China’s Industrial Profits Slow to 4.2% Showing The AI Boom Left It Behind

China’s industrial profits grew 4.2% in August from a year earlier, official data showed Monday. Cumulative profit growth for the year has now slowed for a fourth straight month. That cumulative pace peaked at 24.7% through April and has eased to 15.7% through August. Meanwhile, an AI-driven profit boom is lifting rival economies far faster. […]

Discover How 20 Million Russians Tap Into Over $43B in Cryptocurrency

Deputy Finance Minister Ivan Chebeskov has estimated that 20 million Russians have invested 3.7 trillion rubles (nearly $44 trillion) in crypto. These funds are being leveraged in three different pools: foreign trading, mining, and held as investment or savings assets on external exchanges. How Are Russians Adopting Crypto? Russia has become a cryptocurrency hotbed, ranking […]