Philippine Airlines plans to place its first order for Boeing Co. aircraft in almost two decades, with the airline agreeing to purchase as many as 20 787-10 Dreamliners. The Southeast Asian carrier announced the deal at the UK Farnborough International Airshow โ one of the industryโs marquee events. The aircraft will be delivered from 2031.
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The administration took three actions using Section 338 of Tariff Act of 1930, a law never before used to impose tariffs, but which the administration says allows it to respond to discriminatory treatment of U.S. products.
The items subject to the new tariff include milk and cream, hockey equipment and alcohol โ but not major resource imports including energy, potash, fish and critical minerals. Goods covered by separate duties on industries, including autos and steel, will also be spared.
โWhile the Administration continues to secure fair and reciprocal trade deals with our trading partners, Canada, unlike other partners and allies, continues to retaliate against the United States for its efforts to rebalance trade and protect U.S. industry in national-security sensitive sectors,โ โ USTR Jamieson Greer said.
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The second phase of BOK's CBDC program is scheduled for September with real-transaction testing.
"The Bank of Korea will provide the infrastructure for the institutional CBDC, and each bank will conduct its own business using deposit tokens," a BOK official told YNA. "From the second phase, we will lay the groundwork for commercialization."
"The goal is to create an environment where the won can be traded freely regardless of time or place," Yonhap quoted the government as saying.
The South Korean Ministry of Economy and Finance announced plans to update its seven-decade-old national asset law to classify cryptocurrencies as national assets. That announcement builds on the countryโs broader push to bring blockchain into public finance.
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The order creates a new cross-agency council chaired by Nigeriaโs central bank to coordinate oversight of digital assets, streamline supervision between regulators, and crack down on fraud and unregistered operators.
This is Nigeriaโs most significant step yet toward formalizing Africaโs largest crypto market and establishing a national roadmap aimed at attracting institutional investment.
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Bristol Myers Squibb is buying the latest-generation computing system from chip company Nvidia to support its use โof AI across its drug discovery and development operations. The drugmaker said โit will be the first life sciences company to buy an Nvidia DGX SuperPOD based on its Vera Rubin systems.
Pharmaceutical companies are increasingly investing โin AI infrastructure to try to identify drug targets faster and improve the odds that experimental drugs succeed in clinical trials. Robert Plenge, chief research officer at Bristol Myers, said the new capabilities โwould allow the company to cycle through many more potential drug candidates early โin the drug development cycle.
"Maybe before we could do 10 and now we can do dozens," โhe โ said.
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The two-seat Cybercab has no steering wheel, no pedals and no side mirrors. Tesla started building it at Giga Texas earlier this year and plans to ramp output through 2026. A cutaway diagram shows where Starlink sits inside the car, next to a 5G LTE antenna, interior microphones, the FSD computer, an emergency stop and a full camera suite.
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President Donald Trump has agreed to ethics language โ potentially moving the ball forward to getting cryptocurrency legislation passed into law. An agreement on the ethics provision had been reached by Monday evening after months of negotiations.
"We are now hearing Trump has agreed to an ethics provision," โ the source said.
Lawmakers and the White House have spent much of the past year negotiating ethics provisions that would limit how presidents, vice presidents, members of Congress and other federal officials can profit from digital assets while in office. At the center of the dispute has been Trump's memecoins and his family's company, World Liberty Financial.
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Andy Burnham pledged fiscal discipline in his first cabinet meeting as UK prime minister, while repeating his promise to ease the cost of living for millions of voters.
โWeโve got to show that our commitment to the fiscal rules is real, and weโre prepared to make difficult decisions in relation to that,โ โ Burnham said, in televised coverage of the meeting.
Burnham removed value added tax from household electricity bills from Oct. 1, a move the government said would save families on average ยฃ45 ($61) a year.
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The legislation, officially known as Bill No. 1194918-8 or โOn Digital Currencies and Digital Rights,โ treats cryptocurrencies such as Bitcoin as legal property. This classification provides holders with clearer legal protections in areas including bankruptcy proceedings, divorce settlements, and court disputes.
Once cleared there, it will reach President Vladimir Putinโs desk for final signature. Implementation of core provisions is anticipated around September 1, 2026, giving regulators time to finalize supporting rules.
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Health Assistant will help users achieve their health and wellness goals by connecting important health data with insights that empower them to ask questions about their health and gain access to rich, personalized health guidance and recommendations.
With a holistic understanding of a userโs health, Health Assistant will connect user health information from Samsung Healthโs five core pillars of wellness โ sleep, activity, nutrition, mindfulness, and vitals โ and transform this data into meaningful, actionable insights, while explaining how each variable impacts the others.
