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May 4, 2026 Singapore-based wealth-tech firms are increasingly choosing Hong Kong as their first major overseas expansion market, attracted by the city’s large pool of idle savings, deep wealth base, and its role as a regional financial hub. The latest firm to enter this market is Chocolate Finance, which launched in Hong Kong last month with a product aimed at retail investors’ idle cash.According to the source, Chocolate Finance offers an annualized return of 3.8 percent on the first HK$100,000 (approximately US$12,763), with no minimum balance requirement, no lock-up period, and daily interest accrual. CEO Tim Jones explained that the…
The Japanese yen was largely unchanged on Monday morning as investors reacted to last week’s intervention by the Bank of Japan (BoJ). The USD/JPY exchange rate was trading at 158 on Monday, down from last week’s high of 160.Bank of Japan intervention The USD/JPY exchange rate is in the spotlight this week as investors react to last week’s intervention, in which the Bank of Japan spent as much as $35 billion in yen buying.This purchasing happened after the pair rose to the important resistance level at 160 for the first time in months. Yen buying is a situation where the central…
The CMA Category 5 In principal approval positions BitDelta Securities Financial Services LLC to deepen its institutional-grade presence in one of the world’s fastest-growing financial hubs, reinforcing the firm’s commitment to operating under the strongest regulatory standards in every market it entersDUBAI, UAE, May 4, 2026 /PRNewswire/ — BitDelta Securities Financial Services LLC (“BitDelta”) has been granted In Principal Approval by the United Arab Emirates Capital Market Authority (CMA) under the Category 5 license framework. The approval marks an important step in the firm’s strategic regional expansion and underscores its long-term commitment to operating within a fully regulated and supervised environment…
Vote counting in key Indian state elections was underway on Monday under tight security, with the focus on West Bengal, where Prime Minister Narendra Modi’s party is hoping for crucial gains.Elections in five states and territories took place in April and May, and Modi’s Bharatiya Janata Party (BJP), the ruling party in the national parliament, is hoping to make inroads into opposition-held states.In West Bengal, the Hindu-nationalist BJP waged an aggressive bid to dislodge Chief Minister Mamata Banerjee, the firebrand leader of the All India Trinamool Congress (TMC), in power in the state of 100 million people since 2011.Exit polls…
Adverse weather conditions, including thunderstorms, rain and strong wind shear, disrupted flight operations at Delhi’s Indira Gandhi International Airport (IGIA) through the night, leading to 29 flight diversions and multiple missed approaches, officials aware of the matter said.People look at a screen displaying flight information at IGI airport in Delhi. (Reuters File)Airport authorities had issued an aerodrome warning between 9.30pm and 11.30pm on May 3, cautioning of surface winds gusting between 15 and 25 knots, accompanied by moderate thunderstorms and rain.“At around 10.30pm, Delhi airport shifted to easterly mode of operations as heavy weather intensified in and around the capital.…
Belgian pharmaceutical group UCB has reached an agreement to acquire American biotech firm Candid Therapeutics for more than 2 billion USD (around 1.7 billion EUR), the company announced on Sunday.Candid Therapeutics specialises in treatments for autoimmune diseases. Its lead candidate, cizutamig, is currently being tested in ten clinical trials involving patients with various autoimmune conditions. The treatment has already been administered to more than 100 patients.”We consider cizutamig a potentially groundbreaking agent that complements our existing programs,” says UCB CEO Jean-Christophe Tellier. He sees potential to “significantly improve” the quality of life for patients.Under the agreement, UCB will pay 2…
SILENCING CRITICS: In addition to blocking Taiwan, China aimed to prevent rights activists from speaking out against authoritarian states, a Cabinet department said By Huang Ching-hsuan and Kayleigh Madjar / Staff reporter, with staff writer The Ministry of Foreign Affairs (MOFA) yesterday condemned transnational repression by Beijing after RightsCon, a major digital human rights conference scheduled to be held in Zambia this week, was abruptly canceled due to Chinese pressure over Taiwanese participation.This year’s RightsCon, the world’s largest conference discussing issues “at the intersection of human rights and technology,” was scheduled to take place from tomorrow to Friday in Lusaka,…
Geneva: Three of the world’s leading health organizations have condemned the international community’s failure to protect healthcare providers and patients in conflict zones. In a joint statement, the World Health Organization, the International Committee of the Red Cross and Doctors Without Borders called on world leaders to take action to protect health service providers. They stressed that the situation today is worse compared to 10 years ago. In their statement, the organizations pointed out that the UN Security Council unanimously adopted Resolution 2286 ten years ago, which condemns attacks and threats against the wounded, the sick, medical personnel, hospitals and…
By Aarav Garg Today Cross Border Payments Digital Banking Digital Lending Ripple has expanded its footprint in the Middle East with a new regional headquarters in Dubai, signalling continued investment in blockchain-based payments and digital asset infrastructure across the region. The company said its new Middle East and Africa (MEA) hub in the Dubai International Financial Centre (DIFC) will support growing demand for regulated cross-border payment and custody solutions, while creating capacity to scale its regional operations. The office is expected to allow Ripple to double the size of its local team over time. “In recent years the Middle East…