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HONG KONG -- Asian shares slid further Friday after U.S. President Donald Trump's tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” set of tariffs,’ which economists say carries the risk of a potentially toxic mix of weakening economic...

Stock markets struggled into Wednesday morning as it became clear that President Donald Trump intended to announce a slew of tariffs on America's trading partners, with the White House preparing to mark what it is calling "Liberation Day."The S&P 500 and NASDAQ both posted their first quarterly losses since 2022 this week as investors prepared for the new measures and economists warned of the possibility of a recession -- with major potential knock-on effects for other economies around the globe.The Dow Jones, S&P 500 and NASDAQ futures were all slipping...

The Promise of CBDC and Gift City’s Role Is the Digital Rupee ready for real-world testing? At a time when countries like China and the European Union are pioneering their own CBDCs, such as the Digital Yuan and the Digital Euro respectively, India is not far behind in its ambitions of having its version of CBDC-the Digital Rupee, better known as e-RUPI. These various global initiatives will go a long way in updating the world’s financial systems, monetary policy mechanisms, and financial inclusion. China has already started testing the e-CNY,...