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Prime Minister Mark Carney said he and US President Donald Trump agreed to accelerate trade talks ahead of a potential US move to impose 50% tariffs on a range of Canadian goods next month.
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๐ต๐ปโโ๏ธ UK Parliament begins inquiry into banking chokepoint for crypto businesses
U.K. politicians want to know the extent to which the countryโs banks have choked-off cryptocurrency firms by refusing them bank accounts and introducing restrictions on crypto-related payments in a cross-party inquiry kicked off on Tuesday.
โ๏ธ The Crypto and Digital Assets All-Party Parliamentary Group (APPG) is chaired by Ed Vaizey, a former Minister for the Digital Economy and a member of the House of Lords, and Gurinder Singh Josan, a Labour MP.
๐ Several major U.K. banks have introduced restrictions on crypto-related payments. As such, the inquiry will focus on a dearth of bank accounts for crypto businesses, including associated professional services such as insurance.
๐ The APPG will also look at restrictions placed by banks on crypto-related transactions, amid concerns that some of the banks have introduced measures such as blocking payments to certain crypto firms, or imposing transfer limits.
The APPG is inviting written evidence from across the banking, payments, fintech and crypto sectors over a six-week call for evidence before publishing a report setting out its findings and recommendations to the government.
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U.K. politicians want to know the extent to which the countryโs banks have choked-off cryptocurrency firms by refusing them bank accounts and introducing restrictions on crypto-related payments in a cross-party inquiry kicked off on Tuesday.
"Over a number of years, the APPG has heard consistent reports from crypto and digital asset businesses that they face difficulties accessing bank accounts and banking services, alongside concerns about restrictions on crypto-related transactions by banks,โ โ Vaizey said.
The APPG is inviting written evidence from across the banking, payments, fintech and crypto sectors over a six-week call for evidence before publishing a report setting out its findings and recommendations to the government.
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Telegram plans to bring a non-custodial crypto wallet to its roughly 1 billion users this summer, the company's CEO said Tuesday. Durov did not provide many details in his post, but did tease "instant zero-fee crypto transactions."
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President Donald Trump is poised to impose fresh levies on products from dozens of economies by Friday, a move to ensure his tariff regime remains intact even after stopgap 10% global duties lapse.
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Galaxy announced the launch of the Galaxy Bitcoin Quantum Readiness Initiative, a multi-pillar program dedicated to preparing Bitcoin for the threat posed by advances in quantum computing.
The National Institute of Standards and Technology (NIST) finalized its first post-quantum cryptography standards in 2024, and a recent executive order set a 2031 deadline for the federal government to defend against quantum attacks on classical cryptography.
โAs leaders in the digital assets space, we believe itโs important that we help be part of the solution to any potential threat quantum computing poses to Bitcoin,โ โ said Mike Novogratz, Founder and CEO of Galaxy.
โThis initiative reflects that commitment, creating practical steps to research, fund and support the work that keeps Bitcoin secure for the long run.โ๐
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TDC (The Digital Chamber) alleged that Illinois' Digital Asset Tax Act violated both the U.S. and state constitutions and is preempted by a federal tax law. The lawsuit, filed Tuesday, asks a federal judge to block the Illinois state government from enforcing the tax.
The Digital Asset Tax Act was passed and approved last month. The 0.2% tax applies to any entities that are based in Illinois or provide services with gross receipts of over $100,000. The tax takes effect in January.
"The Act does not distinguish between gains and losses, between profitable and unprofitable transactions, between realized and unrealized appreciation, or between transfers that change ownership and transfers that do not. It distinguishes only between traditional financial infrastructure and blockchain infrastructure," the filing said.
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German company SAXON Q has built a high-powered quantum computer that doesnโt need a lab or giant supercoolers to run. The company announced the commercial launch of its SXQ128 and SXQ512 systems, scaling up to 128 and 512 qubits, respectively.
Both systems operate at room temperature with no cryogenic cooling, vacuum equipment or specialized facilities required, offering organizations the ability to run quantum convolutional neural networks (QCNN) and chemistry simulations, accelerate materials research and develop the quantum workflows that will define the next era of computing. These are the first quantum computers based on diamond nitrogen-vacancy (NV) centers to break past the 10-qubit mark.
โFor thirty years, NV-center quantum computing was a question of manufacturing โ whether we could place qubits with enough precision and yield to build something that works outside a laboratory. We solved that problem,โ โ said Marius Grundmann, co-founder and CEO of SAXON Q.
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The Maharashtra government is preparing a first-of-its-kind legal framework to allow blockchain-based property tokenisation through the proposed DELTA Act.
If enacted, Maharashtra would become the first state in the country to introduce a dedicated law for blockchain-based property tokenisation.
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