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Open this photo in gallery:The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a range of 1.3702 to 1.3742.Mark Blinch/ReutersThe Canadian dollar edged lower against its U.S. counterpart on Tuesday but was performing better than all the other Group of 10 currencies, as oil prices rose and investors awaited a Bank of Canada interest rate decision this week.The loonie was trading 0.1 per cent lower at 1.3725 per U.S. dollar, or 72.86 U.S. cents, after trading in a range...

The digital era has opened up a new front—a one in which economies are being constructed not using physical goods or traditional money, but digital currency and virtual transactions. In India, one of the world's fastest-growing digital economies, this revolution is now maturing in the form of the Metaverse and cryptocurrencies. They're jointly constructing a new kind of economy—an immersive, decentralized, and rapidly-growing universe outside of gaming or social media.What Is the Metaverse?The Metaverse is a virtual universe that has humans connected and living along with their avatars, attending events,...

Investors, entrepreneurs and companies now use India’s IPO market to get involved in the country’s growing economy. By 2025, the IPO market is expected to experience a dramatic change because investors are switching, technology is advancing, and sustainability is gaining popularity. Upcoming IPO Trends: ESG, Tech, Fintech in Focus Interest in environmental, social, and governance (ESG), technology (tech), and financial technology (fintech) is on the rise among both retail and institutional investors. Because more people are opening Demat accounts and learning about finance, the number of people taking part in...

Open this photo in gallery:U.S. and Saudi flags flutter along a highway in Riyadh, Saudi Arabia, on May 12.Hamad I Mohammed/ReutersWhen U.S. President Donald Trump lands in Riyadh on Tuesday, he will be greeted with opulent ceremonies, gilded palaces and the prospect of $1-trillion in investments. But the raging war in Gaza has denied him one goal he has long craved: Saudi-Israel normalization.Behind the scenes, U.S. officials are quietly pressing Israel to agree to an immediate ceasefire in Gaza – one of Saudi Arabia’s preconditions for any restart of normalization...

“We are seeing a lot more application-layer pitches from founders. Our investments will likely be weighed more heavily there," said Hemant Mohapatra, a partner at global VC firm Lightspeed Venture Partners. “We're very active in the market."  It's a sentiment that's echoed by the largest VC firms in the Indian market including Lightspeed, Accel India and Peak XV Partners (formerly Sequoia Capital India and Southeast Asia).  Lightspeed said its cheque sizes for AI startups would vary, depending on a company's technology. Its investments have ranged from $3.5 million with a...

But like some other “Trump effect” investments, Trump doesn’t deserve all the credit.TSMC said it had already spent $65 billion in Arizona over the past five years to build two fabrication facilities on its sprawling Phoenix campus and was weeks from breaking ground on a third after the Biden administration gave it a $6.6 billion grant from the 2022 CHIPS and Science Act last year. Senator Mark Kelly, an Arizona Democrat, told the Globe that the company had showed him plans to expand to six so-called fabs a couple of...

Greg Bensinger and Deborah Mary Sophia  |  ReutersAmazon Alexa now wants you to go hands-free in a carColumnist Marc Saltzman reviews one of the hands-free driving options, Alexa in a car.Marc Saltzman, Special for USA TODAYAmazon AMZN.O chief executive Andy Jassy on Thursday justified the company's billions of dollars in outlays for artificial intelligence development, saying the investment was necessary to remain competitive."If your mission is to make customers' lives better and easier every day, and you believe every customer experience will be reinvented by AI, you're going to invest deeply and...

Wall Street’s main benchmark, the S&P 500, has lost more than 16 percent since setting an all-time high on Feb. 19, mostly because of worries about President Donald Trump’s tariffs.Any kind of uncertainty around the economy will give Wall Street pause, but the trade war is making it more difficult for companies, households and others to feel confident enough to invest, spend and make long-term plans.The tariffs announced on “Liberation Day” sent stocks reeling to their worst day since since the COVID crash of 2020 because they were much harsher...

Two thirds of Canadians back Conservative Leader Pierre Poilievre getting a national security clearance, and nearly as many support Liberal Leader Mark Carney disclosing the scope and scale of his investments he recently put in a blind trust, according to a new national poll.The opinion survey on the personal choices of these two leaders, conducted last weekend for The Globe and Mail and CTV News by Nanos Research, found 66 per cent of respondents wanted or somewhat supported Mr. Poilievre joining the other federal party leaders in obtaining this status...

Intercontinental Exchange Inc., parent of the New York Stock Exchange, is joining with Circle Internet Financial Ltd. to explore the use of the crypto firm’s USDC stablecoin, as well as tokenized money market funds, to develop new products.“We believe Circle’s regulated stablecoins and tokenized digital currencies can play a larger role in capital markets as digital currencies become more trusted by market participants as an acceptable equivalent to the US dollar,” Lynn Martin, president of the NYSE, said in a statement Thursday. Circle and ICE will explore using Circle’s stablecoins...