat loss, similar to past aesthetic trends. This shift contrasts with historical art that often celebrated fuller figures.
The Native English Speaking Teachers’ Association in Hong Kong warns that a new flexible pay scheme, decoupling salary from years of service, risks attracting lower-quality recruits and diminishing English education standards. Experienced teachers face contract non-renewals, and the scheme's instability may deter educators from settling in Hong Kong.
Venezuela has become India's third-largest crude oil supplier in May, overtaking Saudi Arabia and the US, as refiners seek cheaper heavy crude amid West Asia conflict disruptions. Imports from Venezuela surged to 417,000 bpd.
A former US diplomat believes the energy crisis, triggered by a US-Iran conflict, has increased China's interest in the Power of Siberia-2 pipeline project, facilitating Russia-China cooperation.
Taiwan has climbed to 20th place in the global start-up ecosystem rankings, a significant improvement from its previous position. The report highlights Taiwan's growing strengths in innovation and entrepreneurship.
Indonesia proposed an Asean oil storage hub to bolster regional fuel reserves amid supply disruptions from the Middle East. Analysts cite political distrust and Asean's history of untested mechanisms as potential obstacles.
BitMine Immersion Technologies acquired 71,672 ETH, valued at $151 million, as Ethereum's price fell 9% to around $2,108. The firm now holds nearly 5.28 million ETH, worth approximately $11.1 billion. Chairman Tom Lee cited the pullback as an attractive opportunity, despite a broader market downturn.
Jefferies raised Bharti Airtel's target price to Rs 2,350, citing strong Q4FY26 results. JP Morgan upgraded Cipla to overweight with a Rs 1,550 target, driven by US launch visibility. Morgan Stanley maintained an underweight rating on Dixon Technologies. HDFC Securities upgraded Hyundai Motor India to add, and Nomura has a buy rating on Crompton Greaves Consumer Electricals.
